Global Herring Market 2019-2023 | Growing Adoption of Sustainable Fishing Approaches to Boost Growth | Technavio

Technavio has announced its latest market research report titled global herring market 2019-2023. (Graphic: Business Wire)

LONDON--()--The global herring market is expected to post a CAGR of close to 2% during the period 2019-2023, according to the latest market research report by Technavio.

A key factor driving the growth of the global herring market size is the growing demand for processed fish. The popularity of processed fish is increasing significantly in non-coastal areas. Moreover, as fresh fish cannot be stored for a long time, the demand for post-harvest handling functions such as processing, preservation, packaging, storage, and transportation has increased. The fish processing market is expected to reduce the waste due to spoilage and allow widespread distribution of fish varieties across the globe. Thus, the growing demand for processed fish will fuel the growth of the herring market during the forecast period.

As per Technavio, the increasing adoption of sustainable fishing approaches will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global herring market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Herring Market: Increasing Adoption of Sustainable Fishing Approaches

The fishing industry is witnessing an increase in the adoption of sustainable practices to deal with climate issues and ensure food security. Several socially responsible fish value chain participants such as industry associations, governments, policymakers, and regulatory bodies are working collectively to achieve sustainable development of the fishing industry. Thus, the increase in adoption of sustainable fishing approaches will boost the growth of the herring market during the forecast period.

“Apart from the increasing adoption of sustainable fishing practices, other factors such as the rise in online sales of fish, and the growing demand for frozen herring will have a significant impact on the herring market growth during the forecast period,” says a senior analyst at Technavio.

Global Herring Market: Segmentation Analysis

This market research report segments the global herring market size by type (Atlantic herring, Pacific herring, and others) and geographic regions (Europe, North America, APAC, South America, and MEA).

The European region led the herring market in 2018, followed by North America, APAC, South America, and MEA respectively. This herring market report identifies the rising per capita consumption of herring, and the growing exports of herring as factors contributing to the high market share of the region.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global herring market is expected to post a CAGR of close to 2% during the period 2019-2023, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com