Smoked Fish

Global Smoked Fish Market to Reach US$25.3 Billion by 2030

The global market for Smoked Fish estimated at US$21.0 Billion in the year 2024, is expected to reach US$25.3 Billion by 2030, growing at a CAGR of 3.1% over the analysis period 2024-2030. Smoked Salmon, one of the segments analyzed in the report, is expected to record a 3.0% CAGR and reach US$12.8 Billion by the end of the analysis period. Growth in the Smoked Mackerel segment is estimated at 3.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$5.7 Billion While China is Forecast to Grow at 6.0% CAGR

The Smoked Fish market in the U.S. is estimated at US$5.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.2 Billion by the year 2030 trailing a CAGR of 6.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.9% and 2.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

Global Smoked Fish Market - Key Trends and Drivers Summarized

Smoked fish is a delicacy enjoyed worldwide, appreciated for its unique flavor and preservation qualities that date back centuries. The smoking of fish involves curing the fish by smoking it over various types of wood, which not only imparts a distinctive smoky flavor but also extends the shelf life of the seafood. There are primarily two smoking methods: hot smoking, where the fish is fully cooked in temperatures from 100 to 180 degrees Fahrenheit, and cold smoking, which takes place under 100 degrees Fahrenheit and imparts flavor while keeping the fish essentially raw. Commonly smoked fish includes salmon, trout, mackerel, herring, and sardines. These are popular not only for their enhanced taste but also for their health benefits, as smoking helps retain the fish`s nutrients, including Omega-3 fatty acids, which are essential for cardiovascular health.

The production of smoked fish requires meticulous handling to ensure safety and quality, given the risk of contaminants like Listeria. Modern smoking techniques have evolved to include more controlled environments, which ensure consistent flavor and minimize health risks. Innovations in smoking technology, such as liquid smoke and automated smoking kilns, have also made the process more efficient and environmentally friendly by reducing the amount of wood used and the smoke emitted. Additionally, the smoked fish industry has seen a resurgence in traditional and artisanal techniques, which are particularly valued in the gourmet food market. These methods, often emphasizing organic and locally sourced ingredients, cater to a growing segment of consumers looking for premium, craft-produced foods.

The growth in the smoked fish market is driven by several factors, including rising consumer demand for protein-rich and flavorful convenience foods, advancements in food processing and preservation technologies, and increasing awareness of the health benefits associated with fish consumption. The market has also been bolstered by the expanding palate of consumers who seek diverse culinary experiences and are more willing to try ethnic and traditionally inspired foods, including various types of smoked fish. Additionally, improvements in packaging technology that extend the shelf life of smoked products without compromising taste or quality have made smoked fish more accessible and appealing to a broader audience. The integration of sustainable practices in fisheries and smokehouses, responding to consumer demand for environmentally responsible sourcing, further drives market growth. These factors, coupled with the global expansion of distribution channels that facilitate the entry of smoked fish into new markets, underscore a vibrant and growing industry segment.

SCOPE OF STUDY:

The report analyzes the Smoked Fish market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Smoked Salmon, Smoked Mackerel, Smoked Herring, Other Products); End-User (Food Service End-User, Retail End-User, Other End-Users)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 38 Featured) -

• Acme Smoked Fish Corp
• Aker BioMarine ASA,
• Canada Smoked Fish Co.
• Conagra Brands, Inc.
• Foppen Seafood (Foppen)
• General Mills
• Honey Smoked Fish Co.
• JCS Fish Limited
• Lerøy Seafood AS
• Marine Harvest
• Schwarz Fish Company
• Thai Union Group PCL
• The Boston Smoked Fish Company, LLC
• The Pished Fish
• VETEC Anlagenbau GmbH

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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