Seattle, WA -- (SBWIRE) -- 11/14/2019 -- Herring is the flesh of a fatty fish which is mostly found in the shallow waters of the northern Atlantic or Pacific oceans and belongs to the family of Clupeidae (order Clupeiformes). It is small-headed, streamlined, colored fish with silvery iridescent sides and deep blue, metallic-hued backs and mostly range from 20 to 38 centimeters (8 to 15 inches) in length. Moreover, they have a life span of 19 years and can live in fresh as well as saltwater. Furthermore, they depend on organisms such as copepods, pteropods, planktonic crustaceans, and fish larvae for feed.
Market Dynamics
Health benefits associated with the herring is the prime factor which is expected fuel their demand as it has a high level of heart-healthy omega-3 fatty acids and essential fats which plays a very important role in healthy development and function of the brain
Moreover, studies carried out by the U.S. National Library of Medicine omega-3s help to regulate inflammation and decrease the risk of inflammation-associated disorders such as heart attack, stroke, cancer, and autoimmune diseases such as rheumatoid arthritis. Furthermore, it is also useful for the patients suffering from high cholesterol, diabetes, symptoms of PMS, coronary artery disease, breast cancer, memory loss, depression, attention deficit hyperactivity disorder, insulin resistance, and arthritis. These factors are projected to propel the market growth of smoked herring fish market. On the other hand, the strict government regulations subjected to the packaging of smoked herring products that covers proper labeling and approval of the regulatory bodies is the major factor limiting the market growth
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Market Trends
Since 2014, smoked fish from Nigeria is marketed in the U.S. with the help of the Commercial Agriculture Development Project (CADP), supported by the World Bank. Through CADP, Nigerian farmers were introduced to new smoking kiln technology that improved fish processing by reducing the smoke level to internationally acceptable standards. The advent of such technologies is projected to fuel the growth of the market. Apart from this, key vendors in the smoked fish market are also investing heavily in producing biodegradable packaging materials such as bio-PET amongst others to increase the life span of the smoked fish products and to reduce the negative impact of packaging to the environment.
Market Outlook
Europe is projected to hold a dominant position in the smoked herring fish market and is projected to continue its dominance during the forecast period. Because in Europe, the majority of the smoked herrings are salted, pickled in barrels, or cured by smoking and sold as kippered herring. In eastern Canada and the northeastern U.S., most of the herring utilized are young fish, taken in inshore weirs or seines that are canned as sardines. The majority of herring obtained from the Pacific Ocean are used to manufacture fish oil and meal and smaller quantities are pickled and smoked. Herring is placed in smokehouse are smoked at 80-90° F (27-32° C) for one hour to dry the skin and obtain golden brown color.
Key Players
Major players are producing new products with smoked herring to enhance their presence in Smoked Herring Fish Market by offering variety by using various methods such as smoking or salting and other Eastern European methods, which is propelling the demand for Smoked Herring Fish Market.
For instance, Gold Star Smoked Fish offers the finest Eastern European specialty foods and exquisite smoked fish crafted using authentic Eastern European methods. Key players operating in Smoked Herring Fish Market include Zila Laguna, TSIALIOS, Gold Star, Empresas AquaChile SA, Faroe Seafood, Findus Group, Hansung Enterprise, Kverva AS, Labeyrie Fine Foods PLC amongst others.
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Government Regulations
According to the E.U. smoked, fish food products need to comply with safety requirements in accordance with Annex 16 as well as with the requirements of technical regulation of the Customs Union 'On Safety of Food Products' (021/2011). Fish food products must be manufactured from water biological resources retrieved (caught) in safe catching areas in accordance with the planned safety monitoring of water biological resources conducted by the authorized bodies of member states and aquaculture sites originating from farms (enterprises) safe from veterinarian point of view. The monitoring data needs to be placed in the information telecommunication network Internet on the official sites of the authorized bodies of member states of the E.U. Fish food products should not contain natural or synthetic hormonal substances or genetically modified organisms. The maximum admissible levels of residue content of veterinarian drugs, animal growth stimulants (including hormonal substances), medicines (including antimicrobial medicines) whose content in food products of aquaculture of the animal origin are controlled on the basis of the information about their usage (except chloramphenicol of the tetracycline group and bacitracin) provided by manufacturer (person authorized by manufacturer, importer), in their circulation on the territory of the Union should not exceed the admissible levels determined
Market Taxonomy
Global smoked herring fish market is segmented as:
By Product Type
- Hot smoke
- Cold smoke
By Distribution Channel
- Specialty Stores
- Hypermarket
- Supermarket
- Convenience Stores
- Online Stores
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