Herring Market Challenges Food, Beverage & Tobacco,Food Products, Meats Sector For The New Entrants 2019-2023
The Herring Market in Europe, Asia Pacific, North America, Middle East, and Africa, Latin America and China appear to be highly fragmented due to the presence of several international, regional, and local vendors. Herring providers compete intensely in terms of price, quality, regulatory compliance, and innovation. To attain a competitive advantage over the other players, the vendors are focusing on technological innovations and RandD investments. The high growth potential of the market encourages the entry of several start-ups and adoption of inorganic strategies and this will, in turn, impact the performance of the vendors in the Food, Beverage and Tobacco,Food Products, Meats Sector.
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Global Herring Market: About this market
Herring belongs to the small pelagic fish species. Researchers herring market analysis considers sales from Atlantic herring, Pacific herring, and others. Our analysis also considers the sales of herring in APAC, Europe, MEA, North America, and South America. In 2018, the Atlantic herring segment had a significant market share, and this trend is expected to continue over the forecast period. Atlantic herrings are found across North Atlantic water bodies such as the Gulf of Maine, the Gulf of St. Lawrence, the Bay of Fundy, the Labrador Sea, the Davis Strait, the Beaufort Sea, and the English Channel. Such factors will play a significant role in the Atlantic herring segment to maintain its market position. Also, our global herring market report also looks at factors such as rising demand for low-value fishes in developing countries, increasing demand for fishmeal and fish oil, and growing demand for processed fish. However, price fluctuations in the global herring market, environmental challenges faced by global herring market, rising product recalls may hamper the growth of the herring industry over the forecast period.
HerringMarket 2019 Trend, Challengeand Driver: –
Global Herring Market: Overview
- Growing demand for processed fish
- Globally, the demand for processed fish is increasing because of two main reasons such as to reduce the post-harvest loss/wastage owing to high perishability of fish and to increase the availability of fish in non-coastal areas. 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. Besides, the fish processing market is expected to reduce the loss/waste due to spoilage and allow widespread distribution of fish varieties across the globe through the export of processed fish. This demand for processed fish will lead to the expansion of the global herring market at a CAGR of almost 2% during the forecast period.
- Increasing adoption of sustainable fishing approaches
- Globally, the fishing industry is adopting sustainable approaches to deal with food security and climate change issues. Socially responsible fish value chain participants such as governments, policymakers, industry associations, and regulatory bodies are working together to achieve sustainable development of the fishery industry. Different sustainable approaches have been adopted by the fishery industry, especially for small pelagic fish such as herring, anchovy, and sardines. This development is expected to have a positive impact on the overall market growth.
- For the detailed list of factors that will drive the global herring market during the forecast period 2019-2023, click here.
- With the presence of several major players, the global herring market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading herring manufacturers, that include Barry Group Inc., Cornelis Vrolijk, Iceland Seafood International hf, Maruha Nichiro Corp., and Nergård AS.
- Also, the herring market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
- North America(UnitedStates, Canada, andMexico)
- Europe(Germany, France, UK, Russia, andItaly)
- Asia-Pacific(China, Japan, Korea, India, andSoutheast Asia)
- South America(Brazil, Argentina, Colombia)
- The MiddleEast and Africa(Saudi Arabia, UAE, Egypt, Nigeria, andSouth Africa)
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List Of Key vendorsoperating in 2019 Herring market space are
Barry Group Inc., Cornelis Vrolijk, Iceland Seafood International hf, Maruha Nichiro Corp., and Nergård AS.
Consumer Landscape: –
The key to any successful business is understanding the new demands of the customers and keeping a close watch on the changing model of the client base. The more you engage with your client base, the clearer you are about the most productive ways in which to hook your ideal customer. Predicting what your customers want, even before they themselves know about it, is the first step to profitable innovation.
This Herring market 2019 research is a result of: –
- Qualitative analysis: -Herring Market drivers, 2019 Market challenges, Market trends, Five forces analysis.
- Quantitative analysis: -Herring Market size and forecast, 2019 Market segmentation, Geographical insights, Competitive landscape.
- Primary research: – Herring Industry journals and periodicals, Government bodies, Annual reports of key stakeholders.
- Secondary research: -Herring Manufacturers/suppliers, Channel partners, Industry experts, Strategic decision makers.
- Data synthesis:- Collation of data, Estimation of key figures, Analysis of derived insights.
- Data validation:- Triangulation with data models, Reference against proprietary, databases, Corroboration with industry experts.
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Table of Contents included in Herring Market 2019 Report –
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Base year
- Forecast period
- Market coverage
- Market size calculation
- Geographical segmentation
- Vendor segmentation
PART 03: Research Methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
PART 06: Market segmentation by end-user industry
PART 07: Market segmentation by application
PART 08: Geographical Segmentation
PART 09: A Decision framework
PART 10: Impact of drivers and challengesAnd Many More Parts Covered.
Name: Mr. Ajay More
Email: [email protected]
Organization: 360 Market Updates
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