Global Herring Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Atlantic Herring, Pacific Herring and Others.By End Use;
Household, Commercial.By Cut Type;
Whole, Fillets, Roll Mops, Others.By Application;
Food, Bait, Feed.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Herring Market (USD Million), 2021 - 2031
In the year 2024, the Global Herring Market was valued at USD 193.28 million. The size of this market is expected to increase to USD 213.92 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 1.5%.
The global herring market is a dynamic and essential segment of the seafood industry, known for its significant economic and cultural impact, particularly in regions bordering the North Atlantic and Baltic Seas. Herring, a small, oily fish, has been a staple in the diets of many coastal communities for centuries and remains a crucial resource for food security and employment. The market encompasses a wide range of activities, including harvesting, processing, and distribution, with a notable presence in countries such as Norway, Russia, and Iceland. As a versatile fish, herring is consumed in various forms, from fresh and frozen to pickled and canned, catering to diverse culinary preferences worldwide.
The global herring market has experienced fluctuations due to several factors, including changes in fish stock levels, international trade policies, and environmental concerns. Sustainable fishing practices and regulations have become increasingly important as overfishing and climate change threaten herring populations. Organizations like the International Council for the Exploration of the Sea (ICES) play a pivotal role in monitoring herring stocks and advising on sustainable catch limits. Additionally, technological advancements in fishing and processing have improved efficiency and product quality, further influencing market dynamics.
The market is also shaped by consumer trends and economic conditions. There is a growing demand for healthy, omega-3-rich foods, boosting herring's popularity as a nutritious option. Economic shifts, such as fluctuations in currency exchange rates and trade tariffs, impact export and import activities, affecting market stability and profitability. As the global market continues to evolve, stakeholders, including fishers, processors, retailers, and policymakers, must navigate these challenges and opportunities to ensure the sustainable and profitable future of the herring industry.
Global Herring Market Recent Developments
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In March 2021, hesperidin demand surged as it became a key ingredient in immune-boosting supplements and functional beverages across North America and Europe.
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In September 2024, a pharmaceutical company launched hesperidin-enriched nutraceuticals aimed at improving cardiovascular health, leveraging its antioxidant properties.
Segment Analysis
The market can be segmented by type into Atlantic herring, Pacific herring, and others. Atlantic herring is predominantly found in the North Atlantic Ocean and is a key species for commercial fisheries due to its abundance and versatility in various culinary uses. Pacific herring, native to the Pacific Ocean, is similarly valued for its role in traditional dishes and as a vital resource in the marine food chain. The "others" category includes less commonly harvested species of herring that cater to niche markets or regional preferences.
By end use, the market serves both household and commercial sectors. In households, herring is a popular choice for its affordability, rich flavor, and high nutritional content, including omega-3 fatty acids and essential vitamins. Commercially, herring is widely used in restaurants, food processing industries, and as an essential component in products like canned herring or pickled roll mops, providing consistent demand for bulk procurement.
The market can also be segmented by cut type into whole, fillets, roll mops, and others, as well as by application into food, bait, and feed. Whole herring and fillets are commonly used in cooking and food preparation, while roll mops, a pickled preparation, are especially popular in European cuisines. As bait, herring is essential for fishing industries targeting larger species. For feed applications, herring is processed into fishmeal or oil, providing a high-quality protein source for aquaculture and livestock. This diversity in cuts and applications underscores the wide-ranging importance of herring across culinary, industrial, and ecological domains.
Global Herring Segment Analysis
In this report, the Global Herring Market has been segmented by Type, End Use, Cut Type, Application, and Geography.
Global Herring Market, Segmentation by Type
The Global Herring Market has been segmented by Type into Atlantic Herring, Pacific Herring and Others.
Atlantic Herring (Clupea harengus) is predominantly found in the North Atlantic Ocean and is renowned for its high nutritional value, rich omega-3 fatty acids, and widespread culinary uses. This species is heavily harvested in regions like the North Sea, the Norwegian Sea, and the Gulf of Maine, making it a staple in the diets of many coastal communities. Pacific Herring (Clupea pallasii), another major segment, is native to the North Pacific Ocean, extending from Japan to California. This species is particularly valued in East Asian markets, where it is commonly used in traditional dishes and processed into various products such as roe, dried fish, and canned goods. The Pacific Herring also plays a crucial role in the ecosystem as prey for larger marine animals, supporting the overall health of marine biodiversity in the region. The category in the Global Herring Market encompasses various lesser-known species and regional varieties of herring that do not fall under the Atlantic or Pacific classifications. This segment includes species that might be more localized and less commercially prominent but still contribute to regional economies and cultural cuisines. These herring varieties are often utilized in artisanal and small-scale fisheries, emphasizing the diverse nature of the global herring market and its importance to both large-scale and local fishing industries.
Global Herring Market, Segmentation by End Use
The Global Herring Market has been segmented by End Use into Household, Commercial.
The market can be segmented by end use into household and commercial applications. For households, products cater to everyday consumption, focusing on convenience, affordability, and nutritional benefits. Items such as fresh, frozen, or canned options are commonly purchased for home cooking. With the growing awareness of health benefits, households are increasingly opting for products rich in essential nutrients, such as omega-3 fatty acids, driving steady demand in this segment.
Commercial applications are broader and include restaurants, food processing industries, and institutional use. Restaurants and catering services rely on high-quality products in bulk to prepare a variety of dishes that appeal to diverse customer preferences. Food processing industries further transform raw products into value-added items, such as ready-to-eat meals or specialty foods, targeting specific markets or dietary trends.
The distinction between household and commercial end-use highlights the varying needs of these segments. While households prioritize convenience and nutritional value, the commercial sector focuses on scalability, quality consistency, and cost-effectiveness. This dual-market dynamic ensures widespread adoption and continuous growth across both consumer and business-oriented applications.
Global Herring Market, Segmentation by Cut Type
The Global Herring Market has been segmented by Cut Type into Whole, Fillets, Roll Mops, Others.
The market can be segmented by cut type into whole, fillets, roll mops, and others. Whole cuts are often preferred for their versatility, allowing consumers or businesses to prepare them according to specific recipes or requirements. These are commonly used in traditional dishes or sold fresh or frozen to maintain their natural texture and flavor. Whole cuts are particularly popular in regions where fish is a dietary staple and where local preparation methods are emphasized.
Fillets are a convenient option for both households and commercial establishments, offering a ready-to-cook format with minimal preparation time. Fillets are widely used in restaurants, catering, and packaged food products due to their consistent quality and ease of handling. They are suitable for frying, grilling, or baking, making them a versatile choice in the food industry. The demand for fillets is also driven by health-conscious consumers looking for lean protein options.
Roll mops, a traditional pickled preparation, are a specialty product primarily consumed in European markets. They are often served as appetizers or snacks, valued for their distinct flavor and long shelf life. The "others" category includes less common preparations, such as smoked, cured, or marinated cuts, catering to niche markets or specific culinary preferences. This segmentation reflects the diverse ways in which cut types are utilized across global cuisines and industries, offering options that meet both traditional and modern consumer needs.
Global Herring Market, Segmentation by Application
The Global Herring Market has been segmented by Application into Food, Bait, Feed.
The market can be segmented by application into food, bait, and feed. Food applications dominate the market, with products being consumed fresh, frozen, canned, or processed into value-added items such as pickled or smoked delicacies. These products are widely popular in household kitchens and restaurants due to their flavor, nutritional benefits, and versatility in various cuisines. Herring, for instance, is used in traditional dishes across Europe and Asia, driving consistent demand in this segment.
Bait applications are essential for the fishing industry, where herring and other similar products are widely used to attract larger fish species. This includes commercial fishing operations targeting tuna, salmon, or other high-value species. The effectiveness of these products as bait ensures their critical role in maintaining the supply chain for fisheries and supporting the global seafood market.
Feed applications utilize herring and other fish products in the production of fishmeal and fish oil, which are key components in aquaculture and livestock feed. These products provide a high-quality protein source that supports the growth and health of farmed fish and other animals. This segment plays a vital role in sustainable food production systems, reflecting the importance of these applications in supporting both human consumption and agricultural industries.
Global Herring Market, Segmentation by Geography
In this report, the Global Herring Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Herring Market Share (%), by Geographical Region, 2024
Europe remained the dominant region, holding approximately 45% of the global market share. This prominence is largely attributed to high consumption rates in countries like Germany, the Netherlands, and Scandinavia, where herring is a staple food. The robust fishing industries in countries like Norway and Iceland, coupled with their advanced processing and export capabilities, further solidify Europe's leading position in the market.
Asia followed as the second-largest market for herring, capturing around 30% of the global share. The rising demand in countries such as Japan, China, and South Korea drives this market segment. In Japan, herring (known as nishin) is a traditional food item, often used in various culinary applications. China's growing middle class and increasing appetite for seafood have also contributed to the market's expansion in the region. Additionally, several Asian countries have increased their herring imports to meet the domestic demand, compensating for their lower production capabilities.
North America accounted for approximately 15% of the global herring market share in 2023. The United States and Canada are the primary contributors to this share, with both countries having substantial fishing industries and consumer markets. Herring is popular in certain ethnic communities within North America, such as Scandinavian and Eastern European descendants, who maintain traditional dietary practices. Despite a smaller market share compared to Europe and Asia, the region shows steady demand supported by consistent consumption patterns and a well-established fishing sector. The remaining 10% of the market is distributed among other regions, including South America, Africa, and Oceania, where herring consumption and production are less significant.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Herring Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Rising Health Awareness
- Increasing Demand for Seafood
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Technological Advancements in Fishing - Technological advancements in the global herring market have revolutionized the fishing industry, enhancing efficiency and sustainability. Innovations such as advanced sonar systems and GPS technology have significantly improved the accuracy of fish locating, allowing fishermen to target schools of herring more precisely. This not only increases catch rates but also reduces the time and fuel spent at sea, contributing to a more cost-effective and environmentally friendly fishing process.
The integration of data analytics and AI has further transformed the herring market. By analyzing vast amounts of data from oceanographic conditions, migration patterns, and historical catch records, AI-powered systems can predict herring movements with remarkable accuracy. This predictive capability helps in better planning of fishing expeditions, minimizing the environmental impact by avoiding overfishing and ensuring the sustainability of herring populations. Additionally, these technologies assist in monitoring and enforcing fishing regulations, promoting responsible fishing practices.
Automation and improved processing technologies have also played a crucial role in the herring industry. Modern processing facilities equipped with automated sorting, filleting, and packaging machines have increased the speed and efficiency of herring production. This reduces labor costs and enhances product quality by minimizing human error and contamination. Overall, these technological advancements have made the global herring market more competitive, sustainable, and capable of meeting the growing demand for seafood products.
Restraints
- Overfishing Concerns
- Regulatory Challenges
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Fluctuating Raw Material Prices - The global herring market has been significantly impacted by fluctuating raw material prices, driven by a confluence of factors including changing ocean temperatures, overfishing, and regulatory changes. Herring, a crucial species for both human consumption and fishmeal production, faces volatility due to its sensitivity to environmental conditions and fishing practices. Climate change has altered ocean currents and temperatures, affecting herring migration patterns and spawning cycles, thereby influencing their availability and, subsequently, the market prices.
Overfishing and stringent regulatory frameworks have also played pivotal roles in the fluctuating prices of herring. Overfishing depletes herring populations, leading to scarcity and driving up costs. In response, regulatory bodies have imposed quotas and fishing restrictions to ensure sustainable practices. While these measures aim to preserve herring stocks, they also contribute to price volatility by limiting supply. The balance between conservation efforts and market demands remains delicate, as any regulatory adjustment can cause significant shifts in raw material costs.
Geopolitical tensions and economic factors such as fuel prices, labor costs, and trade policies further exacerbate the instability of herring prices. For instance, increased fuel prices raise the cost of fishing operations, which is then passed down the supply chain, affecting the final market price of herring. Additionally, labor shortages and varying trade policies across different regions can disrupt the supply chain, creating inconsistencies in pricing. As the global market continues to navigate these challenges, stakeholders must adapt to the dynamic landscape of raw material prices to maintain market stability and sustainability.
Opportunities
- Expansion into Emerging Markets
- Development of Sustainable Fishing Practices
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Innovations in Product Development - The global herring market is experiencing significant growth, driven by innovations in product development. Manufacturers are increasingly focusing on diversifying herring products to meet evolving consumer preferences for convenience, health benefits, and sustainability. Ready-to-eat herring products, including salads, fillets, and smoked varieties, are gaining popularity due to their ease of consumption and nutritional value. Additionally, there's a growing trend towards creating value-added products, such as herring-based snacks and spreads, which cater to the busy lifestyles of modern consumers.
Technological advancements in processing and packaging are playing a crucial role in this market evolution. Innovations such as vacuum-sealing, flash freezing, and modified atmosphere packaging have improved the shelf life and quality of herring products, making them more appealing to a global audience. These technologies not only ensure the freshness and safety of the products but also help in retaining their nutritional content. Moreover, sustainable fishing practices and traceability initiatives are becoming integral to product development, addressing consumer concerns about environmental impact and ethical sourcing.
The health benefits of herring, rich in omega-3 fatty acids, vitamins, and minerals, are being leveraged in marketing strategies to attract health-conscious consumers. This focus on the nutritional advantages of herring is also driving the development of functional food products that offer additional health benefits. Collaborations between food scientists and nutritionists are leading to the creation of herring products fortified with probiotics, antioxidants, and other beneficial compounds. As a result, the herring market is not only expanding but also evolving to meet the diverse needs and preferences of consumers worldwide.
Competitive Landscape Analysis
Key players in Global Herring Market include :
- Royal Greenland A/S
- Maruha Nichiro Corporation
- Norebo Holding
- Russian Fishery Company
- Iceland Seafood International
- Ocean Trawlers
- Leroy Seafood Group
- Thai Union Group PCL
- HB Grandi
- Group Scheveningen International (GSI)
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By End Use
- Market Snapshot, By Cut Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Herring Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rising Health Awareness
- Increasing Demand for Seafood
- Technological Advancements in Fishing
- Restraints
- Overfishing Concerns
- Regulatory Challenges
- Fluctuating Raw Material Prices
- Opportunities
- Expansion into Emerging Markets
- Development of Sustainable Fishing Practices
- Innovations in Product Development
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Herring Market, By Type, 2021 - 2031 (USD Million)
- Atlantic Herring
- Pacific Herring
- Others
- Global Herring Market, By End Use, 2021 - 2031 (USD Million)
- Household
- Commercial
- Global Herring Market, By Cut Type, 2021 - 2031 (USD Million)
- Whole
- Fillets
- Roll Mops
- Others
- Global Herring Market, By Application, 2021 - 2031 (USD Million)
- Food
- Bait
- Feed
- Global Herring Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Herring Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Royal Greenland A/S
- Maruha Nichiro Corporation
- Norebo Holding
- Russian Fishery Company
- Iceland Seafood International
- Ocean Trawlers
- Leroy Seafood Group
- Thai Union Group PCL
- HB Grandi
- Group Scheveningen International (GSI)
- Company Profiles
- Analyst Views
- Future Outlook of the Market