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).
Report ID: Rn912022038 Published Date: March, 2025 Updated Date: April, 2025

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By End Use
    3. Market Snapshot, By Cut Type
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Global Herring Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Health Awareness
        2. Increasing Demand for Seafood
        3. Technological Advancements in Fishing
      2. Restraints
        1. Overfishing Concerns
        2. Regulatory Challenges
        3. Fluctuating Raw Material Prices
      3. Opportunities
        1. Expansion into Emerging Markets
        2. Development of Sustainable Fishing Practices
        3. Innovations in Product Development
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Herring Market, By Type, 2021 - 2031 (USD Million)
      1. Atlantic Herring
      2. Pacific Herring
      3. Others
    2. Global Herring Market, By End Use, 2021 - 2031 (USD Million)
      1. Household
      2. Commercial
    3. Global Herring Market, By Cut Type, 2021 - 2031 (USD Million)
      1. Whole
      2. Fillets
      3. Roll Mops
      4. Others
    4. Global Herring Market, By Application, 2021 - 2031 (USD Million)
      1. Food
      2. Bait
      3. Feed
    5. Global Herring Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Royal Greenland A/S
      2. Maruha Nichiro Corporation
      3. Norebo Holding
      4. Russian Fishery Company
      5. Iceland Seafood International
      6. Ocean Trawlers
      7. Leroy Seafood Group
      8. Thai Union Group PCL
      9. HB Grandi
      10. Group Scheveningen International (GSI)
  7. Analyst Views
  8. Future Outlook of the Market