| Product Code: ETC387026 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Malaysia Mackerel market currently, in 2023, has witnessed an HHI of 3318, Which has increased slightly as compared to the HHI of 3170 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The mackerel market in Malaysia is a prominent segment within the frozen fish industry. Mackerel is known for its affordability and nutritional value, making it a popular choice among consumers. Its availability in frozen form ensures year-round access to this seafood. The market`s outlook remains positive due to mackerel`s widespread appeal and its contribution to the broader frozen fish and seafood market.
The mackerel market in Malaysia is poised for continued growth, driven by several factors. Mackerel is a popular and affordable fish species in Malaysia cuisine, making it a staple in many households. The demand for mackerel is further boosted by its availability in various forms, including fresh, frozen, and canned. Consumers appreciate mackerel for its nutritional value, particularly as a source of omega-3 fatty acids. Government initiatives to promote sustainable fishing practices also contribute to a steady supply. As Malaysia continue to prioritize affordable and nutritious food options, the mackerel market is expected to thrive.
The mackerel market in Malaysia is expected to remain robust, as mackerel is a staple in the country`s seafood consumption patterns. The affordability and versatility of mackerel make it a popular choice among consumers. Additionally, its availability year-round contributes to its consistent demand. Challenges related to sustainable sourcing and potential fluctuations in global mackerel stocks may impact market dynamics. Industry players will need to focus on responsible fishing practices and supply chain management.
The mackerel market in Malaysia experienced both surges and setbacks during the COVID-19 pandemic. Initially, there was increased demand for frozen mackerel as consumers sought long-lasting and convenient food options. However, supply chain disruptions, including logistical challenges and labor shortages, impacted the availability of mackerel in the market, leading to price fluctuations. As the pandemic continued, economic uncertainties influenced consumer behavior, with some opting for more budget-friendly alternatives. To thrive in the post-pandemic era, businesses in the mackerel market should prioritize supply chain resilience, explore online sales channels, and adapt to evolving consumer preferences.
Apart from the frozen mackerel market, fresh mackerel is also popular in Malaysia. Companies like Mackerel Malaysia and Mackerel Fresh are likely to maintain their strong market positions by ensuring a consistent supply of quality mackerel products to meet local demand.