COD Market Size, Industry Statistics, Demand, Growth and Business Overview 2024-2032

The latest report by IMARC Group, titled “COD Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the COD (fish) market forecast. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.

The global COD market size reached US$ 10.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032.

COD Market Trends:

The global market is primarily driven by the rising demand for high-protein seafood among health-conscious consumers. In line with this, increasing awareness regarding the nutritional benefits of cod among the masses is facilitating the market growth. Moreover, the accelerating popularity of cod as a versatile ingredient in culinary applications is creating significant opportunities for the market.

Additionally, the expanding distribution networks, including online retail platforms, are augmenting consumer accessibility, thus fueling the market expansion. Furthermore, inflating disposable incomes are enabling more consumers to invest in premium seafood options, which in turn is impacting the market growth. Apart from this, favorable government initiatives promoting seafood consumption as part of a healthy diet is acting as a significant growth-inducing factor for the market. Also, the rising interest in exotic seafood products is broadening the market's appeal.

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The market scope is broadening due to the expanding consumer base driven by shifting dietary preferences toward healthier and more sustainable food options. Apart from this, the global rise in the aquaculture industry is further escalating the market as it ensures a stable and increased supply of cod. As per the market analysis, advancements in cold chain logistics and storage technologies are significantly facilitating the market by maintaining the quality and freshness of products.

Additionally, the integration of digital marketing strategies is augmenting brand awareness, particularly through e-commerce, thereby expanding the market’s consumer outreach. Furthermore, the diversification of the applications of cod in processed food products and ready-to-cook meals are enhancing the product’s market appeal.       

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Aalesundfish AS
• Alliance Seafood AS
• ANDREAS BJØRGE SEAFOOD AS
• Arctic Catch AS
• Iceland Seafood International hf
• Lerøy Seafood Group ASA
• Norebo Holding JSC
• Norges Sjømatråd AS
• Norsk Sjømat AS.

COD Market Segmentation:

Our report has categorized the market based on region, species, source, product type and distribution channel.

Breakup by Species:

• Atlantic Cod Fish
• Pacific Cod Fish
• Greenland Cod Fish
• Others

Breakup by Source:

• Farmed
• Wild Capture

Breakup by Product Type:

• Fresh
• Canned
• Frozen
• Others

Breakup by Distribution Channel:

• Institutional
• Retail
  • Direct Sales
  • Supermarkets and Hypermarkets
  • Online Stores
  • Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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