Cod Fish Market Forecast: Achieving US$ 3,241.4 Million in 2033 with a Robust CAGR of 6.8%

According to Future Market Insights (FMI), the worldwide Cod Fish market is valued at US$ 1,678.9 million in 2023 and it is anticipated to reach US$ 3,241.4 million by 2033. Over the next decade, global Cod Fish demand is likely to increase at a CAGR of 6.8%.

Due to its high protein content and low fat and carbohydrate content, cod fish is utilised in many food products as well as food processing, making it a perfect fish to use in fish fillets, fish dinners, and fish finger snacks. Additionally, cod fish is used in the production of cod liver oil, which is high in omega-3 fatty acids, vitamin A, and vitamin D and has a variety of health benefits. According to studies, taking supplements containing cod liver oil can help avoid heart attacks and enhance cardiovascular health.

Because of its high protein content, codfish is regarded as a lean protein. It functions well as a substitute for protein-rich meat items. Cod from the Pacific are smaller and weigh between 2 and 6 kg, whereas cod from the Atlantic are typically larger and weigh between 5 and 10 kg. Because of this, Pacific cods are typically sold directly to consumers in lesser amounts and at the retail level while Atlantic cods are typically sold in bulk to large restaurant chains and the food processing industry.

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-Key Takeaways from the Cod Fish Report:

· The global Cod Fish market is expected to reach a valuation of US$ 3,241.4 million by 2033.

· Global demand for Cod Fish is likely to soar at 6.8% CAGR over the forecast period.

· U.S. is projected to hold a dominant value share of 38.9% in the global market by 2033.

· The United States Cod Fish market is projected to reach a valuation of US$ 1,260.9 million by 2033

· Japan is expected to register a CAGR of 4.0% over the forecast period and is expected to reach a market valuation of US$ 307.9 Mn

-Who is Winning?

Ice fish AS, Norway Royal Salmon ASA, Alliance Seafood AS, Andenesfisk AS, American Seafood Group, Norges Sjomatrad AS, Leroy Seafood AS, Norsk Sjomat AS, A.R.C. Hasson Trading, Aalesundfisk AS are key Cod Fish manufacturers listed in the report.

These companies are concentrating on expanding their portfolios by launching new products. They also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market. For instance,

• 2023: Schouten Europe, launched plant-based fish fillets which are made up of wheat and rice and are intended to replicate the taste and texture of whitefish 'cod'

• 2023: Loki Foods, Loki Foods has released a statement in a press conference that they aim to make a 'cod fish' alternative with the help of plant-based sources that mimic the texture, content, and taste of actual cod fish

• 2022: Young's Seafood, launched two-garlic themed products, Scottish Mussels in White Wine and Creamy Garlic Sauce and Creamy Garlic Topped Cod Fillets in the United Kingdom. The Cod fillets are also available on e-commerce platforms like Tesco.

-Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global Cod Fish market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the Cod Fish market based on product type (Atlantic Cod Fish, Pacific Cod Fish, Greenland Cod Fish, and Others), Source (Farmed, Wild Captured), End Product (Fresh, Canned, Frozen), and Sales Channel (Direct Sales, Indirect Sales) across various regions.

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https://www.futuremarketinsights.com/reports/cod-fish-market

-Cod Fish Market by Category

-By Product Type:
Atlantic Cod Fish
Pacific Cod Fish
Greenland Cod Fish
Others

-By Source:
Farmed
Wild Captured

-By End Product:
Fresh
Canned
Frozen

-By Sales Channel:
Direct Sales
Indirect Sales

-By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.