According to IMARC Group latest report titled” COD Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. Looking forward, IMARC Group expects the cod fish market to grow at a CAGR of around 5% during 2021-2026. COD fish, also known as COD, is a dark-spotted fish belonging to the Gadidae family. Some of its common variants include Pacific COD fish, Atlantic COD fish, Greenland COD fish, etc. COD is a rich source of essential nutrients, such as phosphorus, vitamin A, vitamin B-12, vitamin D, vitamin E, protein, niacin, omega-3 fatty acids, etc. Owing to this, it aids in lowering blood cholesterol, controlling blood pressure, boosting immunity, reducing the risks of cardiovascular ailments, improving brain functions, etc.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The growing awareness regarding the importance of maintaining proper health and wellness is propelling the demand for COD liver oil, which is primarily driving the COD market. Moreover, the shifting consumer preferences from high-calorie food items towards protein-rich diets are further catalyzing the market growth. In line with this, the escalating prevalence of several lifestyle diseases, including hypertension, arthritis, obesity, etc., is acting as another significant growth-inducing factor. Additionally, the hectic work schedules and sedentary lifestyles of individuals are increasing the demand for processed, canned, and chilled COD fish variants, owing to their prolonged shelf life and easy storage benefits. This, in turn, is augmenting the global market. Apart from this, the rising utilization of COD liver oil in the pharmaceutical industry, on account of the presence of numerous bioactive ingredients, such as Eicosapentaenoic Acid (EPA) and Docosahexaenoic Acid (DHA), is expected to bolster the COD market in the coming years.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- 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
Breakup by Source:
- Wild Capture
Breakup by Product Type:
Breakup by Distribution Channel:
- Direct Sales
- Supermarkets and Hypermarkets
- Online Stores
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 (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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