According to Future Market Insights (FMI), the global Cod Fish market, valued at USD 1,678.9 million in 2023, is projected to reach USD 3,241.4 million by 2033. Over the next decade, demand for Cod Fish is expected to grow at a compound annual growth rate (CAGR) of 6.8%.
Cod fish is a versatile ingredient used in various food products and processing due to its high protein content and low levels of fat and carbohydrates. It is commonly featured in fish fillets, fish entrees, and finger foods. Additionally, cod fish is processed into cod liver oil, which is rich in vitamins A and D, as well as omega-3 fatty acids, offering numerous health benefits. Research indicates that cod liver oil supplements can help prevent heart attacks and enhance cardiovascular health.
Codfish is a high-protein, lean option often used as a meat substitute for protein. Atlantic cod are typically larger, weighing around 5-10 kg, while Pacific cod are smaller, averaging 2-6 kg. Due to their size, Atlantic cod are usually sold in bulk to large restaurant chains and food processing industries, whereas Pacific cod are more commonly sold in smaller quantities directly to consumers at the retail level.
Key Takeaways from the Cod Fish Report:
- The global Cod Fish market is expected to reach a valuation of USD 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. Cod Fish Market is projected to hold a dominant value share of 38.9% globally by 2033.
- The United States Cod Fish market is projected to reach a valuation of USD 1,260.9 million by 2033
- Japan’s Cod Fish Market is expected to register a CAGR of 4.0% over the forecast period and is expected to reach a market valuation of USD 307.9 Million
Competitive Landscape
The competitive landscape of the Cod Fish market is dynamic and continually changing, driven by increasing demand for sustainable and cost-effective feed options. Key factors affecting market competitiveness include availability, cost, nutritional value, market acceptance, and regulatory considerations.
Key Companies Profiled
- Ice fish AS
- Norway Royal Salmon ASA
- Alliance Seafood AS
- Andenesfisk AS
- American Seafood Group
- Norges Sjomatrad AS
- Leory Seafood AS
- Norsk Sjomat AS
- A.R.C. Hasson Trading
- Aalesundfisk As
Get Connected with Our Expert Analyst on Email: sales@futuremarketinsights.com
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
About Future Market Insights (FMI)
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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Website: https://www.futuremarketinsights.com
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