COD Market Report by Species (Atlantic Cod Fish, Pacific Cod Fish, Greenland Cod Fish, and Others), Source (Farmed, Wild Capture), Product Type (Fresh, Canned, Frozen, and Others), Distribution Channel (Institutional, Retail), and Region 2024-2032

COD Market Report by Species (Atlantic Cod Fish, Pacific Cod Fish, Greenland Cod Fish, and Others), Source (Farmed, Wild Capture), Product Type (Fresh, Canned, Frozen, and Others), Distribution Channel (Institutional, Retail), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A4555
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Market Overview:

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.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 10.9 Billion
Market Forecast in 2032
US$ 16.2 Billion
Market Growth Rate 2024-2032 4.4%


Cod fish, commonly known as Cod, refers to a dark-spotted fish belonging to the Gadidae family. Some of the common variants of Cod include Atlantic cod fish, Pacific cod fish, Greenland cod fish, etc. Cod fish acts as a rich source of essential nutrients, such as vitamin A, vitamin B-12, vitamin D, vitamin E, protein, niacin, omega-3 fatty acids, phosphorus, etc. As a result, it helps in lowering blood cholesterol, boosting immunity, controlling blood pressure, reducing the risk of cardiovascular ailments, improving brain functioning, etc.

The rising consumer consciousness towards maintaining proper health and wellness is currently propelling the demand for cod liver oil, thereby augmenting the market growth. Moreover, the changing consumer preferences from high-calorie food items towards a protein-rich diet are also driving the consumption of cod fish. In line with this, the high prevalence of numerous lifestyle diseases, such as hypertension, obesity, arthritis, etc., is further catalyzing the product demand across the globe. Additionally, the hectic work schedules and sedentary lifestyles of the consumers are augmenting the need for processed, canned, and chilled cod fish with prolonged shelf life and easy storage benefits. Apart from this, the extensive utilization of cod liver oil in the pharmaceutical industry due to the presence of numerous bioactive ingredients, including Eicosapentaenoic Acid (EPA) and Docosahexaenoic Acid (DHA), is also fueling the market growth. Moreover, the expanding non-food applications of cod liver oil in manufacturing skin nourishment creams, gels, lotions, etc., are further bolstering the demand for cod fish. Besides this, the introduction of various innovative aquaculture practices for enhancing productivity and controlling disease outbreaks in cod fish species is positively influencing the global market. In the coming years, the emergence of organic product variants due to the growing incidences of foodborne illnesses caused by pathogens present in conventionally cultured cod fish will continue to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global COD market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on 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 Consuming Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • South Korea
    • Japan
    • Others
  • Europe
    • Portugal
    • United Kingdom
    • Germany
    • Sweden
    • Spain
    • France
    • Others
  • Latin America
    • Brazil
    • Chile
    • Others
  • Middle East and Africa
    • UAE
    • Saudi Arabia
    • Others
       

Competitive Landscape:

The competitive landscape of the industry has also been examined 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 and Norsk Sjømat AS.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion, Million Tons
Segment Coverage Species, Source, Product Type, Distribution Channel, Consuming Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Portugal, Spain, Sweden, China, Japan, South Korea, Brazil, Chile, UAE, Saudi Arabia
Companies Covered 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 and Norsk Sjømat AS
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global COD market was valued at US$ 10.9 Billion in 2023.

We expect the global COD market to exhibit a CAGR of 4.4% during 2024-2032.

The rising adoption of a protein-rich diet by individuals, along with the increasing demand for cod fish, as it aids in lowering cholesterol levels, boosting immunity, controlling blood pressure, improving brain functioning, etc., is primarily driving the global COD market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of COD.

Based on the species, the global COD market has been divided into Atlantic cod fish, Pacific cod fish, Greenland cod fish, and others. Among these, Atlantic cod fish currently exhibits a clear dominance in the market.

Based on the source, the global COD market can be categorized into farmed and wild capture. Currently, wild capture accounts for the majority of the global market share.

Based on the product type, the global COD market has been segregated into fresh, canned, frozen, and others. Among these, frozen currently exhibits a clear dominance in the market.

Based on the distribution channel, the global COD market can be bifurcated into institutional and retail. Currently, institutional holds the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global COD market include 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, and Norsk Sjømat AS.

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COD Market Report by Species (Atlantic Cod Fish, Pacific Cod Fish, Greenland Cod Fish, and Others), Source (Farmed, Wild Capture), Product Type (Fresh, Canned, Frozen, and Others), Distribution Channel (Institutional, Retail), and Region 2024-2032
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