Global COD Market to Grow at 4.22% During 2025-2033, Impelled by Rising Consumption of Seafood

December 03, 2024 | Food & Beverages

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According to the latest report by IMARC Group, titled "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 2025-2033," the global COD market size reached USD 11.4 Billion in 2024. Cod fish, commonly known as COD, is a cold-water fish that generally belongs to the Gadidae family. It is dark-spotted with two anal fins, three dorsal fins and a chin barbel. It is a voracious migratory fish that feeds largely on various invertebrates and other fishes. Commonly found near the sea bottom, ranging from deep waters to inshore regions, COD is popular for its edible flesh and liver oil. It is popular in various cuisines across the globe, wherein it is widely prepared by grilling, frying, broiling, baking and steaming. It contains numerous essential nutrients, including minerals, vitamins and healthy fats, that are beneficial for the healthy development of the consumers.

Global COD Market Trends:

The global market is primarily driven by the rising consumption of seafood among the masses. This can be attributed to the growing health consciousness and the increasing preference for leading a healthy lifestyle among individuals. In line with this, the shifting preference toward protein-rich diet due to the changing dietary patterns of the masses is creating a positive market outlook. Along with this, significant growth in the food and beverage sector, coupled with the proliferation of quick service restaurants (QSRs) and food joints, is providing a boost to the sales of COD fish across the globe. Moreover, numerous leading players are heavily investing in launching frozen variants of COD fishes, thus creating lucrative growth opportunities in the market. Other factors, including the easy product availability via online and offline organized retail channels, the advent of home delivery models and the development of aggressive marketing strategies and promotional campaigns, are also positively influencing the market growth. Looking forward, IMARC Group expects the market to reach USD 16.5 Billion by 2033, exhibiting a growth rate (CAGR) of 4.22% during 2025-2033.

Market Summary:

On the basis of species, the market has been segmented into Atlantic, Pacific, Greenland and other cod fish.
Based on the source, the market has been segregated into farmed and wild capture.
On the basis of the product type, the market has been categorized into fresh, canned, frozen and others.
Based on the distribution channel, the market has been classified into institutional and retail (direct sales, supermarkets and hypermarkets, online stores and others).
On the basis of the consuming region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, South Korea, Japan and others), Europe (Portugal, the United Kingdom, Germany, Sweden, Spain, France and others), Latin America (Brazil, Chile and others) and the Middle East and Africa (the UAE, Saudi Arabia and others).
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players 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.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD, Million Tons
Segment Coverage	Species, Source, Product Type, Distribution Channel, 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
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)

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Global COD Market to Grow at 4.22% During 2025-2033, Impelled by Rising Consumption of Seafood

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