The Haddock Market size was valued at $679.2 million in 2020 and is estimated to reach $ 1,123.4 million by 2030, registering a CAGR of 4.8% from 2021 to 2030. Growth in demand for processed seafood and production of haddock is expected to propel growth of the haddock market during the forecast period. Haddock is one of the favorite fish species and is majorly consumed in the UK and Ireland. It is similar to cod and is majorly found in the North Atlantic Ocean. These fish were commonly fished in Northern Europe and imported as market fresh or frozen.
𝐆𝐫𝐚𝐛 𝐏𝐝𝐟 𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨 @: https://www.alliedmarketresearch.com/request-sample/16219
According to the haddock market analysis, on the basis of type, the fresh segment is estimated to reach $469.6 million by 2030, at a CAGR of 3.8%. The fresh segment has been gaining major traction among consumers, and is expected to sustain its traction throughout the haddock market forecast period. Fresh haddock are not been preserved, cured, or frozen. They are generally sold without any processing. Growth of the market is attributed to increase in awareness of health benefits regarding haddock and change in lifestyle of consumers. Local producers of haddock including Canada sell fresh haddock in the Canada market as haddock losses its nutritional value over time, so it is supposed to be eaten quickly. Thus, above mentioned factors are attributable for the haddock market growth through the fresh segment.
𝐌𝐚𝐣𝐨𝐫 𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:
The players operating in the global market have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Channel Fish Processing, Channel Seafoods International, CTLE Seafood, Inc., Holmes Seafood, Hottlet Frozen Foods, Marz Seafood, Ocean More Foods Co., Limited, Polar Seafood Greenland A/S, Seacore Seafood Inc., and The Fish Company.
𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝗙𝘂𝗹𝗹 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.alliedmarketresearch.com/checkout-final/64aa525133730906d59cb06107d59563
The report notes that the Global Haddock Market is highly competitive, with various vendors offering innovative products and services. In addition, the report highlights the growing popularity, which are expected to play a major role in the growth of the Global Haddock Market.
According to the haddock market opportunities, region wise, Asia-Pacific garnered a second highest share in the haddock market in 2020, and is expected to maintain its share throughout forecast period. China has been gaining major traction for the haddock market, and is expected sustain its traction during the forecast period. China holds highest share in exporting haddock to other countries including the U.S., South Korea, Japan, and other European countries. Rise in middle class population in China, Japan, and other developing countries drives demand for higher-value western seafood such as haddock. Furthermore, growth of frozen and smoked haddock expanded sales channels and a strong preference for environmentally friendly packaged products.
Key Benefits For Stakeholders
- The report provides a quantitative analysis of the current trends, estimations, and dynamics of the market size from 2020–2030 to identify the prevailing opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis and the market size and segmentation assist to determine the prevailing market opportunities.
- The major countries in each region are mapped according to their revenue contribution to the haddock market share.
- The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the haddock industry.
Recirculating Aquaculture Market
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