IMARC Group’s report 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. 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.
Factors Affecting the Growth of the COD Industry:
In 2024, the cod market is reeling from a sustainability surge. Consumers are tuning in to the environmental melody of their food choices. They're on the hunt for cod caught responsibly and farmed ethically. This green wave is fueling demand for sustainable cod options, making waves among suppliers and retailers alike. Prioritizing sustainability initiatives has never been more vital. Stricter regulations and certifications keep cod fishing and aquaculture on the right track. Together, these changes are harmonizing market dynamics in a fresh, eco-friendly rhythm.
The cod market in 2024 is experiencing a trend towards value-added products and diversification. Consumers crave more than basic cod fillets. Pre-marinated cuts, fish cakes, and ready meals now satisfy their appetite for convenience. This hunger fuels industry innovation as suppliers craft enticing new offerings. Meanwhile, cod's reach expands beyond dinner plates. Pet food and pharma firms drive market growth, tapping hidden opportunities in surprising sectors. Unconventional industries spark economic expansion, leveraging new potential for profit and innovation. As tastes evolve, so does the humble cod's place in our lives and economy.
The increasing focus on health and wellness in 2024 is positively impacting the cod market. Cod is recognized as a nutritious food source, rich in omega-3 fatty acids, protein, and other essential nutrients. Health-conscious consumers are turning to seafood, with cod emerging as a top pick. Its versatility and nutrition appeal to those seeking wellness through diet. This trend fuels cod's market growth, especially in regions prioritizing healthy eating. As eco-conscious consumers seek ocean-friendly fare, cod swims to the forefront of sustainable seafood choices, captivating mindful shoppers with its rising appeal.
Grab a sample PDF of this report: https://www.imarcgroup.com/cod-market/requestsample
Leading Companies Operating in the Global COD Industry:
