Industry Background:
Codfish is the demersal fish genus Gadus which belongs to the family of Gadidae, it is a nutritional and flavorful fish that consists of vitamins, proteins, and minerals. However, it has low amount of omega-3 than any other fish species. It is either wild captured and farmed and is of various types namely Atlantic codfish, pacific codfish, Greenland codfish, etc. It is available on the market in frozen, fresh, and canned packaging.This growth is primarily driven by Demand for Low-fat Source of Protein and Nutrition Rich Seafood Products and Increasing Consumption of Seafood Among People.
Globally, a noticeable market trend is evident Emerging Variety of Cod Fish Range in the Market. Major Vendors, such as True North Seafood (Canada), Angulas Aguinaga (Spain), Leroy Seafood Group ASA (Norway), Ice Fish AS (Norway), Aalesundfisk AS (Norway), Alliance Seafood AS (Norway) and Arctic Catch (Norway) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 15th March 2021, Angulas Aguinaga acquires cod and salmon supplier Copesco & Sefrisa. Expansion reports that Angulas Aguinaga, owner of brands such as La Gula del Norte, Krissia, and Aguinamar, has announced the acquisition of Copesco & Sefrisa. The Barcelona-based salmon and cod products company sells the brands Royal and Summumm. The deal is part of surimi maker Angulas Aguinaga’s strategic plan to double turnover to EUR 450 million in the next five years.
On 27th October 2020, True North Seafood, the processing division and flagship brand of Blacks Harbour, New Brunswick, Canada-based Cooke Inc., has acquired the business of Mariner Seafood, a seafood processor headquartered in New Bedford, Massachusetts, U.S.A.
Market Drivers
- Demand for Low-fat Source of Protein and Nutrition Rich Seafood Products
- Increasing Consumption of Seafood Among People
Market Trend
- Emerging Variety of Cod Fish Range in the Market
Restraints
- Allergy and Side Effects Related Risk Associated consumption of Cod Fish
Opportunities
Availability of Cod Fish in Online Market in Various Packaging Types and Increasing Demand for Cod Fish Among European Countries
Challenges
Stringent regulatory Guidelines on the Export and Import of Cod Fish
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cod Fish Study Sheds Light on
— The Cod Fish Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Cod Fish industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Cod Fish industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.