The meaty texture, mild flavor, and blistering white flesh of the cod fish make it a popular food. Cod liver oil is made from cod fish livers in the food processing industry. Vitamin A, vitamin E, vitamin D, vitamins B-12, phosphorus, protein, omega-3 fatty acids, and niacin are all found in it. Furthermore, there are two main types of cod fish: Atlantic cod fish and Pacific cod fish.
In comparison to the Pacific cod fish, the Atlantic cod fish is larger (standard size “100 cm). In a spawning season, a one-meter long female cod fish can produce approximately three million eggs, while a 1.3-meter long cod fish can produce approximately nine million eggs.
Market Dynamics for Cod Fish Around the World
The global cod fish market is primarily driven by key factors such as significantly increasing consumer demand for seafood over the forecast period. Over the forecast period, macroeconomic factors such as rising per capita income, rising global fish production volume, and developing countries such as Indonesia, China, India, and Thailand will drive demand for global cod fish. Furthermore, during the forecast period, rapid growth in the fisheries industry will fuel the overall growth of the global cod fish market by allowing it to produce high volumes in order to meet demand across the globe.
Furthermore, rising consumer concern about eating healthy foods in everyday life, as well as a high preference for fish oil in the bodybuilding industry, will aid the global cod fish market in increasing its overall market value over the forecast period. During the forecast period, the global cod fish market will grow due to an increase in the number of restaurants, hotels, and resorts, as well as an increase in the number of people who prefer to spend their vacations at beaches.
One of the key driving factors of the global cod fish market over the forecast period is robust growth in online food delivery businesses around the world. Over the forecast period, key restraints such as high shipment costs and strict government regulations for limited production may stymie the global cod fish market.
Regional Overview of the Global Cod Fish Market
North America, Latin America, Europe, CIS & Russia, Japan, APEJ (Asia Pacific excluding Japan), and MEA are the seven regions that make up the global cod fish market (the Middle East and Africa). Because of the high production of cod fish in the region, North America has the largest market share in the global cod fish market among the regions mentioned above. The United Kingdom is one of the key countries in Europe where cod fish is very popular due to its health benefits. Besides, with growing number of tourist in Thailand, Indonesia, and Australia along with an increasing preference for seafood among consumers, APEJ is projected to witness stimulus growth in the global cod fish market.