Global Groundfish Market 2024-2028

Global Groundfish Market 2024-2028

The groundfish market is forecasted to grow by USD 13041 mn during 2023-2028, accelerating at a CAGR of 5.92% during the forecast period. The report on the groundfish market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing awareness about health benefits of groundfish, expansion of retail landscape, and rising demand for processed seafood.

Technavio's groundfish market is segmented as below:

By Application

• Direct retail
• Food processing

By Type

• Alaska pollock
• Blue whiting
• Atlantic cod
• Hake
• Others

By Geographical Landscape

• Europe
• North America
• APAC
• South America
• Middle East and Africa

This study identifies the growth of sustainable fishing practices as one of the prime reasons driving the groundfish market growth during the next few years. Also, growth of online market for groundfish and increasing prominence of private label brands will lead to sizable demand in the market.

The report on the groundfish market covers the following areas:

• Groundfish market sizing
• Groundfish market forecast
• Groundfish market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading groundfish market vendors that include American Seafoods Group LLC, Carsoe Seafood ApS, Clipper Ship Inc., Glacier Fish Co, Global Seafoods North America LLC, High Liner Foods Inc., KARRO FOOD GROUP, LEE FISH, Lenger Seafoods Group, Metro Seafood Ltd., MORE CODFISH COMP., NISBET OYSTER CO INC., Nissui Corp., OM Seafood Co., Pacific Dream Seafood, Pescafresh, Shark Sea Foods Online, Surapon Foods Public Co. Ltd., The Fishin Co., and Trident Seafoods Corp.. Also, the groundfish market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.