Growing demand for processed seafood, increase in awareness of health benefits regarding haddock, and rise in production of the haddock.

PORTLAND, OR, US, October 11, 2022 /EINPresswire.com/ -- Haddock is considerably popular among seafood consumers, owing to its high protein, low mercury, and low-calorie content. It is majorly found in North Atlantic Ocean and associated seas. A number of local names are occasionally used for the haddock in different parts of Britain. Local names that have at sometimes been used for haddock include: adag, attac, haddie, luckenar, nockie, peterfish, pipe, poot, pout, rawn, and roan. 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.

𝐐𝐮𝐢𝐜𝐤 𝐁𝐮𝐲: https://www.alliedmarketresearch.com/checkout-final/454d2e2934ab0b960e54f07e0ddbf92a

Outbreak of COVID-19 has adversely impacted the haddock market growth. In addition, owing to COVID-19, production activities were temporarily shut down, which consequently lowered export and import activities. Furthermore, reduced demand from the food services sector has majorly and adversely impacted the haddock market in 2020. As foodservice units in the U.S. and Europe are starting to re-open, demand is expected to improve.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

The haddock market 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.
By type, the smoked segment is estimated to witness the significant growth, registering a CAGR of 7.0% during the forecast period.
In 2020, depending on distribution channel, the food service segment was valued at $125.7 million, accounting for 18.5% of the global haddock market share.
In 2020, the U.S. was the most prominent market in North America, and is projected to reach $208.2 million by 2030, growing at a CAGR of 5.0% during the forecast period.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

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.
The Fish Company

𝐆𝐞𝐭 𝐓𝐡𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-sample/16219

Easy availability of haddock, despite being rarely produced and growing awareness regarding nutritional value and health benefits are expected to propel demand for haddock during the forecast period. For instance, haddock is a significant source of omega-3 fatty acids, which supports heart health. Omega-3 may also have benefits for skin health, preventing conditions such as dermatitis.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

Region wise, the Asia-Pacific Haddock market is expected to witness significant growth at a CAGR of 5.9% during the forecast period. This is majorly attributed to growing demand for ready to eat and cook seafood and rise in disposable income. People have become more aware of newer types of products and offerings, which have raised consumer awareness and understanding.
Owing to increased health concerns about negative consequences of excessive red meat eating, the Asia-Pacific market is expected to see a major increase in demand for smoked and frozen haddock in the future. People in the country are increasingly turning to seafood to meet their protein needs.

𝐓𝐚𝐛𝐥𝐞 𝐎𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭:

𝗖𝗛𝗔𝗣𝗧𝗘𝗥 𝟭:𝗜𝗡𝗧𝗥𝗢𝗗𝗨𝗖𝗧𝗜𝗢𝗡

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models

𝗖𝗛𝗔𝗣𝗧𝗘𝗥 𝟮:𝗘𝗫𝗘𝗖𝗨𝗧𝗜𝗩𝗘 𝗦𝗨𝗠𝗠𝗔𝗥𝗬

2.1.Key findings of the study
2.2.CXO perspective

𝗖𝗛𝗔𝗣𝗧𝗘𝗥 𝟯:𝗠𝗔𝗥𝗞𝗘𝗧 𝗢𝗩𝗘𝗥𝗩𝗜𝗘𝗪

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets

3.3.Value chain analysis
3.4.Porter’s five forces analysis
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Rise in fish production to meet food supply
3.5.1.2.Changes in lifestyle and rise in demand for nutritious diet
3.5.1.3.Technological advancements in the field of fish harvesting/aquaculture

3.5.2.Restraints

3.5.2.1.Rise in the act of animal cruelty in animal farms and slaughterhouses
3.5.2.2.Adoption of veganism
3.5.2.3.Volatility in the prices of haddock

3.5.3.Opportunities

3.5.3.1.Evolution in inland fishing and use of more sustainable technology in haddock fish farming
3.5.3.2.High growth potential in unpenetrated and underpenetrated developing countries

3.6.Market share analysis (2020)

3.6.1.By type
3.6.2.By distribution channel
3.6.3.By region

3.7.Parent market analysis
3.8.Impact of COVID-19 on the haddock market
3.9.Top player positioning

𝗖𝗛𝗔𝗣𝗧𝗘𝗥 𝟰:𝗛𝗔𝗗𝗗𝗢𝗖𝗞 𝗠𝗔𝗥𝗞𝗘𝗧, 𝗕𝗬 𝗧𝗬𝗣𝗘

4.1.Overview

4.1.1.Market size and forecast

4.2.Fresh

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast

4.3.Frozen

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast

4.4.Smoked

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast

𝗙𝗼𝗿 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝗘𝗻𝗾𝘂𝗶𝗿𝘆: https://www.alliedmarketresearch.com/purchase-enquiry/16219

According to the haddock market analysis, on the basis of type, the frozen segment was the highest contributor to the market, with $221.8 million in 2020, and is estimated to reach $362.2 million by 2030, at a CAGR of 4.7% during the forecast period. Frozen haddock are freeze processed, which help in inhibiting bacterial formation in haddock and increase its shelf life. Increase in export and import activities of the frozen haddock from haddock producing countries including Canada, Norway, China, and Ireland are expected to contribute toward growth of the market through the frozen segment. Frozen haddock is majorly chosen category of haddock for export and import, owing to its convenience and longer shelf life.

𝗥𝗲𝗹𝗮𝘁𝗲𝗱 𝗥𝗲𝗽𝗼𝗿𝘁𝘀:

Fruit Puree Market

Grass fed Protein Market

𝗦𝗼𝘂𝗿𝗰𝗲 -https://www.dailyreportsworld.com

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀

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