The Europe Haddock Market would witness market growth of 4.2% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 1,63,715.91 tonnes, showcasing a growth of 18.3% (2020-2024).
Frozen haddock is a versatile and popular choice in the seafood market, prized for its mild flavor, firm texture, and adaptability in various culinary applications. Commonly used in dishes like fish and chips, seafood stews, and grilled fillets, frozen haddock retains its nutritional value and freshness longer than fresh fish, making it a convenient option for consumers and foodservice providers. Thus, the Germany market is expected to consume 28,807.08 tonnes of frozen haddock by 2031.
The Germany market dominated the Europe Haddock Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,713.8 Million by 2031. The UK market is exhibiting a CAGR of 3.3% during (2024 - 2031). Additionally, The France market would experience a CAGR of 5.1% during (2024 - 2031)
Haddock's culinary flexibility has significantly contributed to its popularity across various gastronomic cultures. Known for its mild flavor and firm yet flaky texture, haddock is an excellent canvas for myriad flavors and cooking techniques. This versatility makes it a cherished option in domestic kitchens and professional culinary settings.
Additionally, in French cuisine, it is often poached or made into a brandade, a dish where the fish is emulsified with olive oil, milk, and garlic, typically served with bread or potatoes. This preparation showcases haddock's ability to mesh well in a creamy, rich texture, absorbing the subtle flavors of garlic and olive oil beautifully.
Europe's fisheries and aquaculture industry is experiencing growth, significantly impacting the demand for haddock, among other seafood. This growth is supported by several EU policies that promote sustainable practices in industry, especially enhancing the expansion and modernization of aquaculture. European policies, such as those detailed in the European Commission’s Blue Growth strategy, specifically target the sustainable growth of the maritime sector, including aquaculture. These policies support innovation, environmental protection, and economic growth, facilitating the expansion of the fisheries and aquaculture industry.
Free Valuable Insights: The Global Haddock Market will Hit USD 16.8 Billion by 2031, at a CAGR of 4.6%
Based on Type, the market is segmented into Fresh, Frozen, and Smoked. Based on Distribution Channel, the market is segmented into Retail Stores, Supermarkets/Hypermarkets, Food Service, Online Sales, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Type (Volume, Tonnes, USD Billion, 2020-2031)
By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)
By Country (Volume, Tonnes, USD Billion, 2020-2031)
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