The Latin America, Middle East and Africa Haddock Market would witness market growth of 6.1% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 46,656.36 tonnes, showcasing a growth of 7.5% (2024-2031).
Fresh haddock is a popular choice in culinary applications due to its mild flavor, flaky texture, and versatility in recipes. It is commonly used in dishes such as fish and chips, grilled fillets, and seafood chowders. Fresh haddock's delicate taste pairs well with various seasonings and cooking methods, making it a favorite among chefs and home cooks alike. Thus, the Saudi Arabia market is expected to consume 2,901.37 tonnes of fresh haddock by 2031.
The Brazil market dominated the LAMEA Haddock Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $329.9 Million by 2031. The Argentina market is showcasing a CAGR of 7% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 5.8% during (2024 - 2031).
The haddock market is a complex network of fisheries, processors, distributors, and retailers that are collaborating to satisfy the increasing consumer demand for this popular white fish. Known scientifically as Melanogrammus aeglefinus, haddock is a key species in the fishing industry, particularly in the North Atlantic.
Moreover, white meat and mild flavor, making it a favourite among seafood lovers. It plays a significant role in the culinary traditions of various cultures, most notably in countries such as the United Kingdom, the United States, Canada, and parts of Scandinavia.
The haddock market in the LAMEA region is undergoing substantial growth, which is being fueled by a variety of factors throughout the region. In the Middle East, the demand for haddock is influenced by the growing popularity of Western-style cuisines, where haddock is featured in various dishes. The market is also supported by the rising availability of frozen and processed haddock, which aligns well with the busy lifestyles and culinary preferences of the urban populations in this region. One way haddock is enjoyed in the Middle East is in dishes like Haddock Fillet with Creamy Dill Sauce.
Free Valuable Insights: The Worldwide Haddock Market is Projected to reach 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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