North America Haddock Market

North America Haddock Market Size, Share & Trends Analysis Report By Type, By Distribution Channel (Retail Stores, Supermarkets/Hypermarkets, Food Service, Online Sales, and Others), By Country and Growth Forecast, 2024 - 2031

Report Id: KBV-23404 Publication Date: July-2024 Number of Pages: 100
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Market Report Description

The North America Haddock Market would witness market growth of 4.4% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 59,168.35 tonnes, showcasing a growth of 18.5% (2020-2023).

Haddock sales in retail stores are experiencing significant growth driven by increasing consumer demand for healthy, versatile, and sustainable seafood options. Retailers are capitalizing on this trend by offering a wide variety of haddock products, including fresh, frozen, and smoked variations, to cater to diverse culinary preferences. Thus, the Canada market is expected to sale 6,083.96 tonnes of haddock by retail stores by 2031.

North America Haddock Market

The US market dominated the North America Haddock Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,523.8 Million by 2031. The Canada market is experiencing a CAGR of 6.6% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 5.7% during (2024 - 2031).

The market for it is driven by various factors that influence supply and demand. On the demand side, there is a growing trend towards healthier eating habits, with consumers increasingly seeking seafood as a healthier alternative to red and processed meats.

Additionally, haddock is an ideal choice for this dietary change due to its low-fat profile and high protein content. It is not only nutritious but also contains beneficial omega-3 fatty acids, vitamins, and minerals that are essential for overall health.

North American consumers are increasingly inclined towards health-conscious food choices, which boosts the demand for seafood like haddock, which is known for its nutritional benefits. This trend is supported by sustainable fishing practices that ensure the long-term health of haddock stocks and appeal to environmentally aware consumers. Haddock fisheries, particularly those in the Gulf of Maine and Georges Bank, are robust due to effective management and sustainable fishing practices mandated by NOAA Fisheries.

Free Valuable Insights: The Haddock Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.

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List of Key Companies Profiled

  • Ocean More Foods Co., Limited
  • Channel Fish Processing
  • Channel Seafoods International, LLC
  • CTLE Seafood, Inc.
  • Holmes Seafood Ltd. (Brasmar)
  • Hottlet Frozen Foods N.V.
  • Marz Seafood
  • Seacore Seafood Inc.
  • Polar Seafood Greenland A/S
  • The Fish Company ltd.

North America Haddock Market Report Segmentation

By Type (Volume, Tonnes, USD Billion, 2020-2031)

  • Fresh
  • Frozen
  • Smoked

By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)

  • Retail Stores
  • Supermarkets/Hypermarkets
  • Food Service
  • Online Sales
  • Others

By Country (Volume, Tonnes, USD Billion, 2020-2031)

  • US
  • Canada
  • Mexico
  • Rest of North America
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