COD Market Size, Share, Industry Growth & Forecast Report 2025-2033

  2. by vishalguptaimarc
  3. March 26, 2025

Market Overview:

    • The global cod market size reached USD 11.4 Billion in 2024.

    • The market is expected to reach USD 16.5 Billion by 2033, exhibiting a growth rate (CAGR) of 4.22% during 2025-2033.

    • North America leads the market, accounting for the largest cod market share.

    • Ethical sourcing is paramount in 2024's cod market, as consumer demand for sustainable seafood reshapes industry practices.

    • Cod's nutritional profile is a key driver, attracting health-conscious consumers and propelling the market through value-added product innovation.

    • Market diversification, coupled with a focus on sustainable practices, is crucial for cod producers to navigate evolving consumer preferences in 2024.

    • The cod industry's future success depends on balancing ecological responsibility with economic viability, adapting to changing consumer demands.

    • Innovation and consumer-centric strategies are essential for the 2024 cod market, as sustainability and health trends drive significant industry shifts.

This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.

Grab a sample PDF of this report: https://www.imarcgroup.com/cod-market/requestsample

Our report includes:

    • Market Dynamics

    • Market Trends And Market Outlook

    • Competitive Analysis

    • Industry Segmentation

    • Strategic Recommendations

Factors Affecting the Growth of the COD Industry:

    • Sustainable Sourcing and Ethical Consumption:

In 2024, the cod market is feeling the impact of a sustainability boom. Consumers are paying attention to the environmental effects of their food choices. They're looking for cod that's been caught in a responsible way and farmed with ethics in mind. This growing interest in sustainable cod is driving up demand, causing a stir among suppliers and retailers. Prioritizing sustainability initiatives has never been more vital. Stricter regulations and certifications keep cod fishing and aquaculture on the right track. Together, these changes are harmonizing market dynamics in a fresh, eco-friendly rhythm.

    • Value-Added Products and Diversification:

The cod market in 2024 is experiencing a trend towards value-added products and diversification. Consumers want more than just basic cod fillets. They now opt for pre-marinated cuts, fish cakes, and ready meals that offer convenience. This demand drives innovation in the industry, as suppliers create appealing new products. At the same time, cod's use extends beyond the dinner table. Pet food and pharma companies are contributing to market growth by exploring unexpected opportunities in new areas. Unconventional industries spark economic expansion, leveraging new potential for profit and innovation. As tastes evolve, so does the humble cod's place in our lives and economy.

    • Health and Wellness Trends:

The growing interest in health and wellness in 2024 is boosting the cod market. As a nutritious food, cod is packed with omega-3 fatty acids, protein, and other vital nutrients. With people becoming more health-aware, they're opting for seafood, and cod is rising to the top as a popular choice. Cod's versatility and nutritional value appeal to people seeking wellness through diet. This trend is driving the market growth of cod, especially in areas where healthy eating is a top priority. As eco-conscious consumers seek ocean-friendly options, cod is emerging as a top choice for sustainable seafood, drawing in shoppers who prioritize the environment.

Leading Companies Operating in the Global COD Industry:

    • Aalesundfish AS

    • Alliance Seafood AS

    • ANDREAS BJØRGE SEAFOOD AS

    • Arctic Catch AS

    • Iceland Seafood International hf

    • Lerøy Seafood Group ASA

    • Norebo Holding JSC

    • Norges Sjømatråd AS

    • Norsk Sjømat AS

COD Market Report Segmentation:

Breakup by Species:



    • Atlantic Cod Fish

    • Pacific Cod Fish

    • Greenland Cod Fish

    • Others

Atlantic cod dominates the market due to its culinary versatility, historical significance, and nutritional value, driving sustained consumer demand.

Breakup by Source:

    • Farmed

    • Wild Capture

Wild-caught cod leads the market due to consumer preference for natural, sustainably sourced seafood, perceived higher quality, and trust in certifications like MSC.

Breakup by Product Type:

    • Fresh

    • Canned

    • Frozen

    • Others

Frozen cod dominates the market due to its convenience, extended shelf life, maintained quality through advanced freezing, and versatile culinary applications.

Breakup by Distribution Channel:

    • Institutional

    • Retail

        • Direct Sales

        • Supermarkets and Hypermarkets

        • Online Stores

        • Others

Frozen cod's popularity stems from its convenience, long shelf life, preserved quality, and versatile use, making it the leading segment in the cod market.

Regional Insights:

    • North America (United States, Canada)

    • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

    • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

    • Latin America (Brazil, Mexico, Others)

    • Middle East and Africa

North America dominates the cod market due to its cultural culinary traditions, perceived health benefits, versatility, and availability of sustainably sourced products.

Research Methodology:

The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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