USD 1.64 Billion
Report ID:
SQMIG30I2507 |
Region:
Global |
Published Date: July, 2025
Pages:
177
|Tables:
91
|Figures:
72
Global Cod Fish Market size was valued at USD 1.64 Billion in 2023 poised to grow to from USD 1.75 Billion in 2024 to USD 2.86 Billion by 2032, growing at a CAGR of 6.5% in the forecast period (2025-2032).
The global cod fish market is experiencing significant growth driven by increasing demand for seafood among consumers and factors such as growth of food industry. Additionally, increasing global fish production volume in several countries and macroeconomic factor such as increasing per capita income drives the growth for the global cod fish market. Increasing growth of fisheries industry to meet the global demand for high volume production further drives the demand for the global cod fish market. Nutritional factor of cod fish such as high protein content and omega-3 fatty acid also helps in growing the demand as health consciousness of consumers increases. High preferences of fish oil in the bodybuilding industry further fuels the global cod fish market. By working together, environmental groups and fisheries can enhance sustainable practices catering to the growing demand of eco-conscious consumers.
The global cod fish market is highly driven by technological advancements. Technology like sonar and GPS makes for more-effective fishing these days. Aquaculture technology contributes to sustainable farmed cod and a stable supply. They are processed further into advanced products that retain the freshness and prolong the shelf-life with cold chain logistics. This creates further variety in value-added products such as read-to-cook meals and responds to increasing demand for convenience and health among consumers.
How Artificial Intelligence is Transforming the Global Cod Fish Market?
Artificial Intelligence revolutionized the global cod fish business from sea to plate. It optimizes fishing efficiency by examining data to predict fish habitats, reducing fuel use, and bycatch (accidental catch). In processing, AI systems improve quality control, classify fish by size and type, and even detect bones to make it more efficient and consistent product. AI improves the supply chain by predicting demand, optimizing logistics, and giving real-time tracking for improved traceability and reduced wastage. It leads to a more efficient and sustainable market, with top-notch, ethically sourced cod products presented to the consumer
In July 2024, one of the major players using AI in aquaculture, which influences the global cod fish market, is ReelData. It is a Canadian organization that created AI-driven cameras and fish farm software. Their technology assists cod producers through real-time appetite tracking to optimize feeding, early disease detection by monitoring fish behavior and health, and precise biomass estimations. The ReelData provide significant benefits to organizations by reducing the waste, preventing broad disease and increasing efficiency. It leads to healthy fish, low operating costs and a more durable cod supply, which benefits the market by providing high quality, morally produced seafood.
Market snapshot - 2025-2032
Global Market Size
USD 1.64 Billion
Largest Segment
Atlantic Cod
Fastest Growth
Pacific Cod
Growth Rate
6.5% CAGR
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The global cod fish market is segmented based on type, form, distribution channel, and region. In terms of type, the market is segmented into atlantic cod, pacific cod, greenland cod, and bacalao. Based on form, market is segmented into fresh, frozen, dried and smoked. Based on distribution channel, the market is segmented into supermarkets/hypermarkets, online Retail, specialty stores and fish markets. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Central & South America and the Middle East & Africa.
Based on the global cod fish market forecast, Atlantic cod dominates the industry due to their widespread availability, rich flavour, versatility in culinary application, historical significance, firm texture and established supply chain. Also, the dominance of Atlantic cod can be attributed to commercial abundance and the nutritional content with more protein and omega-3 fatty acids. It also happens to be easy to process, freeze, and transport, which makes it highly sought for global business. Several nations such as Norway and Iceland maintain robust fishing and agricultural systems for Atlantic cod. These nations employ innovative technology to harvest or cultivate cod in significant numbers, fulfilling high market demand and providing consistent supplies.
Pacific cod are poised to be the fastest-growing segment in the global cod fish market due to lower price than the Atlantic cod, increasing availability and growing demand from the Asian and North American countries. Its mild taste and versatility in cooking the Pacific cod is gaining the popularity which helps this segment to grow faster. Also, increasing awareness about the seafood and its benefits pushes consumers towards more affordable option such as Pacific cod.
The Frozen segment is dominating the global cod fish market due to its extended shelf life, easy to store, easy to transport and sell in any part of the globe. Once the cod is captured or bred, it’s quickly frozen to keep it for up to a year. In this manner, businesses are able to ship it across the country and now, thanks to their success with the brand-new Build Back Better Act, around the world without sacrificing freshness. Frozen cod benefits restaurants and grocery stores financially since it is consistently available throughout the year and has an extended shelf life. It guarantees we avoid wasting fish by freezing it to stop deterioration. These all-season, cost-effective advantages become a winning combo to make frozen cod a category leader.
The fresh segment is anticipated to witness significant growth in the global cod fish market due to the increasing consumer awareness towards health and wellness, rising preferences towards natural and less processed foods. To meet the customer demand, restaurants and supermarkets are also offering more fresh fish which pushes the market for fresh cod fish. Also, with improvement in air transportation and cold chain logistics, it is easy to deliver the fresh cod to any part of the world which further boosts the fresh cod segment in the global cod fish market.
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As per the global cod fish market analysis, Europe holds a significant share in the industry, driven by rich natural resources, strong domestic demand, advanced fishing infrastructure and high export capacity. cod is among the main and staple foods of most European countries, especially UK, Portuguese, and Scandinavian cuisine. Europe further boasts of quality established fishing and aquaculture structures, that produce quality cod for domestic consumption as well as for exportation. Strict control of environmentally friendly fishing helps to keep fish stocks healthy and fosters long-term industrial growth. The facility also boasts advanced cold storage, transportation, and processing gear that keeps the cod fresh and distributes it on a large scale.
The United Kingdom is dominating Europe’s cod fish market, due to its cultural significance, with iconic fish and chips. The tradition is such that it creates high demand for cod fish which helps in growth of the market. The market driven by healthy consumer demand for cod's delicate taste and flakiness and a robust foodservice market. Despite increased pricing and efforts to shift direction to more sustainable species, cod's position as a cultural icon only further secures the UK's dominant position in regional outlook.
Germany contributes significantly to Europe’s cod fish market, propelled by health-conscious consumers shifting from meat to cod fish, increasing popularity of convenience seafoods and strong food-service demand. In Germany, consumers are increasingly opting for Marine Stewardship Council certified cod, as well as ready-to-cook products, which has propelled advance in quality and convenience products. Improved seafood supply chains, more sophisticated cold‑chain systems, and more stringent sustainability regulations all enable Germany to deliver fresh and frozen cod quickly and cost‑effectively. This continues to build consumer trust and enlarges the market, with consumers more willing to choose lean, green seafood.
Asia Pacific is the fastest-growing region in the global cod fish market. Increasing population, rising health awareness, increasing health benefits of sea-food and increasing per capita income are all the key trends driving the global cod fish market. Additionally, advancements in aquaculture technology in several countries further drive the growth of the global cod fish market. More and more health-conscious people are choosing lean, high-protein fish like cod as part of a healthier overall diet. Japan and South Korea depend on imports of cod due to limited supply of cod at home. The region’s expanding cold storage facilities and modern supermarkets, as well as internet groceries, further boost cod availability.
Japan is a critical member to the Asia Pacific’s cod fish market, driven by the legacy of the consumption of cod within traditional diets, seafood eating habit and the high per capita consumption. While cod has long been considered a dietary staple, increasing overall seafood consumption coupled with the introduction of these convenient “frozen” foods caused a major drop in per capita consumption as diets developed and diversified. Japan continues to be one of the world’s largest cod importers, buoyed by its developed distribution networks and long-standing consumer demand for high quality seafood, more and more looking for sustainable, traceable options.
South Korea significantly contributes to the Asia Pacific’s cod fish market, due to increasing demand for seafood, import and export infrastructure and advanced technology in aquaculture. Consumers are increasingly looking for varied and good quality protein sources, and cod is well-suited to this demand. Improved cold chain logistics and growing modern retail formats are bringing cod within reach of more consumers. Combined with changing culinary preferences and an overall increasing trend in seafood imports, South Korea is a vibrant and growing market for cod in the Asia Pacific region.
Owing to increasing health conscious and high consumer demand owing to deep-rooted culinary tradition, North America is expected to have a stronghold on global cod fish market. Countries like the U.S. and Canada are sparking a cod-destination fishery driven by its health benefits and versatility in dishes like fish tacos, chowder and fish sandwiches. Those who have enjoyed the region’s sophisticated cold storage, packaging, and distribution systems know the fresh cod and increasingly the frozen cod are all around. North America has advanced fishing management practices to make fish more sustainable.
US is the prime driver of North America’s cod fish market owing to its strong demand for seafood consumption and versatility of various dishes. American consumers prize cod – especially the mild flavored, healthy pleaser, whitefish fillet – so much that it has become a key retail and foodservice player. US market demand impacts the international cod trade. As a result, the US becomes a major market that depends primarily on imports—including from the major European producers—to meet this stable domestic demand, making the US a significant driver of the international cod trade.
Canada has deep cultural roots in the cod fishery, especially in the Atlantic region, where the cod fishery has been long established as part of the region’s economic and cultural identity. Canadian markets prefer fresh and frozen cod, which is often used in classic recipes. Canada is advancing the world’s most sustainable fisheries and offering certified Canadian cod products to eco-conscious consumers. Armed with new processing plants and more knowledge about the demand for seafood, Canada is still making cannery contributions all the time to the North American and global cod cachet.
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Increasing Demand for Healthy Protein
Technological Advancements in Aquaculture
Overfishing and Declining Stocks
Price volatility and competition from other Seafood
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The global cod fish market outlook is highly competitive, as demand for seafood products rises, driven by factors such as health awareness, strong consumer requirement of high protein content, increasing global cod fish production, and technological advancement in aquaculture and fishing practices. Also, competition is driven by presence of key players like Marine Harvest, Blue Wave Seafood, AquaChile, Norway Royal Salmon ASA and Ice Fish AS. AquaChile is unique in the Cod Fish Market because they have a highly diversified product base and a very well-established market presence in various areas. Their laser-like focus on quality control and adherence to international standards sets the company apart from all but a handful of competitors and it builds real third-party credibility that appeals to consumers and partners in equal measure. AquaChile’s ability to take advantage of more environmentally-friendly fishing and farming techniques fits right into the growing global market for sustainable seafood, further increasing its competitive advantage.
As per the global cod fish industry analysis, the startup ecosystem in the global cod fish market is emerging, driven by growing demand of consumer for healthy seafood and advancement in fish farming and processing technology. Startups are focusing more on smart, innovative and sustainable route to produce and sell cod fish. Also, startup are focusing on making the cod market more efficient and environmentally friendly. Contineous innovation in this field plays an important role in the growth of global cod fish market.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global cod fish industry is experiencing dynamic growth driven by significantly increasing demand for seafood among consumers and factors such as growth of food industry. Nutritional factor of cod fish such as high protein content and omega-3 fatty acid also helps in growing the demand as health consciousness of consumers are increases. Artificial Intelligence is revolutionizing the global cod fish business from sea to plate. In processing, AI systems improve quality control, classify fish by size and type, and even detect bones to make it more efficient and consistent product.
Regions such as Europe and Asia-Pacific leads the global cod fish market driven by rich natural resources, strong domestic demand, advanced fishing infrastructure, rising health awareness and high export capacity. The market also benefits from strong competition and emerging startups advancing fish farming and processing technology. As industries prioritize technological advancement in fishing, consumer demand for healthy protein and sustainability practices, the demand for cod fish will continue to accelerate, shaping the future of the global cod fish market revenue.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.64 Billion |
Market size value in 2032 | USD 2.86 Billion |
Growth Rate | 6.5% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Cod Fish Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cod Fish Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cod Fish Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cod Fish Market for additional countries.
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Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
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Global Cod Fish Market size was valued at USD 1.64 Billion in 2023 poised to grow to from USD 1.75 Billion in 2024 to USD 2.86 Billion by 2032, growing at a CAGR of 6.5% in the forecast period (2025-2032).
The global cod fish market outlook is highly competitive, as demand for seafood products rises, driven by factors such as health awareness, strong consumer requirement of high protein content, increasing global cod fish production, and technological advancement in aquaculture and fishing practices. Also, competition is driven by presence of key players like Marine Harvest, Blue Wave Seafood, AquaChile, Norway Royal Salmon ASA and Ice Fish AS. AquaChile is unique in the Cod Fish Market because they have a highly diversified product base and a very well-established market presence in various areas. Their laser-like focus on quality control and adherence to international standards sets the company apart from all but a handful of competitors and it builds real third-party credibility that appeals to consumers and partners in equal measure. AquaChile’s ability to take advantage of more environmentally-friendly fishing and farming techniques fits right into the growing global market for sustainable seafood, further increasing its competitive advantage. 'Marine Harvest (Norway)', 'AquaChile (Chile)', 'Blue Wave Seafood (India)', 'Ice Fish AS (Norway)', 'Norway Royal Salmon ASA (Norway)', 'Alliance Seafood AS (Norway)', 'Norcod (Norway)', 'American Seafood Group (USA)', 'Leory Seafood AS (Norway)', 'Norsk Sjomat AS (Norway)', 'Young’s Seafood (Uk)', 'Nordic Sea Farm (Norway)', 'Cooke Aquaculture (Canada)', 'Jean’s Fisheries (USA)', 'Trident Seafoods (USA)', 'Marel (Iceland)'
Cod consist of high protein content and low-fat content making it as a healthy seafood as more people in the globe are now more health conscious especially in the urban area wherein people having high per capita income which further fuels the global cod fish Market growth. It is also easy to cook and fits into many types of diet. Also, ready to eat cod products caters to busy lifestyle, especially in urban areas, which makes it highly desirable choice for the health-conscious people.
Rising Demand for Frozen and Processed Cod: Consumers are increasingly buying frozen and processed cod because it is easy to keep, has a longer shelf life and is faster to cook. Most importantly, car-free travel fits easily with today’s hectic lives. To give consumers ever more choice, food manufacturers are producing a wider range of frozen cod items, such as fish fillets, fish fingers and ready meals that are delicious, nutritious and quick to cook from frozen – perfect for the busy week day dinner.
What key Factors are Driving Global Cod Fish Market in Europe?
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