Cod Fish Market
PUBLISHED: 2025 ID: SMRC28960
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Cod Fish Market

Cod Fish Market Forecasts to 2032 - Global Analysis By Product Type (Fresh, Frozen, Canned, Dried, Smoked and Other Product Types), Packaging Type, Species Type, Distribution Channel, Application, End User and By Geography

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5.0 (91 reviews)
Published: 2025 ID: SMRC28960

This report covers the impact of COVID-19 on this global market
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Years Covered

2024-2032

Estimated Year Value (2025)

US $1.87 BN

Projected Year Value (2032)

US $3.10 BN

CAGR (2025-2032)

7.5%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Cod Fish Market is accounted for $1.87 billion in 2025 and is expected to reach $3.10 billion by 2032 growing at a CAGR of 7.5% during the forecast period. Cod fish is a popular, mild-flavored saltwater fish known for its firm, white flesh. It belongs to the Gadidae family and is typically found in cold, northern Atlantic waters. Cod is commonly used in various dishes, including fish and chips, and is renowned for its versatility in cooking. The fish has a slightly flaky texture and is rich in protein, low in fat, and a good source of vitamins and minerals such as vitamin B12, iodine, and omega-3 fatty acids. It has been a staple in many coastal cuisines for centuries.

Market Dynamics:

Driver: 

Increasing consumer demand for healthy protein

The increasing consumer demand for healthy protein is driving growth in the market. As consumers prioritize nutritious, lean sources of protein, cod’s low-fat content and high levels of essential nutrients, like omega-3 fatty acids and vitamin B12, make it an attractive choice. Health-conscious individuals are opting for cod over other meats due to its mild flavor, versatility, and health benefits. This shift towards healthier eating is expected to further fuel the global demand for cod fish across various culinary sectors.

Restraint:

Overfishing and unsustainable capture fishing

Overfishing and unsustainable capture fishing in the market have led to severe ecological and economic consequences. Depleted cod populations disrupt marine ecosystems, affecting biodiversity and the food chain. Unsustainable practices also result in reduced fish stock availability, threatening long-term market stability. Additionally, overfishing damages habitats, harms other species, and strains coastal communities reliant on fishing for livelihoods, creating a cycle of environmental degradation and economic instability.

Opportunity:

Advancements in aquaculture

Advancements in aquaculture have significantly improved sustainability and efficiency. Innovations like selective breeding, improved feeding techniques, and disease management have increased yields while minimizing environmental impact. Recirculating aquaculture systems (RAS) allow for better water quality control, enhancing cod growth rates. Additionally, the use of sustainable fish feeds and eco-friendly farming practices has reduced the industry's carbon footprint, ensuring a more sustainable supply for the growing market demand.

Threat:

Environmental impacts and climate change

Environmental impacts and climate change have significantly affected the market. Rising ocean temperatures, ocean acidification, and habitat degradation disrupt cod migration patterns and breeding cycles, reducing fish stocks. These changes also alter the availability of food sources for cod, further stressing populations. As a result, fishing yields decrease, and the market faces instability. These environmental shifts also increase the vulnerability of coastal ecosystems and fishing communities that rely on stable cod populations.

Covid-19 Impact: 

The COVID-19 pandemic severely impacted the market, disrupting supply chains and reducing demand. Lockdowns and restaurant closures led to a decline in global seafood consumption, particularly in the foodservice sector. Simultaneously, labor shortages and port closures hindered processing and distribution, creating delays and waste. The uncertainty caused by the pandemic also led to reduced investments in aquaculture, further straining an already vulnerable market and threatening long-term industry growth.

The frozen segment is expected to be the largest during the forecast period

The frozen segment is expected to account for the largest market share during the forecast period. Frozen cod plays a crucial role in the global cod fish market, offering extended shelf life and ease of transport. Freezing allows cod to be stored and distributed across long distances, making it accessible to international markets year-round. The demand for frozen cod has surged due to its convenience and affordability. However, the market faces challenges such as fluctuations in supply, climate change, and sustainability concerns around overfishing.

The food processing segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the food processing segment is predicted to witness the highest growth rate. This extends the shelf life and makes the fish more accessible to global markets. Processing methods, such as freezing, smoking, and salting, add value and cater to diverse consumer preferences. However, the industry faces challenges related to sustainability, maintaining quality, and managing waste, especially amidst declining cod populations and overfishing concerns.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share driven by both wild-caught and farmed cod. Cod is a popular fish in the region, especially in countries like the U.S. and Canada, where it's used in dishes like fish and chips. However, overfishing, sustainability concerns, and climate change impact the market. The rise of aquaculture offers a more sustainable option, though the industry must address environmental and economic challenges.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR. The live fish trade, predominantly centered in Southeast Asia, has seen shifts with countries like Indonesia and Malaysia moving towards farmed live fish to meet the burgeoning demand. In the region, countries like South Korea, Australia, and New Zealand are experiencing an increased incorporation of omega-3 supplements, including cod fish oil, into daily diets. This trend is driven by a heightened awareness of health benefits associated with such products.

Key players in the market

Some of the key players in Cod Fish Market include Icelandic Group, Mowi ASA, Royal Greenland, Ocean Beauty Seafoods, Gortons of Gloucester, Clear Springs Foods, Trident Seafoods, Silver Bay Seafoods, High Liner Foods, Blue Harvest Fisheries, Thai Union Group, Glacier Fish Company, Bumble Bee Foods, Nomad Foods and Findus Group.

Key Developments:

In January 2025, Mowi ASA has entered into an agreement with Vigner Olaisen AS to acquire its controlling stake in Nova Sea AS, leveraging the strong joint position in one of the world’s best areas for salmon farming.

In January 2025, An Icelandic seafood group is preparing to launch a venture capital fund this year with the aim of raising $30-40 million (€29-39 million) to invest in early-stage startups. Blue Nova Ventures told IntraFish in a statement it will focus on investing in areas such as ocean technology and artificial intelligence (AI), marine biotechnology, maritime innovation, and sustainable fisheries and aquaculture.

Product Types Covered:
• Fresh   
• Frozen   
• Canned
• Dried
• Smoked
• Other Product Types

Packaging Types Covered:
• Bulk Packaging
• Individual Packaged Portions
• Eco-Friendly Packaging

Species Types Covered:
• Atlantic Cod Fish
• Pacific Cod Fish
• Greenland Cod Fish
• Other Species Types

Distribution Channels Covered:
• Specialized Fish Shops
• Supermarkets/Hypermarkets   
• Online Retail   
• Fish Markets
• Food service 

Applications Covered:
• Fish Oil
• Restaurants
• Cod Liver Oil
• Dietary Preferences
• Collagen and Gelatin Production
• Other Applications 

End Users Covered:
• Pharmaceutical 
• Aquaculture 
• Industrial 
• Food Processing
• Household Consumption
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
           
2 Preface
         
 2.1 Abstract         
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology       
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions       
           
3 Market Trend Analysis        
 3.1 Introduction        
 3.2 Drivers         
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats         
 3.6 Product Analysis        
 3.7 Application Analysis       
 3.8 End User Analysis        
 3.9 Emerging Markets        
 3.10 Impact of Covid-19        
           
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry        
           
5 Global Cod Fish Market, By Product Type       
 5.1 Introduction        
 5.2 Fresh            
 5.3 Frozen            
 5.4 Canned         
 5.5 Dried         
 5.6 Smoked         
 5.7 Other Product Types       
           
6 Global Cod Fish Market, By Packaging Type      
 6.1 Introduction        
 6.2 Bulk Packaging        
 6.3 Individual Packaged Portions       
 6.4 Eco-Friendly Packaging       
           
7 Global Cod Fish Market, By Species Type       
 7.1 Introduction        
 7.2 Atlantic Cod Fish        
 7.3 Pacific Cod Fish        
 7.4 Greenland Cod Fish        
 7.5 Other Species Types       
           
8 Global Cod Fish Market, By Distribution Channel      
 8.1 Introduction        
 8.2 Specialized Fish Shops       
 8.3 Supermarkets/Hypermarkets         
 8.4 Online Retail           
 8.5 Fish Markets        
 8.6 Food service        
           
9 Global Cod Fish Market, By Application       
 9.1 Introduction        
 9.2 Fish Oil         
 9.3 Restaurants        
 9.4 Cod Liver Oil        
 9.5 Dietary Preferences        
 9.6 Collagen and Gelatin Production      
 9.7 Other Applications        
           
10 Global Cod Fish Market, By End User       
 10.1 Introduction        
 10.2 Pharmaceutical         
 10.3 Aquaculture         
 10.4 Industrial         
 10.5 Food Processing        
 10.6 Household Consumption       
 10.7 Other End Users        
           
11 Global Cod Fish Market, By Geography       
 11.1 Introduction        
 11.2 North America        
  11.2.1 US        
  11.2.2 Canada        
  11.2.3 Mexico        
 11.3 Europe         
  11.3.1 Germany        
  11.3.2 UK        
  11.3.3 Italy        
  11.3.4 France        
  11.3.5 Spain        
  11.3.6 Rest of Europe       
 11.4 Asia Pacific        
  11.4.1 Japan        
  11.4.2 China        
  11.4.3 India        
  11.4.4 Australia        
  11.4.5 New Zealand       
  11.4.6 South Korea       
  11.4.7 Rest of Asia Pacific       
 11.5 South America        
  11.5.1 Argentina       
  11.5.2 Brazil        
  11.5.3 Chile        
  11.5.4 Rest of South America      
 11.6 Middle East & Africa       
  11.6.1 Saudi Arabia       
  11.6.2 UAE        
  11.6.3 Qatar        
  11.6.4 South Africa       
  11.6.5 Rest of Middle East & Africa      
           
12 Key Developments         
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 12.2 Acquisitions & Mergers       
 12.3 New Product Launch       
 12.4 Expansions        
 12.5 Other Key Strategies       
           
13 Company Profiling         
 13.1 Icelandic Group        
 13.2 Mowi ASA        
 13.3 Royal Greenland        
 13.4 Ocean Beauty Seafoods       
 13.5 Gortons of Gloucester       
 13.6 Clear Springs Foods        
 13.7 Trident Seafoods        
 13.8 Silver Bay Seafoods        
 13.9 High Liner Foods        
 13.10 Blue Harvest Fisheries       
 13.11 Thai Union Group        
 13.12 Glacier Fish Company       
 13.13 Bumble Bee Foods        
 13.14 Nomad Foods        
 13.15 Findus Group        
           
List of Tables          
1 Global Cod Fish Market Outlook, By Region (2024-2032) ($MN)     
2 Global Cod Fish Market Outlook, By Product Type (2024-2032) ($MN)    
3 Global Cod Fish Market Outlook, By Fresh (2024-2032) ($MN)     
4 Global Cod Fish Market Outlook, By Frozen (2024-2032) ($MN)     
5 Global Cod Fish Market Outlook, By Canned (2024-2032) ($MN)    
6 Global Cod Fish Market Outlook, By Dried (2024-2032) ($MN)     
7 Global Cod Fish Market Outlook, By Smoked (2024-2032) ($MN)    
8 Global Cod Fish Market Outlook, By Other Product Types (2024-2032) ($MN)   
9 Global Cod Fish Market Outlook, By Packaging Type (2024-2032) ($MN)    
10 Global Cod Fish Market Outlook, By Bulk Packaging (2024-2032) ($MN)    
11 Global Cod Fish Market Outlook, By Individual Packaged Portions (2024-2032) ($MN)  
12 Global Cod Fish Market Outlook, By Eco-Friendly Packaging (2024-2032) ($MN)   
13 Global Cod Fish Market Outlook, By Species Type (2024-2032) ($MN)    
14 Global Cod Fish Market Outlook, By Atlantic Cod Fish (2024-2032) ($MN)    
15 Global Cod Fish Market Outlook, By Pacific Cod Fish (2024-2032) ($MN)    
16 Global Cod Fish Market Outlook, By Greenland Cod Fish (2024-2032) ($MN)   
17 Global Cod Fish Market Outlook, By Other Species Types (2024-2032) ($MN)   
18 Global Cod Fish Market Outlook, By Distribution Channel (2024-2032) ($MN)   
19 Global Cod Fish Market Outlook, By Specialized Fish Shops (2024-2032) ($MN)   
20 Global Cod Fish Market Outlook, By Supermarkets/Hypermarkets (2024-2032) ($MN)  
21 Global Cod Fish Market Outlook, By Online Retail (2024-2032) ($MN)    
22 Global Cod Fish Market Outlook, By Fish Markets (2024-2032) ($MN)    
23 Global Cod Fish Market Outlook, By Food service (2024-2032) ($MN)    
24 Global Cod Fish Market Outlook, By Application (2024-2032) ($MN)    
25 Global Cod Fish Market Outlook, By Fish Oil (2024-2032) ($MN)    
26 Global Cod Fish Market Outlook, By Restaurants (2024-2032) ($MN)    
27 Global Cod Fish Market Outlook, By Cod Liver Oil (2024-2032) ($MN)    
28 Global Cod Fish Market Outlook, By Dietary Preferences (2024-2032) ($MN)   
29 Global Cod Fish Market Outlook, By Collagen and Gelatin Production (2024-2032) ($MN)  
30 Global Cod Fish Market Outlook, By Other Applications (2024-2032) ($MN)   
31 Global Cod Fish Market Outlook, By End User (2024-2032) ($MN)    
32 Global Cod Fish Market Outlook, By Pharmaceutical (2024-2032) ($MN)    
33 Global Cod Fish Market Outlook, By Aquaculture (2024-2032) ($MN)    
34 Global Cod Fish Market Outlook, By Industrial (2024-2032) ($MN)    
35 Global Cod Fish Market Outlook, By Food Processing (2024-2032) ($MN)    
36 Global Cod Fish Market Outlook, By Household Consumption (2024-2032) ($MN)   
37 Global Cod Fish Market Outlook, By Other End Users (2024-2032) ($MN)    
           
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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