The wild pollock market is estimated to be valued at more than US$ 7 Bn in 2020 and grow at a CAGR of 1.7% over the forecast period of 2020-2030. Wild Pollock is one of the key delicacies for the developed regions such as Europe and North America. Moreover, a myriad of health benefits offered by wild pollock continues to influence its demand.

Unlike saltwater, freshwater, and anadromous water fishes such as salmon, cod, tuna, and bundle of other fishes, wild pollock has benefits such as high protein flesh and non-toxic. Furthermore, wild pollock is a cheaper yet better substitute to Cod which is set to provide impetus to the market in the long-run.

For detailed insights on enhancing your product footprint, request for a sample here-  https://www.factmr.com/connectus/sample?flag=S&rep_id=2086

Moreover, consumer inclination towards wild pollock is expected in the post-COVID-19 period and during economic recession, owing to its better price and availability compared to its counterpart Cod. Above-stated factors are set to drive the market in nominal pace over the forecast period of 2020-2030.

Key Takeaways of Global Wild Pollock Market Study

  • The global wild pollock market is anticipated to create a value opportunity of around US$ 1.2 Bn during the forecast period, adding 1.2X value to that recorded in 2020.
  • Alaska Pollock is estimated to account for 90% share of the market revenue in 2020, and gain 12 BPS in its market share by 2030 over 2020.
  • With growing preference for frozen and canned wild pollock, the fresh segment is anticipated to lose around 11BPS in its share during the forecast period.
  • Europe continues to hold the leading share of the global wild pollock market.

“Price elasticity of demand for cod is set is magnify the demand for its substitute, wild pollock in the coming years,” says the Fact.MR analyst.

Need more information about Report Methodology? Click here-  https://www.factmr.com/connectus/sample?flag=RM&rep_id=2086

Wild Pollock Market Shows a High Level of Consolidation

The wild pollock market is highly consolidated with key players such as Russian Fishery Company, Norebo Holdings, and American Seafoods accounting for a relatively high market share. Penetration of the new entrants is highly unlikely, owing to the regional dominance of the stakeholders and experience for more than a decade in the fisheries market.

COVID-19 Impact on the Wild Pollock Market

The COVID-19 pandemic has affected the global economy in several ways. Demand for various products across several industrial verticals has fallen, directly impacting production. Supply chains have been disrupted, causing a gap in the demand-supply equation. A significant market crunch is anticipated for the food and beverage sector,

attributed to shortfalls in the macroeconomic factors such as buying power, demand contraction and others. While the wild pollock market is adversely affected by a drop in foot traffic in foodservice sectors and reluctance of consumers to seafood, it is anticipated to rebound post two quarters of market reopening.

More Valuable Insights on Wild Pollock Market

Fact.MR, in its new offering, presents an unbiased analysis of the global wild pollock market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. The study divulges essential insights on the wild pollock market on the basis of species (Alaska Pollock, Atlantic Pollock), form (fresh (whole & fillet), frozen (whole & fillet), canned), end-use industry (household(retail), foodservice (HORECA), pharmaceutical & nutraceutical industry), and distribution channel (business to business, business to customer(grocery stores, hypermarket/ supermarket, online sales channel) across six major regions.

Full Access of this Exclusive Report is Available at-  https://www.factmr.com/checkout/2086/S

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office:

11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: [email protected]
Visit Our Website: https://www.factmr.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here