The Global Haddock Market size is expected to reach $16.8 billion by 2031, rising at a market growth of 4.6% CAGR during the forecast period. In the year 2023, the market attained a volume of 4,67,442.13 tonnes, experiencing a growth of 18.7% (2020-2023).
Europe has a strong tradition of seafood consumption. Countries such as the United Kingdom, Norway, and Iceland have diets that are significantly reliant on fish, with haddock being particularly popular. European countries have well-established fishing industries. Thus, the Europe region acquired 47.8% revenue share in the market 2023. In terms of volume the Europe region is expected to attain a volume of 3,33,119.20 tonnes of haddock by 2031. The North Sea is one of the most significant sources of haddock, supporting local supply chains and ensuring fresh product availability. Europe could strengthen its market position by continuing to lead in sustainable fishing and traceability initiatives, which are increasingly important to consumers.
As populations become more health-conscious, many are turning away from red and processed meats, which have been linked to various health issues, including heart disease and certain types of cancer. Seafood, rich in essential nutrients and typically lower in fats, presents a favorable alternative.
Additionally, because of the globalization of food culture, the global food industry has become more interconnected and diverse, substantially influencing eating habits and culinary preferences on a global scale. Therefore, the globalization of food trends is aiding the growing demand for it.
However, overfishing has severe repercussions for the market, affecting both the ecological health of marine environments and the economic stability of the seafood industry. The detrimental effects are broad, creating a chain of challenges that could jeopardize the sustainability and profitability of haddock fisheries for years to come.
Type Outlook
Based on type, the market is characterized into fresh, frozen, and smoked. The frozen segment procured 35.6% revenue share in the market in 2023. IN the terms of volume Frozen segment would attain a volume of 3,24,469.94 tonnes by 2031. haddock's significant position is driven by its longer shelf life and convenience, appealing to consumers who may not have immediate access to fresh seafood.
Distribution Channel Outlook
On the basis of distribution channel, the market is classified into retail stores, food service, supermarkets/hypermarkets, online sales, and others. The retail stores segment acquired 32.9% revenue share in the market in 2023. Thus, the retail stores segment would attain a volume of 2,14,900.20 tonnes by 2031. Retail stores are typically more accessible to the average consumer, providing easy access to fresh, frozen, and smoked haddock.
Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment garnered 24.6% revenue share in the market in 2023. In terms of volume the Asia Pacific region is expected to attain a volume of 1,99,609.82 tonnes by 2031. The demand for a variety of high-quality protein sources, such as seafood or haddock, is on the rise in many countries due to the growing middle class.
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.
Global Haddock Market Report Segmentation
By Type (Volume, Tonnes, USD Billion, 2020-2031)
By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)
- Retail Stores
- Supermarkets/Hypermarkets
- Food Service
- Online Sales
- Others
By Geography (Volume, Tonnes, USD Billion, 2020-2031)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Haddock Market, by Type
- 1.4.2 Global Haddock Market, by Distribution Channel
- 1.4.3 Global Haddock Market, by Geography
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
Chapter 4. Global Haddock Market by Type
- 4.1 Global Fresh Market by Region
- 4.2 Global Frozen Market by Region
- 4.3 Global Smoked Market by Region
Chapter 5. Global Haddock Market by Distribution Channel
- 5.1 Global Retail Stores Market by Region
- 5.2 Global Supermarkets/Hypermarkets Market by Region
- 5.3 Global Food Service Market by Region
- 5.4 Global Online Sales Market by Region
- 5.5 Global Others Market by Region
Chapter 6. Global Haddock Market by Region
- 6.1 North America Haddock Market
- 6.1.1 North America Haddock Market by Type
- 6.1.1.1 North America Fresh Market by Country
- 6.1.1.2 North America Frozen Market by Country
- 6.1.1.3 North America Smoked Market by Country
- 6.1.2 North America Haddock Market by Distribution Channel
- 6.1.2.1 North America Retail Stores Market by Country
- 6.1.2.2 North America Supermarkets/Hypermarkets Market by Country
- 6.1.2.3 North America Food Service Market by Country
- 6.1.2.4 North America Online Sales Market by Country
- 6.1.2.5 North America Others Market by Country
- 6.1.3 North America Haddock Market by Country
- 6.1.3.1 US Haddock Market
- 6.1.3.1.1 US Haddock Market by Type
- 6.1.3.1.2 US Haddock Market by Distribution Channel
- 6.1.3.2 Canada Haddock Market
- 6.1.3.2.1 Canada Haddock Market by Type
- 6.1.3.2.2 Canada Haddock Market by Distribution Channel
- 6.1.3.3 Mexico Haddock Market
- 6.1.3.3.1 Mexico Haddock Market by Type
- 6.1.3.3.2 Mexico Haddock Market by Distribution Channel
- 6.1.3.4 Rest of North America Haddock Market
- 6.1.3.4.1 Rest of North America Haddock Market by Type
- 6.1.3.4.2 Rest of North America Haddock Market by Distribution Channel
- 6.2 Europe Haddock Market
- 6.2.1 Europe Haddock Market by Type
- 6.2.1.1 Europe Fresh Market by Country
- 6.2.1.2 Europe Frozen Market by Country
- 6.2.1.3 Europe Smoked Market by Country
- 6.2.2 Europe Haddock Market by Distribution Channel
- 6.2.2.1 Europe Retail Stores Market by Country
- 6.2.2.2 Europe Supermarkets/Hypermarkets Market by Country
- 6.2.2.3 Europe Food Service Market by Country
- 6.2.2.4 Europe Online Sales Market by Country
- 6.2.2.5 Europe Others Market by Country
- 6.2.3 Europe Haddock Market by Country
- 6.2.3.1 Germany Haddock Market
- 6.2.3.1.1 Germany Haddock Market by Type
- 6.2.3.1.2 Germany Haddock Market by Distribution Channel
- 6.2.3.2 UK Haddock Market
- 6.2.3.2.1 UK Haddock Market by Type
- 6.2.3.2.2 UK Haddock Market by Distribution Channel
- 6.2.3.3 France Haddock Market
- 6.2.3.3.1 France Haddock Market by Type
- 6.2.3.3.2 France Haddock Market by Distribution Channel
- 6.2.3.4 Russia Haddock Market
- 6.2.3.4.1 Russia Haddock Market by Type
- 6.2.3.4.2 Russia Haddock Market by Distribution Channel
- 6.2.3.5 Spain Haddock Market
- 6.2.3.5.1 Spain Haddock Market by Type
- 6.2.3.5.2 Spain Haddock Market by Distribution Channel
- 6.2.3.6 Italy Haddock Market
- 6.2.3.6.1 Italy Haddock Market by Type
- 6.2.3.6.2 Italy Haddock Market by Distribution Channel
- 6.2.3.7 Rest of Europe Haddock Market
- 6.2.3.7.1 Rest of Europe Haddock Market by Type
- 6.2.3.7.2 Rest of Europe Haddock Market by Distribution Channel
- 6.3 Asia Pacific Haddock Market
- 6.3.1 Asia Pacific Haddock Market by Type
- 6.3.1.1 Asia Pacific Fresh Market by Country
- 6.3.1.2 Asia Pacific Frozen Market by Country
- 6.3.1.3 Asia Pacific Smoked Market by Country
- 6.3.2 Asia Pacific Haddock Market by Distribution Channel
- 6.3.2.1 Asia Pacific Retail Stores Market by Country
- 6.3.2.2 Asia Pacific Supermarkets/Hypermarkets Market by Country
- 6.3.2.3 Asia Pacific Food Service Market by Country
- 6.3.2.4 Asia Pacific Online Sales Market by Country
- 6.3.2.5 Asia Pacific Others Market by Country
- 6.3.3 Asia Pacific Haddock Market by Country
- 6.3.3.1 China Haddock Market
- 6.3.3.1.1 China Haddock Market by Type
- 6.3.3.1.2 China Haddock Market by Distribution Channel
- 6.3.3.2 Japan Haddock Market
- 6.3.3.2.1 Japan Haddock Market by Type
- 6.3.3.2.2 Japan Haddock Market by Distribution Channel
- 6.3.3.3 India Haddock Market
- 6.3.3.3.1 India Haddock Market by Type
- 6.3.3.3.2 India Haddock Market by Distribution Channel
- 6.3.3.4 South Korea Haddock Market
- 6.3.3.4.1 South Korea Haddock Market by Type
- 6.3.3.4.2 South Korea Haddock Market by Distribution Channel
- 6.3.3.5 Singapore Haddock Market
- 6.3.3.5.1 Singapore Haddock Market by Type
- 6.3.3.5.2 Singapore Haddock Market by Distribution Channel
- 6.3.3.6 Malaysia Haddock Market
- 6.3.3.6.1 Malaysia Haddock Market by Type
- 6.3.3.6.2 Malaysia Haddock Market by Distribution Channel
- 6.3.3.7 Rest of Asia Pacific Haddock Market
- 6.3.3.7.1 Rest of Asia Pacific Haddock Market by Type
- 6.3.3.7.2 Rest of Asia Pacific Haddock Market by Distribution Channel
- 6.4 LAMEA Haddock Market
- 6.4.1 LAMEA Haddock Market by Type
- 6.4.1.1 LAMEA Fresh Market by Country
- 6.4.1.2 LAMEA Frozen Market by Country
- 6.4.1.3 LAMEA Smoked Market by Country
- 6.4.2 LAMEA Haddock Market by Distribution Channel
- 6.4.2.1 LAMEA Retail Stores Market by Country
- 6.4.2.2 LAMEA Supermarkets/Hypermarkets Market by Country
- 6.4.2.3 LAMEA Food Service Market by Country
- 6.4.2.4 LAMEA Online Sales Market by Country
- 6.4.2.5 LAMEA Others Market by Country
- 6.4.3 LAMEA Haddock Market by Country
- 6.4.3.1 Brazil Haddock Market
- 6.4.3.1.1 Brazil Haddock Market by Type
- 6.4.3.1.2 Brazil Haddock Market by Distribution Channel
- 6.4.3.2 Argentina Haddock Market
- 6.4.3.2.1 Argentina Haddock Market by Type
- 6.4.3.2.2 Argentina Haddock Market by Distribution Channel
- 6.4.3.3 UAE Haddock Market
- 6.4.3.3.1 UAE Haddock Market by Type
- 6.4.3.3.2 UAE Haddock Market by Distribution Channel
- 6.4.3.4 Saudi Arabia Haddock Market
- 6.4.3.4.1 Saudi Arabia Haddock Market by Type
- 6.4.3.4.2 Saudi Arabia Haddock Market by Distribution Channel
- 6.4.3.5 South Africa Haddock Market
- 6.4.3.5.1 South Africa Haddock Market by Type
- 6.4.3.5.2 South Africa Haddock Market by Distribution Channel
- 6.4.3.6 Nigeria Haddock Market
- 6.4.3.6.1 Nigeria Haddock Market by Type
- 6.4.3.6.2 Nigeria Haddock Market by Distribution Channel
- 6.4.3.7 Rest of LAMEA Haddock Market
- 6.4.3.7.1 Rest of LAMEA Haddock Market by Type
- 6.4.3.7.2 Rest of LAMEA Haddock Market by Distribution Channel
Chapter 7. Company Profiles
- 7.1 Ocean More Foods Co., Limited
- 7.1.1 Company Overview
- 7.1.2 SWOT Analysis
- 7.2 Channel Fish Processing
- 7.2.1 Company Overview
- 7.2.2 SWOT Analysis
- 7.3 Channel Seafoods International, LLC
- 7.3.1 Company Overview
- 7.3.2 SWOT Analysis
- 7.4 CTLE Seafood, Inc.
- 7.4.1 Company Overview
- 7.4.2 SWOT Analysis
- 7.5 Holmes Seafood Ltd. (Brasmar)
- 7.5.1 Company Overview
- 7.5.2 SWOT Analysis
- 7.6 Hottlet Frozen Foods N.V.
- 7.6.1 Company Overview
- 7.6.2 SWOT Analysis
- 7.7 Marz Seafood
- 7.7.1 Company Overview
- 7.7.2 SWOT Analysis
- 7.8 Seacore Seafood Inc.
- 7.8.1 Company Overview
- 7.8.2 SWOT Analysis
- 7.9 Polar Seafood Greenland A/S
- 7.9.1 Company Overview
- 7.9.2 SWOT Analysis
- 7.10. The Fish Company ltd.
- 7.10.1 Company Overview
- 7.10.2 SWOT Analysis
Chapter 8. Winning Imperatives of Haddock Market