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Groundfish contribute significantly to global food security, economic growth, export profits, employment, and livelihoods. The groundfish fishery is a critical step in ensuring the long-term economic viability of fisheries across the world. The industry is expected to rise considerably in the future years as people become more aware about the health benefits of consuming groundfish. Seafood products are in high demand globally due to their high protein, phosphorus, and selenium content. It serves as a vital source of low-fat protein for athletes and bodybuilders, thereby propelling global groundfish market forward.
This comprehensive analysis of the global groundfish market includes the primary vendors' effective business approaches. Because the groundfish industry is fragmented, providers are employing a variety of organic as well as inorganic expansion methods to stay competitive. Market players need to focus more on the growth possibilities in the rapidly growing sectors, whilst retaining their positions in the sluggish segments, to reap benefits from the possibilities and recover from the post-COVID-19 effect. The global groundfish market study delves deeper into major vendor profiles and provides information in great detail. The profiles provide information on the major firms' output, sustainability, and future prospects.
This study from Transparency Market Research (TMR) provides a complete insight of the global Groundfish Market. It provides well-researched data on a variety of market aspects in order to provide useful business input for profit generation.
The noted players that are operational in the global groundfish market are Global Seafoods North America LLC., Youngs Seafood Ltd., AS More Codfish Co., Greenland Seafood Europe GmbH, Nomad Foods Ltd., and High Liner Foods Inc.
Below-mentioned market trends and opportunities mark the global groundfish market:
High Nutrient Content Sea Fishes are Likely to Spell Growth for the Market
Protein-rich fishes such as Hake, Atlantic cod, Blue Whiting, Alaska Pollock, and many others have been popular amongst customers over the last few years. Alaska Pollock is chosen because of its rich vitamin B12, protein, selenium, and phosphorus content. Apart from its nutritional value, Alaska Pollock's minimal toxicity risk and low price are important factors in consumer preference.
Furthermore, mild taste, the meaty texture, and searing white flesh of the Atlantic codfish are well-known. Cod liver oil is made from codfish livers in the food processing sector. In the food processing business, codfish livers are utilized to produce cod liver oil. Due to customer preferences for big sizes, the industry is expected to gain substantial market share throughout the projected period.
According to our findings, there has been a positive influence on the market during and after the COVID-19 epoch. Although issues such as the risk of overfishing may hamper growth of the global Groundfish market, launch of new product are likely to propel the market forward. Our experts analyzed historical data to determine the major market drivers and the impact of the COVID-19 pandemic on the groundfish business.
This groundfish market study also includes details on key forthcoming trends and obstacles that will have a significant impact on market growth. Companies will be able to assess and build growth plans using the actionable information on trends and obstacles.
Europe is likely to account for a large chunk of the global Groundfish Market during the forecast period, from 2021 to 2031. The Netherlands, the UK, and Spain are Europe's top groundfish markets. The pace of market growth in Europe, on the other hand, is likely to be slower than in other areas.
This market research study includes extensive information on competition intelligence, marketing gaps, and geographical prospects for suppliers, all of which is likely to aid in the development of effective business plans.
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Groundfish Market
