Sales of Wild Pollock Market to Grow 1.2X by 2030

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.

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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. 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.

wild pollock market analysis and forecast by species

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.

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Wild Pollock Market: Key Segmentation

Fact.MR has studied the wild pollock market with detailed segmentation on the basis of species, form, end-use industry, distribution channel, and key regions.

Species

  • Alaska Pollock
  • Atlantic Pollock

Form

  • Fresh
  • Whole
  • Fillet
  • Frozen
  • Whole
  • Fillet
  • Canned

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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.

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