Globally, wild pollock is amongst the top ten, most consumed fish, and it has continued to witness a healthy demand from consumers as a high-protein, low-cholesterol fish variant. Wild pollock has gained significant traction among consumers as an affordable alternative to cod fish. Brimming with potential, the wild pollock market is projected to grow at a CAGR of 6% as revealed by Fact.MR. This growth is backed by rigorous initiatives by GAPP (Genuine Alaska Pollock Producers) organization for marketing wild pollock thus increasing its market share in the global cod fish market. Within the supply chain, tier-1 players have also ventured into the production of several ready-to-eat products containing wild pollock as an ingredient.
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Key Takeaways from the Wild Pollock Market
- Together North America and Europe have grabbed more than 2/3rd of the market share and consumption in these regions is growing at a higher pace as compared to other regions.
- Vertical integration is the key strategy of manufacturers for gaining more control over supply chain and reducing production costs
- Over the last three years, the government in Russia has pioneered investments in fleet renewal and has also allocated a fishing quota for new vessels, thereby increasing the wild pollock supply capacity of Russian companies
- Russia is supplying wild pollock to a majority of European countries at a significantly low cost, thereby offering strong competition to North American suppliers
- Leading wild pollock harvesting companies are focused on increasing their harvesting quota and controlling primary processing as part of the value chain at a relatively low cost
- Mergers and acquisitions have been observed in the recent past among European companies, especially for increasing business and vessel fleet renewal
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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.
- Alaska Pollock
- Atlantic Pollock
- Foodservice (HORECA)
- Pharmaceutical & Nutraceutical Industry
- Business to Business
- Business to Customer
- Grocery Stores
- Hypermarket/ Supermarket
- Online Sales Channel
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
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After reading the Wild Pollock Market report, readers can:
- Understand the drivers, restraints, opportunities and trends affecting the growth of the global .
- Analyze key regions holding significant share of the total Wild Pollock Market revenue.
- Study the growth outlook of the global Wild Pollock Market scenario, including production, consumption, history and forecast.
- Learn consumption pattern and impact of each end use on the Wild Pollock Market growth.
- Investigate the recent R&D projects performed by each Wild Pollock Market player.
The Wild Pollock Market report answers important questions which include:
- What does the status of the Wild Pollock Market?
- Wild Pollock Market look like after the forecast period?
- Which region has the highest contribution to the global Wild Pollock Market and why?
- Which players remain at the top of the Wild Pollock Market?
- What opportunities are available for the Wild Pollock Market players to expand their production footprint?
- Which segment has the maximum impact on the Wild Pollock Market?
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