Press release
Wild Pollock Market: Alaska Pollock is Estimated to Account for 90% Share of the Market Revenue by 2031
Wild Pollock Market
The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.
The report offers actionable and valuable market insights of Wild Pollock. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Wild Pollock Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Wild Pollock market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Wild Pollock
This newly published and insightful report sheds light on Market Insights of Wild Pollock, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Wild Pollock Market.
The global wild pollock market has witnessed a slow growth at a CAGR of 1.2% over the past half-decade. Since the past half-decade, consumers have been inclining towards protein rich fishes such as wild pollock, salmon, tuna and cod, of which wild pollock are highly preferred, owing to its good source of protein, selenium, vitamin B12, and phosphorous. Apart from the nutritional abundance, its low risk of environmental toxins and price play a major part in consumer inclination towards wild pollock.
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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
End-use Industry
Household(Retail)
Foodservice (HORECA)
Pharmaceutical & Nutraceutical Industry
Distribution Channel
Business to Business
Business to Customer
Grocery Stores
Hypermarket/ Supermarket
Online Sales Channel
Regions
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
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Global Wild Pollock Market: Competitive Analysis
The global wild pollock market shows a fair level of consolidation. Norebo Holdings, Russian Fishery Company, Gidrostroy, Starbound LLC, C/P Northern Hawk Ltd, Trident Seafoods, Arctic Storm Limited, Eastern Fish Company, and Glacier Fish Company are the key market players. Of the mentioned players, Norebo Holdings, Russian Fishery Company, and American Seafoods account for nearly quarter of the global supply of wild pollock.
Key strategies adopted by the companies are aggressive and take an organic market approach. For instance, Maruha Nichiro Corp.’s decision to increase their production capacity and product innovation strategy will play an instrumental role in improving its market share over the forecast period.
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
“The global wild pollock market is witnessing significant volatility in prices due to the trade war between United States and China. While Russian companies are banking upon low cost, their U.S. counterparts are highlighting MSC certification as their key value proposition.”, -says the Fact.MR analyst
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Key Question answered in the survey of Wild Pollock market report:
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Growth of Wild Pollock Market
Market Analysis of Wild Pollock
Market Insights of Wild Pollock
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More Valuable Insights on Wild Pollock Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Wild Pollock, Sales and Demand of Wild Pollock, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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