The latest report by IMARC Group, titled “COD Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the COD (fish) market growth. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global COD market size reached US$ 10.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032.
COD Market Trends:
The market is primarily influenced by the consumer preference for cash transactions, especially in regions with lower banking penetration or digital payment infrastructure. Apart from this, e-commerce expansion into semi-urban and rural areas, coupled with increased internet accessibility, widens the market reach as a preferred payment method. Similarly, increasing concerns over online payment security and fraud, offering consumers a sense of security and trust in their transactions propel the market expansion.
Furthermore, flexible payment options such as partial COD payments or COD with digital wallets cater to varied consumer preferences, supporting adoption rates in the market. Additionally, increasing partnerships between e-commerce platforms and logistics providers to enhance COD delivery efficiency and reliability further stimulate market growth. Moreover, government initiatives promoting financial inclusion and digital literacy contribute to COD market reach by addressing barriers to digital payments.
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The scope of the global market presents promising growth prospects driven by evolving consumer behaviors and expanding e-commerce landscapes. With increasing internet penetration and smartphone adoption globally, particularly in emerging markets, the accessibility and convenience of online shopping continue to rise and enhance the market scope. This trend, coupled with growing consumer confidence in e-commerce platforms, significantly augments the uptake of COD services, thereby driving scope in the market.
Moreover, continual technological advancements in logistics and payment processing systems streamline COD operations, improving efficiency and customer satisfaction. According to market analysis, the integration of COD with digital payment solutions offers hybrid payment options, appealing to a broader demographic spectrum. As e-commerce continues to thrive and expand into untapped markets, the market scope is poised for robust growth, supported by innovations in payment security, logistics infrastructure, and consumer engagement strategies.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Aalesundfish AS
- Alliance Seafood AS
- ANDREAS BJØRGE SEAFOOD AS
- Arctic Catch AS
- Iceland Seafood International hf
- Lerøy Seafood Group ASA
- Norebo Holding JSC
- Norges Sjømatråd AS
- Norsk Sjømat AS.
COD Market Segmentation:
Our report has categorized the market based on region, species, source, product type and distribution channel.
Breakup by Species:
- Atlantic Cod Fish
- Pacific Cod Fish
- Greenland Cod Fish
- Others
Breakup by Source:
- Farmed
- Wild Capture
Breakup by Product Type:
- Fresh
- Canned
- Frozen
- Others
Breakup by Distribution Channel:
- Institutional
- Retail
- Direct Sales
- Supermarkets and Hypermarkets
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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