The global haddock market size was US$ 712.4 million in 2021. The global haddock market size is forecast to reach US$ 1,123.4 million by 2030, growing at a compound annual growth rate (CAGR) of 4.9% during the forecast period from 2022 to 2030.

Haddock is a member of the cod family with a mild flavor and firm flesh. This fish is interchangeable with cod, but it has a slightly sweeter taste, so it's the best white fish for smoking. The fish is usually available fresh, frozen, or smoked. In addition, haddock is popular among seafood consumers for its high protein content, low mercury levels, and low-calorie content. These fish live primarily in the North Atlantic Ocean and associated seas. There are a number of local names for haddock in different parts of Britain. Haddock has several local names: adag, attac, haddie, luckenar, nockie, peterfish, pipe, poot, pout, rawn, and roan.

Factors Influencing Market Growth

• The rising demand for processed seafood and production of haddock is forecast to drive the haddock market during the forecast period.
• The availability of haddock, despite the fact that it is a rare product, and growing awareness of its nutritional value and health benefits are forecast to support the global haddock market growth during the forecast period. 
• A growing trend in haddock consumption based on its nutritional qualities as it is richer in vitamins A, B12, B6, and B3 is fueling the market growth.

Impact Analysis of COVID-19

The outbreak of COVID-19 has adversely affected the growth of the haddock market. As a result of the COVID-19 pandemic, government officials worldwide imposed a lockdown in order to contain the virus, which temporarily halted production activities, leading to a decrease in exports and imports. The decreased demand from the food services sector has also adversely impacted the haddock market in 2020.

Regional Insights 

The Asia Pacific region is forecast to grow at a significant CAGR in the haddock market during the forecast period. Increasing demand for ready-to-eat and ready-to-cook seafood and rising disposable income are major factors contributing to this trend. There has been an increasing awareness of newer types of products and offerings, which have raised consumer awareness. Due to increasing concerns about the adverse effects of excessive red meat consumption, demand for smoked and frozen haddock is forecast to increase significantly in the Asia-Pacific region. 

Leading Competitors

The leading prominent companies profiled in the global haddock market are:

• Channel Fish Processing
• Channel Seafoods International
• CTLE Seafood, Incorporated
• Holmes Seafood
• Hottlet Frozen Foods
• Marz Seafood
• Ocean More Foods Co., Limited
• Polar Seafood Greenland A/S
• Seacore Seafood Incorporated
• The Fish Company
• Other Prominent Players

Scope of the Report

The global haddock market segmentation focuses on Type, Distribution Channel, and Region.

Segmentation based on Type

• Fresh
• Frozen
• Smoked

Segmentation based on Distribution Channel

• Retail Stores
• Supermarkets/Hypermarkets
• Food Service
• Online Sales
• Others

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America