The global wild pollock market has foreseen a sluggish expansion at a CAGR of 1.2% over the past half-decade, however, is now poised to register a CAGR of 1.7% during 2020-2030. Myriad health advantages provided by wild pollock keep on to influence the market demand. However, the COVID-19 pandemic has concentrated demand for wild pollock as extended lockdowns in several nations have put a halt to the manufacturing and wild pollock-based product sales over the past month, as major manufacturing factories and units are shut.
“Customers’ preference for protein-rich foods along the lines of increased health consciousness amid the COVID-19 pandemic is projected to boost the demand for wild pollock and quicken the pace of recovery from the crisis.” says the Fact.MR analyst.
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Wild Pollock Market – Key Takeaways
Wild Pollock Market – Driving Factors
Wild Pollock Market – Constraints
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Anticipated Market Impact by COVID-19 Outbreak
The COVID-19 pandemic has influenced the wild Pollock market due to several factors such as low demand, supply-chain disruption, shutdown key manufacturing factories, and units along with other macro-economic factors such as demand contraction, buying power, and others. Partial uplift of the lockdown is likely to restore manufacturing to normal in the global wild pollock market.
Companies identified in the wild pollock market include Russian Fishery Company, Norebo Holdings, Gidrostroy, C/P Northern Hawk Ltd, Starbound LLC, Trident Seafoods, Eastern Fish Company, Arctic Storm Limited, and Glacier Fish Company. Among the mentioned companies, American Seafoods, Russian Fishery Company, and Norebo Holdings hold almost a quarter of the worldwide supply of wild pollock.
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More on the Report
The FACT.MR’s market research report provides in-depth insights into the wild pollock market. The market is scrutinized on the basis of species (Alaska Pollock and Atlantic Pollock) form,( fresh, (whole fillet,) frozen, (whole fillet,) Canned), end-use industry (household(retail), foodservice(HORECA) and pharmaceutical & nutraceutical industry), and distribution channel (business to business, business to customer, grocery stores, supermarket/hypermarket and online sales channel) across seven major regions (North America, Europe, East Asia, South Asia, Oceania, Latin America, and Middle East & Africa (MEA)
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