2025 Groundfish Market Report - Industry Size, Competition, Trends and Growth Opportunities by Region - Forecast by Types and Applications (2024-2032)

The groundfish market refers to the global trade of various species of fish that live and are caught near the ocean floor, such as cod, haddock, pollock, flounder, and sole. These species are typically found in cold waters and are often harvested using bottom trawling or other fishing methods that target fish living close to the seafloor.

The groundfish market is a significant part of the seafood industry, and groundfish are commonly used in a wide range of products, including fresh and frozen fillets, fish sticks, and surimi (a processed fish product commonly used to make imitation crab and other seafood). Groundfish are also used for industrial purposes such as fishmeal and fish oil production.

The demand for groundfish varies depending on factors such as seasonality, catch availability, and consumer preferences. Groundfish are consumed worldwide, with major markets in North America, Europe, and Asia. The market for groundfish is highly competitive, with many players operating across the supply chain, including fishing vessels, processors, distributors, and retailers.

The sustainability of the groundfish market is a growing concern due to overfishing, habitat destruction, and other environmental issues. As a result, many industry stakeholders have implemented measures to promote sustainable fishing practices, including the use of more selective fishing gear, fishing quotas, and certification programs such as the Marine Stewardship Council.

Groundfish Market Strategy, Price Trends, Drivers, Challenges and Opportunities to 2032

In terms of market strategy, price trends, drivers, challenges, and opportunities through 2032, Groundfish market players are directing investments toward acquiring new technologies, securing raw materials through efficient procurement and inventory management, enhancing product portfolios, and leveraging capabilities to sustain growth amidst challenging conditions.

Few of the major trends in Groundfish market and in relevant broader spectrum are

• The accelerated adoption of online platforms for Groundfish purchases is reshaping distribution channels and customer engagement
• Groundfish Companies focused on strengthening their domestic supply chains and operations, and by acquiring suppliers strategically to avoid tariff issues.
• Sustainable packaging solutions and innovations in materials are becoming pivotal as the Groundfish industry addresses environmental concerns
• Increased impact of influencers on Gen-Z consumer group, and spiking spending on functional and healthy foods that help boost the immune system
• Companies are increasingly implementing Artificial Intelligence (A.I.) in Groundfish processes, along with other digitalization methods to effectively manage the procurement, processing, and distribution
• Organic, Vegan, bio-based, Canned/ Ready-to-Eat (RTE), clean label, and sustainable are identified as the top-performing strategies
• Mergers and acquisitions to acquire new technologies, strengthen portfolios, and leverage capabilities to remain key strategies of top companies in the Groundfish industry over the outlook period.

The market study delivers a comprehensive overview of current trends and developments in the Groundfish industry, complemented by detailed descriptive and prescriptive analyses for insights into the market landscape until 2032.

Groundfish Market Data, Segmentation and Growth Outlook

The research report provides in-depth Groundfish market data including current Groundfish industry size, Groundfish Market Share, and Growth Rates (CAGR) by product types, applications, and end-users with annual forecast till 2032.

The study provides a strategic insight into the Groundfish market across five major geographical regions and key country levels, with corresponding future potential. This enables the client to identify the most potential segment from their growth rates with future drivers and challenges.

The research considered 2019 to 2023 as historical years, 2024 as the base year, and 2025 as the estimated year, with an outlook from 2026 to 2032. The report identifies the most profitable products of the Groundfish market to promote, dominant end users/ Groundfish consumers to focus on, and evolving distribution channels of the Groundfish to explore, in each region.

Future of Groundfish Market -Driving Factors and Hindering Challenges

Groundfish Market Revenue is expected to grow at a healthy CAGR propelled by staggering demand from millennials and emerging markets. Technological advances in the Groundfish market enabling efficient production, expanding product portfolio, sophisticated design and packaging, effective operational maintenance, and sales monitoring are key growth drivers.

However, supply chain disruptions, complying with stringent regulations on food safety and labeling, growing competition, sustaining inflation in key markets, and fluctuating raw material prices surging input costs are some of the Groundfish market restraints over the forecast period.

Groundfish Market Analytics

The research analyses various direct and indirect forces that can impact the Groundfish market supply and demand conditions. The parent market, derived market, intermediaries’ market are analyzed to evaluate the full supply chain and possible alternatives and substitutes. Geopolitical analysis, demographic analysis, and Porter’s five forces analysis are prudently assessed to estimate the best Groundfish market projections.

Recent deals and developments are considered for their potential impact on Groundfish's future business. Other metrics analyzed include Threat of New Entrants, Threat of Substitutes, Degree of Competition, Number of Suppliers, Distribution Channel, Capital Needed, Entry Barriers, Govt. Regulations, Beneficial Alternative, and Cost of Substitute in Groundfish Market.

Groundfish trade and price analysis helps comprehend Groundfish's international market scenario with top exporters/suppliers and top importers/customer information. The data and analysis assist our clients in planning procurement, identifying potential vendors/clients to associate with, understanding Groundfish price trends and patterns, and exploring new Groundfish sales channels. The research will be updated to the latest month to include the impact of the latest developments such as the Russia-Ukraine war on the Groundfish market.

Groundfish Market Competitive Intelligence

The proprietary company revenue and product analysis model unveils the Groundfish market structure and competitive landscape. Company profiles of key players with a business description, product portfolio, SWOT analysis, Financial Analysis, and key strategies are covered in the report. It identifies top-performing Groundfish products in global and regional markets. New Product Launches, Investment & Funding updates, Mergers & Acquisitions, Collaboration & Partnership, Awards and Agreements, Expansion, and other developments give our clients the Groundfish market update to stay ahead of the competition.

Company offerings in different segments across Asia-Pacific, Europe, Middle East, Africa, and South and Central America are presented to better understand the company strategy for the Groundfish market. The competition analysis enables the user to assess competitor strategies and helps align their capabilities and resources for future growth prospects to improve their market share.

Groundfish Market Geographic Analysis:

Groundfish Market's international scenario is well established in the report with separate chapters on North America Groundfish Market, Europe Groundfish Market, Asia-Pacific Groundfish Market, Middle East and Africa Groundfish Market, and South and Central America Groundfish Markets. These sections further fragment the regional Groundfish market by type, application, end-user, and country.

Country-level intelligence includes

• North America Groundfish Industry (United States, Canada, Mexico)
• Europe Groundfish Industry (Germany, France, United Kingdom, Italy, Spain, BeNeLux, Russia, Ukraine, Rest of Europe)
• Asia-Pacific Groundfish Industry (China, India, Japan, South Korea, Australia, Indonesia, Vietnam, Thailand, Malaysia, Singapore, Rest of APAC)
• The Middle East and Africa Groundfish Industry (Saudi Arabia, UAE, Iran, South Africa, Egypt, Nigeria)
• South and Central America Groundfish Industry (Brazil, Argentina, Chile, Peru, Rest of SCA)

Groundfish market regional insights present the most promising markets to invest in and emerging markets to expand to contemporary regulations to adhere to and players to partner with.

Available Customizations

The standard syndicate report is designed to serve the common interests of Groundfish Market players across the value chain and include selective data and analysis from entire research findings as per the scope and price of the publication.

However, to precisely match the specific research requirements of individual clients, we offer several customization options to include the data and analysis of interest in the final deliverable.

Some of the customization requests are as mentioned below

• Segmentation of choice - Our clients can seek customization to modify/add a market division for types/applications/end-uses/processes of their choice.
• Groundfish Pricing and Margins Across the Supply Chain, Groundfish Price Analysis / International Trade Data / Import-Export Analysis, Supply Chain Analysis, Supply - Demand Gap Analysis, PESTLE Analysis, Macro-Economic Analysis, and other Groundfish market analytics
• Processing and manufacturing requirements, Patent Analysis, Technology Trends, and Product Innovations
• Further, the client can seek customization to break down geographies as per their requirements for specific countries/country groups such as South East Asia, Central Asia, Emerging and Developing Asia, Western Europe, Eastern Europe, Benelux, Emerging and Developing Europe, Nordic countries, North Africa, Sub-Saharan Africa, Caribbean, The Middle East and North Africa (MENA), Gulf Cooperation Council (GCC) or any other.
• Capital Requirements, Income Projections, Profit Forecasts, and other parameters to prepare a detailed project report to present to Banks/Investment Agencies.

Key Questions Answered in This Report:

• What is the current Groundfish market size at global, regional, and country levels?
• What is the market penetration by different types, Applications, processes/technologies, and distribution channels of the Groundfish market?
• How has the global Groundfish market developed in past years and how will it perform in the coming years?
• What is the impact of ongoing wars, geo-political tensions, voyage/trade disturbances, and global inflation, on the Groundfish market forecast?
• How diversified is the Groundfish Market and what are the new product launches, untapped geographies, recent developments, and investments?
• What are the potential regional Groundfish markets to invest in?
• What is the high-performing type of products to focus on in the Groundfish market?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global Groundfish market and who are the key players?
• What is the degree of competition in the industry?
• What is the market structure /Groundfish Market Competitive Intelligence? Who are the key competitors to focus on and what are their strategies?

This product will be delivered within 1-3 business days.