Wild Pollock Producers Optimizing Supply Chain through Vertical Integration
Wild pollock is harvested in Alaska and the Atlantic areas where U.S. and Russian fishing companies have dominance. However, they are imported by several countries from where they are re-exported to other countries in whole, frozen and canned formats. Historically, the wild pollock market has performed well. However, due to government regulations related to harvesting quota, the wild pollock market has witnessed significant leaps and bounds over the last 6 years. With a projected consumption of more than 3.5 Mn Ton by 2020, wild pollock will witness a strong demand as a high-protein, low-cholesterol fish variant. To cater to the anticipated surge in demand, producers are adopting a vertical integration strategy to reduce production costs, gain more control over the supply chain, and capture upstream profits.
Chinese Market Gaining Traction: Receiving Tailwind from Thriving Imports
New Regulations in China on labeling and local selling of wild pollock is likely to create significant opportunities for the global wild pollock market over the forecast period. In East Asian and South Asian countries, a large part of wild pollock consumption is dependent on imports. China’s consumption of wild pollock is increasing year-on-year, and to cater to this, the country imports fish from various regions. This in turn creates opportunities for the companies engaged in the production of wild pollock to expand their exports and overall business footprint. However, the trade war between U.S. and China could hamper seafood manufacturers in North America. To offset this, several companies are establishing strong partnerships and relationships with packaging and processing facilities in Mexico, Peru, Thailand, and Indonesia.
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Transformation in Operational Framework to Reduce Effort and Sharpen Profit Margins
- More than 30% of wild pollock harvested globally is not Marine Stewardship Council (MSC) certified.
- Thus 1/3rd of industrial wild pollock quota is still fragmented, presenting opportunities for volume growth of leading players. Government policies for increasing production and fleet renewal has provided additional fishing quota for new vessels.
- By 2020, more than 4 million vessels will traverse the oceans for fishing. Several companies operating in the wild pollock market are also increasing their number of vessels in their fleets to acquire maximum quota for harvesting.
- Remarkable progress has been made by companies in vessel design, construction, and shipbuilding for increasing production efficiency.
- Efficient fleets capable of capturing large quantities of fish have successfully replaced foreign fleets in offshore fisheries.
- However, harvesting quota allocated to companies can restrict growth in the market share of companies. Besides, numerous traditional fishing boats and small craft are continuing to dominate the market.
Competition heating up, U.S. and Russian Players at the Forefront
The increased trade of US exports and low prices of Russian pollock has attracted several Chinese pollock processers to Russian companies. This changed in January 2019 when the Russian Federation increased tariff on wild pollock by 24 percent, making US companies more competitive. The United States has also increased its harvesting quota; however, the companies are focusing more on business to consumer products. Tier 1 players operating in the wild pollock market have significant growth potential through M&A and fleet renewal. Trident Seafood Corporation, and Maruha Nichiro Corp. have a strong global footprint, whereas Pacific Andes International Holdings Ltd., American Seafoods Company LLC, Russian Fishery Company and Jeka Group have a moderate foothold.
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The Alaskan pollock industry has the backing and support of ‘GAPP’ (Genuine Alaska Pollock Producers) association, which is focused on demand and resurgence of wild pollock. In 2019, the association awarded US$ 1 Million to 12 North American companies to market their pollock products. Further, the organization has planned a versatile marketing strategy for 2019-2020 under which the association is prioritizing consumer research. Future plans of GAPP association includes understanding preferences of target consumers.
Some noteworthy developments in the wild pollock market are as follow:
- September 2019: USDA announced ‘Trident Seafoods as the winner of a bid for nearly US $40 million of frozen pollock fillets
- April 2019: Maruha Nichiro Corp acquired 33.3% stake in Inlet Seafish S.L., this acquisition has helped it to expand in Europe
- April 2019: American Seafoods Company LLC announced membership with Pet Sustainability Coalition. The company is making significant progress in developing wild pollock based pet foods
- July 2019: Russian Fishery Company expanded its retail sales of Alaska Pollock products under the Nordeco retail brand
- February 2019: Norebo and St Petersburg’s Northern Shipyard signed a contract to build four additional trawlers, which will increase company’s harvest capacity over the forecast period
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Global Wild Pollock Market – Scope of the Report
The wild pollock market is anticipated to observe significant growth in the forecast period 2019 to 2029, according to a Fact.MR study. The study propounds key trends that are currently shaping the growth of the wild pollock market. This newly published and insightful report sheds light on key dynamics, and trade analysis which are expected to transform the future of the wild pollock market, in turn, creating flourishing avenues for prominent companies as well as emerging players associated with the production of wild pollock.
The wild pollock market study is a sinuous market intelligence on key revenue growth drivers, challenges, industry trends, and opportunities, which will eventually influence growth trajectory of the wild pollock market. The report initially imparts an overview of the wild pollock market, considering current and future prospects in the growth, to unveil attractive facets appertaining to the adoption of wild pollock across key regional markets.
An in-depth assessment on leading wild pollock manufacturers offered in the report enables the report readers to gain detailed insights that are derived from the wild pollock harvesters across regional markets incorporated in the report. A list of key companies operating in the wild pollock market provided in the report adds to the credibility of this exhaustive research study.
Global Wild Pollock Market: Opportunity Analysis
The study offers detailed intelligence on different factors influencing demand, sales, and revenue generation in the wild pollock market around the world. The opportunity analysis included in the report is beneficial for the readers to better understand opportunities in the wild pollock market in key regions, which will, in turn, trigger the adoption of wild pollock. An elaborated cost structure analysis provides the report with an innate completeness, and analysis offered on the cost structure involves all the regional markets incorporated.
A detailed forecast on the global wild pollock market has also been offered by experts, who have categorized the market forecasts into a likely scenario, a conservative scenario, and an optimistic scenario regarding adoption and involvement of the global wild pollock market across the forecast period. Analysis and assessment of price point by region has also been included in this study. The study also exerts details on aspects impacting strategies of the manufacturers within the global wild pollock market.
Global Wild Pollock Market: Segmentation
Segmentation table of the global wild pollock market has been provided below on the basis of species, form, end use industry, distribution channel and region.
|
Species |
Form |
End Use Industry |
Distribution Channel |
Region |
|
Alaska Pollock |
Fresh |
Household (Retail) |
Business to Business |
North America |
|
Atlantic Pollock |
|
Food Services (HORECA) |
Business to Customer |
Latin America |
|
|
|
Pharmaceutical & Nutraceutical Industry |
|
Europe |
|
|
Frozen |
|
|
East Asia |
|
|
|
|
|
South Asia and Oceania |
|
|
|
|
|
MEA |
|
|
Canned |
|
|
|
Global Wild Pollock Market: Analysis on Market Size Evaluation
Market valuation at global and regional scale for the global wild pollock market is offered in terms of “US$ Mn.” The global wild pollock volume data is validated by industry experts. A Y-o-Y growth comparison on the key wild pollock market segments, along with the market attractiveness assessment quantifies insights delivered in the report. Metrics mentioned above are also tracked based on wild pollock consumption across several regions where wild pollock witnesses a growing demand.
Global Wild Pollock Market: Scrutinized Assessment on Regional Segments
Weighted chapters have been included in the report on the global wild pollock market, which imparts a forecast on the regional markets recognizing the regional macros (business, economic and political environment outlook), which are expected to have an impact on the growth of the global wild pollock market in the near future.
Country-specific assessment on the demand for wild pollock have also been provided for each regional market, along with the market size valuation, price point assessment, price index, and impact analysis of key regional and country-wise dynamics. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report.
Global Wild Pollock Market: In-depth Analysis on Competitive Landscape
The report concludes with a weighted chapter on the competition landscape considering up-to-date and essential developments related to the market players, who predominantly engage in the production and distribution of wild pollock along with a comprehensive SWOT analysis on each player identified together with the company strategies, identification, and analysis. Market share comparison and analysis of these market players offered in the report enables the reader to devise strategies for their businesses.
The intensity mapping of the market players operating in the global wild pollock market provides readers with actionable intelligence, which helps in understanding the current market status and prospects determining the competition levels in the global wild pollock market.
1. Executive Summary
1.1. Global Market Overview
1.2. Summary of Statistics and analysis
1.3. Fact.MR Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.1.1. Taxonomy
2.2. Market Introduction
2.3. Market Definition
3. Market Background
3.1. Global Seafood Industry
3.2. Certification & Ratings Collaboration
3.3. Atlantic Pollock Average Landings – (2016-2018)
3.4. Total Alaska Pollock Catch landed by Fleet - 2018
3.5. Global Wild Pollock Import Export Trade Flow
3.6. Alaska Pollock – Import, Export and Consumption Statistics, 2018
3.7. Forecast Scenario
3.7.1. Forecast Factors
3.8. Value Chain Analysis
3.9. Market Dynamics
3.9.1. Drivers
3.9.1.1. Supply Side Drivers
3.9.1.2. Demand side Drivers
3.9.2. Trends
3.9.3. Opportunity
3.9.4. Restraints
4. Global Wild Pollock - Pricing Analysis
4.1. Pricing Analysis By Region
4.2. Pricing Analysis By Species
5. Global Wild Pollock Demand Analysis 2014-2018 and Forecast, 2019-2029
5.1. Historical Market Volume (Tons) Analysis, 2014-2018
5.2. Current and Future Market Volume (Tons) Projections, 2019-2029
5.3. Y-o-Y Growth Trend Analysis
6. Global Wild Pollock Demand (US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029
6.1. Historical Market Value (US$ Mn) Analysis, 2014-2018
6.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Global Wild Pollock Analysis 2014-2018 and Forecast 2019-2029, by Species
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Species, 2014 - 2018
7.3. Current and Future Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast By Species, 2019 – 2029
7.3.1. Alaska Pollock
7.3.2. Atlantic Pollock
7.4. Market Attractiveness Analysis By Species
8. Global Wild Pollock Analysis 2014-2018 and Forecast 2019-2029, by Form
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Form, 2014 - 2018
8.3. Current and Future Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast By Form, 2019 - 2029
8.3.1. Fresh
8.3.1.1. Whole
8.3.1.2. Fillet
8.3.2. Frozen
8.3.2.1. Whole
8.3.2.2. Fillet
8.3.3. Canned
8.4. Market Attractiveness Analysis By Form
9. Global Wild Pollock Analysis 2014-2018 and Forecast 2019-2029, by End Use Industry
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By End Use Industry , 2014 - 2018
9.3. Current and Future Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast By End Use Industry, 2019 - 2029
9.3.1. Household (Retail)
9.3.2. Food Services (HORECA)
9.3.3. Pharmaceutical & Nutraceutical Industry
9.4. Market Attractiveness Analysis By End Use Industry
10. Global Wild Pollock Analysis 2014-2018 and Forecast 2019-2029, by Distribution Channel
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Distribution Channel, 2014 - 2018
10.3. Current and Future Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast By Distribution Channel, 2019 - 2029
10.3.1. Business to Business
10.3.2. Business to Customer
10.3.2.1. Grocery Stores
10.3.2.2. Hypermarket/ Supermarket
10.3.2.3. Online Sales Channel
10.4. Market Attractiveness Analysis By Distribution Channel
11. Global Wild Pollock Analysis 2014-2018 and Forecast 2019-2029, by Region
11.1. Introduction
11.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Region, 2014 - 2018
11.3. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast By Region, 2019 - 2029
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. East Asia
11.3.5. South Asia and Oceania
11.3.6. MEA
11.4. Market Attractiveness Analysis By Region
12. North America Wild Pollock Analysis 2014-2018 and Forecast 2019-2029
12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2014 - 2018
12.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2019 - 2029
12.3.1. By Species
12.3.2. By Form
12.3.3. By End Use Industry
12.3.4. By Distribution Channel
12.3.5. By Country
12.3.5.1. U.S.
12.3.5.2. Canada
12.4. Market Attractiveness Analysis
12.4.1. By Species
12.4.2. By Form
12.4.3. By End Use Industry
12.4.4. By Distribution Channel
12.4.5. By Country
13. Latin America Wild Pollock Analysis 2014-2018 and Forecast 2019-2029
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2014 - 2018
13.4. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2019 - 2029
13.4.1. By Species
13.4.2. By Form
13.4.3. By End Use Industry
13.4.4. By Distribution Channel
13.4.5. By Country
13.4.5.1. Brazil
13.4.5.2. Mexico
13.4.5.3. Rest of Latin America
13.5. Market Attractiveness Analysis
13.5.1. By Species
13.5.2. By Form
13.5.3. By End Use Industry
13.5.4. By Distribution Channel
13.5.5. By Country
14. Europe Wild Pollock Analysis 2014-2018 and Forecast 2019-2029
14.1. Introduction
14.2. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2014 - 2018
14.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2019 - 2029
14.3.1. By Species
14.3.2. By Form
14.3.3. By End Use Industry
14.3.4. By Distribution Channel
14.3.5. By Country
14.3.5.1. Germany
14.3.5.2. BENELUX
14.3.5.3. France
14.3.5.4. UK
14.3.5.5. Poland
14.3.5.6. Russia
14.3.5.7. Rest of Europe
14.4. Rest of Europe Market Attractiveness Analysis
14.4.1. By Species
14.4.2. By Form
14.4.3. By End Use Industry
14.4.4. By Distribution Channel
14.4.5. By Country
15. East Asia Wild Pollock Analysis 2014-2018 and Forecast 2019-2029
15.1. Introduction
15.2. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2014 - 2018
15.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2019 - 2029
15.3.1. By Species
15.3.2. By Form
15.3.3. By End Use Industry
15.3.4. By Distribution Channel
15.3.5. By Country
15.3.5.1. China
15.3.5.2. Japan
15.3.5.3. South Korea
15.4. Market Attractiveness Analysis
15.4.1. By Species
15.4.2. By Form
15.4.3. By End Use Industry
15.4.4. By Distribution Channel
15.4.5. By Country
16. South Asia and Oceania Wild Pollock Analysis 2014-2018 and Forecast 2019-2029
16.1. Introduction
16.2. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2014 - 2018
16.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2019 - 2029
16.3.1. By Species
16.3.2. By Form
16.3.3. By End Use Industry
16.3.4. By Distribution Channel
16.3.5. By Country
16.3.5.1. Malaysia
16.3.5.2. Indonesia
16.3.5.3. Vietnam
16.3.5.4. Thailand
16.3.5.5. Australia
16.3.5.6. Rest of South Asia and Oceania
16.4. Market Attractiveness Analysis
16.4.1. By Species
16.4.2. By Form
16.4.3. By End Use Industry
16.4.4. By Distribution Channel
16.4.5. By Country
17. Middle East and Africa Wild Pollock Analysis 2014-2018 and Forecast 2019-2029
17.1. Introduction
17.2. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2014 - 2018
17.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2019 - 2029
17.3.1. By Species
17.3.2. By Form
17.3.3. By End Use Industry
17.3.4. By Distribution Channel
17.3.5. By Country
17.3.5.1. GCC Countries
17.3.5.2. Northern Africa
17.3.5.3. South Africa
17.3.5.4. Rest of MEA
17.4. Market Attractiveness Analysis
17.4.1. By Species
17.4.2. By Form
17.4.3. By End Use Industry
17.4.4. By Distribution Channel
17.4.5. By Country
18. Market Structure Analysis
18.1. Market Analysis by Tier of Companies
18.2. Market Concentration
18.3. Market Share Analysis of Top Players
19. Competition Analysis
19.1. Competition Dashboard
19.2. Competition Benchmarking
19.3. Competition Deep Dive
19.3.1. Trident Seafoods Corporation
19.3.2. Maruha Nichiro Corp.
19.3.3. Pacific Andes International Holdings Ltd.
19.3.4. American Seafoods Company LLC.
19.3.5. Peter Pan Seafoods Inc.
19.3.6. Dalian Fugu Seafood Co., Ltd.
19.3.7. Russian Fishery Company
19.3.8. Jeka Group
19.3.9. Glacialis – (Norebo Group)
19.3.10. PJSC Okeanrybflot
19.3.11. Beaver Street Fisheries
19.3.12. Eastern Fish Company
19.3.13. Shandong Kingsun Foods Co., Ltd
19.3.14. The Great Fish Company
19.3.15. Glacier Fish Company
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Wild Pollock Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029