Thailand Cod Market Synopsis
Thailand cod market has experienced a growing demand for this cold-water fish species. While cod is not native to Thailand waters, it is imported to meet domestic consumption needs. The popularity of cod has increased due to its mild flavor and versatility in various culinary applications. Thai consumers, as well as the foodservice industry, have shown a preference for cod products, and this has driven imports. The cod market is also influenced by changing consumer preferences and a growing interest in international cuisines.
Drivers of the Market
The Thailand cod market is primarily influenced by the country`s seafood processing and export industry. Cod is a popular choice in international markets due to its mild flavor and versatile culinary applications. Thailand advanced processing facilities and adherence to international quality standards have made it a significant player in the global cod market. Rising health-consciousness and demand for protein-rich seafood products further drive the market, as cod is considered a healthy protein source.
Challenges of the Market
The Thailand cod market encounters challenges related to import dependence and market competition. Cod is often imported from distant regions, which can lead to supply chain disruptions and price volatility due to factors like shipping costs and geopolitical tensions. Consumers` changing preferences for locally sourced and sustainable seafood products can affect the demand for cod. Ensuring a consistent supply of high-quality cod products while navigating global market dynamics is a key challenge.
COVID-19 Impact on the Market
The Thailand cod market experienced disruptions due to the COVID-19 pandemic. Reduced demand from the foodservice sector and supply chain interruptions impacted the import and distribution of cod products. However, as consumers cooked more at home, there was a shift in demand towards retail sales of frozen cod. Importers and distributors adjusted their strategies to cater to this changing consumer behavior. As restrictions eased, the market showed signs of improvement, although challenges in the global supply chain persisted.
Key Players in the Market
The cod market in Thailand features importers and distributors like Royal Frozen Food Co., Ltd. and Ocean Fresh Company Limited, which are known for their involvement in the distribution of cod and other frozen seafood products.
Key Highlights of the Report:
- Thailand COD Market Outlook
- Market Size of Thailand COD Market, 2024
- Forecast of Thailand COD Market, 2031
- Historical Data and Forecast of Thailand COD Revenues & Volume for the Period 2021-2031
- Thailand COD Market Trend Evolution
- Thailand COD Market Drivers and Challenges
- Thailand COD Price Trends
- Thailand COD Porter's Five Forces
- Thailand COD Industry Life Cycle
- Historical Data and Forecast of Thailand COD Market Revenues & Volume By Species for the Period 2021-2031
- Historical Data and Forecast of Thailand COD Market Revenues & Volume By Atlantic Cod Fish for the Period 2021-2031
- Historical Data and Forecast of Thailand COD Market Revenues & Volume By Pacific Cod Fish for the Period 2021-2031
- Historical Data and Forecast of Thailand COD Market Revenues & Volume By Greenland Cod Fish for the Period 2021-2031
- Historical Data and Forecast of Thailand COD Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Thailand COD Market Revenues & Volume By Source for the Period 2021-2031
- Historical Data and Forecast of Thailand COD Market Revenues & Volume By Farmed for the Period 2021-2031
- Historical Data and Forecast of Thailand COD Market Revenues & Volume By Wild Capture for the Period 2021-2031
- Historical Data and Forecast of Thailand COD Market Revenues & Volume By Product Type for the Period 2021-2031
- Historical Data and Forecast of Thailand COD Market Revenues & Volume By Fresh for the Period 2021-2031
- Historical Data and Forecast of Thailand COD Market Revenues & Volume By Canned for the Period 2021-2031
- Historical Data and Forecast of Thailand COD Market Revenues & Volume By Frozen for the Period 2021-2031
- Historical Data and Forecast of Thailand COD Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Thailand COD Market Revenues & Volume By Distribution Channel for the Period 2021-2031
- Historical Data and Forecast of Thailand COD Market Revenues & Volume By Institutional for the Period 2021-2031
- Historical Data and Forecast of Thailand COD Market Revenues & Volume By Retail for the Period 2021-2031
- Thailand COD Import Export Trade Statistics
- Market Opportunity Assessment By Species
- Market Opportunity Assessment By Source
- Market Opportunity Assessment By Product Type
- Market Opportunity Assessment By Distribution Channel
- Thailand COD Top Companies Market Share
- Thailand COD Competitive Benchmarking By Technical and Operational Parameters
- Thailand COD Company Profiles
- Thailand COD Key Strategic Recommendations