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The groundfish market size is forecast to increase by USD 13.04 billion at a CAGR of 5.92% between 2023 and 2028. The market is experiencing significant growth, driven by increasing consumer awareness regarding the health benefits of consuming groundfish, which are rich in omega-3 fatty acids and other essential nutrients. Additionally, the trend toward sustainable fishing practices is gaining momentum, with consumers and regulatory bodies demanding more transparency and accountability in the fishing industry. However, the market faces challenges, including the threat of overfishing, which can lead to depleted fish stocks and potential price volatility. To mitigate these challenges, industry players are investing in sustainable fishing methods, such as using selective fishing gear and implementing catch quotas. Furthermore, collaborations between governments, NGOs, and industry stakeholders are crucial to ensuring the long-term sustainability of the market.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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