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Fish & Seafood - Bahrain

Bahrain
  • Revenue in the Fish & Seafood market amounts to US$215.90m in 2024. The market is expected to grow annually by 6.96% (CAGR 2024-2029).
  • In global comparison, most revenue is generated China (US$97bn in 2024).
  • In relation to total population figures, per person revenues of US$144.10 are generated in 2024.
  • In the Fish & Seafood market, volume is expected to amount to 12.28m kg by 2029. The Fish & Seafood market is expected to show a volume growth of 3.8% in 2025.0.
  • The average volume per person in the Fish & Seafood market is expected to amount to 7.0kg in 2024.

Definition:

The Fish & Seafood market covers products made from edible fish and crustaceans, mollusks, and other seafood. These products have been farmed or harvested from freshwater or the ocean and are bought and consumed for nutrient-based purposes.

Structure:

The market consists of 3 different submarkets:

  • The Fresh Fish market covers all types of edible fish that are fresh, chilled, or frozen, and have been farmed or harvested from freshwater or the ocean.
  • The Fresh Seafood market covers all types of crustaceans and mollusks that are fresh, chilled, or frozen and have been farmed or harvested.
  • The Processed Fish & Seafood market covers all types of fish and seafood that have been dried, salted, brined, canned, or smoked.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

For more information on the displayed data, click the info button on the right side of each box.

In-Scope

  • Fresh and frozen fish((whole or part of, such as cuts, fillets)
  • Fresh and frozen seafood
  • Processed fish and seafood

Out-Of-Scope

  • Fish-based ready-to-eat meals
  • Seaweed and other aquatic plants
  • Caviar and prepared and preserved shark fins
  • Out-of-home consumption
Fish & Seafood: market data & analysis - Cover

Market Insights report

Fish & Seafood: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Price

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Fish & Seafood Market in Bahrain has shown minimal growth due to factors such as low consumer awareness and limited availability of fresh options. However, online platforms and increasing health consciousness are driving the market's slow growth. The sub-markets of Fresh Fish, Fresh Seafood, and Processed Fish & Seafood play a crucial role in shaping the overall market's growth rate.

    Customer preferences:
    The growing health consciousness among consumers has resulted in a rise in demand for sustainable and ethically sourced seafood. This trend is driven by a growing awareness of the negative impact of overfishing on marine ecosystems. As a result, consumers are seeking out eco-friendly and responsibly sourced seafood options, such as certified organic and fair-trade products. This shift towards ethical consumption is also influenced by demographic changes, with younger generations being more conscious of their environmental impact and seeking out sustainable options in their food choices.

    Trends in the market:
    In Bahrain, the Fish & Seafood Market is experiencing a shift towards sustainable and ethically-sourced seafood products. Consumers are becoming more conscious of the environmental impact of their food choices and are demanding transparency from retailers. This trend is expected to continue, with regulations and incentives promoting sustainable practices in the fishing industry. Industry stakeholders will need to adapt to these changing consumer preferences and invest in sustainable sourcing methods to remain competitive in the market. Additionally, there is a growing demand for locally-sourced seafood, as consumers seek to support their local economy and reduce the carbon footprint of imported seafood. This trend presents opportunities for local fishermen and seafood processors, but also poses challenges for larger international players who may struggle to meet the demand for locally-sourced products. Overall, the trend towards sustainable and locally-sourced seafood has significant implications for the Fish & Seafood Market in Bahrain, as it impacts consumer behavior, industry practices, and market competition. Industry stakeholders will need to closely monitor and adapt to these trends in order to stay relevant and competitive in the market.

    Local special circumstances:
    In Bahrain, the Fish & Seafood Market is heavily influenced by the country's close proximity to the Arabian Gulf, resulting in a strong demand for fresh and locally sourced seafood. Additionally, the cultural tradition of eating seafood as a staple food has also contributed to the market's growth. Furthermore, the government has implemented strict regulations on the fishing industry, ensuring sustainable practices and maintaining the quality of seafood products. These unique factors have led to a thriving market for fish and seafood in Bahrain, setting it apart from other markets in the region.

    Underlying macroeconomic factors:
    The Fish & Seafood Market within The Food market in Bahrain is heavily influenced by macroeconomic factors that impact the overall economic health of the country. Global economic trends, such as fluctuations in commodity prices and trade policies, can affect the availability and cost of fish and seafood products in the market. National economic health, including GDP growth and inflation rates, also plays a significant role in consumer spending and demand for premium seafood products. Fiscal policies, such as import/export regulations and taxes, can also impact the competitiveness of the market. Additionally, environmental and sustainability concerns, as well as technological advancements in aquaculture and fishing, can shape the supply and demand dynamics of the Fish & Seafood Market in Bahrain.

    Methodology

    Data coverage:

    The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

    Modeling approach:

    Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

    Additional notes:

    The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

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    Fish & Seafood: market data & analysis - BackgroundFish & Seafood: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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