Key regions: United Kingdom, United States, India, Canada, China
The Fish & Seafood market in Croatia has seen stagnant growth, influenced by factors such as declining consumer interest in traditional seafood dishes and the rise of alternative protein sources. Additionally, strict regulations and increasing competition from imported seafood products have affected the market's growth rate.
Customer preferences: The rising popularity of sustainable and ethical consumption practices has greatly impacted the Fish & Seafood Market within The Food market in Croatia. Consumers are becoming more conscious of the environmental and social impact of their food choices, leading to a growing demand for sustainably sourced and ethically harvested seafood. This trend is also driven by the increasing awareness of overfishing and its detrimental effects on marine ecosystems. As a result, there has been a shift towards supporting local and small-scale fishermen, as well as a preference for seafood certifications and labels that guarantee sustainable and responsible practices.
Trends in the market: In Croatia, the Fish & Seafood Market is experiencing a rise in demand for sustainably sourced and ethically caught seafood. This trend is driven by consumer awareness and concern for the environment and animal welfare. As a result, there is a growing market for certified organic and fair trade seafood products. This trend is expected to continue, with potential implications for industry stakeholders such as seafood suppliers and retailers. They may need to adapt their sourcing and marketing strategies to cater to this growing demand for ethical and sustainable seafood options. Additionally, there is an increase in the popularity of online seafood delivery services, providing convenience and accessibility to consumers. This trend is likely to continue, especially with the current COVID-19 pandemic, as more people opt for home delivery services. It presents opportunities for seafood suppliers and retailers to expand their online presence and tap into this growing market.
Local special circumstances: In Croatia, the Fish & Seafood Market is heavily influenced by the country's geographical location along the Adriatic Sea. This results in a strong tradition of fishing and a variety of locally caught seafood offerings. Additionally, cultural preferences and regulations play a role in shaping the market, with an emphasis on sustainable and traditional fishing methods. These factors contribute to the unique and diverse seafood options available in Croatia, setting it apart from other markets in the region.
Underlying macroeconomic factors: The Fish & Seafood Market within The Food market in Croatia is heavily impacted by macroeconomic factors such as trade policies, consumer purchasing power, and economic stability. With a strong tourism industry and high demand for seafood, the market is driven by both domestic and international consumption. However, fluctuations in currency exchange rates and changes in global seafood supply can greatly impact market performance. Additionally, government policies and regulations related to sustainable fishing practices and food safety also play a significant role in shaping the market. As Croatia continues to develop and modernize its economy, the Fish & Seafood Market is expected to experience growth, driven by factors such as technological advancements, increasing disposable income, and investments in infrastructure.
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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