Fish & Seafood - Czechia

Czechia

Highlights

Revenue in the Fish & Seafood market amounts to US$1.01bn in 2024. The market is expected to grow annually by 3.54% (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$96.45 are generated in 2024.
In the Fish & Seafood market, volume is expected to amount to 49.42m kg by 2029. The Fish & Seafood market is expected to show a volume growth of 1.8% in 2025.0.
The average volume per person in the Fish & Seafood market is expected to amount to 4.4kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Fish & Seafood market in Czechia has seen minimal growth due to factors such as low consumer demand for fresh and processed products, limited availability of seafood in the country, and high prices compared to other protein sources. The overall market is impacted by the slow growth of the sub-markets of Fresh Fish, Fresh Seafood, and Processed Fish & Seafood. Despite the convenience of online shopping, consumers still prefer buying seafood from traditional markets.

Customer preferences: As Czechia's economy continues to grow, consumers are becoming more health-conscious and seeking healthier food options. This has led to a rise in demand for sustainably sourced fish and seafood products, as well as a preference for locally caught varieties. Additionally, there has been a shift towards plant-based seafood alternatives, driven by an increasing number of individuals adopting flexitarian and vegan diets. This trend is also influenced by the growing awareness of the environmental impact of traditional fishing practices.

Trends in the market: In Czechia, the Fish & Seafood Market within The Food market is experiencing a shift towards sustainable and environmentally-friendly practices. This includes a growing demand for ethically-sourced seafood and alternative protein sources, such as plant-based and lab-grown options. This trend is expected to continue as consumers become more conscious of their food choices and seek out healthier and more sustainable options. Industry stakeholders must adapt to meet this demand and invest in new technologies to improve traceability and reduce environmental impact. Failure to do so may result in lost market share and potential backlash from consumers and regulators.

Local special circumstances: In Czechia, the Fish & Seafood Market is heavily influenced by the country's geographical location as a landlocked nation with limited access to the sea. This has led to a strong emphasis on freshwater fish production and consumption, with carp being a traditional Christmas dish. Additionally, strict regulations on fishing and aquaculture ensure the sustainability of the market and guarantee high-quality products. The market is also shaped by the cultural preference for fresh and locally sourced seafood, resulting in a strong demand for domestic products.

Underlying macroeconomic factors: The Fish & Seafood Market within The Food market in Czechia is significantly impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The market is heavily influenced by fluctuations in global demand and supply for fish and seafood products, as well as changes in consumer preferences and purchasing power. Additionally, the strength of the Czech economy and government policies related to the food industry can greatly affect the performance of the Fish & Seafood Market. Furthermore, factors such as trade agreements, tariffs, and currency exchange rates also play a critical role in shaping the market landscape in Czechia.

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.