Fish & Seafood - EMEA

EMEA

Highlights

Revenue in the Fish & Seafood market amounts to US$219.60bn in 2024. The market is expected to grow annually by 7.32% (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$89.92 are generated in 2024.
In the Fish & Seafood market, volume is expected to amount to 12.08bn kg by 2029. The Fish & Seafood market is expected to show a volume growth of 3.4% in 2025.0.
The average volume per person in the Fish & Seafood market is expected to amount to 4.3kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Fish & Seafood Market in the EMEA region has been experiencing minimal growth, influenced by factors such as increasing health awareness, adoption of digital technologies, and convenience of online services. This trend is reflected in the sub-markets of Fresh Fish, Fresh Seafood, and Processed Fish & Seafood, which all contribute to the overall market's growth. However, challenges such as changing consumer preferences and regulations may impact the growth rate in this market.

Customer preferences: As consumers become more health-conscious, there is a growing demand for sustainably-sourced and ethically-produced fish and seafood products. This trend is particularly prominent in Europe, where consumers are increasingly concerned about the environmental impact of their food choices. As a result, there has been a rise in certifications and labels highlighting sustainable fishing practices and responsible sourcing. Additionally, with the rise of flexitarianism and plant-based diets, there has been a shift towards alternative protein sources such as seaweed and algae, further shaping the fish and seafood market in EMEA.

Trends in the market: In EMEA, the Fish & Seafood market is experiencing a surge in demand for sustainable and traceable products, driven by consumer awareness and government regulations. This trend is expected to continue, with more companies implementing sustainable practices and certifications. Additionally, there is a growing trend of online seafood marketplaces, providing consumers with a wider selection and convenient delivery options. These developments have significant implications for industry stakeholders, as they must adapt to meet consumer demands and navigate evolving regulations to remain competitive in the market.

Local special circumstances: In Europe, the Fish & Seafood Market is greatly influenced by the region's rich coastal geography and strong cultural traditions surrounding seafood consumption. European countries have strict regulations and sustainability standards in place to ensure the quality and safety of seafood products. In addition, the popularity of sustainable and organic seafood options is on the rise, reflecting the growing consumer awareness and demand for ethically-sourced seafood. These factors contribute to the unique market dynamics in Europe, making it a highly competitive and evolving market for fish and seafood products.

Underlying macroeconomic factors: The Fish & Seafood Market within The Food market is heavily influenced by macroeconomic factors such as international trade policies, shifts in consumer preferences, and global supply and demand. Increasing concerns over sustainability and ethical sourcing are also playing a significant role in shaping market trends. Countries with strong trade agreements and a focus on sustainable fishing practices are experiencing higher growth in the market compared to regions with weaker trade relationships and less emphasis on sustainability. Additionally, rising disposable incomes and urbanization in emerging economies are driving the demand for premium and convenience seafood products.

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.