Key regions: United Kingdom, United States, India, Canada, China
The Fish & Seafood market in France is facing minimal growth, attributed to factors such as changing consumer preferences, increasing health consciousness, and the convenience of online services. These trends impact sub-markets like Fresh Fish and Processed Fish & Seafood, leading to a stagnant overall market. However, with the rise of sustainable fishing practices and the growing demand for locally sourced seafood, the market may experience a gradual increase in the future.
Customer preferences: Consumers in France are increasingly prioritizing sustainable and ethical practices when it comes to their food choices, including seafood. As a result, there has been a rise in demand for locally sourced and traceable fish and seafood products. This trend is also fueled by a growing awareness of the environmental impact of overfishing and the dangers of consuming seafood with high levels of contaminants. Additionally, there is a shift towards healthier and more diverse diets, with a growing preference for cleaner and less processed seafood options. These changing consumer preferences are driving the need for transparency and responsible sourcing in the Fish & Seafood Market in France.
Trends in the market: In France, the Fish & Seafood Market is experiencing a shift towards sustainable and locally sourced products, driven by consumer demand for environmentally friendly options. This trend is expected to continue as the government implements stricter regulations on fishing practices. Additionally, there is a growing trend of online seafood marketplaces, providing consumers with a wider variety of options and convenient home delivery. This presents opportunities for industry players to innovate and adapt to changing consumer preferences, while also facing potential challenges in meeting sustainability standards and competing with e-commerce platforms.
Local special circumstances: In France, the Fish & Seafood Market is heavily shaped by the country's strong maritime heritage and long-standing fishing traditions. The coastal regions, such as Brittany and Normandy, are known for their abundance of fresh seafood, which is a staple in French cuisine. Additionally, strict regulations and sustainability efforts in the fishing industry have led to a strong focus on high-quality, locally sourced seafood. These factors contribute to the unique characteristics of the market, making it a top destination for seafood lovers and a key player in the global seafood industry.
Underlying macroeconomic factors: The Fish & Seafood Market within The Food market in France is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The country's strong economy and stable fiscal policies have contributed to the growth of the market, with consumers having higher purchasing power and increased demand for high-quality fish and seafood products. Moreover, France's strategic location and extensive coastline provide a steady supply of fresh seafood, further driving market growth. Additionally, the increasing focus on sustainable fishing practices and the rising awareness of the health benefits of consuming fish and seafood are also contributing to the market's growth in France.
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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