Key regions: Russia, South Korea, Canada, United States, Philippines
The Fresh Fish Market in Argentina has shown negligible growth due to various factors such as low consumer health awareness, limited adoption of digital technologies, and lack of convenience in online fish market services.
Customer preferences: As the demand for fresh and locally sourced food continues to grow, consumers in Argentina are increasingly seeking out sustainable and ethical options in the Fresh Fish Market of the Fish & Seafood Market within The Food market. This trend is driven by a desire for transparency in the supply chain and a heightened awareness of the environmental impact of food production. Additionally, with a growing focus on health and wellness, consumers are prioritizing food safety and quality, leading to a rise in demand for traceable and organic seafood options.
Trends in the market: In Argentina, the Fresh Fish Market of the Fish & Seafood Market within The Food market is seeing a rise in consumer demand for sustainably sourced fish and seafood. This trend is driven by increasing awareness of environmental concerns and health benefits of consuming seafood. As a result, industry stakeholders are focusing on implementing sustainable fishing practices and promoting traceability in the supply chain. This trend is expected to continue, with potential implications for increased competition and potential opportunities for differentiation and innovation in the industry.
Local special circumstances: In Argentina, the Fresh Fish Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's extensive coastline and rich marine resources. This allows for a wide variety of seafood options, including popular local species such as hake, squid, and shrimp. Additionally, the cultural importance of seafood in Argentina's cuisine further drives demand for fresh and high-quality products. However, strict government regulations and quotas on fishing and harvesting can also impact the availability and pricing of seafood in the market. These unique factors contribute to the dynamic nature of the Fresh Fish Market in Argentina, making it a key player in the overall Fish & Seafood Market within The Food market industry.
Underlying macroeconomic factors: The Fresh Fish Market of the Fish & Seafood Market within The Food market in Argentina is influenced by macroeconomic factors such as consumer spending, inflation rates, and government policies. As the country's economy continues to recover from recent economic challenges, consumer spending on food products is expected to increase, driving demand in the Fresh Fish Market. In addition, the government's efforts to stabilize inflation rates and promote food security through policies such as export restrictions and import subsidies are also expected to impact the market. Furthermore, the growing demand for sustainable and high-quality seafood products in international markets is creating opportunities for growth in the Fresh Fish Market in Argentina.
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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