Key regions: Russia, South Korea, Canada, United States, Philippines
The Fresh Fish Market in Austria is facing a negligible growth rate due to various factors such as limited demand for seafood, strict regulations on fishing, and the availability of alternative food options. Despite the convenience of online fish markets, traditional methods of purchasing fish are still preferred by consumers.
Customer preferences: Consumers in Austria have shown a growing preference for sustainably-sourced and organic fresh fish products, as awareness around environmental issues and health-consciousness increases. This trend is also influenced by the country's strong tradition of locally-sourced and seasonal food. Additionally, with the rise of health-consciousness, there has been an increase in demand for fish high in omega-3 fatty acids, such as salmon and sardines. This shift in consumer preferences has led to an increase in the availability of sustainably-sourced and organic fresh fish options in the market.
Trends in the market: In Austria, the Fresh Fish Market of the Fish & Seafood Market within The Food market is experiencing a growing demand for sustainably sourced seafood. This trend is driven by increasing awareness among consumers about the environmental impacts of overfishing. As a result, there is a rise in certifications for sustainable seafood and a shift towards ethically sourced products. This trend is expected to continue, with consumers becoming more conscious about their seafood choices. Industry stakeholders will need to adapt and invest in sustainable practices to meet this demand and maintain their competitiveness in the market.
Local special circumstances: In Austria, the Fresh Fish Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's location and landlocked geography. This has led to a strong demand for fresh, local fish, as well as imported seafood from neighboring countries. Additionally, Austria's strong cultural tradition of cuisine, particularly its love for seafood, has further fueled the growth of the market. Furthermore, strict regulations and standards for food safety and sustainability have also played a significant role in shaping the market dynamics, ensuring high-quality and ethical sourcing of fish and seafood products.
Underlying macroeconomic factors: The Fresh Fish Market of the Fish & Seafood Market within The Food market in Austria is greatly influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The market is highly dependent on the overall economic performance of the country, as well as the global economic outlook. Factors such as changes in consumer spending, inflation rates, and employment levels can greatly impact the market's growth and profitability. Additionally, fiscal policies and government regulations can also have a significant impact on the market, particularly in terms of trade policies and import regulations. The market is also affected by the overall health of the country's food industry and its ability to meet demand and maintain high quality standards. These factors all play a crucial role in shaping the performance of the Fresh Fish Market in Austria and should be closely monitored by industry players.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
