Fresh Fish - Chile | Statista Market Forecast

Revenue in the Fresh Fish market amounts to US$2.14bn in 2024. The market is expected to grow annually by 6.80% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$57bn in 2024).
In relation to total population figures, per person revenues of US$108.70 are generated in 2024.
In the Fresh Fish market, volume is expected to amount to 111.50m kg by 2029. The Fresh Fish market is expected to show a volume growth of 5.4% in 2025.0.
The average volume per person in the Fresh Fish market is expected to amount to 4.8kg in 2024.

Definition:

The Fresh Fish market covers all types of products made from fishes that have not been cooked, heated, dried, cured by brine, or processed in any way other than boning, cutting, comminuting, or freezing. Fresh, chilled, or frozen fish that have been farmed or harvested from freshwater or the ocean are included in the market.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

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Fresh and frozen pelagic fishes (e.g. mackerels, tuna, herring, salmon)
Fresh and frozen demersal fish (e.g. Flounder, halibut, cod, sole, plaice)
Fresh, chilled and frozen fish fillets, minced

Dried, canned, and processed fish
Fresh or processed seafood
Seaweed and other aquatic plants
Sushi-grade fish
Out-of-home consumption

The Fresh Fish Market in Chile is experiencing minimal growth due to factors such as limited consumer awareness and lack of technological advancements. Despite this, the market is expected to grow steadily due to the demand for fresh seafood and the convenience of online purchasing options.

Customer preferences: Consumers in the Fresh Fish Market of the Fish & Seafood Market within The Food market are showing a growing interest in sustainable and ethically sourced seafood. This trend is driven by a rising awareness of the negative impact of overfishing and a desire for transparency in the food supply chain. Additionally, there is a growing preference for locally sourced and organic seafood, as consumers become more health-conscious and environmentally aware. This has led to an increase in demand for traceable and certified seafood products.

Trends in the market: In Chile, the Fresh Fish Market of the Fish & Seafood Market within The Food market is experiencing a shift towards sustainable fishing practices. This trend is driven by consumer demand for ethically-sourced seafood and government regulations promoting environmental responsibility. This trajectory is significant as it not only addresses concerns about overfishing and marine conservation, but also presents opportunities for industry stakeholders to differentiate their products and appeal to conscientious consumers. Additionally, the use of technology in the market, such as blockchain and traceability systems, is gaining momentum, providing transparency and accountability in the supply chain. This trend could have implications for the industry, as it may lead to increased competition and the need for companies to adapt and innovate to stay ahead in the market.

Local special circumstances: In Chile, the Fresh Fish Market of the Fish & Seafood Market within The Food market is heavily influenced by its unique geographical location. Being a coastal country, Chile has an abundance of fresh seafood, making it a popular destination for seafood lovers. However, strict regulations on fishing and sustainability practices have also played a significant role in shaping the market dynamics. Additionally, the strong cultural heritage of seafood consumption in Chile has led to a diverse range of seafood options and preparations, catering to both locals and tourists.

Underlying macroeconomic factors: The Fresh Fish Market of the Fish & Seafood Market within The Food market in Chile is heavily influenced by macroeconomic factors such as global trade policies, domestic economic growth, and consumer spending habits. As Chile is one of the largest exporters of seafood in the world, changes in global trade policies can have a significant impact on the market. Additionally, the overall economic health of the country and fluctuations in consumer spending can also affect the demand for fresh fish, as it is considered a luxury item in some regions. Furthermore, government fiscal policies and investments in the fishing industry can also play a role in shaping the market's performance.

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.