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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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Fresh Fish Market in Costa Rica is experiencing minimal growth, impacted by factors such as limited consumer awareness and competition from other markets. Despite this, the market continues to offer convenience and a variety of seafood options for consumers.
Customer preferences: Consumer preferences in the Fresh Fish Market of the Fish & Seafood Market within The Food market in Costa Rica have shifted towards more sustainable and eco-friendly options. This is driven by an increase in environmental awareness and a growing desire to support local fishermen and their traditional fishing methods. Additionally, there is a trend towards healthier and more diverse seafood options, as consumers are becoming more health-conscious and seeking out alternative sources of protein. This has resulted in a rise in demand for lesser-known fish species and an increase in fresh, locally sourced seafood options on restaurant menus.
Trends in the market: In Costa Rica's Fresh Fish Market, there is a growing trend of sustainable fishing practices and eco-friendly packaging. This is in response to consumer demand for ethically sourced seafood and environmental concerns. Additionally, there is a rise in online seafood marketplaces, providing convenience and access to a wider variety of fresh fish options. These trends showcase a shift towards more conscious consumption and a potential opportunity for industry stakeholders to differentiate and cater to this market segment.
Local special circumstances: In Costa Rica, the Fresh Fish Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's geographical location. Being a coastal nation, Costa Rica's fish and seafood market is rich with a variety of locally caught and imported products. Additionally, cultural factors play a significant role in the market, with seafood being a staple in traditional Costa Rican cuisine. The government's strict regulations on sustainable fishing practices also have a major impact on the market, ensuring the availability of fresh and high-quality seafood for consumers.
Underlying macroeconomic factors: The Fresh Fish Market of the Fish & Seafood Market within The Food market in Costa Rica is strongly influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The country's stable economic growth, favorable business climate, and government policies promoting sustainable fishing practices have contributed to the growth of the market. Moreover, the increasing demand for sustainable and organic seafood products in the global market is expected to further drive the growth of the Fresh Fish Market in Costa Rica. Additionally, the country's growing tourism industry and increasing awareness about the health benefits of consuming fish and seafood are also contributing to the market's growth.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights