Key regions: Russia, South Korea, Canada, United States, Philippines
The Fresh Fish Market in Croatia is seeing minimal growth due to factors such as limited consumer awareness, lack of digital technologies, and preference for traditional shopping methods. Despite this, the market is slowly growing as consumers become more health-conscious and demand for fresh, high-quality seafood increases.
Customer preferences: Consumers in Croatia are increasingly gravitating towards locally sourced and sustainable seafood options, driven by a growing awareness of environmental sustainability and the quality of fresh, locally caught fish. Furthermore, there is a growing trend towards convenience, with consumers opting for pre-packaged, ready-to-cook fish products. This shift is also influenced by the rise in dual-income households and busy lifestyles, leading to a demand for quick and easy meal solutions.
Trends in the market: In Croatia, the Fresh Fish Market of the Fish & Seafood Market within The Food market is experiencing a trend towards sustainable and locally sourced seafood. This is driven by the increasing awareness of consumers towards sustainability and health benefits of consuming fresh, locally caught fish. This trend is expected to continue, with potential implications for industry stakeholders such as increased demand for traceable and eco-friendly seafood, as well as the need for stricter regulations and certifications. Additionally, the growth of e-commerce in the country is also expected to impact the market, with a rise in online seafood sales and delivery services.
Local special circumstances: In Croatia, the Fresh Fish Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's long coastline and strong fishing tradition. The market is also shaped by strict regulations on fishing and sustainable practices, as well as cultural preferences for fresh and locally sourced seafood. Additionally, Croatia's growing tourism industry has led to an increased demand for high-quality seafood, further driving the growth of the market.
Underlying macroeconomic factors: The Fresh Fish Market of the Fish & Seafood Market within The Food market in Croatia is impacted by macroeconomic factors such as consumer spending, trade policies, and tourism. The Croatian economy has shown steady growth in recent years, leading to increased disposable income and a rise in consumer spending on premium food products. The country's strong focus on sustainable fishing practices and its reputation for offering high-quality seafood has also boosted the demand for fresh fish in both domestic and international markets. Furthermore, Croatia's strategic location on the Adriatic coast has made it a popular tourist destination, contributing to the growth of the seafood market through increased demand from the hospitality sector. However, trade policies and regulations, as well as fluctuations in global seafood prices, can have a significant impact on the performance of the Fresh Fish Market in Croatia.
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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