Fresh Fish - Czechia

Czechia

Highlights

Revenue in the Fresh Fish market amounts to US$552.00m in 2024. The market is expected to grow annually by 3.40% (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$52.55 are generated in 2024.
In the Fresh Fish market, volume is expected to amount to 24.20m kg by 2029. The Fresh Fish market is expected to show a volume growth of 2.5% in 2025.0.
The average volume per person in the Fresh Fish market is expected to amount to 2.2kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Fresh Fish Market in Czechia is experiencing slow growth due to factors such as limited demand and competition from other food markets. Despite convenience, consumers' preference for traditional markets impacts the growth rate.

Customer preferences: Consumers in Czechia are becoming more health-conscious, leading to a growing demand for fresh, sustainably-sourced fish and seafood. With a growing focus on ethical and sustainable consumption, consumers are also seeking transparency in the production and sourcing of their food. This trend is also reflected in an increase in the popularity of farmers' markets and local food cooperatives, as consumers prioritize supporting small, local producers. Additionally, the rise of e-commerce and online grocery shopping has made it easier for consumers to access a wider variety of fresh fish and seafood options from both domestic and international sources.

Trends in the market: In Czechia, the Fresh Fish Market of the Fish & Seafood Market within The Food market is experiencing a shift towards sustainability. Consumers are increasingly seeking out ethically and sustainably sourced seafood, leading to a rise in certified seafood products. This trend is expected to continue, with government initiatives promoting sustainable fishing practices. Additionally, there is a growing demand for locally caught and seasonal fish, as consumers prioritize freshness and support for local fishermen. These trends have significant implications for industry stakeholders, who must adapt their sourcing and marketing strategies to meet evolving consumer preferences. The trajectory of sustainability in the Fresh Fish Market is expected to continue, with potential implications for pricing and supply chain management.

Local special circumstances: In Czechia, the Fresh Fish Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's landlocked location, as well as its strong cultural tradition of consuming freshwater fish. This has led to a focus on sustainable fishing practices and a preference for locally sourced fish. Additionally, strict regulations on food safety and labeling have helped to establish consumer trust in the market. These factors have contributed to a unique market dynamic that sets it apart from other markets in Europe.

Underlying macroeconomic factors: The Fresh Fish Market of the Fish & Seafood Market within The Food market in Czechia is influenced by macroeconomic factors such as the country's economic stability, trade policies, and consumer spending habits. Czechia's strong economy and favorable trade agreements with neighboring countries contribute to the growth of the market, as well as the increasing demand for high-quality and sustainable seafood products. Additionally, the government's investment in food infrastructure and support for sustainable fishing practices also play a significant role in the market's performance. The growing health consciousness among consumers and their willingness to pay a premium for healthy and sustainable food options also contribute to the growth of the Fresh Fish Market in Czechia.

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.