Key regions: Russia, South Korea, Canada, United States, Philippines
The Fresh Fish Market in Estonia is experiencing minimal growth, influenced by factors like the use of digital technologies, increasing health awareness among consumers, and the convenience of online services within The Food market's Fish & Seafood Market.
Customer preferences: With the growing health consciousness and desire for sustainable food options, there has been a noticeable increase in demand for locally sourced and fresh seafood in Estonia. This trend is fueled by the rising popularity of the "farm-to-table" movement, which emphasizes the importance of knowing where food comes from and supporting local businesses. Additionally, there is a growing preference for wild-caught and organic seafood, driven by a desire for healthier and more environmentally friendly options. This shift in consumer preferences is also reflected in the rise of seafood delivery services, providing convenient access to fresh, sustainably sourced fish.
Trends in the market: In Estonia, the Fresh Fish Market of the Fish & Seafood Market within The Food market is seeing a rise in demand for sustainably sourced and locally caught fish. This trend is driven by consumers' increasing awareness of the environmental impact of seafood production. As a result, there is a growing emphasis on traceability and transparency in the supply chain. This trend is expected to continue, with consumers willing to pay a premium for ethically sourced fish. This has implications for industry stakeholders, who must adapt to meet this demand and implement sustainable practices to remain competitive.
Local special circumstances: In Estonia, the Fresh Fish Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's location on the Baltic Sea and its strong fishing tradition. This has led to a wide variety of fresh and locally caught fish being available, making it a popular choice for consumers. Additionally, the country's strict regulations on sustainable fishing practices have helped maintain the abundance of fish in the market. In terms of culture, seafood is a staple in Estonian cuisine, leading to a high demand for fresh fish. The market is also impacted by the country's small population and limited domestic production, resulting in a reliance on imports from neighboring countries.
Underlying macroeconomic factors: The Fresh Fish Market of the Fish & Seafood Market within The Food market in Estonia is greatly 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 and favorable business environment have contributed to the development of the fish and seafood market. Additionally, government support and investments in the fishing industry have helped improve the quality and variety of fresh fish products available in the market. Furthermore, the increasing demand for healthy and sustainable food options, coupled with Estonia's location as a major seafaring nation, has also contributed to the growth of the fresh fish market in the country.
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)
