Key regions: Russia, South Korea, Canada, United States, Philippines
The Fresh Fish Market in France is experiencing slow growth, impacted by factors such as changing consumer preferences and government regulations. Despite this, the market is still driven by the convenience of online sourcing and the growing demand for healthy seafood options.
Customer preferences: In France, the Fresh Fish Market of the Fish & Seafood Market within The Food market has seen a rise in demand for sustainably sourced and locally caught seafood. This trend is driven by consumers' growing awareness and concern for the environmental impact of their food choices. Additionally, there has been a shift towards convenience and quality, with more consumers opting for ready-to-cook and premium seafood products. This can be attributed to the changing demographics and lifestyles, as well as a desire for authentic and diverse dining experiences.
Trends in the market: In France, the Fresh Fish Market of the Fish & Seafood Market within The Food market is experiencing a rise in demand for locally sourced and sustainable seafood. This trend is driven by increasing consumer awareness of the environmental impact of imported seafood and a desire for fresher, higher quality products. As a result, there is a growing number of fishmongers and seafood markets offering a wide selection of locally caught seafood. This trend is expected to continue as consumers prioritize sustainability and support local businesses. Industry stakeholders should capitalize on this trend by promoting their sustainable and locally sourced offerings to attract and retain customers.
Local special circumstances: In France, the Fresh Fish Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's rich history and culture of seafood consumption. The proximity to the ocean and numerous rivers provides a steady supply of fresh seafood, while the French culinary tradition places a high value on quality and variety. Additionally, strict regulations and labeling requirements ensure the safety and traceability of seafood products, further boosting consumer confidence and demand. This unique mix of cultural and regulatory factors drives the dynamics of the market, making it a thriving and competitive industry.
Underlying macroeconomic factors: The Fresh Fish Market of the Fish & Seafood Market within The Food market in France is significantly impacted by macroeconomic factors. The global economic trends play a crucial role in determining the demand and supply of fresh fish in the market. As the world becomes more connected and interdependent, the demand for fresh fish in France is influenced by the trade policies and economic conditions of other countries. The national economic health of France, including its GDP, inflation rate, and consumer purchasing power, also plays a major role in determining the market performance. Fiscal policies, such as taxes and subsidies, can also affect the production and consumption of fresh fish in the country. Other relevant financial indicators, such as exchange rates and interest rates, can impact the cost of production and ultimately the price of fresh fish in the market. Considering these macroeconomic factors is crucial for understanding the current and future trends in the Fresh Fish Market of the Fish & Seafood Market within The Food market in France.
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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Mon - Fri, 9am - 6pm (EST)
