Key regions: Russia, South Korea, Canada, United States, Philippines
The fresh fish market in Ireland has seen minimal growth due to various factors, including declining fish stocks, stricter regulations, and changing consumer preferences. Despite this, online sales and health awareness efforts have helped maintain a steady market demand.
Customer preferences: Consumers in Ireland are increasingly seeking out sustainably sourced fish and seafood products. This trend is driven by a growing awareness of the environmental impact of overfishing and the importance of supporting local fishermen. Additionally, there is a rising demand for premium and niche seafood options, such as wild-caught and organic varieties. This shift in consumer preferences reflects a greater emphasis on health and sustainability, as well as a desire for more diverse and high-quality food options.
Trends in the market: In Ireland, the Fresh Fish Market of the Fish & Seafood Market within The Food market is seeing a rise in sustainable fishing practices. Consumers are becoming more environmentally conscious and are demanding ethically sourced seafood. This trend is expected to continue, with a focus on transparency and traceability in the supply chain. This could have implications for industry stakeholders, as they may need to adapt their practices to meet consumer demands and stay competitive in the market. Additionally, there is a growing trend of online seafood marketplaces, allowing consumers to access a wide variety of fresh seafood products from the comfort of their homes. This trend is expected to continue, especially with the rise of e-commerce in the food industry.
Local special circumstances: In Ireland, the Fresh Fish Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's long-standing fishing tradition and its coastal location, resulting in a strong demand for locally caught and fresh seafood. Additionally, strict regulations and sustainability measures have been implemented to protect and promote the country's rich marine resources, further shaping the dynamics of the market. The Irish culture also places a strong emphasis on food quality and freshness, contributing to the popularity of the Fresh Fish Market and the preference for locally sourced products.
Underlying macroeconomic factors: The Fresh Fish Market of the Fish & Seafood Market within The Food market in Ireland is greatly impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. Ireland's strong economic growth and stable fiscal policies have contributed to the overall growth of The Food market, including the Fresh Fish Market. Furthermore, Ireland's strong investment in the seafood industry and its commitment to sustainable fishing practices have positioned it as a major player in the global fish and seafood market. The increasing demand for fresh, high-quality seafood from both domestic and international markets has also driven the growth of the Fresh Fish Market in Ireland. Additionally, the growing focus on healthy and sustainable food choices among consumers has further stimulated the demand for fresh fish, making Ireland a promising market for seafood producers.
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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