Fresh Fish - Paraguay

Paraguay

Highlights

Revenue in the Fresh Fish market amounts to US$327.90m in 2024. The market is expected to grow annually by 6.05% (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$47.20 are generated in 2024.
In the Fresh Fish market, volume is expected to amount to 26.71m kg by 2029. The Fresh Fish market is expected to show a volume growth of 4.7% in 2025.0.
The average volume per person in the Fresh Fish market is expected to amount to 3.5kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Fresh Fish Market in Paraguay is experiencing minimal growth, impacted by factors such as limited consumer awareness and lack of technological advancements. Despite this, the market continues to thrive due to the convenience and increasing health consciousness among consumers.

Customer preferences: Consumers in Paraguay are increasingly seeking sustainable and ethically sourced fresh fish options, with a focus on supporting local fishermen and reducing environmental impact. This trend is driven by a growing awareness of the benefits of consuming locally sourced and fresh produce, as well as the cultural importance placed on traditional fishing practices. As a result, there has been a rise in demand for certifications and labels that guarantee sustainable fishing methods, such as the Marine Stewardship Council (MSC) label. Additionally, the popularity of fishmongers and open-air markets where consumers can interact directly with fishermen and select their own seafood has also increased, reflecting a desire for transparency and connection to the source of their food.

Trends in the market: In Paraguay, the Fresh Fish Market of the Fish & Seafood Market within The Food market is experiencing a rise in demand for sustainably sourced seafood. Consumers are increasingly conscious of the environmental impact of their food choices and are seeking out options that are ethically and responsibly harvested. This trend has significant implications for industry stakeholders, as it requires a shift towards more sustainable fishing practices and transparent supply chains. Additionally, there is a growing demand for locally sourced fresh fish, as consumers prioritize supporting small-scale fishermen and reducing the carbon footprint of food transportation. This trajectory towards sustainability and transparency in the Fresh Fish Market is likely to continue, as consumers become more educated and conscious of their seafood consumption. Industry stakeholders will need to adapt and embrace these trends in order to remain competitive in the market.

Local special circumstances: In Paraguay, the Fresh Fish Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's geographical location, being landlocked and surrounded by landlocked countries. This has led to a unique market dynamic, with a strong focus on freshwater fish species. Additionally, the country's cultural preference for fish as a staple food has also played a significant role in shaping the market, with a high demand for locally caught and fresh fish. Regulatory policies, such as strict fishing quotas and sustainable fishing practices, also impact the market by ensuring the availability and quality of fish in the market.

Underlying macroeconomic factors: The Fresh Fish Market of the Fish & Seafood Market within The Food market is largely influenced by macroeconomic factors such as global demand for seafood, trade policies, and consumer trends. Countries with high demand for seafood, such as China and Japan, drive the growth of the market, while trade policies and tariffs can impact the availability and pricing of seafood products. Additionally, consumer trends towards healthier and sustainable food choices have led to an increasing demand for fresh fish in many countries. Economic stability and disposable income levels also play a significant role in driving market growth, as consumers are more likely to purchase premium seafood products when the economy is performing well.

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.