Key regions: Russia, South Korea, Canada, United States, Philippines
The Fresh Fish Market in Qatar is experiencing minimal growth, influenced by factors such as limited consumer awareness, competition from traditional markets, and the slow adoption of digital technologies. However, the convenience of online fish purchasing and increasing health consciousness may drive future growth.
Customer preferences: Consumers in Qatar are increasingly seeking fresh, locally-sourced seafood options in the Fresh Fish Market of the Fish & Seafood Market within The Food market. This trend is driven by a growing awareness of the health benefits of consuming locally-sourced, sustainable seafood, as well as a desire to support local fishermen and businesses. Additionally, with a significant expat population, there is a demand for a wide variety of seafood options to cater to diverse cultural preferences. As a result, there has been a rise in the availability of unique and exotic seafood options in the market.
Trends in the market: In Qatar, the Fresh Fish Market of the Fish & Seafood Market within The Food market is experiencing a shift towards sustainability and traceability. Consumers are increasingly seeking out locally sourced and sustainably caught fish, and there is a growing demand for transparency in the supply chain. This trend is significant as it reflects a growing awareness of environmental and ethical concerns among consumers. It also presents opportunities for industry stakeholders to differentiate themselves by promoting sustainable practices and implementing traceability measures. However, this trend also poses challenges for smaller businesses that may struggle to meet these standards. It will be important for all players in the industry to adapt and evolve in order to stay competitive in this changing market.
Local special circumstances: In Qatar, the Fresh Fish Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's strong fishing industry and its coastal location. The demand for fresh seafood is also driven by cultural factors, as seafood is a staple in Qatari cuisine. Additionally, government regulations play a significant role in the market, with strict quality standards and regulations for fishing and seafood processing. These factors contribute to the unique dynamics of the market, making it a key player in the region's overall seafood industry.
Underlying macroeconomic factors: The Fresh Fish Market of the Fish & Seafood Market within The Food market in Qatar is affected by various macroeconomic factors, including global economic trends, national economic health, fiscal policies, and financial indicators. Qatar's strong economic growth and favorable regulatory environment have contributed to the growth of the fish and seafood market. The country's significant investments in infrastructure, such as the construction of new fish markets and ports, have also facilitated the growth of this market. Additionally, Qatar's growing population and increasing demand for high-quality and sustainable food products have driven the demand for fresh fish and seafood, leading to the growth of this market.
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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