Key regions: South Korea, Canada, China, Japan, United States
The Fresh Seafood Market in Argentina is experiencing steady growth, driven by factors such as rising demand for fresh and healthy food options, growing popularity of seafood in the region, and the convenience of online seafood shopping. This average growth rate is influenced by the increasing health consciousness among consumers and the availability of a wide variety of seafood options in the market.
Customer preferences: The increased focus on healthy and sustainable eating habits has led to a rise in demand for locally sourced and ethically raised seafood products in Argentina. This trend is driven by the growing awareness of the impact of overfishing and the importance of supporting local fishermen. Additionally, there is a growing preference for fresh and unprocessed seafood, as consumers prioritize health and wellness in their food choices. This shift towards sustainable and healthy seafood options is also influenced by the cultural tradition of enjoying fresh and high-quality seafood in Argentina.
Trends in the market: In Argentina, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is experiencing a surge in demand for sustainable and ethically-sourced seafood. This trend is driven by consumer awareness and concern for the environment and animal welfare. As a result, seafood companies are increasingly adopting sustainable practices and certifications to meet this demand. This trend is expected to continue, with potential implications for industry stakeholders such as increased competition and the need for transparent and traceable supply chains. Additionally, there is a growing trend towards online seafood delivery services, providing convenience for consumers and potential opportunities for market growth.
Local special circumstances: In Argentina, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is influenced by the country's long coastline and rich fishing tradition. The local demand for fresh seafood is met by a robust domestic fishing industry, with a strong focus on sustainable practices. Additionally, the country's diverse culinary culture, with a strong emphasis on seafood dishes, drives the consumption of fresh seafood. On the regulatory front, the government has strict standards for seafood imports, which has led to a thriving domestic market for locally sourced seafood.
Underlying macroeconomic factors: The Fresh Seafood Market of the Fish & Seafood Market within The Food market in Argentina is heavily influenced by macroeconomic factors such as global economic trends, the country's economic health, fiscal policies, and other relevant financial indicators. Due to the country's recent economic instability, the market has faced challenges in terms of consumer demand and overall growth. However, with the implementation of new fiscal policies and government support for the seafood industry, the market is expected to see steady growth in the coming years. Additionally, the rising health consciousness among consumers and increasing demand for healthy protein sources have also contributed to the growth of the market. These factors, combined with technological advancements and investment in the seafood industry, are expected to drive the growth of the Fresh Seafood Market in Argentina.
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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