Key regions: South Korea, Canada, China, Japan, United States
The Fresh Seafood Market in Austria is seeing negligible growth, influenced by factors like consumer preference for sustainable seafood, increasing health consciousness, and the convenience of online ordering.
Customer preferences: Consumers in Austria are becoming more health-conscious and are seeking fresh seafood as a healthier alternative to other protein sources. This is driven by a growing trend towards clean and sustainable eating, with an emphasis on locally sourced and organic products. Additionally, an increasing number of consumers are looking for seafood that is free from additives and preservatives, reflecting a focus on natural and unprocessed foods. This shift towards healthier and more sustainable eating habits is also influenced by a growing concern for animal welfare and the environmental impact of food production.
Trends in the market: In Austria, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is experiencing a surge in demand for sustainably sourced seafood. As consumers become more environmentally conscious, there is a growing trend towards purchasing seafood that is caught or farmed using eco-friendly methods. This trend is expected to continue, driven by government initiatives promoting sustainable fishing practices and consumer education on the importance of preserving marine ecosystems. Industry stakeholders should capitalize on this trend by offering a wider selection of sustainably sourced seafood and promoting their commitment to sustainability to attract environmentally conscious consumers. Additionally, investing in sustainable fishing practices can also lead to cost savings in the long term, making it a win-win for both the industry and the environment.
Local special circumstances: In Austria, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is influenced by the country's rich culinary heritage and strict regulations on sustainable fishing practices. The country's landlocked geography also plays a role, with freshwater fish being a popular choice. Additionally, Austria's growing health consciousness has led to an increase in demand for organic and locally sourced seafood options. This sets the market apart from other countries, with a focus on quality and sustainability driving consumer choices.
Underlying macroeconomic factors: The Fresh Seafood Market of the Fish & Seafood Market within The Food market is greatly influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. Countries with strong economic growth, stable fiscal policies, and high levels of consumer spending tend to have a higher demand for fresh seafood, driving market growth. Furthermore, the rising trend of health-consciousness and increasing disposable incomes among consumers in many regions are also contributing to the growth of the fresh seafood market. On the other hand, factors such as trade regulations, tariffs, and currency fluctuations can also impact the market performance, especially for countries that heavily rely on seafood imports. Overall, the macroeconomic environment plays a vital role in shaping the growth and performance of the Fresh Seafood Market within the Fish & Seafood Market, and companies must closely monitor and adapt to these factors to remain competitive.
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)
