Definition:
The Fresh Seafood market covers all types of products made from crustaceans, mollusks, and other aquatic invertebrates that have not been cooked, heated, dried, cured by brine, or processed in any way other than boning, cutting, comminuting, or freezing. Fresh, chilled, or frozen seafood that has been farmed or harvested from freshwater or the ocean are included in the market.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Fresh Seafood Market in Croatia is currently experiencing negligible growth. This can be attributed to factors such as limited availability of fresh seafood, high prices, and low consumer demand. However, with the increasing popularity of healthy eating and the growing tourism industry in Croatia, the market is expected to see a gradual increase in growth in the coming years. Additionally, the convenience of online seafood shopping and the use of digital technologies in the fishing industry may also contribute to the market's growth.
Customer preferences: As the demand for healthier and sustainable food options continues to rise, consumers in Croatia are increasingly turning towards the Fresh Seafood Market of the Fish & Seafood Market within The Food market. This trend is fueled by a growing awareness of the health benefits of incorporating seafood into their diets, as well as a desire to support local and traditional fishing practices. Additionally, there is a noticeable shift towards more diverse and exotic seafood options, influenced by the country's coastal location and rich cultural heritage. This has led to an increase in demand for sustainable and responsibly sourced seafood, reflecting the evolving lifestyle factors and values of the modern Croatian consumer.
Trends in the market: In Croatia, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is experiencing a rise in demand for sustainably sourced and locally caught seafood. This trend is driven by consumers' increasing awareness and concern for the environment and their health. As a result, industry stakeholders are focusing on implementing sustainable fishing practices and promoting the traceability of their products. Additionally, there is a growing trend of e-commerce platforms for seafood, allowing for direct sales from fishermen to consumers. These developments have significant implications for the industry, as they can improve transparency, quality, and profitability. However, they also bring challenges, such as ensuring compliance with regulations and preventing overfishing.
Local special circumstances: In Croatia, the Fresh Seafood Market is heavily influenced by the country's rich fishing tradition and its location along the Adriatic Sea. The market is characterized by a wide variety of locally caught fish and seafood, ranging from sardines and anchovies to mussels and oysters. Additionally, strict regulations on fishing practices and sustainability have helped maintain the quality and freshness of seafood in the market. The country's strong culinary culture also plays a significant role, with many restaurants and chefs incorporating fresh seafood in their dishes. This unique combination of factors has made the Fresh Seafood Market in Croatia a popular destination for both locals and tourists alike, contributing to its thriving and dynamic nature.
Underlying macroeconomic factors: The Fresh Seafood Market of the Fish & Seafood Market within The Food market in Croatia is heavily influenced by macroeconomic factors such as global economic trends, the country's economic health, fiscal policies, and other financial indicators. As a member of the European Union, Croatia's economy is heavily impacted by the economic policies of the EU. The country's GDP growth, inflation rate, and unemployment rate all play a significant role in the performance of the Fresh Seafood Market. Additionally, government policies and regulations related to the fishing industry, trade agreements, and consumer purchasing power also impact the market. Furthermore, the rising demand for sustainable and ethically sourced seafood, both globally and within the country, is also driving market growth. Overall, Croatia's economic stability and favorable regulatory environment play a crucial role in the growth and development of the Fresh Seafood Market of the Fish & Seafood Market within The Food 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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights