Fresh Seafood - Czechia

Czechia

Highlights

Revenue in the Fresh Seafood market amounts to US$120.20m in 2024. The market is expected to grow annually by 3.67% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$12bn in 2024).
In relation to total population figures, per person revenues of US$11.44 are generated in 2024.
In the Fresh Seafood market, volume is expected to amount to 2.80m kg by 2029. The Fresh Seafood market is expected to show a volume growth of 1.8% in 2025.0.
The average volume per person in the Fresh Seafood market is expected to amount to 0.2kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Fresh Seafood Market in Czechia has seen slow growth due to factors such as limited consumer awareness and traditional preferences for fresh, local seafood. However, as digital platforms offer convenient access to a wider variety of seafood, the market is expected to gradually expand.

Customer preferences: Consumers in Czechia are showing a growing interest in sustainably sourced and traceable seafood. This trend is driven by the country's strong fishing tradition and increasing awareness of the environmental impact of seafood consumption. As a result, there is a growing demand for locally caught fish and seafood, as well as for certifications such as MSC and ASC. Additionally, with a rising health consciousness, consumers are also seeking out healthier seafood options, such as wild-caught and organic seafood. This shift towards sustainable and healthy seafood choices is expected to continue as consumers become more informed and conscientious about their food choices.

Trends in the market: In Czechia, the Fresh Seafood Market within the Fish & Seafood Market is experiencing a surge in demand for sustainably-sourced seafood. Consumers are increasingly concerned about the environmental impact of their food choices and are seeking out certified sustainable options. This trend is expected to continue, with industry stakeholders investing in sustainable practices and certifications to meet consumer demand. Additionally, there is a growing interest in locally sourced seafood, with retailers and restaurants highlighting the provenance of their products. This trend is likely to have a positive impact on the local fishing industry, providing new opportunities for small-scale fishermen.

Local special circumstances: In Czechia, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is heavily influenced by its unique geographical location. Being a landlocked country, Czechia has limited access to fresh seafood, making it a niche market with a high demand for quality imports. Additionally, the country's cultural preference for traditional meat dishes has resulted in a smaller consumer base for seafood, leading to a focus on high-end, premium seafood products. Furthermore, strict EU regulations on fishing and aquaculture practices have shaped the market, ensuring sustainability and high standards of production.

Underlying macroeconomic factors: The Fresh Seafood Market of the Fish & Seafood Market within The Food market in Czechia is influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The country's strong economic growth and stable political climate have contributed to the increasing demand for fresh seafood, with higher disposable income allowing for greater purchasing power. Additionally, the government's efforts to promote sustainable fishing practices and support local fishermen have led to a steady supply of high-quality seafood. However, fluctuations in global seafood prices and potential trade barriers could impact market performance in the future.

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.