Fresh Seafood - EMEA

EMEA

Highlights

Revenue in the Fresh Seafood market amounts to US$46.48bn in 2024. The market is expected to grow annually by 7.70% (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$19.03 are generated in 2024.
In the Fresh Seafood market, volume is expected to amount to 1.43bn kg by 2029. The Fresh Seafood market is expected to show a volume growth of 4.5% in 2025.0.
The average volume per person in the Fresh Seafood market is expected to amount to 0.5kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Fresh Seafood Market in EMEA is currently experiencing minimal growth, impacted by various factors such as economic downturn, changing consumer preferences, and supply chain disruptions. Despite these challenges, the market is still driven by the increasing demand for fresh and sustainable seafood among health-conscious consumers.

Customer preferences: Consumers in the EMEA region are increasingly embracing a sustainable and ethical approach to food consumption, with a growing demand for traceable and responsibly sourced seafood. This trend is driven by a heightened awareness of environmental concerns and a desire to support local and small-scale fishermen. In addition, there is a rising preference for fresh, unprocessed seafood as consumers prioritize health and wellness in their food choices. This has led to a surge in demand for direct-to-consumer seafood delivery services and local fish markets.

Trends in the market: In EMEA, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is experiencing a rise in demand for sustainably sourced seafood, with consumers becoming increasingly aware of the environmental impact of their food choices. This trend is expected to continue and potentially expand to other regions, as consumers prioritize eco-friendly and ethically-sourced products. This has led to a surge in certifications and labeling initiatives, as well as investments in technology and processes to ensure transparency and traceability throughout the supply chain. Industry stakeholders must adapt and innovate to meet these evolving consumer preferences and regulations, or risk losing market share to competitors.

Local special circumstances: In EMEA, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is heavily influenced by the region's diverse culinary traditions and cultural preferences. For example, the Mediterranean diet is known for its emphasis on consuming a variety of fresh seafood, leading to a high demand for locally sourced products. Additionally, strict regulations and sustainability initiatives in countries like Norway and Iceland have a significant impact on the availability and pricing of seafood in the market. These factors create a unique market dynamic that sets EMEA apart from other regions in the global Fresh Seafood Market.

Underlying macroeconomic factors: The Fresh Seafood Market of the Fish & Seafood Market within The Food market is heavily impacted by macroeconomic factors in EMEA. The region's economic stability, consumer spending power, and trade policies greatly influence the supply and demand of fresh seafood. Countries with strong economic growth and stable political environments, such as Germany and the UK, have a higher demand for premium seafood products. Moreover, increasing health concerns and changing food preferences towards healthier options are also contributing to the growth of the fresh seafood market in EMEA. The region's growing population and rising disposable incomes are also expected to boost market growth in the coming years.

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.