Key regions: South Korea, Canada, China, Japan, United States
The Fresh Seafood Market in France is facing negligible growth due to various factors such as declining fish populations, stricter regulations, and rising concerns over sustainability. Despite the convenience of online seafood marketplaces, consumers are increasingly prioritizing the environmental impact of their food choices.
Customer preferences: Consumers in France are becoming more health-conscious and environmentally aware, resulting in a growing demand for sustainably sourced and locally produced seafood. This trend is fueled by a desire for fresher, healthier options and a preference for supporting local businesses. Additionally, the rise of flexitarian and pescatarian diets has led to an increased interest in diverse and high-quality seafood options, including lesser-known species and seafood alternatives. The growing popularity of online shopping and home delivery services has also made it easier for consumers to access a wider variety of fresh seafood, further driving the growth of the market.
Trends in the market: In France, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is experiencing a surge in demand for sustainable and locally sourced seafood. This trend is driven by consumer awareness of the environmental impact of the fishing industry and a desire for healthier and fresher seafood options. The trajectory of this trend is expected to continue as more consumers prioritize sustainability and health in their food choices. This presents opportunities for industry stakeholders to invest in sustainable fishing practices and marketing strategies that highlight the provenance of their seafood products. This trend also has implications for the supply chain, as companies may need to adapt to meet the increasing demand for sustainable seafood and ensure transparency in their sourcing practices.
Local special circumstances: In France, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's rich culinary culture and strict regulations on food safety and quality. The demand for fresh, high-quality seafood is driven by the French preference for seafood in their traditional dishes. Additionally, France's extensive coastline and access to diverse seafood species contribute to the market's variety and availability. Furthermore, strict regulations on fishing and aquaculture practices ensure sustainable sourcing, adding to the market's appeal to health-conscious consumers.
Underlying macroeconomic factors: The Fresh Seafood Market of the Fish & Seafood Market within The Food market is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. The health of the overall economy in a given country can impact consumer spending and purchasing power, which in turn affects the demand for fresh seafood. Fiscal policies, such as taxes and subsidies, also play a role in market performance, as they can impact production costs and prices for both consumers and producers. Furthermore, changes in global economic trends, such as shifts in trade policies and exchange rates, can have a significant impact on the import and export of fresh seafood, potentially affecting supply and prices in the market. Overall, a stable and growing economy, coupled with supportive fiscal policies, can contribute to a thriving Fresh Seafood 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.
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