Fresh Seafood - Greece

Greece

Highlights

Revenue in the Fresh Seafood market amounts to US$158.90m in 2024. The market is expected to grow annually by 2.90% (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$15.42 are generated in 2024.
In the Fresh Seafood market, volume is expected to amount to 5.96m kg by 2029. The Fresh Seafood market is expected to show a volume growth of 1.4% 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 Greece has seen minimal growth due to factors such as limited access to fresh seafood, low consumer awareness, and traditional food habits. Despite the convenience of online seafood services, the market's growth rate remains stagnant.

Customer preferences: Consumer demand for fresh seafood in Greece has been influenced by cultural preferences and lifestyle factors. There is a growing trend towards sustainable and locally sourced seafood, as consumers place a high value on traditional fishing methods and supporting small-scale fishermen. Furthermore, there is an increasing demand for seafood with minimal processing, as health-conscious individuals prioritize natural and unprocessed foods. This shift towards healthier and more ethical seafood options is also driven by the growing awareness of the negative environmental impact of industrial fishing practices.

Trends in the market: In Greece, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is experiencing a rise in demand for sustainably sourced seafood. Consumers are becoming more conscious of the environmental impact of their food choices and are seeking out suppliers who prioritize sustainability. This trend is expected to continue as consumers become more educated about the importance of sustainable fishing practices. Stakeholders in the industry will need to adapt to this trend by sourcing their seafood from certified sustainable suppliers and promoting their commitment to sustainability to attract environmentally conscious consumers. Additionally, the use of blockchain technology to track the supply chain of seafood products is gaining popularity in Greece, providing further transparency and assurance for consumers. This trend is expected to have a positive impact on the industry, as it builds trust and confidence in the quality and sustainability of seafood products.

Local special circumstances: In Greece, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's rich maritime culture and tradition of fishing. The market is also regulated by strict laws and regulations to ensure the sustainability of seafood resources. Additionally, Greece's location on the Mediterranean Sea gives it access to a wide variety of fresh seafood, making it a popular destination for seafood lovers. The demand for locally caught and sourced seafood is also driven by the country's tourism industry, which promotes the consumption of traditional Greek dishes made with fresh seafood.

Underlying macroeconomic factors: The Fresh Seafood Market of the Fish & Seafood Market within The Food market in Greece is heavily impacted by the macroeconomic factors. The country's economic health, fiscal policies, and global economic trends play a significant role in shaping the market's performance. Greece's ongoing financial crisis has had a significant impact on consumer spending and overall market demand. Additionally, fluctuations in currency exchange rates, inflation, and unemployment rates can also impact the market's growth. The government's policies on fisheries and trade agreements with other countries also have a direct influence on the availability and pricing of seafood in the market. Furthermore, the growing awareness of sustainability and environmental concerns in the global seafood industry has led to stricter regulations and standards, which can also impact the market in Greece.

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.