Key regions: South Korea, Canada, China, Japan, United States
The Fresh Seafood Market in Qatar is experiencing minimal growth due to various factors including limited consumer awareness and traditional food preferences. Despite the convenience of online seafood services, the market's growth rate remains stagnant.
Customer preferences: Consumers in Qatar are increasingly turning towards sustainable and locally sourced seafood options, driven by a growing awareness of environmental concerns and a desire for fresher, healthier products. This has led to a rise in demand for fish and seafood from local markets and fishermen, as well as a preference for wild-caught over farmed options. Additionally, there is a growing trend towards including seafood in traditional Qatari dishes and cuisine, showcasing a fusion of cultural influences in the market.
Trends in the market: In Qatar, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is experiencing a surge in demand for sustainably sourced seafood. This trend has been driven by consumers' growing awareness of the environmental impact of fishing practices and their desire for ethically sourced products. As a result, there has been a significant increase in the availability of certified sustainable seafood options in the market. This trend is expected to continue, with industry stakeholders focusing on promoting sustainable fishing practices and meeting consumer demand for eco-friendly seafood options. Additionally, the rise of e-commerce and online food delivery services in Qatar has also led to an increase in online seafood purchases, providing convenience for consumers and opening up new opportunities for seafood businesses. This trend is likely to continue, as the pandemic has accelerated the shift towards online shopping and delivery services. Industry stakeholders in the Fresh Seafood Market will need to prioritize sustainability and invest in online platforms to stay competitive in this evolving market.
Local special circumstances: In Qatar, the Fresh Seafood Market of the Fish & Seafood Market is heavily influenced by the country's geographical location and cultural traditions. Located on the Arabian Gulf, Qatar has a thriving fishing industry that supplies a variety of fresh seafood to both locals and tourists. The country's strong culinary culture also drives demand for high-quality seafood, leading to a competitive market for suppliers. Additionally, Qatar's strict regulations on food safety and quality play a significant role in shaping market dynamics, ensuring that only the freshest and safest seafood products are available to consumers.
Underlying macroeconomic factors: The Fresh Seafood Market of the Fish & Seafood Market within The Food market in Qatar is heavily influenced by macroeconomic factors such as economic stability, government policies, and consumer spending. The country's strong economy and stable political climate have created a favorable environment for the seafood market to thrive. Additionally, Qatar's strategic location and growing tourism industry have increased demand for fresh seafood, driving market growth. Moreover, the government's investments in infrastructure and favorable trade policies have further bolstered the market's performance. However, fluctuations in global seafood prices and changes in consumer preferences could impact the market 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.
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