Definition:
The Fresh Seafood market covers all types of products made from crustaceans, mollusks, and other aquatic invertebrates that have not been cooked, heated, dried, cured by brine, or processed in any way other than boning, cutting, comminuting, or freezing. Fresh, chilled, or frozen seafood that has been farmed or harvested from freshwater or the ocean are included in the market.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Fresh Seafood market in Tunisia is experiencing subdued growth due to factors such as limited consumer awareness, lack of access to digital technologies, and traditional purchasing habits. Despite these challenges, the market is expected to grow as consumers become more health-conscious and seek convenience in purchasing online.
Customer preferences: As Tunisian consumers become more health-conscious and environmentally aware, there has been a rise in demand for sustainably sourced and locally caught seafood. This trend is driven by a desire for fresh, high-quality products and a preference for supporting local fishermen and businesses. Additionally, there is a growing interest in alternative seafood options such as plant-based alternatives and aquaculture, reflecting a shift towards more environmentally friendly and ethical food choices.
Trends in the market: In Tunisia, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is experiencing a growing demand for sustainable and locally caught seafood. Consumers are increasingly concerned about the environmental impact of their food choices and are seeking out responsibly sourced options. This trend is expected to continue as consumers become more educated about the seafood industry and its effects on the environment. Industry stakeholders should take note of this trend and consider implementing sustainable practices in their operations to meet consumer demands and stay competitive in the market. Additionally, there is a rise in online seafood marketplaces, providing consumers with convenient access to a wide variety of fresh seafood products. This trend presents an opportunity for industry stakeholders to expand their reach and tap into a larger customer base. However, it also means increased competition and the need to continually innovate and improve services to stand out in the crowded online marketplace. Overall, the current trends in the Fresh Seafood Market in Tunisia highlight the importance of sustainability and digitalization in the industry, with potential implications for industry stakeholders to adapt and evolve to meet changing consumer preferences.
Local special circumstances: In Tunisia, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is heavily influenced by its geographical location on the Mediterranean Sea. This allows for a diverse range of seafood options to be easily accessible, leading to a thriving market. Additionally, the country's rich cultural heritage places a strong emphasis on seafood in their cuisine, further driving demand. Furthermore, Tunisia has implemented strict regulations for the fishing industry, ensuring sustainable practices and quality products, making it a sought-after market for high-quality fresh seafood.
Underlying macroeconomic factors: The Fresh Seafood Market of the Fish & Seafood Market within The Food market in Tunisia is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other important financial indicators. As a developing country, Tunisia's economy is heavily reliant on agriculture, including the fishing industry. Any changes in global economic trends, such as fluctuations in demand or supply, can have a significant impact on the country's seafood market. Additionally, the government's fiscal policies, such as taxes and subsidies, can also affect the market's growth and development. Furthermore, the country's economic health and stability play a crucial role in consumer purchasing power and overall market performance. With a strong focus on economic growth and development, Tunisia has been investing in its infrastructure, including the fishing industry, to improve market efficiency and competitiveness. These macroeconomic factors, along with others, continue to shape the Fresh Seafood Market in Tunisia and influence its growth and potential.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights