Key regions: United Kingdom, United States, India, Canada, China
The Fish & Seafood Market in Iran is experiencing mild growth, influenced by factors such as increasing demand for fresh and processed options, growing health consciousness among consumers, and the convenience of online purchasing. This trend is expected to continue as the market expands its offerings to cater to various sub-markets and meet the evolving preferences of Iranian consumers.
Customer preferences: As consumer awareness about the health benefits of seafood grows, there is a notable shift towards sustainable and ethically sourced fish and seafood products. This trend is driven by the increasing concern for environmental sustainability and animal welfare, as well as the rising popularity of plant-based diets among younger generations. Additionally, the demand for locally sourced and organic seafood is on the rise, reflecting a preference for high quality and traceable products.
Trends in the market: In Iran, the Fish & Seafood Market is experiencing a shift towards more sustainable and environmentally friendly practices. This trend is being driven by consumer demand for ethically sourced seafood, as well as government initiatives to promote sustainable fishing practices. As a result, there is a growing number of seafood farms and fisheries implementing sustainable practices, such as aquaculture and responsible sourcing. This trend is significant as it not only addresses environmental concerns, but also improves the overall quality and safety of seafood products. Industry stakeholders, such as seafood suppliers and retailers, should consider incorporating sustainable practices into their operations to stay relevant in this evolving market.
Local special circumstances: In Iran, the Fish & Seafood Market is heavily influenced by the country's coastal geography and rich cultural heritage. With the Caspian Sea and the Persian Gulf providing abundant sources of seafood, Iran's cuisine has a strong emphasis on fish and seafood dishes. Additionally, the country's strict regulations on fishing and aquaculture ensure sustainable practices and high-quality products. This unique combination of natural resources and cultural traditions has created a thriving market for fish and seafood in Iran, attracting both domestic and international consumers.
Underlying macroeconomic factors: The Fish & Seafood Market in Iran is significantly impacted by macroeconomic factors such as global trade policies, exchange rates, and government regulations. The country's reliance on imports for seafood products makes it vulnerable to fluctuations in global prices and currency valuations. Additionally, the current economic sanctions imposed on Iran have hindered the growth of the market, limiting access to necessary resources and technologies. However, recent efforts by the government to improve trade relations and invest in domestic aquaculture production have the potential to support the growth of the market 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.
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