Definition:
The Fish & Seafood market covers products made from edible fish and crustaceans, mollusks, and other seafood. These products have been farmed or harvested from freshwater or the ocean and are bought and consumed for nutrient-based purposes.
Structure:
The market consists of 3 different submarkets:
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.
For more information on the displayed data, click the info button on the right side of each box.
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: Mar 2024
Sources: Statista Market Insights, Statista Consumer Insights Global
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Fish & Seafood market in Israel is experiencing minimal growth due to factors such as limited consumer awareness, lack of access to digital technologies, and the prevalence of traditional buying habits in the sub-markets of Fresh Fish, Fresh Seafood, and Processed Fish & Seafood. However, increasing health consciousness and the convenience of online services could potentially drive future growth in this market.
Customer preferences: As Israel's food market continues to evolve, there has been a noticeable increase in consumer demand for sustainable and ethically-sourced seafood products. This trend is driven by a growing awareness of the negative environmental impact of overfishing and by a desire to support local fishermen and their communities. Additionally, there has been a shift towards healthier and more diverse seafood options, as consumers prioritize their physical well-being and embrace new culinary experiences.
Trends in the market: In Israel, the Fish & Seafood Market is experiencing a shift towards sustainable practices, with consumers becoming more conscious of the environmental impact of their food choices. This trend is expected to continue, driven by government initiatives and consumer demand. Additionally, there is a growing trend towards convenient and ready-to-eat seafood products, as busy lifestyles and a focus on health and wellness drive demand. This presents opportunities for industry players to innovate and diversify their product offerings to meet changing consumer needs.
Local special circumstances: In Israel, the Fish & Seafood Market is heavily influenced by the country's location on the Mediterranean Sea, making seafood a popular and easily accessible option for consumers. Additionally, the Kosher dietary laws in Israel heavily prioritize the consumption of fish, further driving demand for seafood products. The Israeli government also has strict regulations in place to ensure the safety and sustainability of the seafood industry, which has helped to establish a reputation for high-quality and ethically-sourced seafood products. This unique combination of geographical, cultural, and regulatory factors has created a strong and thriving Fish & Seafood Market in Israel, setting it apart from other markets and shaping its market dynamics.
Underlying macroeconomic factors: The Fish & Seafood Market in Israel is greatly impacted by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. Israel's strong economy and stable political climate have created a favorable environment for market growth. Additionally, the government's investment in the food sector, including the fish and seafood industry, has led to advancements in technology and infrastructure, further driving market growth. The increasing demand for healthy and sustainable food options, coupled with Israel's position as a leading exporter of fish and seafood, has also contributed to the market's success.
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