Processed Fish & Seafood - EMEA | Statista Market Forecast

Revenue in the Processed Fish & Seafood market amounts to US$64.98bn in 2024. The market is expected to grow annually by 8.59% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$32bn in 2024).
In relation to total population figures, per person revenues of US$26.61 are generated in 2024.
In the Processed Fish & Seafood market, volume is expected to amount to 5.70bn kg by 2029. The Processed Fish & Seafood market is expected to show a volume growth of 4.0% in 2025.0.
The average volume per person in the Processed Fish & Seafood market is expected to amount to 2.0kg in 2024.

Definition:

The Processed Fish & Seafood market covers all types of fish and seafood that have either been smoked, dried, canned, salted or given chemical preservatives.

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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Canned, dried and smoked fish
Processed seafood
Surimi-based products
Fish sticks, Fish nuggets

Fresh and frozen fish
Fresh and frozen seafood
Ready-to-eat meals
Caviar and prepared and preserved shark fins
Out-of-home consumption

The Processed Fish & Seafood Market in EMEA has witnessed moderate growth due to factors such as increasing demand for convenience foods, growing health awareness, and the rise of online retail channels. However, the market's growth rate remains subdued due to challenges such as fluctuating seafood prices, strict regulations, and competition from other protein sources. Despite these challenges, the market is expected to continue growing as consumers seek healthier and more convenient food options.

Customer preferences: Consumers in the EMEA region are increasingly conscious of the environmental impact of their food choices, leading to a growing demand for sustainably sourced and eco-friendly processed fish and seafood products. Additionally, there is a rising trend of incorporating plant-based alternatives into traditional seafood dishes, driven by a growing vegetarian and flexitarian population. This shift towards more sustainable and plant-based options is also influenced by a cultural focus on health and wellness, as well as a desire for ethical and socially responsible consumption.

Trends in the market: In the EMEA region, the Processed Fish & Seafood market is experiencing a growing demand for sustainable and traceable seafood products. This trend is driven by increasing consumer awareness about the environmental impact of fishing practices and the importance of responsible sourcing. In addition, there is a rising demand for plant-based alternatives to traditional seafood products, driven by the growing trend of flexitarian and vegetarian diets. These trends are expected to continue in the coming years, presenting opportunities for industry stakeholders to innovate and cater to the changing consumer preferences.

Local special circumstances: In the EMEA region, the Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market is influenced by unique local factors. For instance, in Europe, there is a high demand for sustainable and organic seafood products due to strict regulations on food safety and environmental sustainability. In the Middle East, the market is driven by the growing popularity of processed fish and seafood as a convenient and healthy protein option, especially during Ramadan. These factors contribute to the diverse dynamics of the market in the EMEA region.

Underlying macroeconomic factors: The Processed Fish & Seafood Market within The Food market is greatly impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. Countries with strong economic growth and stable fiscal policies tend to have a higher demand for processed fish and seafood products. Furthermore, investments in infrastructure and technological advancements within the seafood industry also play a crucial role in market performance. The growing prevalence of chronic diseases and aging population globally are also driving the demand for processed fish and seafood products, as they are considered a healthier protein option compared to other meats.

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.