Processed Fish & Seafood - Ireland

Revenue in the Processed Fish & Seafood market amounts to US$171.50m in 2024. The market is expected to grow annually by 2.89% (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$33.70 are generated in 2024.
In the Processed Fish & Seafood market, volume is expected to amount to 7.71m kg by 2029. The Processed Fish & Seafood market is expected to show a volume growth of 1.3% in 2025.0.
The average volume per person in the Processed Fish & Seafood market is expected to amount to 1.4kg 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.

For more information on the displayed data, click the info button on the right side of each box.

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 Fish & Seafood Market in Ireland has seen slow growth due to factors such as changing consumer preferences, increasing competition, and fluctuating demand. The Canned, Dried & Smoked Fish sub-market has been impacted by rising health consciousness, while the Fish Fingers & Portions sub-market has been affected by convenience and affordability. However, the overall growth rate remains negligible, possibly due to regulatory constraints and limited technological advancements in the industry.

Customer preferences: Consumers in Ireland are becoming more health-conscious, leading to a growing demand for processed fish and seafood products that are perceived as healthier options. With a focus on sustainability, there is also a trend towards choosing locally sourced and eco-friendly seafood. Additionally, the rise of flexitarian and plant-based diets has resulted in an increased demand for processed fish and seafood alternatives, such as plant-based seafood products. This shift in consumer preferences is driven by a desire for healthier and more sustainable food choices.

Trends in the market: In Ireland, the Processed Fish & Seafood Market within The Food market is experiencing an increase in demand for sustainably sourced and ethically produced products. This trend is driven by consumer awareness and concerns about overfishing and environmental impact. As a result, industry stakeholders are investing in sustainable fishing practices and certifications to meet this demand. Implications for the market include potential growth opportunities for companies that can demonstrate their commitment to sustainability, as well as potential challenges for those who cannot adapt to changing consumer preferences.

Local special circumstances: In Ireland, the Processed Fish & Seafood Market within The Food market is heavily influenced by the country's coastal location and strong fishing traditions. The Irish seafood industry is known for its sustainable practices and high-quality products, which attract both domestic and international consumers. Additionally, Ireland's strict regulatory standards for food safety and traceability contribute to the market's stability and trustworthiness. The country's rich seafood heritage and commitment to sustainability and quality make it a unique and desirable market for processed fish and seafood products.

Underlying macroeconomic factors: The Processed Fish & Seafood Market in Ireland is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. Ireland's strong economic growth and stable fiscal policies have created a favorable business environment for the Fish & Seafood Market, leading to increased investments and market growth. Additionally, the country's strategic location and access to key international markets have contributed to the growth of the Processed Fish & Seafood Market. Furthermore, Ireland's robust regulatory environment and investments in healthcare infrastructure have also played a crucial role in driving the demand for processed fish and seafood, particularly in the context of rising health consciousness and increasing demand for healthy and sustainable food options.

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.