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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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 Processed Fish & Seafood Market in Kazakhstan has been experiencing minimal growth, influenced by factors such as consumer preference for traditional, fresh fish, limited access to digital technologies in rural areas, and the dominance of local, small-scale producers. Additionally, the strong competition from imported products and high costs of technology adoption have hindered market expansion.
Customer preferences: Consumers in Kazakhstan are increasingly favoring convenience and health-conscious options when it comes to processed fish and seafood. This has led to a rise in demand for sustainably sourced and ready-to-eat seafood products. Additionally, there has been a growing trend towards plant-based seafood alternatives as more consumers are adopting flexitarian and vegetarian diets. The shift towards healthier and more sustainable choices is driven by a growing awareness of the impact of food choices on personal health and the environment.
Trends in the market: In Kazakhstan, the Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market is experiencing a shift towards more sustainable and environmentally friendly practices. This trend is driven by consumer demand for ethically sourced and sustainable seafood products. Additionally, there is a growing focus on technology and innovation in the production and distribution of processed fish and seafood. This has led to the adoption of advanced packaging and preservation methods, as well as the use of data analytics and automation in supply chain management. These trends are significant as they not only improve the overall quality of products, but also address concerns regarding overfishing and environmental impact. Industry stakeholders should take note of these trends and adapt their strategies accordingly to remain competitive in the market.
Local special circumstances: In Kazakhstan, the Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's geography and cultural preferences. Being a landlocked nation, Kazakhstan relies heavily on imports for its seafood supply, creating a unique dynamic in the market. Furthermore, the country's nomadic heritage has resulted in a strong preference for dried, smoked, and pickled fish, leading to a high demand for these processed seafood products. In addition, Kazakhstan's strict regulations on fishing and aquaculture have also shaped the market, with a focus on sustainable and responsible practices.
Underlying macroeconomic factors: The Processed Fish & Seafood Market within The Food market in Kazakhstan is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. Countries with stable economic conditions and strong investment in the seafood industry are experiencing faster growth in the Processed Fish & Seafood Market compared to regions with economic challenges and limited funding. Additionally, the increasing demand for healthy and convenient food options, as well as the growing popularity of seafood as a protein source, are driving the growth of the Processed Fish & Seafood Market in Kazakhstan. This is further supported by the country's geographical location, which provides access to a variety of fresh seafood products.
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