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 Moldova is experiencing minimal growth, influenced by factors such as consumer preference for canned and dried fish, and the convenience of fish fingers and portions. Health awareness and the adoption of digital technologies also play a role in the market's growth.
Customer preferences: Consumers in Moldova are showing a growing interest in processed fish and seafood products, especially those that are sustainably sourced and offer health benefits. This trend is driven by a growing awareness of the importance of a nutritious diet and the influence of Western dietary habits. Additionally, the demand for ready-to-eat and convenient options is on the rise, as more individuals are seeking quick and easy meal solutions in their busy lifestyles. This has resulted in a surge of new product developments, such as pre-packaged seafood salads and marinated fish fillets.
Trends in the market: In Moldova, the Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market is experiencing a shift towards sustainability and traceability. Consumers are increasingly demanding transparency in the sourcing and production of seafood products. This trend is driven by growing concerns about overfishing and environmental impact. As a result, industry stakeholders are adopting more sustainable practices and investing in technology to track and trace the entire supply chain. This not only addresses consumer demands, but also aligns with the global movement towards sustainable and ethical food production. The trajectory of this trend is expected to continue, with potential implications for industry stakeholders including increased competition and the need for investment in sustainable practices and technology.
Local special circumstances: In Moldova, the Processed Fish & Seafood market is heavily influenced by the country's location between the Black Sea and the Dniester River. This not only provides a rich source of seafood, but also influences traditional cuisine and cultural preferences for fish-based dishes. Additionally, the country's strict regulatory standards for food safety and labeling play a significant role in shaping the market. These factors create a unique market dynamic, with a strong emphasis on quality and locally-sourced products.
Underlying macroeconomic factors: The Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market is also significantly impacted by macroeconomic factors. Global economic trends, such as fluctuations in demand and supply, can greatly affect the availability and pricing of processed fish and seafood products. Additionally, the national economic health of a country can have a direct impact on the market, as it determines the purchasing power of consumers. Fiscal policies, such as taxes and tariffs, can also influence market performance by affecting the production and distribution costs of processed fish and seafood products. Other relevant financial indicators, such as inflation rates and exchange rates, also play a role in shaping the market dynamics.
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