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 Turkey is experiencing mild growth, influenced by factors such as increasing consumer awareness of the health benefits of seafood, the convenience of online purchasing, and the availability of a variety of canned, dried, smoked, and fish finger products. Other factors contributing to this growth include the growing demand for seafood in The Food market and the expansion of the fish & seafood industry in Turkey.
Customer preferences: The popularity of healthy and sustainable food options has spurred a rise in demand for processed fish and seafood in Turkey. In particular, there has been a growing preference for locally sourced and ethically produced products, as consumers become more conscious of their environmental impact. This trend is also influenced by the increasing health consciousness among Turkish consumers, who are opting for leaner and protein-rich seafood options as part of their balanced diet. Additionally, the convenience of ready-to-eat and frozen seafood products has also contributed to the growth of the processed fish and seafood market in Turkey.
Trends in the market: In Turkey, the Processed Fish & Seafood Market is experiencing a rise in demand for sustainable and organic seafood products. This trend is driven by growing consumer awareness of health and environmental concerns, as well as increasing regulations on fishing practices. As a result, industry players are investing in sustainable sourcing and production methods to meet this demand. Furthermore, there is a shift towards online sales and home delivery services, as consumers prioritize convenience and safety amid the COVID-19 pandemic. This trend is expected to continue in the future, with potential implications for industry stakeholders such as increased competition and the need for innovative marketing strategies to target online consumers.
Local special circumstances: In Turkey, the Processed Fish & Seafood Market within The Food market has been heavily influenced by the country's unique geographical location. Surrounded by water on three sides, Turkey has a rich history and tradition of fishing, leading to a strong demand for processed fish and seafood. Additionally, the country's diverse cultural influences have also played a role in shaping the market, with a wide variety of cuisines and preferences for different types of fish and seafood. Furthermore, Turkey's strict regulatory standards for food safety and quality have helped to build consumer trust in the processed fish and seafood market, driving its growth and popularity among both domestic and international buyers.
Underlying macroeconomic factors: The Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market market in Turkey is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. Turkey's growing population, rising disposable incomes, and changing consumer preferences have led to an increase in demand for convenient and healthy food options, including processed fish and seafood. Additionally, government initiatives to promote food exports and attract foreign investments in the food industry have further bolstered the market. However, fluctuations in exchange rates and trade policies, as well as ongoing political tensions, may impact the market's growth in the future.
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