Key regions: United Kingdom, United States, India, Canada, China
The Fish & Seafood market in Qatar is experiencing minimal growth due to factors such as limited availability of fresh seafood, high import costs, and changing consumer preferences towards healthier and sustainable options. However, with the increasing popularity of e-commerce and the government's efforts to promote local fisheries, the market is expected to see a steady growth in the coming years.
Customer preferences: The Fish & Seafood Market in Qatar has seen a rise in demand for sustainably sourced and locally caught seafood, as consumers become more conscious of their environmental impact. Additionally, there has been a growing preference for fresh, unprocessed seafood over frozen options. This trend is driven by a desire for healthier and more natural food choices, reflecting a shift towards a more health-conscious lifestyle among Qatari consumers. Furthermore, there has been an increase in demand for online seafood purchases, as consumers look for convenient and contactless shopping options in light of the COVID-19 pandemic.
Trends in the market: In Qatar, the Fish & Seafood Market is experiencing a rising demand for sustainable and locally sourced seafood. This trend is driven by increasing consumer awareness of seafood sustainability and the benefits of supporting local businesses. As a result, there has been a surge in the establishment of small-scale, sustainable fisheries and aquaculture farms. This trend is expected to continue, with major players in the industry investing in sustainable practices and promoting traceability in the supply chain. This could have significant implications for industry stakeholders, as it presents an opportunity for differentiation and increased consumer trust. However, it also poses challenges in terms of meeting the growing demand and ensuring the sustainability of these practices.
Local special circumstances: In Qatar, the Fish & Seafood Market is heavily influenced by the country's geographical location, situated on the coast of the Persian Gulf. This provides easy access to a wide variety of fresh seafood, resulting in a thriving market for local and imported seafood products. Additionally, Qatar's cultural affinity for seafood, as it is a staple part of the traditional Qatari diet, further drives the demand for fish and seafood products. Furthermore, the government's strict regulations and quality standards for imported seafood ensure the safety and integrity of the market, making it a trusted source for high-quality seafood products.
Underlying macroeconomic factors: The Fish & Seafood Market within The Food market in Qatar is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. Qatar's strong economic growth and stable political environment have contributed to the increasing demand for fish and seafood products in the country. Additionally, the government's investments in the food industry and efforts to diversify the economy have also positively impacted the market. However, fluctuations in global seafood prices and changes in consumer preferences towards sustainable and organic seafood could also affect the market's performance.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
