Market Insights Consumer Food Fish & Seafood

Fresh Fish - Israel

Israel

Revenue in the Fresh Fish market amounts to €1.17bn in 2024. The market is expected to grow annually by 2.13% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€52bn in 2024).
In relation to total population figures, per person revenues of €125.10 are generated in 2024.
In the Fresh Fish market, volume is expected to amount to 58.10m kg by 2029. The Fresh Fish market is expected to show a volume growth of 0.6% in 2025.
The average volume per person in the Fresh Fish market is expected to amount to 6.1kg in 2024.

Key regions: Russia, South Korea, Canada, United States, Philippines

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Analyst Opinion

The Fresh Fish Market in Israel is witnessing slow growth due to various factors such as limited consumer awareness, traditional buying habits, and lack of technological advancements. However, with increasing health consciousness and online options, the market is expected to grow in the future.

Customer preferences: Consumers in Israel are increasingly prioritizing sustainability and ethical sourcing when it comes to their food choices, leading to a rise in demand for locally sourced and responsibly harvested seafood. This trend is driven by a growing awareness of the impact of overfishing and the importance of supporting local fishermen. Additionally, there is a shift towards healthier eating habits, with consumers opting for fresher, unprocessed fish and seafood options as part of a balanced diet.

Trends in the market: Within the Fresh Fish Market of the Fish & Seafood Market within The Food market, there is a growing trend towards sustainable and ethically sourced seafood. This trend is being driven by consumer demand for environmentally friendly and socially responsible products. As a result, there has been an increase in certifications for sustainable fishing practices, as well as the use of technologies such as traceability systems to track the origin of seafood products. This trend is expected to continue, as consumers become more aware of the impact of their food choices and seek out more sustainable options. This has implications for both industry stakeholders and consumers, as it requires a shift in production methods and purchasing behaviors.

Local special circumstances: In Israel, the Fresh Fish Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's geographic location as a coastal region and its strong cultural emphasis on fresh, high-quality seafood. Additionally, strict regulations on fishing practices and importation of seafood contribute to the market's dynamic, creating a demand for locally caught and sourced fish. This sets it apart from other markets where seafood may be more readily available and less regulated.

Underlying macroeconomic factors: The Fresh Fish Market of the Fish & Seafood Market within The Food market in Israel is significantly influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. Israel's strong economy and stable political environment have contributed to the growth of the fish and seafood market, with increasing demand for high-quality and sustainably sourced fresh fish. Additionally, Israel's strategic location and trade agreements with neighboring countries have helped boost the country's fish and seafood exports, further driving market growth. The government's support for the development of aquaculture and sustainable fishing practices has also played a crucial role in the market's success. However, fluctuations in global fish prices and trade tensions with certain countries can impact the market's performance.

Methodology

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.