Market Insights Consumer Food Fish & Seafood

Fresh Fish - United Arab Emirates

United Arab Emirates

Revenue in the Fresh Fish market amounts to €1.20bn in 2024. The market is expected to grow annually by 3.13% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€53bn in 2024).
In relation to total population figures, per person revenues of €124.80 are generated in 2024.
In the Fresh Fish market, volume is expected to amount to 57.00m kg by 2029. The Fresh Fish market is expected to show a volume growth of 0.7% in 2025.
The average volume per person in the Fresh Fish market is expected to amount to 5.8kg in 2024.

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

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Región

Comparación de regiones

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Analyst Opinion

The Fresh Fish Market in UAE has been experiencing minimal growth due to factors such as limited consumer awareness, high cost of digital technologies, and traditional preference for in-person fish purchases. This has led to a slower growth rate compared to other markets within the food industry.

Customer preferences: As the United Arab Emirates continues to grow as a global hub, there has been a noticeable shift in consumer preferences towards sustainable and ethically-sourced seafood. This has led to an increase in demand for locally-sourced, organic and wild-caught fish in the Fresh Fish Market. Additionally, there has been a rise in interest for seafood varieties that are not traditionally consumed in the region, as consumers become more adventurous and open to exploring new culinary experiences. This trend is driven by a growing awareness of the environmental impact of food production and a desire to support small-scale, sustainable fishing practices.

Trends in the market: In the United Arab Emirates, the Fresh Fish Market of the Fish & Seafood Market within The Food market is seeing a trend towards sustainable and responsible fishing practices. This is driven by consumer demand for ethically and environmentally sourced seafood. As a result, many industry stakeholders are investing in new technologies and techniques to reduce bycatch and preserve fish stocks. This trend is expected to continue, with potential implications for the industry including increased regulations and certifications, as well as potential shifts in consumer preferences towards more sustainable seafood options.

Local special circumstances: In the United Arab Emirates, the Fresh Fish Market within the Fish & Seafood Market is heavily influenced by the country's geography and cultural traditions. The UAE is a coastal country, allowing for easy access to fresh seafood. Additionally, the local cuisine heavily features fish and seafood, leading to a high demand for these products in the market. Furthermore, the UAE has strict regulations on the import and sale of seafood, ensuring the freshness and quality of the products. These factors contribute to the unique dynamics of the Fresh Fish Market in the UAE, setting it apart from other markets.

Underlying macroeconomic factors: The Fresh Fish Market of the Fish & Seafood Market within The Food market in the United Arab Emirates is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The country's robust economy, driven by its oil exports, has led to a strong consumer demand for high-quality fresh fish and seafood. Additionally, the government's investments in infrastructure and tourism have further boosted the growth of the market. However, fluctuations in global oil prices and potential changes in fiscal policies can impact consumer spending and, in turn, the demand for fresh fish and seafood in the country. Furthermore, the increasing health consciousness among consumers and the growing popularity of seafood as a healthy protein source are also expected to drive the market's growth.

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.