Market Insights Consumer Food Fish & Seafood

Fresh Seafood - United Kingdom

United Kingdom

Revenue in the Fresh Seafood market amounts to €0.80bn in 2024. The market is expected to grow annually by 3.71% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (€11,140m in 2024).
In relation to total population figures, per person revenues of €11.82 are generated in 2024.
In the Fresh Seafood market, volume is expected to amount to 21.58m kg by 2029. The Fresh Seafood market is expected to show a volume growth of 1.8% in 2025.
The average volume per person in the Fresh Seafood market is expected to amount to 0.3kg in 2024.

Key regions: South Korea, Canada, China, Japan, United States

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Comparación de regiones

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Analyst Opinion

The Fresh Seafood Market in the UK has seen limited growth in recent years, with various factors impacting this trend. These include changing consumer preferences, stricter regulations, and competition from other food markets. Despite this, the convenience and growing health consciousness of consumers continue to drive demand for online seafood services.

Customer preferences: Consumers in the Fresh Seafood Market of the Fish & Seafood Market within The Food market are increasingly prioritizing sustainable and ethical practices in their purchasing decisions. This trend is driven by a growing awareness of the impact of overfishing and the importance of preserving marine ecosystems. As a result, there is a rising demand for responsibly sourced seafood and transparency in the supply chain. This shift is also influenced by the emergence of eco-conscious and health-conscious consumers who are seeking healthier and more environmentally friendly options in their diets.

Trends in the market: In the United Kingdom, the Fresh Seafood Market of the Fish & Seafood Market within The Food market industry is experiencing a surge in demand for sustainably sourced seafood. This trend is being driven by increasing consumer awareness and concerns about overfishing and the environmental impact of fishing practices. As a result, there has been a rise in the use of eco-labeling and certification schemes, as well as a growing market for seafood traceability technology. These developments are significant for industry stakeholders, as they must adapt to meet consumer demand for sustainable seafood and navigate the complex supply chain and regulatory landscape. Failure to do so could result in negative consequences for both the environment and the industry's reputation.

Local special circumstances: In the United Kingdom, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is influenced by the country's rich fishing heritage and strong demand for high-quality, locally sourced seafood. The regulatory environment also plays a role, with strict food safety standards and traceability regulations shaping market dynamics. Additionally, the UK's geographical location and proximity to major fishing grounds in the North Sea and Atlantic Ocean contribute to the availability and diversity of fresh seafood in the market.

Underlying macroeconomic factors: The Fresh Seafood Market of the Fish & Seafood Market within The Food market is heavily influenced by macroeconomic factors such as global trade policies, national economic stability, and consumer spending patterns. Regions with favorable trade agreements, stable economies, and high levels of disposable income tend to experience more growth in the Fresh Seafood Market, as consumers are able to afford and demand a wider variety of seafood products. On the other hand, countries with unstable economies and limited purchasing power may see a slower growth rate in the Fresh Seafood Market, as consumers prioritize more essential food items over seafood products. Additionally, government policies and regulations, such as fishing quotas and import regulations, can also greatly impact the availability and pricing of seafood products in the market. Overall, the performance of the Fresh Seafood Market is closely tied to the economic health and policies of the given country.

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.