Market Insights Consumer Food Fish & Seafood

Processed Fish & Seafood - Europe

Europe

Revenue in the Processed Fish & Seafood market amounts to €30.69bn in 2024. The market is expected to grow annually by 5.15% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€29,750m in 2024).
In relation to total population figures, per person revenues of €36.29 are generated in 2024.
In the Processed Fish & Seafood market, volume is expected to amount to 2.62bn kg by 2029. The Processed Fish & Seafood market is expected to show a volume growth of 2.3% in 2025.
The average volume per person in the Processed Fish & Seafood market is expected to amount to 2.8kg in 2024.

Key regions: Japan, United States, Philippines, Russia, China

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Región

Comparación de regiones

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Analyst Opinion

In recent years, the Processed Fish & Seafood Market in Europe has seen a modest growth rate. Factors such as increasing health awareness, convenience of online services, and technological advancements have contributed to this trend. Despite sub-markets like Canned, Dried & Smoked Fish and Fish Fingers & Portions showing stable growth, the overall market is impacted by factors such as fluctuating fish prices, strict regulations, and disruptions in supply chains.

Customer preferences: Consumers in Europe are increasingly opting for sustainable and ethically sourced processed fish and seafood products, reflecting a growing concern for environmental and social impact. This trend is further fueled by a rise in health-consciousness, with consumers looking for clean and nutritious options. In addition, there is a growing demand for convenience and ready-to-eat products, driven by busy lifestyles and a desire for easy meal solutions. This shift towards ethical and healthy choices is expected to continue shaping the processed fish & seafood market in Europe.

Trends in the market: In Europe, the Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market is experiencing a rise in demand for sustainable and ethically sourced products. Consumers are increasingly concerned about the environmental impact of their food choices and are seeking out certified sustainable options. This trend is expected to continue as more consumers prioritize sustainability in their purchasing decisions. As a result, industry stakeholders may need to adjust their sourcing and production practices to meet this growing demand for sustainable processed fish and seafood. Furthermore, companies that can effectively communicate their commitment to sustainability may have a competitive advantage in this market.

Local special circumstances: In Europe, the Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market is heavily influenced by the region's strong fishing tradition and strict regulatory standards for seafood production. The demand for sustainable and traceable seafood has led to the implementation of various certifications, such as the Marine Stewardship Council (MSC) and Aquaculture Stewardship Council (ASC). Additionally, the diverse culinary cultures and preferences across Europe drive the demand for a wide variety of processed fish and seafood products, creating a competitive and dynamic market.

Underlying macroeconomic factors: The Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market is influenced by macroeconomic factors such as consumer demand, trade policies, and environmental regulations. Countries with strong economic growth and favorable trade policies tend to experience higher demand for processed fish and seafood products. Additionally, increasing consumer awareness about sustainable fishing practices and the impact of overfishing on the environment is leading to stricter environmental regulations and certifications for seafood products. This is driving the demand for sustainably sourced and processed fish and seafood products in the market. Moreover, the growing trend of health-conscious and convenience-oriented consumers is also influencing the market, as processed fish and seafood products are perceived as healthier and more convenient options compared to other protein sources.

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.