Market Insights Consumer Food Fish & Seafood

Processed Fish & Seafood - Sweden

Sweden

Revenue in the Processed Fish & Seafood market amounts to €147.30m in 2024. The market is expected to grow annually by 4.58% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€30,060m in 2024).
In relation to total population figures, per person revenues of €13.80 are generated in 2024.
In the Processed Fish & Seafood market, volume is expected to amount to 8.82m kg by 2029. The Processed Fish & Seafood market is expected to show a volume growth of 2.0% in 2025.
The average volume per person in the Processed Fish & Seafood market is expected to amount to 0.7kg in 2024.

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

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Comparación de regiones

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Analyst Opinion

The Processed Fish & Seafood Market in Sweden is facing negligible growth due to factors such as changing consumer preferences, increased competition, and regulatory challenges. Despite the convenience offered by online markets and rising health awareness, the market is impacted by the sub-markets of Canned, Dried & Smoked Fish and Fish Fingers & Portions. The overall market is struggling to maintain its growth rate due to these factors, making it a challenging market for businesses to thrive in.

Customer preferences: The Processed Fish & Seafood Market in Sweden has seen a rise in demand for sustainably sourced and ethically produced products, as consumers become more conscious of their environmental impact. This trend is driven by the growing awareness of the detrimental effects of overfishing and the depletion of marine resources. Additionally, there is a growing preference for convenience and time-saving options, leading to a rise in demand for ready-to-eat and pre-packaged seafood products.

Trends in the market: In Sweden, the Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market is experiencing a surge in demand for sustainable and traceable seafood. This is driven by growing consumer awareness and concerns about overfishing and environmental impacts. As a result, there is a trend towards certifications and labels, such as the Marine Stewardship Council, to ensure responsible sourcing. This trend is expected to continue and may lead to increased market competition and stricter regulations for industry players. Additionally, there is a growing interest in innovative processing methods, such as skinless and boneless fillets, to cater to changing consumer preferences for convenience and healthy options. These trends hold significant implications for industry stakeholders, as they must adapt to meet consumer demands and navigate evolving regulations to maintain market competitiveness.

Local special circumstances: In Sweden, the Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's long coastline and strong fishing tradition. The strict regulations on sustainable fishing practices and the use of organic ingredients have also shaped the market. Additionally, the Swedish consumers' preference for healthy and natural products has led to the rise of innovative seafood processing techniques, such as smoking and pickling, to preserve the natural flavors and nutritional value of the fish. These factors have contributed to the growth and diversification of the Processed Fish & Seafood Market in Sweden.

Underlying macroeconomic factors: The Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market is heavily influenced by macroeconomic factors in Sweden. The country's stable economy, strong regulatory environment, and high levels of consumer spending are driving the growth of the market. Additionally, Sweden's focus on sustainability and innovation in the food industry has led to the development of advanced processing techniques and packaging methods for fish and seafood products. Furthermore, the increasing demand for healthy and convenient food options, along with the growing trend of seafood consumption, are also contributing to the market's expansion. Overall, Sweden's favorable macroeconomic conditions and consumer preferences are expected to continue fueling the growth of the Processed Fish & Seafood Market in the coming years.

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.