EU - Fish And Caviar - Market Analysis, Forecast, Size, Trends and Insights
Brazil’s Fish Consumption Is Forecast To Surge 45 Percent By 2023
Driven by increasing incomes, urbanization, expansion of fish production and improved distribution channels, world per capita apparent fish consumption is anticipated to reach 20.9 kg by 2023, rising from an average of 19.2 kg in 2011-2013.
Despite the apparent growth, fish consumption will be subject to uneven growth patterns in different countries. The most substantial growth will occur in Brazil (+45% in from 10.5 kg in 2011-2013 to 15.3 kg in 2023). Being a large country with a 8,400 km marine coastline, this country is one of the world's largest fish and seafood consumers. The growth in consumption will be encouraged by significant expansion in domestic aquaculture production and national initiatives to boost seafood consumption. Brazil is followed by Saudi Arabia with a +37% rise (from 11.7 kg to 16 kg), other Eastern European countries with +29% (from 9.2 kg to 11.9 kg) and China with +23% (from 35 kg to 43 kg).
Apparent fish consumption is forecast to remain stable or to decrease in Japan with -5% (from 52.8 kg to 49.9 kg), Canada with -7% and Africa with -5%. This decrease will be triggered by population growing more than supply. Therefore, African countries are expected to become more dependent on fish imports (overall increase to 25%).
It is worth noting that in spite of the fact that the gap is narrowing, there are still disparities in fish consumption between developed and developing countries. The latter consume less fish and seafood than developed ones. According to OECD-FAO Agricultural Outlook 2014, per capita fish consumption in developed countries is expected to increase from 18.4 kg in 2011-2013 to 20.4 kg in 2023. Whereas, in developed countries, per capita fish consumption is estimated to increase from 22.6 kg to 23.2 kg over the period under review.
From 2014 to 2023, population is expected to continue its growth in urban areas, especially in developing countries. By 2023, more than half (57%) of the world population will live in urban areas, triggering a decline of rural population. Undoubtedly, urbanization can be regarded as a key factor influencing food consumption patterns, including fish and seafood consumption.
Nowadays, city dwellers tend to purchase processed, convenience and higher value-added products containing higher levels of protein, like fish. However, there are many factors that may have an impact on fish consumption in different countries, such as the availability and cost, cultural factors like traditions, tastes and seasons. Fish is expected to remain predominantly consumed as food. It is a widely known fact that fish is an invaluable source of protein and a great number of essential fatty acids and micronutrients, being a necessary contribution to healthy diets.
Source: IndexBox AI Platform
Prepared or preserved fish; caviar and caviar substitutes prepared from fish eggs.
This report focuses on the EU fish and caviar market, providing an in-depth study and the most recent data on its market size and volume, EU trade, price dynamics, domestic production, and turnover in the industry. The market trends section reveals the main issues and uncertainties concerning the industry, while the medium-term outlook uncovers market perspectives. The attractivity index (IB Index) summarizes the source of current opportunities as they occur in this market, as well as an interpretation of the trade figures.
EU(28) - the report contains statistical data for 28 European countries and includes detailed profiles of the largest consuming and producing countries (Austria, Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden, the United Kingdom).
• Fish and caviar market size and value;
• EU production, split by EU Member States;
• Fish and caviar production by type;
• Profiles of the leading companies;
• EU trade (intra and extra);
• Prices for fish and caviar (producer, import and export);
• Trade structure and market channels;
• Fish and caviar market outlook to 2025;
• Per Capita Consumption.
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
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