Europe Fish Market Report and Forecast 2024-2032

Europe Fish Market Outlook

The Europe fish market is being driven by the rising fish production in the region. In EU-28, the fish production stood at  6.12 million tons in 2023. The EU-28 fish production is expected to grow at a CAGR of 3% in the forecast period of 2024-2032.

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Rising Purchase of Fish and Seafood to Aid the Fish Industry in Europe

The fish market in the Europe region is flourishing owing to several reasons, primarily the increased expenditure by the European citizens to purchase fish and seafood in spite of their higher prices. This could be attributed to the fact that the growth of European aquaculture production and expanded landings, where both the demand and prices have risen. Europe is also witnessing a robust demand for new perfected recipes and dishes with fish, prawns, and trout as their key ingredients. The popularity of these recipes is propelling the market growth of fish in Europe, mainly because it is a coastal region. Moreover, fast food chains in Europe are now selling popular seafood dishes; as a result, invigorating the market growth of fish in the region.

Fish: Market Segmentation

Fish is a limbless cold-blooded vertebrate animal that has gills to support its life in water and fins to move. It is consumed by the non-vegetarians across the globe for the many benefits it offers, including protein and nutrients.

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On the basis of fish type, the market is divided into:

• Tuna
• Cod
• Salmon
• Alaska Pollock
• Surimi
• Hake
• Herring
• Mussel
• Squid
• Others

Based on product type, the industry can be segmented into:

• Fresh
• Frozen
• Canned
• Others

By distribution channel, the industry is bifurcated into:

• Retail
• Institutional

On the basis of sector, the industry is divided into:

• Organised
• Unorganised

The markets for the product in the Europe region include the United Kingdom, Germany, France, Italy, Netherland, and Spain, among others.

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Significance of Seafood in the Food Industry to Aid the Market Growth of Fish in Europe

The fish market in Europe is witnessing growth, owing to the significance of seafood in the food industry. The market is expanding at a healthy rate as a result of the high demand for seafood from consumers of all ages and preferences across the globe. Further, the use of tuna to prepare sandwiches, bagels, and baguettes has also generated fresh demand within the region. Additionally, the introduction of new seafood recipes to people residing in arid, non-coastal areas has been of importance for the market growth of fish in Europe.

Key Industry Players in the Europe fish Market

The report gives a detailed analysis of the following key players in the Europe fish market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Nordic Seafood A/S
• Frigonova, s.r.o.
• The Fish Company
• Marine Food B.V.
• Sykes Seafoods Ltd.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report