Market Insights Consumer Food Fish & Seafood

Fresh Seafood - United Arab Emirates

United Arab Emirates

Revenue in the Fresh Seafood market amounts to €0.55bn in 2024. The market is expected to grow annually by 6.40% (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 €57.51 are generated in 2024.
In the Fresh Seafood market, volume is expected to amount to 21.33m kg by 2029. The Fresh Seafood market is expected to show a volume growth of 5.0% in 2025.
The average volume per person in the Fresh Seafood market is expected to amount to 1.9kg in 2024.

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

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Fresh Seafood Market in the UAE is experiencing minimal growth, influenced by factors such as fluctuating seafood prices, changing consumer preferences, and increasing competition from other food markets. Despite these challenges, the market is still driven by the convenience and quality of fresh seafood options available to consumers.

Customer preferences: Consumers in the Fresh Seafood Market of the Fish & Seafood Market within The Food market are increasingly prioritizing sustainable and ethically-sourced seafood options. This trend is driven by a growing awareness of the environmental impacts of overfishing and the importance of supporting local fishermen and small-scale fisheries. Additionally, there is a rising demand for traceability and transparency in the seafood supply chain, with consumers seeking information on the origin and production methods of their seafood. This is also influenced by a shift towards healthier and more conscious food choices, as consumers look for high-quality, nutrient-dense seafood options.

Trends in the market: In the United Arab Emirates, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is experiencing a surge in demand for sustainably sourced and locally caught seafood. This trend is driven by increasing consumer awareness about the environmental impact of seafood production and the desire for fresher and healthier options. As a result, there has been a rise in the number of seafood markets and restaurants offering sustainably caught seafood. This trend is set to continue as consumers become more conscious about their food choices and seek out sustainable and locally sourced options. This presents an opportunity for industry stakeholders to invest in sustainable practices and cater to the growing demand for ethically sourced seafood. It also highlights the need for transparent labeling and certifications to assure consumers of the sustainability of their seafood choices.

Local special circumstances: In the United Arab Emirates, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's coastal location and cultural preferences for fresh seafood. The market is also regulated by strict quality and safety standards, ensuring the availability of high-quality seafood products. Additionally, the demand for sustainable and ethically-sourced seafood is gaining traction in the UAE market, driven by consumer awareness and government initiatives. This unique combination of factors sets the UAE's Fresh Seafood Market apart from other markets, shaping its growth and evolution.

Underlying macroeconomic factors: The Fresh Seafood Market of the Fish & Seafood Market within The Food market is influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. The market performance is affected by the overall economic health of the country, with stable and growing economies experiencing higher demand for fresh seafood. Additionally, favorable fiscal policies and government support can boost the market, while economic downturns and unstable financial indicators can lead to a decrease in consumption and market growth. Furthermore, increasing disposable income and changing consumer preferences towards healthier food options also play a significant role in the growth of the Fresh Seafood Market.

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.