Market Insights Consumer Food Fish & Seafood

Processed Fish & Seafood - Iran

Iran

Revenue in the Processed Fish & Seafood market amounts to €2.44bn in 2024. The market is expected to grow annually by 21.83% (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 €27.23 are generated in 2024.
In the Processed Fish & Seafood market, volume is expected to amount to 92.32m kg by 2029. The Processed Fish & Seafood market is expected to show a volume growth of 1.4% in 2025.
The average volume per person in the Processed Fish & Seafood market is expected to amount to 0.8kg in 2024.

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

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Processed Fish & Seafood Market in Iran is experiencing considerable growth, driven by factors such as increasing demand for convenient and healthy food options, as well as growing awareness about the benefits of incorporating fish and seafood into one's diet. The sub-markets of Canned, Dried & Smoked Fish and Fish Fingers & Portions are playing a significant role in driving this growth. Additionally, the introduction of new technologies and online platforms for purchasing and delivering these products are also contributing to the market's growth rate.

Customer preferences: As consumers in Iran become more health-conscious, there has been a notable increase in demand for processed fish and seafood products. This trend can be attributed to the cultural preference for fresh and healthy ingredients in Iranian cuisine. Additionally, with a growing middle class and busy lifestyles, there is a growing demand for convenience and ready-to-eat seafood options. This has led to a rise in the availability of processed fish and seafood products in the market, catering to the evolving needs and preferences of consumers.

Trends in the market: In Iran, the Processed Fish & Seafood market is seeing a rise in demand for healthier and more sustainable options. This is reflected in the growing popularity of locally-sourced and organic seafood products. Additionally, there is a trend towards value-added processing, with companies offering ready-to-eat and convenience seafood products. These trends are significant as they cater to the increasing health-consciousness of consumers and offer potential opportunities for industry stakeholders to differentiate themselves and tap into a growing market segment. However, challenges such as supply chain issues and lack of government support for sustainable fishing practices may pose potential implications for the industry in the long run.

Local special circumstances: In Iran, the Processed Fish & Seafood Market within The Food market is heavily influenced by cultural and religious factors. The majority of the population follows Islamic dietary laws, which dictate strict guidelines for the consumption of fish and seafood. This has led to a significant demand for halal-certified processed fish and seafood products. Additionally, Iran's geographical location, with access to both the Caspian Sea and the Persian Gulf, has allowed for a diverse range of seafood offerings, providing opportunities for both local and international players in the market. However, strict import regulations and trade sanctions have also had a significant impact on market dynamics, leading to a reliance on domestic production and limited access to foreign products.

Underlying macroeconomic factors: The Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market in Iran is heavily impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. Iran's economy has faced challenges in recent years due to international sanctions and the decline in oil prices. This has resulted in a slow economic growth rate and high inflation, which can affect consumer spending on processed fish and seafood products. However, the government's efforts to diversify the economy and promote non-oil exports, including processed fish and seafood, are expected to have a positive impact on market growth. Additionally, the increasing health consciousness among consumers and the growing demand for nutritious food options are driving the demand for processed fish and seafood in Iran.

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.