Fish & Seafood - Slovenia

Slovenia

Revenue in the Fish & Seafood market amounts to €205.60m in 2024. The market is expected to grow annually by 4.28% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€90bn in 2024).
In relation to total population figures, per person revenues of €97.05 are generated in 2024.
In the Fish & Seafood market, volume is expected to amount to 10.88m kg by 2029. The Fish & Seafood market is expected to show a volume growth of 1.2% in 2025.
The average volume per person in the Fish & Seafood market is expected to amount to 4.8kg in 2024.

Key regions: United Kingdom, United States, India, Canada, China

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Fish & Seafood market in Slovenia has shown minimal growth, influenced by factors such as consumer preference for locally sourced and sustainably caught seafood, increasing health consciousness, and the availability of online shopping options. The sub-markets of Fresh Fish, Fresh Seafood, and Processed Fish & Seafood have also played a role in shaping the market's growth rate.

Customer preferences: As sustainability and ethical sourcing become more important to consumers, there has been a rise in demand for locally sourced and sustainably caught fish and seafood. This trend is also being driven by a growing awareness of the environmental impact of the fishing industry. As a result, consumers are seeking out certifications and labels that guarantee sustainable and responsible practices from fish and seafood suppliers. This shift towards conscious consumption is also being fueled by a desire for healthier and more natural food options, with consumers opting for wild-caught or organic fish and seafood.

Trends in the market: In Slovenia, the Fish & Seafood Market within The Food market is seeing a shift towards sustainable and ethical fishing practices. Consumers are becoming more conscious of the environmental impact of their seafood choices and are demanding transparency from industry players. This trend is expected to continue as consumers prioritize sustainability in their purchasing decisions. Industry stakeholders will need to adapt and embrace sustainable practices to remain competitive in the market. Additionally, there is a growing demand for locally sourced seafood, as consumers prioritize supporting local businesses and reducing their carbon footprint. This trend presents opportunities for small-scale fisheries and aquaculture farms to thrive. As technology advances, there is also a growing trend of online seafood sales and home delivery services, providing convenience and accessibility to consumers. Industry stakeholders will need to embrace digitalization and explore innovative ways to reach and engage with consumers in the evolving market landscape.

Local special circumstances: In Slovenia, the Fish & Seafood Market is strongly influenced by the country's location, which provides easy access to fresh seafood from the Adriatic Sea. Additionally, Slovenian cuisine has a strong focus on seafood, with dishes like sardelice (sardines marinated in olive oil) and brancin (sea bass) being popular. The country's strict regulations on fishing and aquaculture also ensure high-quality and sustainable seafood production. These unique factors contribute to the market's growth, attracting both domestic and international consumers.

Underlying macroeconomic factors: The Fish & Seafood Market within The Food market in Slovenia is heavily influenced by macroeconomic factors such as economic growth, consumer spending, and government policies. With a strong national economy and stable fiscal policies, Slovenia has seen an increase in disposable income and consumer confidence, leading to higher demand for fish and seafood products. Additionally, the country's strategic location and access to international markets have also contributed to the growth of the Fish & Seafood Market. However, challenges such as environmental regulations and competition from other EU countries also impact the market's performance.

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.