Processed Fish & Seafood - GCC
GCC- Revenue in the Processed Fish & Seafood Market is projected to reach US$******,****** in ****.
- Revenue is expected to show an annual growth rate (CAGR *********) of ****%, resulting in a projected market volume of US$*******,****** by ****.
- With a projected market volume of US$*****,*******.** in ****, most revenue is generated China.
- In the Processed Fish & Seafood Market, the number of buyers is expected to amount to *****,***** users by ****.
- Buyer penetration will be ***% in **** and is expected to hit ***% by ****.
- The average revenue per buyer (ARPB) is expected to amount to US$*****.
Definition:
The eCommerce Processed Fish & Seafood market refers to the online buying and selling of processed fish and seafood products. This market includes various types of processed fish and seafood, such as canned fish, frozen fish, smoked fish, and seafood products like shrimps, lobsters, and crabs. The eCommerce platform enables customers to conveniently purchase these products from the comfort of their homes and have them delivered to their doorstep. The market offers a wide range of options for customers to choose from, making it easier for them to access and buy processed fish and seafood products online.Structure:
The market consists out of several parts, namely: Canned, Dried & Smoked Fish, Fish Fingers & Portions. For more information on the definitions, please visit the respective market page.Additional information:
eCommerce Processed Fish & Seafood comprises revenues, buyers, average revenue per buyer (ARPB), and penetration rates. Revenues are derived from annual filings, national statistical offices, Google- and Alibaba-Trends and industry knowledge. Sales Channels show online and offline revenue shares, as well as, desktop and mobile sales distribution. Revenues are including VAT. The market only displays B2C revenues and buyers for the above-mentioned markets, hence C2C, B2B, and reCommerce is not included. Additional definitions can be found on each respective market page.Key players in the market are companies such as Trident Seafoods Corporation, Maruha Nichiro Corporation, and Thai Union Group.
Market numbers for the total market sizes (online + offline) can also be found on the respective pages of the Consumer Market Insights.
- Processed fish and seafood, found in meal kit delivery services such as Blue Apron, offer online convenience
- Offline revenues, such as sales in traditional grocery stores and fish markets
Revenue
Analyst Opinion
The Processed Fish & Seafood eCommerce Market in GCC is witnessing impressive growth, fueled by increasing consumer demand for convenient meal solutions, heightened health consciousness, and the expanding availability of diverse online seafood products.
Customer preferences: Consumers in the GCC are increasingly gravitating towards processed fish and seafood products that align with their health and wellness aspirations. This trend is propelled by a growing awareness of the nutritional benefits of omega-3 fatty acids and lean protein, leading to greater interest in sustainably sourced options. Additionally, busy lifestyles are fostering a demand for ready-to-cook and pre-packaged seafood items that cater to families seeking quick yet nutritious meal solutions, reflecting a shift in culinary habits and preferences influenced by modern convenience.
Trends in the market: In the GCC, the processed fish and seafood eCommerce market is experiencing a notable shift towards online shopping, driven by increasing consumer demand for convenience and quality. More consumers are turning to eCommerce platforms to purchase ready-to-cook and pre-packaged seafood, reflecting their busy lifestyles and the need for quick meal solutions. This trend is significant as it highlights a greater emphasis on health-conscious eating, with consumers seeking sustainably sourced options rich in omega-3s and lean proteins. Industry stakeholders must adapt to these evolving preferences by enhancing online offerings, ensuring sustainable sourcing, and improving supply chain efficiencies to remain competitive in this dynamic market.
Local special circumstances: In Saudi Arabia, the processed fish and seafood eCommerce market is bolstered by a young, tech-savvy population eager to embrace online shopping. Qatar's affluent consumers prioritize premium quality and sustainability, driving demand for eco-friendly seafood options. In Kuwait, the cultural significance of seafood in local cuisine influences preferences for traditional products, while Oman’s rich fishing heritage fosters a market for artisanal, locally-sourced seafood. Regulatory support for food safety standards across these nations further enhances consumer trust in online seafood purchases.
Underlying macroeconomic factors: The processed fish and seafood eCommerce market in the GCC region is significantly impacted by macroeconomic factors such as economic diversification, disposable income levels, and changing consumer preferences. The rise in disposable income across GCC countries fuels demand for premium seafood products, while a growing awareness of health and sustainability drives consumers towards eco-friendly options. Additionally, government initiatives promoting food safety and quality assurance enhance consumer confidence in online seafood purchases. Global trade dynamics and fluctuating prices in the seafood sector also influence market performance, as countries aim to balance local sourcing with international supply chains.
Sales Channels
Buyers
Global Comparison
Methodology
Data coverage:
Data refers to B2C enterprises. Figures are based on the sale of physical goods via a digital channel to a private end consumer. This definition encompasses purchases via desktop computers (including notebooks and laptops) as well as purchases via mobile devices (e.g., smartphones and tablets). The following are not included in the eCommerce market: digitally distributed services (see instead: eServices), digital media downloads or streams, digitally distributed goods in B2B markets, and the digital purchase or resale of used, defective, or repaired goods (reCommerce and C2C). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.Modeling approach / Market size:
Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Statista Global Consumer Survey), data on shopping behavior (e.g., Google Trends, Alibaba Trends), and performance factors (e.g., user penetration, price/product). Furthermore, we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, internet penetration, and population. 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 particular market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, internet penetration, and population.Additional Notes:
The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The impact of the Russia/Ukraine war is considered at a country-specific level.Get in touch with us for additional information
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