PROSPECTS AND OPPORTUNITIES
Slow recovery of international markets provide greater opportunity for domestic seafood consumption
With global economies currently facing a variety of political and economic challenges, exports of seafood have been subdued. This has led to an excess in the supply of certain types of seafood which are typically exported and consumed as much domestically, such as tiger prawns.
Aldi expected to grow its seafood business as consumers look for the best value
Aldi has gained traction in the last two years of the review period amidst the high rates of inflation, as consumers seek out the best value for their money during their regular grocery trip. To ensure that consumers can be assured the seafood they are purchasing is of good quality and sustainable, Aldi has developed a strong policy to meet any concerns they might have.
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Overview:
Understand the latest market trends and future growth opportunities for the Fish and Seafood industry in Australia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Fish and Seafood industry in Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Fish and Seafood in Australia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Fish and Seafood in Australia?
- What is the impact of commodity price fluctuations on local production and consumption?
- What are the key campaigns or legislation driving Fish and Seafood sales?
- How are consumer attitudes towards fresh food evolving?
- How significant is health and wellness in shaping consumer demand?
- Where is future growth expected to be most dynamic?
Fish and Seafood in Australia - Category analysis
KEY DATA FINDINGS
Fish and seafood experiences persistent price inflation compared to fresh meat
Consumer concerns over sustainability and origin of imported fish
Slow recovery of international markets provide greater opportunity for domestic seafood consumption
Aldi expected to grow its seafood business as consumers look for the best value
Fresh Food in Australia - Industry Overview
Fresh food in 2024: The big picture
2024 key trends
Retailing developments
What next for fresh food?
DISCLAIMER
The following categories and subcategories are included:
Fish and Seafood
- Crustaceans
- Fish
- Molluscs and Cephalopods
Fish and Seafood
This is the aggregation of fish, crustaceans, molluscs and cephalopods. Includes: fresh raw (chilled and frozen) packaged and unpackaged unprocessed fish and seafood. Chilled and frozen fish and seafood can be cleaned, gutted, peeled/trimmed/filleted/cut to a different extent, but not cooked and no sauces, herbs or condiments can be added . Excludes: All packaged/processed fish and seafood products typically sold via the self-service counters in retail outlets.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Fish and Seafood research and analysis database.
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