The European seafood market shows Spain leading with a significant volume share, followed by Denmark and Italy. While Spain's market exhibited growth in 2023, Denmark and Italy saw slight declines. France maintained steady growth, whereas the UK and Germany experienced notable decreases, particularly Germany. Meanwhile, less prominent markets such as Lithuania and Greece showed some positive movement, contrasting with declines in Portugal and Croatia. Over the past five years, Germany and Portugal were among those with declining compound annual growth rates (CAGR), despite Spain’s overall increase.
Future trends to monitor include:
- The impact of environmental regulations on seafood sourcing in major countries.
- Maturing markets in countries like Italy and Denmark and how they adapt to new consumer preferences.
- Emerging markets in Eastern Europe might offer fresh growth opportunities.
- Technological advancements in sustainable fishing practices.
Top countries in Seafood Market Size Volume Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 21.12 | 2023 | -1.62% | +1.65% | View data |
| 2 | 2 Denmark | 14.14 | 2023 | -0.31% | -0.19% | View data |
| 3 | 3 Italy | 13.4 | 2023 | +0.46% | -1.71% | View data |
| 4 | 4 France | 12.22 | 2023 | -1.93% | +0.22% | View data |
| 5 | 5 United Kingdom | 10.88 | 2023 | -1.1% | -0.87% | View data |
| 6 | 6 Germany | 10.44 | 2023 | -4.65% | -4.42% | View data |
| 7 | 7 Portugal | 6.94 | 2023 | -1.25% | -2.53% | View data |
| 8 | 8 Lithuania | 2.99 | 2023 | +1.15% | +1.31% | View data |
| 9 | 9 Greece | 2.84 | 2023 | -2.42% | +0.95% | View data |
| 10 | 10 Belgium | 2.06 | 2023 | -0.8% | -0.46% | View data |
