Australia & New Zealand Dried Fruits MARKET By Application
| Label | USD Million |
|---|---|
| 2018 | 595.6766580534023 USD Million |
| 2019 | 604.2001161922577 USD Million |
| 2020 | 641.1697023872268 USD Million |
| 2021 | 681.6488568354539 USD Million |
| 2022 | 725.0957347126582 USD Million |
| 2023 | 757.0934353602685 USD Million |
| 2024 | 790.9733124968101 USD Million |
| 2025 | 827.4591341215615 USD Million |
| 2026 | 865.5955253310167 USD Million |
| 2027 | 905.4552137097944 USD Million |
| 2028 | 947.1140128339068 USD Million |
| 2029 | 990.6509457871712 USD Million |
| 2030 | 1036.1483731378771 USD Million |
| 2031 | 1083.6921255034283 USD Million |
| 2032 | 1133.3716408317591 USD Million |
Data Source: Wantstats Repository
Market Dynamics
Germany is a leading supplier of frozen seafood products and the consumption of such products is steadily increasing in the country. This is due to the growing demand for convenience and variety. As a result, Germany has seen a steady growth of the frozen seafood market over the past few years. In terms of product categories, Germany’s frozen seafood market contains a variety of fish, crustaceans, mollusks, and the occasional specialty products. Fish has been the largest category, accounting for over 70% of total demand in the market. Crustaceans follow in distant second, with mollusks trailing far behind. This is due to the increased popularity of fresh fish in the German market, as well as the fact that many mollusks are not common among German consumers. As far as distribution channels is concerned, German consumers are most likely to purchase frozen seafood from supermarkets, followed by specialized stores and the online channel. Germany’s supermarket industry is highly competitive, with discount stores such as Aldi and Lidl dominating the market. This has caused a decrease in overall prices in the segment, making it more accessible for a wider range of people.
When looking at the future of the German frozen seafood market, the growth prospects look promising as the overall consumption trends are positive. Increased awareness of the health benefits of consuming seafood as well as the convenience of frozen seafood products are key drivers of the German frozen seafood market’s expansion. The introduction of new product categories, such as organic and value-added products, is also likely to support the growth of the market in the future. In conclusion, Germany’s frozen seafood market is expected to remain strong in the coming years. The presence of large retailers and convenient online purchasing possibilities have created a very competitive environment that has driven prices down and resulted in increasing demand. New product categories, such as organic and value-added products, are also likely to further boost the market’s expansion in the foreseeable future.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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