The fish and seafood market in Portugal

The fish distribution market covers the consumption and sale of seafood products. The market is dominated by a few large wholesalers, who supply several thousand retailers.

The global seafood market is projected to grow at a CAGR of around 2.5% from 2020 to 2027, eventually reaching a market value of USD 194 billion. This growth is driven by factors such as the rising world population, increased disposable income, and changing consumer preferences. Despite these growth indicators, challenges like the depletion of marine species and overexploitation have led to a decline in ecologically sustainable fish stocks from 90% in 1974 to 66% in 2017. Per capita fish consumption has risen steadily from 6 kg in 1950 to 20 kg in 2018. The European seafood market saw its trade value surge by 74% since 2009, reaching €59.53 billion in 2018. Spain stands out as a particularly dynamic market within Europe, with significant local consumption and leading in per capita fish consumption after Portugal. The country relies heavily on imports, making it a net importer with a seafood market import value of around $912 million in 2019. However, the Covid-19 pandemic has impacted

The French seafood market is estimated at over 6 billion euros. The global seafood market is worth over $160 billion. The percentage of the world's fish stocks fished at unsustainable levels has risen from 10% to 34%, imposing environmental constraints on market growth. In France, in particular, fish consumption fell from an average of 36 kg per capita to 32 kg in 2004. Despite a well-developed distribution infrastructure, the majority of fresh seafood sales are made in supermarkets and hypermarkets. The French market remains highly dependent on imports, resulting in a trade deficit of over 4.8 billion euros. The main species imported are salmon, shrimp, cod and tuna, mainly from the UK and Norway. The French market is worth around 3.2 million tonnes Almost all French people eat seafood. Fresh seafood remains the choice of older people, while younger consumers prefer frozen and canned products. Some players in the French seafood market Grand Frais Alphaprim Mericq Groupe PassionFroid a