The European seafood market reached 21.4 billion dollars last year, with a growth rate of 3.7% between 2013 and 2018. Even if the trend is a slow down of the advance, the industry will exceed the 25 billion dollars threshold by 2024, according to the IMARC Group data.
The industry evolution is driven by a number of factors such as the healthy trend, premiumization and portfolio diversification of the main players in the category. At retail channels level, the most important sales are reported in discounters, supermarkets and hypermarkets.
Regarding the most important outlets for these products, the ranking is headed by Spain, followed by Germany, Great Britain, Italy and France, the report said.