Trade Resources Industry Views Half of Brazilian Seafood Market are Higher Income Group Consumers

Half of Brazilian Seafood Market are Higher Income Group Consumers

Consumers in the higher income groups formed over 50%of the Brazilian fish&seafood market,with the better off section holding 28%and the affluent 23%,finds a report by Canadean--Food.

According to the report,Consumer Trends in the Fish&Seafood Market in Brazil,2011,the hard pressed income group has contributed 21%to the market during the year.

Consumption of fish and seafood has been almost uniform across all the age groups with people aged above 55,and kids&babies holding 18%each.

Changing age structures was the most influencing trend for the consumption of food,at 45%,followed by individualism at 33%.

The market was almost completely concentrated in the urban areas with 98%.Females held a share of 51.4%.

Consumers educated up to the undergraduate level formed 29%of the market while those with pre-primary education held only 4%share.

People with more than seven hours of leisure time held 31%share while those with five to seven hours of time had only 4%.

Among the various categories in the market,Raw Packaged Fish&Seafood-processed pieces,and Fresh Fish&Seafood(counter)held a share of 25%each,Raw Packaged Fish&Seafood-whole cuts 23%,Frozen Fish&Seafood 13%,Ambient Fish&Seafood 12%and Dried Fish&Seafood 2%.

 

Source: http://meatandseafood.food-business-review.com/news/higher-income-group-consumers-make-up-half-of-brazilian-seafood-market-report-111112
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Higher Income Group Consumers Make up Half of Brazilian Seafood Market: Report