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Fish & Seafood - Algeria

Algeria
  • Revenue in the Fish & Seafood market amounts to US$1.28bn in 2024. The market is expected to grow annually by 9.50% (CAGR 2024-2029).
  • In global comparison, most revenue is generated China (US$97bn in 2024).
  • In relation to total population figures, per person revenues of US$27.75 are generated in 2024.
  • In the Fish & Seafood market, volume is expected to amount to 80.95m kg by 2029. The Fish & Seafood market is expected to show a volume growth of 1.9% in 2025.0.
  • The average volume per person in the Fish & Seafood market is expected to amount to 1.6kg in 2024.

Definition:

The Fish & Seafood market covers products made from edible fish and crustaceans, mollusks, and other seafood. These products have been farmed or harvested from freshwater or the ocean and are bought and consumed for nutrient-based purposes.

Structure:

The market consists of 3 different submarkets:

  • The Fresh Fish market covers all types of edible fish that are fresh, chilled, or frozen, and have been farmed or harvested from freshwater or the ocean.
  • The Fresh Seafood market covers all types of crustaceans and mollusks that are fresh, chilled, or frozen and have been farmed or harvested.
  • The Processed Fish & Seafood market covers all types of fish and seafood that have been dried, salted, brined, canned, or smoked.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

For more information on the displayed data, click the info button on the right side of each box.

In-Scope

  • Fresh and frozen fish((whole or part of, such as cuts, fillets)
  • Fresh and frozen seafood
  • Processed fish and seafood

Out-Of-Scope

  • Fish-based ready-to-eat meals
  • Seaweed and other aquatic plants
  • Caviar and prepared and preserved shark fins
  • Out-of-home consumption
Fish & Seafood: market data & analysis - Cover

Market Insights report

Fish & Seafood: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Price

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Fish & Seafood market in Algeria is facing subdued growth, influenced by factors such as limited infrastructure and low consumer awareness. Despite this, the market is expected to experience growth due to increasing demand for healthy and convenient food options, as well as the growing popularity of online shopping for seafood products. The Fresh Fish, Fresh Seafood, and Processed Fish & Seafood sub-markets are all contributing to the overall growth of the market, as consumers seek out a variety of options. However, challenges such as limited access to technology and infrastructure may continue to impact the growth rate in the near future.

    Customer preferences:
    As Algerian consumers become more health-conscious and environmentally aware, there is a growing demand for sustainably sourced and organic fish and seafood products. Additionally, with the rise in popularity of online shopping and delivery services, there has been a shift towards purchasing fish and seafood products through e-commerce platforms. Furthermore, the trend of incorporating seafood into traditional Algerian cuisine has led to an increase in the consumption of fish and seafood in the country. This has also been driven by the growing middle class and their desire for a more diverse and healthy diet.

    Trends in the market:
    In Algeria, the Fish & Seafood market is experiencing a surge in demand for sustainable and traceable seafood products. This trend is driven by consumer awareness and demand for ethically-sourced products. As a result, seafood suppliers are increasingly adopting sustainable practices and obtaining certifications to cater to this demand. This trajectory is significant as it not only meets consumer expectations but also contributes to the overall sustainability goals of the industry. However, this trend also presents challenges for smaller suppliers who may struggle to meet certification requirements and compete with larger players. Industry stakeholders need to adapt to these shifts and invest in sustainable practices to stay competitive in the market.

    Local special circumstances:
    In Algeria, the Fish & Seafood Market is heavily influenced by the country's rich coastal resources and traditional fishing practices. This has led to a market dominated by small-scale, family-run businesses, with limited government regulation. However, recent efforts to modernize the sector and increase exports have been hindered by political and economic instability. This unique combination of factors has resulted in a highly volatile market, with prices and supply fluctuating significantly. Additionally, cultural preferences and religious beliefs play a significant role in shaping the types of seafood consumed in Algeria, with a strong preference for sustainably sourced and halal-certified products.

    Underlying macroeconomic factors:
    The Fish & Seafood Market in Algeria is heavily influenced by macroeconomic factors, such as the country's economic growth, fiscal policies, and global economic trends. Algeria's economy has been steadily growing over the years, with a focus on diversification and modernization. This has led to an increase in disposable income and a rise in demand for higher quality food products, including fish and seafood. Additionally, the government has implemented policies to support and promote the development of the fishing industry, leading to increased investments in infrastructure and technology. These factors, along with a growing population and changing consumer preferences, have contributed to the growth of the Fish & Seafood Market in Algeria.

    Methodology

    Data coverage:

    The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

    Modeling approach:

    Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

    Additional notes:

    The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

    Consumer

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    Fish & Seafood: market data & analysis - BackgroundFish & Seafood: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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