Fish & Seafood - Chad

Chad

Highlights

Revenue in the Fish & Seafood market amounts to US$537.40m in 2024. The market is expected to grow annually by 7.77% (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$28.51 are generated in 2024.
In the Fish & Seafood market, volume is expected to amount to 43.88m kg by 2029. The Fish & Seafood market is expected to show a volume growth of 5.6% in 2025.0.
The average volume per person in the Fish & Seafood market is expected to amount to 1.9kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Fish & Seafood market in Chad is experiencing minimal growth, influenced by factors such as limited consumer awareness, lack of digital infrastructure, and low disposable income. However, the Fresh Fish and Fresh Seafood sub-markets show potential for growth due to increasing health consciousness and the convenience of online purchasing. The Processed Fish & Seafood sub-market, on the other hand, may face challenges in distribution and preservation. Overall, the slow growth can be attributed to the underdeveloped nature of the market and the limited resources available in the country.

Customer preferences: As consumer awareness of sustainable seafood practices grows, there has been a noticeable increase in demand for ethically sourced fish and seafood products. This trend is particularly prevalent among younger generations, who are more conscious of the environmental impact of their food choices. As a result, retailers are now offering more transparency in their sourcing and promoting sustainably caught or farmed options. This has also led to a rise in popularity of plant-based seafood alternatives, catering to the growing number of consumers adopting plant-based diets.

Trends in the market: The Fish & Seafood Market within The Food market is experiencing a surge in demand for sustainably sourced products. This trend is driven by consumer awareness and concern for the environment, as well as government regulations promoting sustainable fishing practices. This trajectory is expected to continue as consumers become more conscious of their seafood choices. This trend has significant implications for industry stakeholders, as they must adapt their sourcing and production methods to meet the demands of environmentally-conscious consumers. Additionally, companies that can effectively market their sustainable practices may gain a competitive advantage in the market.

Local special circumstances: In Chad, the Fish & Seafood Market faces unique challenges due to its landlocked location and lack of access to the ocean. This has led to a heavy reliance on imports and limited options for local fishermen. Additionally, cultural preferences for certain types of fish and seafood, as well as government regulations on fishing and trade, heavily influence the market dynamics. Despite these challenges, the market continues to grow due to increasing demand from the growing middle class and the introduction of new technologies and distribution channels.

Underlying macroeconomic factors: The Fish & Seafood Market within The Food market in Chad is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The market is particularly sensitive to changes in global seafood prices and demand, as well as fluctuations in Chad's GDP and government spending on agriculture and fisheries. Additionally, regulatory frameworks and investments in infrastructure play a significant role in shaping the market, with countries that have favorable policies and strong investments experiencing faster growth compared to those with regulatory challenges and limited funding. Furthermore, the market is also affected by demographic factors such as the increasing prevalence of chronic diseases and the aging population, driving the demand for healthy and sustainable seafood options.

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.