Key regions: Russia, South Korea, Canada, United States, Philippines
The Fresh Fish Market in Ivory Coast has seen minimal growth, influenced by factors such as limited access to technology, low consumer health awareness, and traditional buying habits. Despite this, online fish sales are increasing due to convenience.
Customer preferences: As the demand for sustainable and locally-sourced food continues to rise, consumers in the Fresh Fish Market of the Fish & Seafood Market within The Food market are increasingly prioritizing ethical and eco-friendly practices. This trend is driven by cultural values and a growing concern for the environment. As a result, there is a growing preference for wild-caught fish over farmed fish, and an increase in demand for certifications such as MSC and ASC. Additionally, there is a growing interest in traceability and transparency in the seafood supply chain, as consumers become more conscious of the impact their food choices have on the environment.
Trends in the market: In Ivory Coast, the Fresh Fish Market within the Fish & Seafood Market is experiencing a surge in demand for locally sourced, sustainable seafood. This trend is being driven by consumer preferences for fresher, healthier options and a desire to support local fishermen and the economy. As a result, industry stakeholders are investing in technology and infrastructure to improve supply chain efficiency and meet this growing demand. This includes initiatives such as online marketplaces for direct-to-consumer sales and cold chain logistics to preserve the quality of the catch. These developments not only benefit consumers and fishermen, but also have potential implications for the overall sustainability and growth of the industry in Ivory Coast.
Local special circumstances: In Ivory Coast, the Fresh Fish Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's tropical climate and coastal location. This has led to a strong demand for fresh seafood, with a preference for local catches over imports. Additionally, government regulations and cultural traditions surrounding fishing and seafood consumption play a significant role in shaping the market. These factors contribute to a unique market dynamic that sets it apart from other markets.
Underlying macroeconomic factors: The Fresh Fish Market of the Fish & Seafood Market within The Food market in Ivory Coast is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The overall economic stability of the country, as well as its trade policies and regulations, can impact the availability and prices of fresh fish in the market. In addition, the demand for fresh fish is also affected by the purchasing power of consumers, which is largely determined by the country's economic growth and income levels. Moreover, any changes in government policies related to the fishing industry, such as regulations on fishing practices, can have a significant impact on the supply and demand of fresh fish.
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.
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