Key regions: Russia, South Korea, Canada, United States, Philippines
The Fresh Fish Market in Sudan has shown minimal growth due to various factors such as limited resources, lack of infrastructure, and government policies. Despite this, there is an increasing demand for fresh seafood among consumers and the convenience of online seafood markets is driving the market's growth.
Customer preferences: Consumers in Sudan are showing a growing demand for fresh, locally-sourced fish as they become more health-conscious and environmentally aware. This trend is driven by cultural influences, such as the traditional preference for fresh seafood in Sudanese cuisine, as well as the increasing awareness of the health benefits of a diet high in fresh fish. Additionally, as the younger generation becomes more health-conscious, there is a growing trend towards sustainable and ethical food choices, leading to a rise in demand for locally caught fish over imported options. This shift towards fresher, locally-sourced fish is also influenced by demographic shifts, such as the increasing urbanization and rising disposable income of Sudanese consumers. As consumers become more health-conscious and environmentally aware, we can expect to see a continued growth in demand for fresh fish in Sudan's seafood market.
Trends in the market: In Sudan, the Fresh Fish Market of the Fish & Seafood Market within The Food market is experiencing a rise in demand for sustainably sourced fish as consumers become more environmentally conscious. Additionally, there is a growing trend of online fish delivery services, allowing customers to conveniently purchase fresh fish from the comfort of their homes. These trends are significant as they reflect a shift towards more ethical and convenient consumption habits. Industry stakeholders should take note of these trends and adapt their practices accordingly to meet the changing demands of consumers.
Local special circumstances: In Sudan, the Fresh Fish Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's geographic location and cultural preferences. Being a country with a long coastline, Sudan has a strong fishing industry and a diverse range of fish species available in its markets. Additionally, seafood is an essential part of Sudanese cuisine, with many dishes featuring fish as the main ingredient. This cultural demand for fresh fish has also led to the growth of local fish markets, which are often bustling with activity. Furthermore, the government's regulations on fishing and import/export of seafood play a significant role in the dynamics of the market, ensuring the availability of high-quality and sustainable seafood options for consumers.
Underlying macroeconomic factors: The Fresh Fish Market of the Fish & Seafood Market within The Food market in Sudan is greatly influenced by macroeconomic factors such as economic stability, government policies, and international trade agreements. Sudan has been facing economic challenges due to political instability, which has affected the overall growth of the country's economy. However, the government has implemented policies to promote trade and investment, which has positively impacted the Fish & Seafood Market. Additionally, Sudan's strategic location and access to international markets through the Red Sea have facilitated the growth of the Fresh Fish Market, opening up opportunities for export and import of seafood products. Furthermore, the increasing demand for healthy and sustainable food options has also led to the growth of the Fish & Seafood Market in Sudan, as consumers are looking for fresh and locally sourced seafood products.
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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