Fresh Seafood - Cameroon

Cameroon

Highlights

Revenue in the Fresh Seafood market amounts to US$206.10m in 2024. The market is expected to grow annually by 8.11% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$12bn in 2024).
In relation to total population figures, per person revenues of US$7.01 are generated in 2024.
In the Fresh Seafood market, volume is expected to amount to 5.84m kg by 2029. The Fresh Seafood market is expected to show a volume growth of 6.3% in 2025.0.
The average volume per person in the Fresh Seafood market is expected to amount to 0.2kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Fresh Seafood Market in Cameroon is seeing minimal growth, as factors such as consumer health awareness and convenience of online services have not yet caught on in the region. However, with increasing adoption of digital technologies, the market is expected to experience significant growth in the near future.

Customer preferences: The Fresh Seafood Market of the Fish & Seafood Market within The Food market is experiencing a rise in demand for sustainable and ethically-sourced seafood. Consumers are becoming more conscious of the environmental impact of their food choices and are seeking out vendors who prioritize sustainable fishing practices. This trend is also influenced by a growing awareness of health benefits associated with consuming locally-sourced, fresh seafood. Additionally, there is a growing demand for convenience and ready-to-eat seafood options, driven by busy lifestyles and a desire for quick and easy meal solutions.

Trends in the market: In Cameroon, the Fresh Seafood Market in the Fish & Seafood Market within The Food market is experiencing a growing trend of sustainable and ethical sourcing practices. Consumers are increasingly demanding transparency and accountability in the seafood industry, leading to a rise in certifications and labels denoting responsible fishing methods. This trend is expected to continue, with industry stakeholders facing pressure to comply with these standards to maintain consumer trust and access global markets. Additionally, digital platforms for seafood traceability and tracking are gaining popularity, providing further transparency and driving consumer purchasing decisions.

Local special circumstances: In Cameroon, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is influenced by the country's abundant coastline and diverse aquatic resources. The local fishing industry is largely small-scale and artisanal, with traditional methods and practices being deeply ingrained in the culture. Additionally, strict regulations on fishing methods and quotas have been implemented to protect and sustain the country's marine resources. These factors contribute to the unique supply chain and market dynamics of the Fresh Seafood Market in Cameroon.

Underlying macroeconomic factors: The Fresh Seafood Market of the Fish & Seafood Market within The Food market is influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. Cameroon's economy has experienced steady growth in recent years, with a GDP growth rate of 3.8% in 2019. This economic stability has supported the growth of the seafood market, as consumers have more disposable income to spend on premium seafood products. Additionally, the country's favorable regulatory environment and investment in seafood production have contributed to the market's growth. However, challenges such as high import costs and inadequate infrastructure continue to limit the market's potential. As global demand for seafood continues to rise, Cameroon's seafood market is expected to benefit from its strategic location and access to international markets.

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.