Fresh Seafood - Central Africa

Central Africa

Highlights

Revenue in the Fresh Seafood market amounts to US$814.90m in 2024. The market is expected to grow annually by 11.09% (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$8.44 are generated in 2024.
In the Fresh Seafood market, volume is expected to amount to 64.98m kg by 2029. The Fresh Seafood market is expected to show a volume growth of 11.7% in 2025.0.
The average volume per person in the Fresh Seafood market is expected to amount to 0.5kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Fresh Seafood Market in Central Africa is experiencing mild growth, influenced by factors such as increasing demand for fresh seafood products, growing consumer awareness about the benefits of seafood, and the convenience of purchasing seafood online. This market is expected to continue growing at a steady pace due to the region's abundant seafood resources and the rising trend of healthy eating.

Customer preferences: Consumers in Central Africa are increasingly prioritizing sustainable and ethical practices when it comes to purchasing fresh seafood, leading to a rise in demand for locally sourced and responsibly caught seafood. This trend is driven by a growing awareness of the impact of overfishing on the environment and the desire to support small-scale fishermen and local communities. Additionally, there is a shift towards healthier eating habits, with consumers seeking out seafood options that are low in mercury and other harmful contaminants.

Trends in the market: In Central Africa, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is seeing a rise in demand for sustainably sourced seafood products. This trend is driven by increasing consumer awareness and concern for the environment, as well as government regulations promoting sustainable fishing practices. As a result, industry stakeholders are investing in sustainable sourcing and labeling initiatives to meet consumer demands. This trend is expected to continue in the future, with potential implications for the industry including potential cost increases and changes in consumer preferences towards sustainable seafood products.

Local special circumstances: In Central Africa, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is heavily influenced by the region's abundant coastline and access to the Atlantic Ocean. This geographical advantage allows for a diverse range of seafood offerings, including fish, shrimp, and shellfish. Additionally, cultural traditions and preferences play a significant role in shaping the market, with many local dishes and recipes centered around fresh seafood. In terms of regulations, there are strict guidelines in place to ensure the sustainability and safety of seafood products, creating a unique market dynamic that prioritizes both environmental and consumer concerns.

Underlying macroeconomic factors: The Fresh Seafood Market of the Fish & Seafood Market within The Food market is impacted by macroeconomic factors in Central Africa. The region's economic growth, stability, and policies directly influence the performance of the market. In countries with strong economic growth and stable political environment, there is a higher demand for fresh seafood, leading to market growth. However, countries with economic challenges and political instability may experience a decrease in demand for fresh seafood. Fiscal policies such as tariffs and trade agreements also play a significant role in shaping the market, as they can impact the cost and availability of fresh seafood. Additionally, factors such as population growth, income levels, and consumer preferences also influence the market's performance in Central Africa.

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.