Fresh Seafood - Gabon

Gabon

Highlights

Revenue in the Fresh Seafood market amounts to US$50.48m in 2024. The market is expected to grow annually by 6.92% (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$20.32 are generated in 2024.
In the Fresh Seafood market, volume is expected to amount to 1.60m kg by 2029. The Fresh Seafood market is expected to show a volume growth of 5.4% 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 Gabon has seen minimal growth, influenced by factors like limited consumer awareness and low adoption of digital technologies. However, the convenience of online services and growing health consciousness may drive future growth.

Customer preferences: The Fresh Seafood Market of the Fish & Seafood Market within The Food market is experiencing a rise in demand for sustainably sourced seafood products. As consumers become more environmentally conscious, they are seeking out products that align with their values. Additionally, there has been a shift towards locally sourced seafood, driven by a desire for fresher and more authentic products. This trend is also influenced by the growing interest in supporting local economies and communities.

Trends in the market: In Gabon, the Fresh Seafood market is seeing an increase in demand for sustainably-sourced seafood, as consumers become more aware of the environmental impact of overfishing. This trend is expected to continue as consumers prioritize ethically-sourced products. This presents an opportunity for industry stakeholders to differentiate themselves by promoting sustainable practices and certifications. Additionally, there is a growing demand for convenience and ready-to-eat seafood products, as busy lifestyles drive the need for quick and easy meal options. This trend is likely to continue, with potential implications for packaging and distribution methods in the industry.

Local special circumstances: In Gabon, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's rich fishing industry and its unique coastal geography. The abundance of fresh seafood, including fish, shrimp, and shellfish, has led to a thriving market for locally sourced, sustainably caught seafood. Additionally, Gabon's strong cultural ties to seafood, dating back centuries, have contributed to the popularity of seafood in the local diet and continue to drive demand for fresh seafood in the market. Furthermore, the government's regulations on sustainable fishing practices have played a significant role in shaping the market dynamics, promoting responsible and ethical fishing practices among local fishermen.

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 other relevant financial indicators. Countries with strong economic growth and stable fiscal policies are likely to experience higher market growth due to increased consumer spending and demand for premium seafood products. On the other hand, countries with weak economic conditions may see a decline in market performance due to reduced consumer purchasing power. Moreover, government policies and regulations regarding seafood production, import and export, and food safety standards also play a crucial role in shaping the market landscape.

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.