Fresh Seafood - Haiti

Haiti

Highlights

Revenue in the Fresh Seafood market amounts to US$45.88m in 2024. The market is expected to grow annually by 8.03% (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$3.87 are generated in 2024.
In the Fresh Seafood market, volume is expected to amount to 967.70k kg by 2029. The Fresh Seafood market is expected to show a volume growth of 1.5% in 2025.0.
The average volume per person in the Fresh Seafood market is expected to amount to 0.1kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Fresh Seafood Market in Haiti is experiencing minimal growth, influenced by factors such as limited access to technology, low health awareness, and challenges in online seafood distribution. Despite these constraints, the market shows potential for growth in the future.

Customer preferences: Consumers in the Fresh Seafood Market of the Fish & Seafood Market within The Food market are increasingly prioritizing sustainable and ethically-sourced seafood options. This trend is driven by growing awareness of the impact of overfishing on marine ecosystems and the desire to support responsible and environmentally-friendly fishing practices. Additionally, with the rise of health-conscious and environmentally-conscious consumers, there is a growing demand for organic and non-GMO seafood products. This shift towards sustainable and ethical consumption reflects a larger trend towards conscious consumerism and a desire for transparency in the food industry.

Trends in the market: In Haiti, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is experiencing an increase in demand for locally sourced and sustainable seafood. This trend is driven by consumer preferences for healthier and more environmentally friendly options. In addition, there is a growing trend of small-scale fishermen using digital platforms to sell their catch directly to consumers, bypassing traditional middlemen. This trend has the potential to disrupt the traditional supply chain and provide economic opportunities for local fishermen. However, it also raises concerns about food safety and traceability. As a result, industry stakeholders must keep up with these trends and adapt their business models to meet changing consumer demands while also addressing potential challenges.

Local special circumstances: In Haiti, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's coastal geography and rich marine resources. This has led to a strong seafood culture and a thriving market for fresh catches. However, the market faces challenges due to limited infrastructure and regulatory issues, resulting in limited access to international markets. Additionally, cultural preferences and traditional fishing practices play a significant role in shaping the market dynamics, with a strong emphasis on small-scale, community-based fishing.

Underlying macroeconomic factors: The Fresh Seafood Market of the Fish & Seafood Market within The Food market is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. For instance, countries with strong economic growth and stable economic conditions are experiencing higher demand for fresh seafood products due to increased consumer spending power. Additionally, favorable government policies and investments in seafood infrastructure are also driving market growth. On the other hand, countries with economic instability and weak fiscal policies may experience slower market growth due to reduced consumer confidence and limited investments in the seafood industry. Furthermore, the increasing focus on sustainable and eco-friendly seafood production is also impacting market performance, as consumers are becoming more conscious of the environmental impact of their food choices.

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.