Fish & Seafood - Niger

Niger

Highlights

Revenue in the Fish & Seafood market amounts to US$485.00m in 2024. The market is expected to grow annually by 6.83% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$97bn in 2024).
In relation to total population figures, per person revenues of US$17.18 are generated in 2024.
In the Fish & Seafood market, volume is expected to amount to 44.30m kg by 2029. The Fish & Seafood market is expected to show a volume growth of 7.2% in 2025.0.
The average volume per person in the Fish & Seafood market is expected to amount to 1.2kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Fish & Seafood Market in Niger is experiencing minimal growth, influenced by factors such as limited access to technology and low health awareness among consumers. The sub-markets of Fresh Fish, Fresh Seafood, and Processed Fish & Seafood face challenges in terms of infrastructure and supply chain, impacting the overall market growth rate. Government policies and economic conditions also play a role in the slow growth of this market.

Customer preferences: Consumers in Niger have shown a growing interest in locally sourced, sustainable fish and seafood products, reflecting a shift towards more environmentally conscious consumption patterns. This trend is further driven by an increasing awareness of the health benefits of consuming seafood, as well as a desire for fresher, less processed options. Additionally, the younger generation is increasingly opting for convenient, ready-to-eat seafood options, indicating a shift towards more on-the-go and time-saving meal choices.

Trends in the market: In Niger, the Fish & Seafood Market is seeing a rise in demand for sustainable and ethically sourced seafood, with consumers becoming more conscious of the environmental impact of their food choices. This trend is expected to continue as the country's fishing industry faces challenges such as overfishing and illegal fishing practices. These trends have significant implications for industry stakeholders, who must adapt their practices to meet consumer demands and address sustainability concerns. As the market continues to evolve, there is potential for increased competition and the need for innovative solutions to ensure the sustainability of the industry.

Local special circumstances: In Niger, the Fish & Seafood Market is heavily influenced by the country's geography and cultural preferences. Being a landlocked nation, Niger relies on imports for seafood, making it a relatively niche market. However, the local demand for fish and seafood is high due to the traditional cuisine and dietary habits of the population. Additionally, regulatory restrictions on fishing and trade also play a significant role in shaping the market dynamics. These factors create a unique dynamic in the Fish & Seafood Market in Niger, setting it apart from other markets in the Food industry.

Underlying macroeconomic factors: 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. Countries with stable economies and favorable fiscal policies are experiencing higher demand for fish and seafood products due to increasing disposable incomes and changing dietary habits. Furthermore, the rise in global population and rapid urbanization are driving the demand for convenient and healthy food options, leading to the growth of the Fish & Seafood Market in Niger. Additionally, investments in infrastructure and technological advancements in the fishing industry are also contributing to the market's expansion.

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.