Processed Fish & Seafood - Angola

Revenue in the Processed Fish & Seafood market amounts to US$550.50m in 2024. The market is expected to grow annually by 13.66% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$32bn in 2024).
In relation to total population figures, per person revenues of US$14.56 are generated in 2024.
In the Processed Fish & Seafood market, volume is expected to amount to 101.30m kg by 2029. The Processed Fish & Seafood market is expected to show a volume growth of 12.7% in 2025.0.
The average volume per person in the Processed Fish & Seafood market is expected to amount to 2.0kg in 2024.

Definition:

The Processed Fish & Seafood market covers all types of fish and seafood that have either been smoked, dried, canned, salted or given chemical preservatives.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

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Canned, dried and smoked fish
Processed seafood
Surimi-based products
Fish sticks, Fish nuggets

Fresh and frozen fish
Fresh and frozen seafood
Ready-to-eat meals
Caviar and prepared and preserved shark fins
Out-of-home consumption

The Processed Fish & Seafood Market in Angola is experiencing considerable growth, driven by increasing demand for digital technologies, growing health consciousness among consumers, and the convenience of online health services. Factors such as the availability of diverse sub-markets, such as Canned, Dried & Smoked Fish and Fish Fingers & Portions, are also contributing to the market's growth rate. This trend is likely to continue as the market continues to expand in the coming years.

Customer preferences: The processed fish and seafood market in Angola is experiencing a growing demand for sustainable and ethically sourced products. Consumers are becoming more conscious of the environmental impact of their food choices and are actively seeking out products that align with their values. This shift is driven by a combination of cultural influences and increasing awareness of sustainable fishing practices. As a result, there is a growing trend towards certifications and labels that guarantee the sustainability and traceability of fish and seafood products.

Trends in the market: In Angola, the Processed Fish & Seafood Market within the Fish & Seafood Market is experiencing a surge in demand for sustainable and traceable seafood products. Consumers are increasingly seeking out products with clear labeling and certifications, such as MSC or ASC, to ensure the ethical and environmentally responsible sourcing of their seafood. This trend is expected to continue, driven by increasing consumer awareness and government initiatives promoting sustainable fishing practices. As a result, industry stakeholders are investing in sustainable sourcing and traceability measures to meet consumer demands and maintain competitiveness in the market. Additionally, there is a growing trend towards value-added processed seafood products, such as ready-to-eat meals and frozen seafood, as consumers seek convenience and variety in their seafood choices. This trend is likely to continue, presenting opportunities for industry players to expand their product offerings and tap into new consumer segments.

Local special circumstances: In Angola, the Processed Fish & Seafood Market is heavily influenced by the country's geographic location and cultural preferences. The coastal nature of the country makes seafood a staple in the local diet, leading to a high demand for processed fish and seafood products. Additionally, the government's regulatory policies and initiatives aimed at promoting the local seafood industry have created a unique market landscape. This has led to a surge in domestic production and consumption, making Angola a major player in the global processed fish and seafood market.

Underlying macroeconomic factors: The processed fish and seafood market within The Food market in Angola is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The country's strong reliance on oil exports makes it vulnerable to fluctuations in global oil prices, which can impact consumer spending power and ultimately affect market demand. Moreover, government policies and regulations, including import and export restrictions, can significantly impact market growth. Additionally, the country's ongoing efforts to diversify its economy and reduce its dependence on oil are expected to positively impact market growth by creating new opportunities for investment and trade.

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.