Processed Fish & Seafood - Bolivia

Revenue in the Processed Fish & Seafood market amounts to US$233.80m in 2024. The market is expected to grow annually by 8.01% (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$18.60 are generated in 2024.
In the Processed Fish & Seafood market, volume is expected to amount to 24.34m kg by 2029. The Processed Fish & Seafood market is expected to show a volume growth of 6.3% in 2025.0.
The average volume per person in the Processed Fish & Seafood market is expected to amount to 1.6kg 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.

For more information on the displayed data, click the info button on the right side of each box.

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 Fish & Seafood Market in Bolivia has seen slow growth due to factors such as limited consumer awareness, high costs of digital technologies, and traditional preferences for freshly caught seafood. However, the sub-markets of Canned, Dried & Smoked Fish and Fish Fingers & Portions are expected to drive growth by offering convenience and longer shelf life. This market is expected to experience subdued growth in the coming years.

Customer preferences: Consumers in Bolivia are increasingly opting for processed fish and seafood as a convenient and affordable source of protein. This trend is driven by the growing demand for quick and easy meal options among busy urban dwellers. Additionally, the rise in health consciousness and the desire for a healthier diet has led to a shift towards leaner and more sustainably sourced processed fish and seafood products. This is further supported by the growing awareness of the environmental impact of overfishing and the need for sustainable fishing practices.

Trends in the market: In Bolivia, the Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market is experiencing a surge in demand for sustainable and ethically sourced products. This trend is being driven by consumer awareness and a growing interest in environmentally friendly food options. As a result, there has been an increase in certifications for sustainable fishing practices and the use of eco-friendly packaging. These developments are significant as they reflect a shift towards responsible and conscious consumption. Industry stakeholders must adapt to these changes by incorporating sustainable practices and promoting transparency in their supply chain. Failure to do so may lead to a loss of market share and credibility.

Local special circumstances: In Bolivia, the Processed Fish & Seafood Market is heavily influenced by the country's landlocked geography and its cultural preference for fish as a staple food. The lack of access to fresh seafood has led to a high demand for processed fish products. Additionally, the country's regulatory environment favors small-scale fish processing, creating a vibrant local market. This unique combination of factors has resulted in a thriving market for processed fish and seafood in Bolivia, with a focus on traditional and artisanal methods of production.

Underlying macroeconomic factors: The Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market is greatly impacted by macroeconomic factors in Bolivia. Economic stability, trade policies, and consumer purchasing power all play a significant role in the market's performance. Bolivia's economy has been steadily growing, with a focus on promoting foreign investment and diversifying the economy. However, the country still faces challenges in terms of income inequality and poverty, which can affect consumer spending on processed fish and seafood products. In addition, trade agreements and tariffs can impact the import and export of these products, as well as the overall competitiveness of the market. Furthermore, changing consumer preferences and the increasing demand for healthier food options are also influencing the market, as consumers seek out more sustainable and ethically sourced products.

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.