Processed Fish & Seafood - Haiti | Statista Market Forecast

Revenue in the Processed Fish & Seafood market amounts to US$86.89m in 2024. The market is expected to grow annually by 9.29% (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$7.32 are generated in 2024.
In the Processed Fish & Seafood market, volume is expected to amount to 4.00m kg by 2029. The Processed Fish & Seafood market is expected to show a volume growth of 0.7% in 2025.0.
The average volume per person in the Processed Fish & Seafood market is expected to amount to 0.3kg 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 Haiti is experiencing subdued growth, influenced by various factors including limited access to technology, low health awareness, and logistical challenges in the distribution of online services. Despite these challenges, the market is slowly growing due to increasing demand for convenience and the availability of locally sourced seafood.

Customer preferences: Consumers in Haiti are increasingly turning to processed fish and seafood as a convenient and affordable source of protein, especially with the rising cost of fresh seafood. This trend is also influenced by the cultural preference for well-seasoned and preserved fish and seafood, which can be easily incorporated into traditional dishes. Additionally, the growing urbanization and busy lifestyles of Haitians have led to a higher demand for ready-to-eat and ready-to-cook processed fish and seafood products.

Trends in the market: In Haiti, the Processed Fish & Seafood Market is seeing a shift towards sustainable and ethically sourced products, driven by consumer demand for transparency and environmental responsibility. This trend is expected to continue, with companies investing in sustainable fishing practices and certifications. Additionally, there is a growing interest in value-added seafood products, such as pre-marinated and ready-to-eat options, to cater to busy lifestyles. These trends have significant implications for industry stakeholders, as they must adapt to changing consumer preferences and adopt sustainable practices to remain competitive in the market.

Local special circumstances: In Haiti, the Processed Fish & Seafood Market is heavily influenced by the country's geographical location and cultural practices. Being a small island nation, Haiti heavily relies on the fish and seafood industry for its food supply and economic growth. However, due to frequent natural disasters and political instability, the market faces significant challenges. Additionally, the country's traditional fishing techniques and preferences for certain types of seafood play a crucial role in shaping the market. These unique factors contribute to the market's dynamics and set it apart from other markets in the Fish & Seafood Market within The Food market industry.

Underlying macroeconomic factors: The Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market is heavily impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. The demand for processed fish & seafood products is heavily influenced by the purchasing power of consumers, which is driven by the overall economic health of a country. Additionally, government policies and regulations related to trade and export can have a major impact on the market, as well as currency exchange rates and inflation rates. Another important factor is the availability of raw materials and resources, which can be affected by environmental factors and government policies. Economic stability and growth are crucial for the success of the processed fish & seafood market, as it relies heavily on international trade and consumer demand.

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.