Key regions: Japan, United States, Philippines, Russia, China
The Processed Fish & Seafood Market in Niger is experiencing tempered growth, influenced by factors such as limited access to technology, low consumer awareness of health benefits, and challenges with online services. Despite this, the market continues to expand due to the popularity of canned, dried, and smoked fish, as well as fish fingers and portions, among the local population.
Customer preferences: The Processed Fish & Seafood Market in Niger is experiencing growth due to a shift towards healthier dietary choices among consumers. With an increasing awareness of the health benefits of seafood, there is a growing demand for processed fish and seafood products. Additionally, the rise in urbanization and busy lifestyles has led to a preference for convenient and easy-to-prepare food options, making processed fish and seafood an attractive choice for consumers. This trend is expected to continue, driven by evolving lifestyle factors and a shift towards healthier eating habits.
Trends in the market: In Niger, the Processed Fish & Seafood Market is experiencing a rise in demand for value-added products, such as smoked and canned fish, due to changing consumer preferences and increasing urbanization. This trend is expected to continue as the country's economy grows and disposable income increases. Additionally, there is a growing focus on sustainable and environmentally-friendly practices in the fishing industry, which is driving innovation and product diversification. These trends have significant implications for industry stakeholders, including the need for investment in modern processing technology and sustainable fishing practices to meet the evolving consumer demand and remain competitive in the global market.
Local special circumstances: In Niger, the Processed Fish & Seafood Market has experienced significant growth due to the country's landlocked location and reliance on imported seafood products. The lack of access to fresh seafood has led to a high demand for processed options, driving the market's expansion. Additionally, cultural preferences for certain types of processed fish, such as smoked or dried, have also influenced market dynamics. The government's initiatives to promote local fish processing industries have further boosted the market, creating jobs and improving the quality of processed fish products in the country.
Underlying macroeconomic factors: The Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market is also influenced by macroeconomic factors such as global demand for seafood, national economic health, fiscal policies, and trade agreements. Countries with strong economic growth, stable political climate, and favorable trade agreements experience higher demand for processed fish and seafood. Additionally, the increasing awareness about the health benefits of seafood consumption and the growing trend of convenience foods are driving the growth of the processed fish and seafood market. The market performance is also impacted by fluctuations in currency exchange rates, import/export regulations, and inflation rates.
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.
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