Contact
![Contact Meredith Alda](https://cdn.statcdn.com/contactPerson/3646.jpg)
Mon - Fri, 9am - 6pm (EST)
![Contact Yolanda Mega](https://cdn.statcdn.com/contactPerson/3195.jpg)
Mon - Fri, 9am - 5pm (SGT)
![Contact Ayana Mizuno](https://cdn.statcdn.com/contactPerson/2783.jpg)
Mon - Fri, 10:00am - 6:00pm (JST)
![Contact Lodovica Biagi](https://cdn.statcdn.com/contactPerson/863.jpg)
Mon - Fri, 9:30am - 5pm (GMT)
![Contact Carolina Dulin](https://cdn.statcdn.com/contactPerson/3012.jpg)
Mon - Fri, 9am - 6pm (EST)
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Jul 2024
Source: Statista Market Insights
Most recent update: Jul 2024
Source: Statista Market Insights
The Fresh Seafood eCommerce Market in Egypt is witnessing considerable growth, fueled by increasing consumer demand for quality seafood, enhanced online shopping experiences, and a rising trend toward healthier eating habits among the population.
Customer preferences: Consumers in Egypt are increasingly prioritizing sustainability and traceability in their seafood choices, leading to a surge in demand for responsibly sourced products. The growing awareness of health benefits associated with seafood is also influencing purchasing behaviors, especially among younger demographics who are more inclined to seek out nutritious options online. Additionally, the convenience of eCommerce platforms is reshaping traditional shopping habits, as busy lifestyles drive a preference for home delivery services that offer fresh, high-quality seafood.
Trends in the market: In Egypt, the Fresh Seafood eCommerce market is experiencing a notable shift towards sustainable sourcing, as consumers increasingly demand seafood products with verified traceability and environmentally friendly practices. This trend is particularly pronounced among younger consumers who prioritize health and nutrition, seeking out online platforms that offer fresh and responsibly sourced options. Additionally, the convenience of eCommerce is transforming traditional purchasing behaviors, with more individuals opting for home delivery services to fit their busy lifestyles. These trends signify a significant opportunity for industry stakeholders to innovate and align their offerings with consumer preferences, potentially enhancing brand loyalty and market share.
Local special circumstances: In Egypt, the Fresh Seafood eCommerce market is uniquely influenced by its extensive coastline and rich fishing heritage, which provide a diverse array of seafood products. Cultural preferences for local fish varieties and traditional seafood dishes drive consumer demand for freshness and quality. Additionally, regulatory frameworks aimed at sustainable fishing practices are gaining traction, encouraging businesses to adopt eco-friendly sourcing methods. This blend of geographical advantages and cultural appreciation significantly shapes market dynamics, making sustainable and fresh seafood a priority for consumers.
Underlying macroeconomic factors: The Fresh Seafood eCommerce market in Egypt is significantly shaped by macroeconomic factors such as national economic stability, consumer spending power, and global seafood demand trends. Economic growth in Egypt, alongside rising disposable incomes, enhances consumer willingness to invest in premium, fresh seafood products. Moreover, fluctuations in global fish prices due to supply chain disruptions or overfishing impact local market prices and availability. Fiscal policies promoting investment in sustainable fisheries also play a crucial role, encouraging eCommerce platforms to prioritize eco-friendly sourcing. Furthermore, changes in trade agreements can affect import/export dynamics, influencing market growth and competitiveness.
Most recent update: Aug 2024
Source: Statista Market Insights
Most recent update: Jul 2024
Source: Statista Market Insights
Data coverage:
Data refers to B2C enterprises. Figures are based on the sale of physical goods via a digital channel to a private end consumer. This definition encompasses purchases via desktop computers (including notebooks and laptops) as well as purchases via mobile devices (e.g., smartphones and tablets). The following are not included in the eCommerce market: digitally distributed services (see instead: eServices), digital media downloads or streams, digitally distributed goods in B2B markets, and the digital purchase or resale of used, defective, or repaired goods (reCommerce and C2C). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.Modeling approach / Market size:
Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Statista Consumer Insights Global Survey), data on shopping behavior (e.g., Google Trends, Alibaba Trends), and performance factors (e.g., user penetration, price/product). Furthermore, we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, internet penetration, and population. 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 particular market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, internet penetration, and population.Additional Notes:
The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The impact of the Russia/Ukraine war is considered at a country-specific level.The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models.
Source:
Explore new markets and gain valuable insights into various topics with our Market Insights search function.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)