Market Insights Consumer Food Fish & Seafood

Processed Fish & Seafood - Uganda

Uganda

Revenue in the Processed Fish & Seafood market amounts to €238.80m in 2024. The market is expected to grow annually by 8.28% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€29,750m in 2024).
In relation to total population figures, per person revenues of €4.78 are generated in 2024.
In the Processed Fish & Seafood market, volume is expected to amount to 47.44m kg by 2029. The Processed Fish & Seafood market is expected to show a volume growth of 5.0% in 2025.
The average volume per person in the Processed Fish & Seafood market is expected to amount to 0.8kg in 2024.

Key regions: Japan, United States, Philippines, Russia, China

Mercado

Región

Comparación de regiones

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Analyst Opinion

The Processed Fish & Seafood Market in Uganda has been seeing steady growth, influenced by factors such as increasing demand for convenient and healthy food options, as well as the availability of online purchasing platforms. However, the market's growth rate remains subdued, possibly due to challenges in supply chain management and processing infrastructure.

Customer preferences: One notable trend in the Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market in Uganda is the rising demand for sustainably sourced products. With growing awareness about the environmental impact of fishing practices, consumers are increasingly seeking out certified sustainable seafood options. This trend is also driven by the younger generation, who are more conscious about the social and environmental impact of their food choices. As a result, many companies are now focusing on promoting their sustainable fishing practices to attract these environmentally-conscious consumers.

Trends in the market: In Uganda, the Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market is experiencing a significant shift towards sustainable and ethical sourcing practices. This trend is being driven by growing consumer demand for transparency and ethical food production. As a result, industry stakeholders are increasingly investing in environmentally-friendly and socially responsible production methods. This trend is expected to continue, with potential implications for the industry including improved reputation, increased consumer trust, and long-term sustainability.

Local special circumstances: In Uganda, the Processed Fish & Seafood Market is heavily influenced by the country's geographical location and cultural practices. Being a landlocked country, Uganda relies heavily on imported seafood products, resulting in a high demand for processed fish and seafood. Additionally, the local cuisine heavily features fish and seafood, making it a staple in daily meals. The government's regulations on fishing and seafood processing also play a significant role in shaping the market. These factors create a unique market dynamic, with a strong focus on imported products and a strong emphasis on traditional cultural practices.

Underlying macroeconomic factors: The Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market is significantly impacted by macroeconomic factors such as international trade policies, global demand for seafood products, and national economic health. Countries with strong fishing industries and favorable trade agreements are experiencing higher market growth compared to regions with limited access to global markets. Additionally, fluctuations in currency exchange rates and government policies on fishing quotas and subsidies can greatly influence the supply and pricing of processed fish and seafood products. Moreover, consumer preferences for healthier and sustainable food options are driving the demand for processed fish and seafood in many countries, creating new opportunities for market growth.

Methodology

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.