Market Forecast By Product Types (Fish, Crustaceans, Mollusks, Others), By Retail Market (Ambient, Frozen, Chilled), By Sales Channel (Retail, Foodservice, Institutional), and competitive landscape
Product Code: ETC002770 | Publication Date: Feb 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
South Africa Fish and Seafood Market is a growing industry along with several latest development. For instance, the development of aquaculture owing to the implemented measures by the government to promote aquaculture as a means of increasing the production of fish and seafood in the country. The fishing industry of South Africa has experienced a significant expansion of fishing fleets in recent years. This has resulted in an increased number of fish and seafood products available in the market.
The establishment of cold storage facilities has led to improved storage and preservation of fish and seafood products in South Africa which has enabled the country to export fresh and premium quality seafood to international markets. The government has invested in research and development initiatives to improve the quality and safety of fish and seafood products. This has resulted in the development of new processing techniques and improved product safety. The promotion of sustainable fishing practices such as reducing the number of fishing boats and enforcing fishing quotas. Overall, the static development of the South Africa fish and seafood industry is a positive trend and it is expected to grow in the coming years by increasing demand and efforts to improve fishing practices.
South Africa Fish and Sea food market report is a part of the Africa Fish and Sea food market report that thoroughly covers the market by product type, retail market, sales channels, and regions. The South Africa Fish and Seafood market outlook report provides an unbiased and detailed analysis of the ongoing South Africa Fish and Seafood market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
South Africa Fish and Seafood Market is expected to register rapid growth over the coming years owing to sustainable fishing which is a crucial economic and environmental topic. Moreover, a growing number of consumers, especially the most affluent, eat fish and seafood regularly. In line with the developing health and wellness trend, these individuals are prioritizing seafood as a healthier source of proteins than red meat and even white meat creates ample opportunities for the seafood market in the country.
According to 6Wresearch, South Africa Fish and Seafood Market size is anticipated to register growth during 2020-2026F. The rising risk of chronic disease coupled with growing awareness regarding health is driving the demand for fish and seafood. Significant increases in mineral, health-quality protein, and fatty acids are driving the South Africa Fish and Seafood market share. However, the change in climatic conditions is expected to affect fish production. The rising shift toward ready-to-eat food due to a busy lifestyle is also hampering the growth of the industry. Increasing expenditure on food products that are rich in nutrients is adding to the South Africa Fish and Seafood Market Share. The depletion of fish stock is hampering the development of the market.
By Sales Channel, the retail segment is dominating the market with the highest share due to the increasing preference of people for shopping for food products from stores rather than online portals. In addition, rising fresh seafood available in the supermarket and hypermarkets is expected to supplement the growth of the retail segment in the near future.
The market is expected to register a decline in growth during 2020, owing to the global pandemic caused due to COVID-19. However, the market is projected to record positive growth during 2021-2026 going forward. Moreover, middle-to-upper Income groups, prefer frozen processed fish and seafood rather than fresh products. The main reasons for this are the perceived superior taste and convenience of preparation that frozen processed fish and seafood represent.
The South Africa Fish and Seafood Market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. South Africa Seafood Market Overview |
3.1 South Africa Seafood Market Revenues, 2016-2026F |
3.2 South Africa Seafood Market Revenue Share, By Product Types, 2019 & 2026F |
3.3 South Africa Seafood Market Revenue Share, By Retail Market, 2019 & 2026F |
3.4 South Africa Seafood Market Revenue Share, By Sales Channel, 2019 & 2026F |
3.5 South Africa Seafood Market Revenue Share, By Regions, 2019 & 2026F |
3.6 South Africa Seafood Market - Industry Life Cycle |
3.7 South Africa Seafood Market - Porter’s Five Forces |
4. South Africa Seafood Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. South Africa Seafood Market Trends |
6. South Africa Seafoods Market - Distribution Channel Analysis |
7. South Africa Seafoods Market - Price Trend Analysis |
8. South Africa Seafood Market Overview, by Product Types |
8.1 South Africa Crustaceans Seafoods Market Revenues, 2016-2026F |
8.2 South Africa Mollusks Seafoods Market Revenues, 2016-2026F |
8.3 South Africa Fish Seafoods Market Revenues, 2016-2026F |
8.4 South Africa Others Seafoods Market Revenues, 2016-2026F |
9. South Africa Seafood Market Overview, by Retail Market |
9.1 South Africa Seafood Market Revenues, By Ambient, 2016-2026F |
9.2 South Africa Seafood Market Revenues, By Chilled, 2016-2026F |
9.3 South Africa Seafood Market Revenues, By Frozen, 2016-2026F |
10. South Africa Seafood Market Overview, by Sales Channel |
10.1 South Africa Seafood Market Revenues, By Retail, 2016-2026F |
10.2 South Africa Seafood Market Revenues, By Institution, 2016-2026F |
10.3 South Africa Seafood Market Revenues, By Foodservice, 2016-2026F |
11. South Africa Seafoods Market Overview, By Regions |
12. South Africa Seafoods Market - Government Initiatives / Regulations |
13. South Africa Seafoods Market - Key Performance Indicators |
14. South Africa Seafoods Market Opportunity Assessment |
14.1 South Africa Seafood Market Opportunity Assessment, By Product Types (2026F) |
14.2 South Africa Seafood Market Opportunity Assessment, By Retail Market (2026F) |
14.3 South Africa Seafood Market Opportunity Assessment, By Sales Channel (2026F) |
15. South Africa Seafoods Market Competitive Landscape |
15.1 South Africa Seafoods Market, By Players’ Revenue Share (2019) |
15.2 South Africa Seafoods Market, By Players’ Competitive Benchmarking, By Operating Parameters |
16. Company Profiles |
17. Key Strategic Pointers |
18. Disclaimer |