Market Forecast By Product Types (Fresh Fish and Seafood, Canned Fish and Seafood, Frozen Fish and Seafood, Other Fish and Seafood) And Competitive Landscape
Product Code: ETC386270 | Publication Date: Aug 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Report Name | Kenya Fish and Seafood Market |
Forecast period | 2025-2031 |
CAGR | 3.5% |
Growing Sector | Retail sector |
The Kenya Fish and Seafood Market report thoroughly covers the market by Product Types, by Retail Market, and by Sales Channel.The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would assist stakeholders to devise and align their market strategies according to the current and future market dynamics.
The fish and seafood market in Kenya is witnessing robust growth, driven by the country's commitment to enhancing food production and consumption standards. This surge is largely due to the rising demand for healthy, nutritious, and diverse food options among Kenyans, spanning supermarkets, food services, and institutional settings. As consumer preferences evolve, there is a growing emphasis on sustainable and efficient food solutions, highlighting the vital role of a dynamic fish and seafood market in bolstering food security and catering to diverse dietary needs. This trend underscores the market's importance in meeting the nutritional demands of the population, promoting healthier eating habits, and supporting sustainable practices in the food industry.
According to 6Wresearch, the Kenya Fish and Seafood Market size is projected to grow at a significant CAGR of 3.5% during the forecast period of 2025-2031. Kenya fish and seafood market is flourishing, propelled by the country's dedication to enhancing food production and consumption standards. This robust growth is fueled by advancements in food technology that emphasize both efficiency and user-friendliness. The rising demand for high-quality fish and seafood across multiple sectors has led to significant investments in advanced technologies. Increasing awareness and the escalating need for these products are driving stakeholders to invest substantially in innovative solutions. These investments are fostering a dynamic market, aligning with Kenya's aspirations to advance its food industry and meet the growing consumer demand for top-quality fish and seafood products.
Despite the promising expansion of the fish and seafood market in Kenya, some challenges could impede its progress. One crucial issue is the availability and affordability of high-quality fish and seafood products. The surge in demand has resulted in an increased need for these items, raising accessibility issues that producers must address to ensure widespread adoption and operational stability. Additionally, fluctuations in fuel prices and currency exchange rates could impact the overall market growth. However, with ongoing efforts to address these challenges through technological advancements and innovative approaches, the Kenyan fish and seafood market is poised for a bright future.
The Kenya fish and seafood industry is driven by key players who are pivotal in advancing the market. Prominent companies include Kenya Marine and Fisheries Research Institute (KMFRI), which plays a significant role in research and development to enhance the quality and sustainability of fish and seafood. Leading private enterprises such as Samaki Express and Lake Turkana Fish Processors are renowned for their high-quality products and innovative processing techniques. These companies, along with other notable players like Mombasa-based Transvic Seafoods and Waka Fish Ltd, are instrumental in meeting the growing domestic and international demand. Their efforts are supported by government initiatives aimed at improving the fishing infrastructure and promoting sustainable practices. Together, these industry leaders are shaping a vibrant and competitive market, contributing to Kenya’s reputation as a key player in the global fish and seafood industry.
In Kenya, government regulations play a crucial role in shaping the fish and seafood market. The government has implemented various policies to ensure the sustainability and safety of fish and seafood products. These regulations include stringent standards for fishing practices to prevent overfishing and protect marine ecosystems. Additionally, there are quality control measures and hygiene requirements for processing and handling seafood to guarantee consumer safety. The government also promotes responsible aquaculture practices to support the growth of the industry while minimizing environmental impact. By enforcing these regulations, Kenya aims to balance the growth of its fish and seafood market with sustainable practices, ensuring that the industry can thrive while protecting natural resources and maintaining high standards for food safety.
The future of Kenya's fish and seafood market looks promising, with several key trends shaping its trajectory. The industry is expected to continue expanding due to rising consumer demand for high-quality, nutritious seafood and advances in aquaculture technology. Innovations in sustainable fishing practices and improved food processing techniques are likely to drive growth, enhancing the efficiency and sustainability of seafood production. Government initiatives aimed at boosting local seafood production and reducing import dependency will further support market growth. Additionally, increasing investments in cold storage and supply chain infrastructure will help meet the growing demand and improve product freshness. As consumer preferences shift towards healthier eating habits, the market is set to benefit from a greater emphasis on quality and traceability. Overall, Kenya's fish and seafood market is poised for growth, driven by technological advancements, supportive policies, and a heightened focus on sustainability and quality.
According to Ravi Bhandari, Research Head, 6Wresearch, crustaceans are experiencing the most significant growth. This surge is driven by rising consumer preferences for shrimp, crab, and lobster, which are increasingly popular due to their taste and perceived health benefits. Advances in aquaculture technology have also improved the efficiency of crustacean farming, contributing to their market expansion.
In Kenya fish and seafood market, the frozen retail segment is expected to experience the most growth. This rise is due to several factors frozen seafood offers longer shelf life and convenience, which aligns with the increasing demand for ready-to-cook or ready-to-eat products. Additionally, improved freezing technology and better cold storage infrastructure are enhancing the quality and availability of frozen seafood.
In Kenya, the foodservice channel is expected to see the most significant growth in the fish and seafood market. This sector, which includes restaurants, hotels, and catering services, is expanding as the culinary scene develops and consumer preferences shift towards dining out and experiencing diverse cuisines. The rising number of food establishments and increased demand for high-quality seafood dishes contribute to this growth
The report offers a comprehensive study of the subsequent market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Kenya Fish and Seafood Market Overview |
3.1 Kenya Country Macro Economic Indicators |
3.2 Kenya Fish and Seafood Market Revenues & Volume, 2021 & 2031F |
3.3 Kenya Fish and Seafood Market - Industry Life Cycle |
3.4 Kenya Fish and Seafood Market - Porter's Five Forces |
3.5 Kenya Fish and Seafood Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
4 Kenya Fish and Seafood Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Kenya Fish and Seafood Market Trends |
6 Kenya Fish and Seafood Market Segmentations |
6.1 Kenya Fish and Seafood Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 Kenya Fish and Seafood Market Revenues & Volume, By Fresh Fish and Seafood, 2021-2031F |
6.1.3 Kenya Fish and Seafood Market Revenues & Volume, By Canned Fish and Seafood, 2021-2031F |
6.1.4 Kenya Fish and Seafood Market Revenues & Volume, By Frozen Fish and Seafood, 2021-2031F |
6.1.5 Kenya Fish and Seafood Market Revenues & Volume, By Other Fish and Seafood, 2021-2031F |
7 Kenya Fish and Seafood Market Import-Export Trade Statistics |
7.1 Kenya Fish and Seafood Market Export to Major Countries |
7.2 Kenya Fish and Seafood Market Imports from Major Countries |
8 Kenya Fish and Seafood Market Key Performance Indicators |
9 Kenya Fish and Seafood Market - Opportunity Assessment |
9.1 Kenya Fish and Seafood Market Opportunity Assessment, By Product Types, 2021 & 2031F |
10 Kenya Fish and Seafood Market - Competitive Landscape |
10.1 Kenya Fish and Seafood Market Revenue Share, By Companies, 2024 |
10.2 Kenya Fish and Seafood Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |