Nigeria Seafood Market Size & Outlook, 2025-2033
Nigeria Seafood Market Insights
- As highlighted in Deep Market Insights analysis, the Nigeria Seafood Market, worth USD 1.19 Billion in 2024, is forecasted to achieve USD 1.77 Billion by 2033.
- The Nigeria market is anticipated to grow at a CAGR of 4.54% during the period 2026–2033.
- By 2024, Fresh represented the largest share of the Product condition market size.
- Processed ready-to-eat is expected to remain the key growth driver within Product condition, registering the fastest CAGR during the forecast period.
Source: DMI Analysis Company Publications, Primary Interviews.
Other Key Findings
- As of 2024, Nigeria held 0.46% of the global Seafood Market size.
- By 2033, United States is anticipated to capture the largest share of the global Seafood Market.
- In Middle East and Africa, United Arab Emirates is expected to lead the regional Seafood Market size by 2033.
- United Arab Emirates will remain the fastest-growing market in Middle East and Africa, reaching USD 14.05 Billion by 2033.
Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2033 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 1.19 Billion |
| Market Size In 2033 | USD 1.77 Billion |
| Largest segment | Fresh |
| Units | Revenue in USD Billion |
| CAGR | 4.54% (2025-2033) |
| Segmnetation Covered | |
| Product condition |
|
| Species categories |
|
| Product formats |
|
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Nigeria Seafood Market Product condition 2025-2033 (USD Billion)
| Product condition | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fresh | XX.x | XX.x | XX.x | 0.53 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Frozen | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Canned | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Processed ready-to-eat | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: DMI Analysis Company Publications, Primary Interviews.
Nigeria Seafood Market Species categories 2025-2033 (USD Billion)
| Species categories | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Finfish | XX.x | XX.x | XX.x | 0.54 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Crustaceans | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Mollusks | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: DMI Analysis Company Publications, Primary Interviews.
Nigeria Seafood Market Product formats 2025-2033 (USD Billion)
| Product formats | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fillets | XX.x | XX.x | XX.x | 0.63 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Whole fish | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Value-added products | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: DMI Analysis Company Publications, Primary Interviews.