Based on the data, the freshwater fish market size volume per capita in Kenya is observed to decrease steadily from 2024 through 2028. In 2023, the actual market size was higher than the starting value in 2024, but it is showing a consistent downward trend year-on-year. The annual percentage decline from 2024 to 2025 is approximately -9.29%, from 2025 to 2026 is about -9.45%, from 2026 to 2027 around -10.43%, and from 2027 to 2028 roughly -11.65%. Over the five-year period, the Compound Annual Growth Rate (CAGR) registers a consistent decline averaging -10.21% per annum.
Future trends to watch for:
- The impact of aquaculture practices and their potential to mitigate declining wild catch.
- Efforts in government policies and initiatives aimed at promoting sustainable fisheries.
- Changes in consumer behavior towards increased fish consumption or preferences for alternative protein sources.
- Technological advancements in fish farming and distribution networks that could alter market dynamics.
