Summary

Saudi Arabia aquaculture market is expected to grow at a formidable CAGR during the forecast period, 2023-2027. Changing food consumption habits and expanding retail food chains offering varieties of seafood in the country are some of the driving factors attributing to the growth of Saudi Arabia aquaculture market. Aquaculture involves the breeding, rearing, and harvesting of marine animals and aquatic plants in a controlled ecosystem to optimize utilization of farm resources, augment farm production, generate employment, produce adequate food, and dispose of agricultural waste. Aquaculture has become an important source of food in Saudi Arabia as the health-conscious population is increasingly becoming aware of the health benefits of consuming protein-rich meat, which is boosting the growth of the Saudi Arabia Aquaculture market. Besides, the country is involved with the seafood trade of aquatic organisms like fish, mollusks, crustaceans, and other aquatic flora, which is promoting the growth of the Saudi Arabia aquaculture market. Moreover, rising e-commerce channels offering seafood varieties, rising personal disposable incomes of the population, and growing urbanization in the country are propelling the demand for Saudi Arabia aquaculture market during the forecast period.
Saudi Arabia aquaculture market is segmented by type, culture, distribution channel, regional distribution, and company. Based on type, the market is further segmented into fisheries, seaweeds, microalgae, crustaceans, mollusks, and others. The fisheries segment is expected to hold the largest market in Saudi Arabia aquaculture market due to the growing demand for fish in the dietary nutrition and production of omega-3 supplements. Besides, fishes are being largely adopted as pets and for decorating aquariums at home, thus propelling their demand. Based on culture, the marine culture segment is expected to register the fastest growth during the forecast period owing to the rising demand for seafood products and declining capturing of fisheries from the oceans.
Market players dominating the Saudi Arabia aquaculture market include National Aquaculture Group (NAQUA), Saudi Fisheries Company, Arabian Shrimp Company, Saudi fisheries company (Asmak), Jazadco Fisheries, Tabuk Fisheries Company, Arab Fisheries Co, Izalco LLC, Sami Hamad Est, Saudi fisheries company, among others. Effective research and development initiatives to improve aquaculture services and adoption of more technologies are some of the strategies adopted by market players, supporting their growth in Saudi Arabia aquaculture market.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023-2027
Objective of the Study:
• To analyze the historical growth of the market size of Saudi Arabia aquaculture market from 2017 to 2021.
• To estimate and forecast the market size of Saudi Arabia aquaculture market from 2022 to 2027 and growth rate until 2027.
• To classify and forecast Saudi Arabia aquaculture market based on type, culture, distribution channel, competitional landscape, and regional distribution.
• To identify dominant region or segment in the Saudi Arabia aquaculture market.
• To identify drivers and challenges for Saudi Arabia aquaculture market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia aquaculture market.
• To identify and analyze the profile of leading players operating in Saudi Arabia aquaculture market.
• To identify key sustainable strategies adopted by market players in Saudi Arabia aquaculture market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of suppliers, and products across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the products which could not be identified due to the limitations of secondary research. TechSci Research analyzed the producers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of Saudi Arabia aquaculture market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these services and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
• Aquaculture providers, end users, and other stakeholders
• Distributers and suppliers of the related products and services
• Organizations, forums, and alliances related to aquaculture
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as producers, cultivators, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Saudi Arabia aquaculture market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Saudi Arabia Aquaculture Market, By Type:
o Fisheries
o Seaweeds
o Microalgae
o Crustaceans
o Mollusks
o Others
• Saudi Arabia Aquaculture Market, By Culture:
o Freshwater
o Brackish Water
o Marine
• Saudi Arabia Aquaculture Market, By Distribution Channel:
o Specialty Stores
o Supermarkets/Hypermarkets
o Online
• Saudi Arabia Aquaculture Market, By Region:
o Western
o Eastern
o Northern & Central
o Southern
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia aquaculture market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).

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