Middle East Seafood Market

Market Overview:

Middle East seafood market size is projected to exhibit a growth rate (CAGR) of 2.10% during 2024-2032. The market is experiencing growth due to increased intake of well-rounded diets, heightened awareness regarding the advantages of consuming protein, and a rising prevalence of its use in upscale dining establishments, restaurants, and fast-food chains.

Seafood encompasses edible aquatic animals featured in a diverse range of culinary traditions. This category includes a variety of fish like anchovy, bass, pomfrets, bluefish, carp, cod, flounder, haddock, halibut, herring, mahi-mahi, salmon, sardines, trout, and tuna. Additionally, it incorporates an assortment of shellfish and crustaceans, including crabs, crayfish, lobsters, prawns, shrimps, abalone, clams, conch, mussels, octopuses, oysters, scallops, and calamari. Caviar, sourced from the roe of sturgeon fish, is also considered part of seafood. Renowned for its nutritional richness, seafood provides essential nutrients such as iron, zinc, iodine, magnesium, and potassium. It is a source of omega-3 fatty acids, along with vitamins D and B2, crucial for preventing heart diseases, strokes, arthritis, promoting healthy bone growth, aiding calcium absorption, and fortifying the immune system. The consumption of seafood has been associated with enhanced brain health, lowering the risks of neurodegenerative conditions like Alzheimer’s disease, Parkinson’s disease, and amyotrophic lateral sclerosis.

Middle East Seafood Market Trends:

The Middle East seafood market is witnessing notable growth, reflecting a shift in dietary preferences and an increasing demand for diverse and nutritious food options. Renowned for its rich culinary heritage, the region has embraced seafood as a prominent component of its gastronomic landscape. Additionally, the market encompasses a wide variety of fish, shellfish, and crustaceans, offering consumers options like anchovy, bass, pomfrets, crab, lobster, shrimp, and calamari. Besides this, with a focus on health-conscious consumption and the nutritional benefits of seafood, there is a growing awareness of its role in providing essential nutrients like omega-3 fatty acids, vitamins, and minerals. In addition to local fisheries, the Middle East relies on seafood imports to meet the increasing demand, making it an integral player in the global seafood trade. The market is also influenced by the emphasis on food safety and sustainability, with consumers showing a preference for responsibly sourced seafood. As the Middle East continues to embrace a diverse culinary landscape and a focus on healthier eating, the market is poised for further expansion, presenting opportunities for both regional and international players over the forecasted period.

Middle East Seafood Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country level for 2024-2032. Our report has categorized the market based on type, form, and distribution channel.

Type Insights:

• Fish
• Shrimp
• Others
   

The report has provided a detailed breakup and analysis of the market based on the type. This includes fish, shrimp, and others.

Form Insights:

• Fresh / Chilled
• Frozen / Canned
• Processed
   

A detailed breakup and analysis of the market based on the form have also been provided in the report. This includes fresh / chilled, frozen / canned, and processed.

Distribution Channel Insights:

• Off-Trade 
  • Convenience Stores
  • Online Channel
  • Supermarkets and Hypermarkets
  • Others
• On-Trade
   

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes off-trade (convenience stores, online channel, supermarkets and hypermarkets, and others), and on-trade.

Country Insights:

• Saudi Arabia
• Turkey
• Israel
• United Arab Emirates
• Iran
• Iraq
• Qatar
• Kuwait
• Oman
• Jordan
• Bahrain
• Others
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Saudi Arabia, Turkey, Israel, United Arab Emirates, Iran, Iraq, Qatar, Kuwait, Oman, Jordan, Bahrain, and Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the key players include: 

• Almunajem Foods
• Blue Island PLC
• Enhance Group
• Global Food Industries LLC
• Oman Fisheries Co. SAOG
• Sea Pride LLC
• The Deep Seafood Company
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Middle East Seafood Market Report Coverage:

Key Questions Answered in This Report:

• How has the Middle East seafood market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Middle East seafood market?
• What is the breakup of the Middle East seafood market on the basis of type?
• What is the breakup of the Middle East seafood market on the basis of form?
• What is the breakup of the Middle East seafood market on the basis of distribution channel?
• What are the various stages in the value chain of the Middle East seafood market? 
• What are the key driving factors and challenges in the Middle East seafood?
• What is the structure of the Middle East seafood market and who are the key players?
• What is the degree of competition in the Middle East seafood market? 

 Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Middle East seafood market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Middle East seafood market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Middle East seafood industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.