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The Saudi Arabia aquaculture market reached a production volume of 73,000 Tons in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 14% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Aquaculture is a farming practice of aquatic species under human supervision in a tank, floating cage, pond or any other water body. The Kingdom of Saudi Arabia has a long history in aquaculture since the first shrimp farms were developed across the red sea coast during the 1980’s. In recent years, strong advancements have been made in the aquaculture industry catalyzed by the red sea’s favorable environment conditions as well as technological advancements.
The aquaculture production fulfills the partial domestic demand of seafood in the country and the rest of it is imported from neighboring countries. Seafood is consumed by the majority of the population in Saudi Arabia. High consumption of seafood in the country is attributed to various factors such as rising per capita income, changing lifestyles and increasing demand of high-quality protein rich food. As a result of an increasing prevalence of life style diseases, there has been a rise in the seafood consumption in the country as they are rich in protein, vitamins and omega-3 fatty acids. Aquaculture is also the fastest growing animal food production sector in the country. The growth is backed by government support and initiatives in order to raise the domestic production.
IMARC Group provides an analysis of the key trends in each sub-segment of the Saudi Arabia aquaculture market report, along with forecasts for growth at the country level from 2021-2026. Our report has categorized the market based on fish type, environment and distribution channel.
Breakup by Fish Type
Breakup by Environment
Breakup by Distribution Channel
The report has also examined the competitive landscape of the Saudi Arabia aquaculture market. Some of the major players include: National Aquaculture Group (NAQUA), Saudi Fishery Company, Asmak, Jazadco, Arabian Shrimp Company, Tabuk Fisheries, etc.
This report provides a deep insight into the Saudi Arabia aquaculture market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Saudi Arabia aquaculture market in any manner.
|Base Year of the Analysis||2020|
|Segment Coverage||Fish Type, Environment, Distribution Channel|
|Companies Covered||National Aquaculture Group (NAQUA), Saudi Fishery Company, Asmak, Jazadco, Arabian Shrimp Company and Tabuk Fisheries|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License $ 2499
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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