Saudi Arabia Seafood Market

Market Overview:

Saudi Arabia seafood market size is projected to exhibit a growth rate (CAGR) of 2.18% during 2024-2032. The rising advances in fishing technology, aquaculture practices, and seafood processing, which can lead to increased efficiency, improved quality, and expanded product offerings, are primarily driving the market.

Seafood refers to a diverse category of culinary delights derived from aquatic animals and plants. It encompasses a wide array of delicious options, including fish, shellfish, and aquatic plants. Fish, the most prominent seafood variety, comes in numerous species, each offering a unique taste and texture. Common choices include salmon, tuna, and cod, prized for their versatility in cooking. Shellfish encompasses crustaceans like crabs, lobsters, and shrimp, as well as mollusks such as clams, oysters, and mussels. These creatures boast distinct flavors and are often served in various styles, from raw to grilled to steamed. Seaweed and other aquatic plants, though less celebrated, contribute significantly to cuisines in many cultures, providing essential flavors and nutrients. The popularity of seafood lies in its rich nutritional profile, offering an excellent source of protein, omega-3 fatty acids, vitamins, and minerals. Furthermore, seafood is celebrated for its culinary versatility, from the simplicity of a classic fish fillet to the extravagance of a seafood feast.

Saudi Arabia Seafood Market Trends:

The seafood market in Saudi Arabia is influenced by a myriad of interconnected factors that shape the industry's dynamics. Firstly, the growing regional population, coupled with the emerging consumer knowledge of the health benefits of seafood, has fostered an increasing demand for these products. Consequently, this surge in demand has encouraged seafood producers to expand their operations, driving market growth. Moreover, technological advancements in fishing and aquaculture practices have enhanced production efficiency, resulting in a more abundant and accessible seafood supply. Apart from this, changing consumer preferences towards sustainable and environmentally responsible seafood options have spurred market players to adopt eco-friendly practices. Furthermore, the escalating application of online retail and delivery services that has facilitated convenient access to seafood products, thereby enabling consumers to purchase a wide variety of seafood items with ease, is expected to drive the market in Saudi Arabia during the forecast period.

Saudi Arabia Seafood Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the 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.

Regional Insights:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern and Central Region, Western Region, Eastern Region, and Southern Region.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. 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
• Arab Fisheries Co.
• IZAFCO LLC
• National Aquaculture Group
• Shell Fisheries Company W.L.L.
   

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

Saudi Arabia Seafood Market Report Coverage:

Key Questions Answered in This Report:

• How has the Saudi Arabia seafood market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Saudi Arabia seafood market?
• What is the breakup of the Saudi Arabia seafood market on the basis of type?
• What is the breakup of the Saudi Arabia seafood market on the basis of form?
• What is the breakup of the Saudi Arabia seafood market on the basis of distribution channel?
• What are the various stages in the value chain of the Saudi Arabia seafood market? 
• What are the key driving factors and challenges in the Saudi Arabia seafood?
• What is the structure of the Saudi Arabia seafood market and who are the key players?
• What is the degree of competition in the Saudi Arabia 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 Saudi Arabia seafood market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Saudi Arabia 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 Saudi Arabia 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.