Saudi Arabia Aquaculture Market Enhancing Huge Growth and Latest Trends by Top Players 2023-2028

Author: Elena Anderson

Marketing Manager

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Saudi Arabia Aquaculture Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled “ Saudi Arabia Aquaculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

,” the Saudi Arabia aquaculture market reached a production volume of 397,800 Tons in 2022.

Aquaculture refers to the practice of breeding, raising and harvesting aquatic organisms under human supervision in a tank, floating cage, pond, or any other water body. This farming procedure involves interventions in the rearing process to enhance production, such as regular stocking, feeding, and protection from predators.

Over the years, the aquaculture industry has witnessed rapid growth in Saudi Arabia as the country is strategically located with a 2,600 km long coastline that is home to a wide range of fish and other marine species and is suitable for aquaculture development.

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Saudi Arabia Aquaculture Market Trends:

The market is primarily driven by the rising seafood consumption in Saudi Arabia, as aquaculture production fulfills the partial domestic demand of seafood in the country. Moreover, the rising per capita income, changing lifestyles, and increasing demand for high-quality protein-rich food have also expanded the aquaculture industry. Besides this, the market is further propelled by the rising health consciousness among individuals as seafood is considered a rich source of protein, vitamins, and omega3 fatty acids.

In addition, its consumption is associated with numerous health benefits, including enhanced digestion, improved skin health, and strong metabolism. Furthermore, the government of Saudi Arabia is undertaking various initiatives to raise domestic seafood production and upgrade the infrastructure to encourage industrial sea farming in the country, which represents another growth-inducing factor.

Looking forward, IMARC Group expects the market production volume to reach 631,300 Tons by 2028, exhibiting a CAGR of 7.9% during 2023-2028.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/saudi-arabia-aquaculture-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Fish Type:

• On the Basis of Production

o Freshwater Fishes

o Diadromous Fishes

o Marine Fishes

o Crustaceans

o Others

• On the Basis of Consumption

o Pelagic Fish

o Freshwater and Diadromous Fish

o Crustaceans

o Demersal Fish

o Others

Breakup by Environment:

• Marine Water

• Fresh Water

• Brackish Water

Breakup by Distribution Channel:

• Traditional Retail

• Supermarkets and Hypermarkets

• Convenience Stores

• Online Channel

• Others

Breakup by Country:

• Germany

• France

• United Kingdom

• Italy

• Spain

• Others

Competitive Landscape:

• National Aquaculture Group (NAQUA)

• Saudi Fisheries Company (SFC)

• Asmak Holdings

• Jazan Energy and Development Company (Jazadco)

• Arabian Shrimp Company

• Tabuk Fisheries Company

Report Description

1. What was the size of the Saudi Arabia aquaculture market in 2022?

2. What is the expected growth rate of the Saudi Arabia aquaculture market during 2023-2028?

3. What are the key factors driving the Saudi Arabia aquaculture market?

4. What has been the impact of COVID-19 on the Saudi Arabia aquaculture market?

5. What is the breakup of the Saudi Arabia aquaculture market based on the fish type (by production)?

6. What is the breakup of the Saudi Arabia aquaculture market based on the fish type (by consumption)?

7. What is the breakup of the Saudi Arabia aquaculture market based on the environment?

8. What is the breakup of the Saudi Arabia aquaculture market based on the distribution channel?

9. Who are the key players/companies in the Saudi Arabia aquaculture market?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/saudi-arabia-aquaculture-market/toc

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