Saudi Arabia Seafood Market Size, Growth, Demand, and Forecast 2024-2032

Saudi Arabia Seafood Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 2.18% (2024-2032)

According to the latest report by IMARC Group, The Saudi Arabia seafood market size reached US$ 1.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1.25 Billion by 2032, exhibiting a growth rate (CAGR) of 2.18% during 2024-2032. The market is experiencing steady growth, driven by increasing urbanization, rising disposable incomes, and a growing preference for healthier dietary options.

Saudi Arabia Seafood Market Trends and Drivers:

The growing health awareness as well as the increasing need for diversified dietary options are the factors responsible for the growth of the Saudi Arabia seafood market. Additionally, the rising consciousness of the health benefits associated with seafood consumption, such as its high protein content and rich omega-3 fatty acids, is encouraging consumers to consume more seafood in their diets. Besides this, the initiatives taken by government authorities to boost domestic aquaculture production under the Saudi Vision 2030 are significantly contributing to market growth. These efforts aim to reduce dependency on imports and ensure a sustainable supply of fresh and high-quality seafood. The rising disposable incomes and the expanding middle class are also key drivers, as they fuel the demand for premium and exotic seafood varieties. 

Key trends in the Saudi Arabia seafood market include the increasing popularity of value-added seafood products and the adoption of advanced aquaculture technologies. Consumers are showing a growing preference for ready-to-cook and ready-to-eat seafood options, which offer convenience and cater to busy lifestyles. This trend is prompting manufacturers to innovate and diversify their product offerings. Furthermore, advancements in aquaculture technology, such as recirculating aquaculture systems (RAS) and biofloc technology, are enhancing the efficiency and sustainability of seafood production. The market is also witnessing a rise in seafood restaurants and gourmet seafood retail outlets, reflecting the evolving culinary tastes of Saudi consumers. Apart from this, the emphasis on sustainable fishing practices and eco-friendly packaging is gaining traction, aligning with the global trend towards sustainability, which is anticipated to drive the Saudi Arabia seafood market over the forecasted period.

Request for a sample copy of this report: https://www.imarcgroup.com/saudi-arabia-seafood-market/requestsample

Saudi Arabia Seafood Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

Breakup by Form:

Breakup by Distribution Channel:

Breakup by Region:

Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Saudi Arabia seafood industry include Almunajem Foods, Arab Fisheries Co., IZAFCO LLC, National Aquaculture Group, Shell Fisheries Company W.L.L., and among many others.

Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=14036&flag=E

Key highlights of the Report:

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:  

IMARC Group 

134 N 4th St. Brooklyn, NY 11249, USA 

Email: sales@imarcgroup.com 

Tel No:(D) +91 120 433 0800 

United States: +1-631-791-11