The Saudi Arabia aquaculture market reached a production volume of 76,175 Tons in 2018. 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. Looking forward, the total production volume is projected to reach 257,388 Tons by 2024.
Market Breakup by Fish Type
On the Basis of Production
On the Basis of Consumption
Freshwater and Diadromous Fishes
Market Breakup by Environment
Market Breakup by Distribution Channel
Supermarkets and Hypermarkets
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.
Key questions answered in this report:
How has the Saudi Arabia aquaculture market performed so far and how will it perform in the coming years?
What is the breakup of the Saudi Arabia aquaculture market based on the fish type?
What is the breakup of the Saudi Arabia aquaculture market based on the environment?
What is the breakup of the Saudi Arabia aquaculture market based on the distribution channel?
What are the various stages in the value chain of the Saudi Arabia aquaculture industry?
What are the key driving factors and challenges in the Saudi Arabia aquaculture industry?
What are the key driving factors and challenges in the market?
What is the structure of the Saudi Arabia aquaculture industry and who are the key players?
What is the degree of competition in the Saudi Arabia aquaculture market?