Saudi Arabia Seafood Market Grow with a CAGR of 3.45% through 2030F

The Saudi Arabia Seafood market is driven by rising health awareness, increasing disposable income, growing population, government support for aquaculture, and expanding retail and foodservice sectors.

According to TechSci Research report, “Saudi Arabia Seafood Market – By Region, Competition, Forecast & Opportunities, 2030F”, the Saudi Arabia Seafood market stood at USD 1.02 Billion in 2024 and is anticipated to grow USD 1.25 Billion by 2030 with a CAGR 3.45% during forecast period. The Saudi Arabia Seafood market is driven by increasing population and accelerating urbanization. As more people migrate to urban centers like Riyadh, Jeddah, and Dammam, lifestyles are evolving, with greater exposure to diverse diets and a rising preference for healthy, protein-rich foods. Urban consumers, often with higher disposable incomes, are increasingly incorporating seafood into their regular meals, appreciating its nutritional benefits. This demographic shift has also spurred the expansion of modern retail formats such as supermarkets, hypermarkets, and online grocery platforms, making seafood more accessible and convenient to purchase. The growing urban population’s changing food consumption patterns significantly contribute to the rising demand for fresh, frozen, and processed seafood products in Saudi Arabia.

The Saudi Arabia Seafood market is primarily driven by the expansion of cold chain infrastructure in Saudi Arabia enhancing the freshness and quality of seafood products, thereby boosting market growth. As the demand for perishable goods, including seafood, rises due to population growth and urbanization, the need for efficient temperature-controlled logistics becomes paramount. The Saudi government has invested heavily in developing a modern cold chain infrastructure, including advanced cold storage facilities and refrigerated transportation systems, to support the growing food and pharmaceutical sectors. This development ensures that seafood products maintain optimal freshness and safety from production to consumption. Consequently, the improved cold chain infrastructure is not only reducing food waste but also increasing consumer confidence in seafood quality, thereby driving the growth of the Saudi Arabian seafood market.

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The Saudi Arabia Seafood market is segmented into product, type, application, distribution channel and region.

Based on the type, the shrimp segment is the fastest growing in the Saudi Arabia Seafood market, driven by increasing consumer demand for shrimp, attributed to its health benefits, affordability, and versatility in various cuisines. The Saudi government's Vision 2030 initiative has significantly bolstered domestic shrimp production through investments in sustainable aquaculture practices and infrastructure development. Notably, the Tabuk region has become a hub for commercial-scale shrimp farming using closed-system technology, positioning Saudi Arabia as a leading producer in the Middle East. Also, the expansion of cold chain logistics and processing facilities has improved the availability and quality of shrimp products, further stimulating market growth. As a result, the shrimp segment is poised to continue its rapid expansion, contributing significantly to the diversification and sustainability of Saudi Arabia's seafood industry.

Based on the region, Eastern is the fastest-growing region in the Saudi Arabia Seafood market, driven by several key factors. Proximity to the Arabian Gulf provides abundant marine resources, facilitating both wild catch and aquaculture activities. Cities like Dammam and Al Khobar serve as commercial hubs, enhancing distribution networks and access to seafood products. The region's robust infrastructure supports efficient supply chains, ensuring timely delivery of fresh and frozen seafood to consumers. Also, a growing expatriate population in the Eastern region is contributing to increased demand for diverse seafood offerings, further stimulating market growth. These combined factors position the Eastern region as a pivotal area in Saudi Arabia's expanding seafood industry.

Major companies operating in the Saudi Arabia Seafood market are:

• Arab Fisheries Co
• National Aquaculture Group
•  Izafco
• Sammak
• Sealand Foods
• Royal Future
• East Coast Seafood Company
• Asian Seafood Corporation
• The Sea Food Company Pte Ltd
• Aljunaid Seafood

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“The Saudi Arabia Seafood market is expected to grow in the future owing to the growing demand for convenient frozen and packaged seafood products. As busy lifestyles become more common across urban centers, consumers seek quick and easy meal options without compromising on nutrition and quality. Frozen and packaged seafood offers extended shelf life, easy storage, and ready-to-cook convenience, making it highly attractive to working professionals and families alike. Also, the expansion of modern retail formats, such as supermarkets, hypermarkets, and online grocery platforms, has improved the availability and variety of these products. Technological advancements in freezing and packaging techniques help retain freshness and flavor, further boosting consumer confidence. This rising preference for convenience is significantly contributing to the growth and diversification of Saudi Arabia’s seafood market, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

"Saudi Arabia Seafood Market By Product (Fish, Shrimp, Crab, Lobster, Others), By Type (Raw, Frozen, Processed), By Application (Retail, Institution Sales, Food Service), By Distribution Channel (Supermarket/Hypermarket, Departmental Stores, Specialized Stores, Online, Others), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of Saudi Arabia Seafood market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Saudi Arabia Seafood market.

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