Saudi Arabia Aquaculture Market By Type (Fisheries, Seaweeds, Microalgae, Crustaceans, Mollusks, Others) By Culture (Freshwater, Brackish Water, Marine) By Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, Online) By Region, Competition Forecast & Opportunities, 2027

Saudi Arabia aquaculture market is anticipated to show robust growth in the upcoming five years, 2023-2027. The market growth can be attributed to the changing food consumption habits of the consumers. Moreover, the expansions of the food retail in the country are serving to be another beneficial factor for the growth of the Saudi Arabia aquaculture market in the upcoming five years. Consumers are inclined toward easily available packaged aquaculture through various sales channels, and the factor is supporting the growth of the market in the next five years. The surge in demand for aquatic organisms like fish, mollusks, crustaceans, and other aquatic flora and fauna species for their home aquariums is also driving the growth of the Saudi Arabia aquaculture market. Factors like urbanization, rising disposable income are some of the other factors responsible for the growth of the market in the future five years. Furthermore, in recent times, consumers are more health-conscious and have an inclination toward protein-rich meat and diet. Seafood is a major source of protein along with other important nutrients, and the factor is thus aiding the growth of the Saudi Arabia aquaculture market.

Aquaculture is one of the important sources of food in the country that drives the market growth exponentially. Also, the country is also involved in the import and export of aquatic animals as seafood in other countries, thereby driving the market growth in the upcoming future. Although, the market may face restraint due to quality assurance regulations that are changing in the importing countries.

Saudi Arabia aquaculture market is segmented by type, culture, distribution channel, regional distribution, and competitional landscape. Based on type, the market is further segmented into fisheries, seaweeds, microalgae, crustaceans, mollusks, and others. The fisheries segment is anticipated to hold the largest shares of the market and may dominate the market segment in the subsequent five years to come on account of a surge in demand for fish for food as well as residential pets. For the further decoration of the aquariums at home, the consumers are also inclined toward seaweeds and microalgae, and thus they may register significant growth in the next five years.

A partial list of market players in the Saudi Arabia aquaculture market includes National Aquaculture Group (NAQUA), Saudi Fisheries Company, Arabian Shrimp Company, Saudi fisheries company (Asmak), Jazadco Fisheries, Tabuk Fisheries Company, Arab Fisheries Co, Izalco LLC, Sami Hamad Est, Saudi fisheries company, among others. These market players hold larger shares of the market than the new market players. With the advancement of technology, it is appropriate to say that the effective research and development of technologically advanced services would support the market growth and benefit the market players as well as the consumers.

Objective of the Study:

• To analyze the historical growth of the market size of Saudi Arabia aquaculture market from 2017 to 2020.
• To estimate and forecast the market size of Saudi Arabia aquaculture market from 2021 to 2027 and growth rate until 2027. 
• To classify and forecast Saudi Arabia aquaculture market based on type, culture, distribution channel, competitional landscape, and regional distribution.
• To identify dominant region or segment in the Saudi Arabia aquaculture market.
• To identify drivers and challenges for Saudi Arabia aquaculture market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia aquaculture market.
• To identify and analyze the profile of leading players operating in Saudi Arabia aquaculture market.
• To identify key sustainable strategies adopted by market players in Saudi Arabia aquaculture market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of suppliers, and products across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the products which could not be identified due to the limitations of secondary research. TechSci Research analyzed the producers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of Saudi Arabia aquaculture market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these services and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Aquaculture providers, end users, and other stakeholders
• Distributers and suppliers of the related products and services
• Organizations, forums, and alliances related to aquaculture
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as producers, cultivators, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Saudi Arabia aquaculture market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Saudi Arabia Aquaculture Market, By Type:
• Fisheries
• Seaweeds
• Microalgae
• Crustaceans
• Mollusks
• Others
• Saudi Arabia Aquaculture Market, By Culture:

o   Freshwater

o   Brackish Water

o   Marine

• Saudi Arabia Aquaculture Market, By Distribution Channel:

o   Specialty Stores

o   Supermarkets/Hypermarkets

o   Online

• Saudi Arabia Aquaculture Market, By Region:
• Western
• Eastern
• Northern & Central
• Southern

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia aquaculture market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Saudi Arabia Aquaculture Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]