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.
Attribute
|
Details
|
Base Year
|
2021
|
Historical Data
|
2017 – 2020
|
Estimated Year
|
2022
|
Forecast Period
|
2023 – 2027
|
Quantitative Units
|
Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F
|
Report coverage
|
Revenue forecast, company share, competitive landscape, growth
factors, and trends
|
Segments covered
|
·
Type
·
Culture
·
Distribution Channel
|
Regional scope
|
Western Region, Northern And Central Region, Eastern Region,
Southern Region
|
Key companies profiled
|
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.
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase
options
|
Delivery Format
|
PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
|
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]
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]