UAE aquaculture market is anticipated
to register growth with an impressive CAGR in the forecast period, 2023-2027,
on the account of growing demand for the seafood and steady growth in the
aquaculture practices. Government favors toward the market with schemes like
National Aquaculture Pulse that plays a vital role in driving the growth of the
UAE aquaculture market in the upcoming five years. Surge in the demand for the
food security and growing population in the country also support the growth of
the UAE aquaculture market in the next five years.
Aquaculture is the practice
of cultivating fishes in an artificial environment or extracting the marine
lives from the sea or rivers. The artificial process involves rearing,
breeding, and harvesting of the animals and plants found in the water bodies.
Globally the demand for fish and other marine products as food is increasing
and that leads to the rapid adaptation and evolution of aquaculture on a global
scale. The market for the fish products and other eatables is also influenced
by the changing demands of the consumer demanding for farm fresh and frozen
products and evolving e-commerce sector.
UAE National Aquaculture
Pulse
Aquaculture is considered to
be a core component of the UAE’s National Food Security Strategy. With rapidly
increasing number of populations opting for seafood and growing inclination
toward advancing the fish culture is actively driving the growth of the UAE
aquaculture market in the upcoming five years. Through recently launched UAE
Aquaculture Pulse 2020, local consumption pattern and international market
patterns were analyzed to deduce best possible marketing growth strategies. The
scheme also analyzes production quality and size of the market along with prices
and availability of the products to support future investments in aquaculture
projects in the UAE.
According to the UAE
Aquaculture Pulse 2020, the UAE consumes 220,000 tonnes of fish per year, over 75%
of which is imported, while aquaculture provides only 2% of the fish consumed
locally. The expansion of the market is looked after as a key component in
efforts to achieve the UAE Vision 2021, and UAE Centennial 2071 plans.
Strategic recommendations toward enhancing marine resources, maintaining their
sustainability, and guaranteeing food security for current and future generations
is the main focus of the UAE Aquaculture Pulse 2020, while focusing on the
specific markets, products, and farms that new industry entrants can explore.
Dependency Over Seafood
Imports Influences Market
90% of the total consumption
in the Untied Aram Emirates is satisfied through the imported products.
Expenses over importing the fresh seafood products and then the distribution
and sales costs higher, and thus the demand to reduce the imports to decrease cost
of seafood influences the market growth. Also, during the COVID-19 pandemic,
the import channels were heavily disrupted and dedicated trips through national
carriers to fish producing nations like Turkey, Greece supplied for the demands
of the fish and other marine products.
Moreover, the technological
advancement in the freight movement and logistics played a vital role in
increasing the consumer’s demand for the product. Evolving internet based
ordering and home delivery services advancement also affects the consumer
demand and thus substantiates the growth of the UAE aquaculture market in the
forecast years through 2027.
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Market Segmentation
The
UAE aquaculture market is segmented by type, species, production type,
distribution channel, competitional landscape, and regional distribution. Based on type, the market is differentiated
between land based aquaculture and sea based aquaculture. By species, the
market is further segmented into pelagic fish, demersal fish, and freshwater
fish. Based on production type, the market is distinguished between small scale
production and medium/large scale production. By distribution channel, the
market is bifurcated into traditional retail, supermarkets and hypermarkets,
specialized retailers, online stores, and others. The market analysis also
studies the regional segmentation to devise regional market segmentation,
divided among Abu Dhabi, Dubai, Sharjah, rest of UAE.
Company Profile
Sheikh Khalifa Marine Research
Centre, Al Jaraf Fisheries LLC, Fish Farm LLC, Alwathba Investment LLC
(Emirates Fish Farms), Aquaculture and Marine Studies Center at Abu Al Abyad
Island, among
others is a partial list of major market players of the companies responsible
for the growth of UAE aquaculture market.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Type
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Species
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Production Type
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Distribution Channel
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Regional scope
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Abu Dhabi, Dubai, Sharjah, Rest of UAE.
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Key companies profiled
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Sheikh Khalifa Marine Research Centre, Al
Jaraf Fisheries LLC, Fish Farm LLC, Alwathba Investment LLC (Emirates Fish
Farms), Aquaculture and Marine Studies Center at Abu Al Abyad Island
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, UAE aquaculture market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- UAE Aquaculture Market, By Type:
- Land Based Aquaculture
- Sea Based Aquaculture
- UAE Aquaculture Market, By Species:
- Pelagic Fish
- Demersal Fish
- Freshwater Fish
- UAE Aquaculture Market, By Production
Type:
- Small Scale
- Medium & Large Scale
- UAE Aquaculture Market, By Distribution
Channel:
- Traditional Retail
- Supermarkets and Hypermarkets
- Specialized Retailers
- Online Stores
- Others
- UAE Aquaculture Market, By Region:
o Abu Dhabi
o Dubai
o Sharjah
o Rest of UAE
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in UAE 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).
UAE 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]