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.

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 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Type

·         Species

·         Production Type

·         Distribution Channel

Regional scope

Abu Dhabi, Dubai, Sharjah, Rest of UAE.

Key companies profiled

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

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, 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]  

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on UAE Aquaculture Market

4.    Executive Summary

5.    Voice of Customers

6.    UAE Aquaculture Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type (Land Based Aquaculture v/s Sea Based Aquaculture)

6.2.2.     By Species (Pelagic Fish, Demersal Fish, Freshwater Fish)

6.2.3.     By Production Type (Small Scale v/s Medium & Large Scale)

6.2.4.     By Distribution Channel (Traditional Retail, Supermarkets and Hypermarkets, Specialized Retailers, Online Stores, Others)

6.2.5.     By Region

6.2.6.     By Company (2021)

6.3.  Product Market Map

7.    UAE Land Based Aquaculture Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Component (Ponds, Fence, Closed system Aquaculture RAS, Others)

7.2.2.     By Species

7.2.3.     By Production Type

7.2.4.     By Distribution Channel

8.    UAE Sea Based Aquaculture Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Component (Cages, Suspended Aquaculture Systems, Coastal Fences)

8.2.2.     By Species

8.2.3.     By Production Type

8.2.4.     By Distribution Channel

9.    Market Dynamics

9.1.     Drivers

9.2.     Challenges

10.  Market Trends & Developments

11.  Policy & Regulatory Landscape

12.  Import-Export Analysis

13.  UAE Economic Profile

14.  Competitive Landscape

14.1.    Competition Outlook

14.2.    Company Profiles

14.2.1.  Sheikh Khalifa Marine Research Centre

14.2.2.  Al Jaraf Fisheries LLC

14.2.3.  Fish Farm LLC

14.2.4.  Alwathba Investment LLC (Emirates Fish Farms)

14.2.5.  Aquaculture and Marine Studies Center at Abu Al Abyad island

15.  Strategic Recommendations

                                                                                                         (Note: The companies list can be customized based on the client requirements.)

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]