Saudi Arabia Aquaculture Market Research Report 2023-2028: Growth, Top Companies Share, Size, and Forecast

The Saudi Arabia aquaculture market reached a production volume of 397,800 Tons in 2022. Looking forward, IMARC Group expects the market to reach 631,300 Tons by 2028, exhibiting a growth rate (CAGR) of 7.9% during 2023-2028. Aquaculture, often referred to as aquafarming, is a dynamic practice that involves the cultivation and husbandry of aquatic organisms in controlled environments. This includes fish, shellfish, and aquatic plants, among others. Its defining characteristic is the deliberate intervention in the breeding, rearing, and harvesting of aquatic species, in contrast to traditional fishing, which relies on wild populations.

One of the prominent features of aquaculture is its versatility, as it encompasses a wide range of species and systems. These systems can be categorized as either freshwater or marine, and they vary from land-based ponds and raceways to offshore cages and floating platforms. This adaptability allows for the cultivation of diverse species to meet the increasing global demand for seafood. Furthermore, aquaculture plays a vital role in global food security and sustainability. It reduces pressure on overexploited wild fisheries, promotes efficient resource use, and can be tailored to address specific environmental and social considerations.

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Saudi Arabia Aquaculture Market Development Facts and Trends:

The increasing demand for alternative materials in the Saudi Arabia aquaculture industry is propelling significant growth in the market. Moreover, various government initiatives aimed at promoting sustainable aquaculture practices and responsible seafood production are complementing the expansion of the sector. Besides this, the aquaculture sector in Saudi Arabia is continuously exploring innovative technologies and practices to enhance the growth and health of aquatic organisms, thus broadening their market reach.

In addition to this, substantial investments in aquaculture technology and research are fostering innovations, incorporating advanced techniques and water quality management processes to further improve the efficiency and sustainability of aquaculture operations. Professionals within the aquaculture industry in Saudi Arabia recognize the potential of these developments to provide efficient and eco-friendly alternatives to traditional fishing methods, creating a positive outlook for the industry in the region.

Saudi Arabia Aquaculture Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

Major Companies Covered in Saudi Arabia Aquaculture Industry Report:

• National Aquaculture Group (NAQUA)
• Saudi Fisheries Company (SFC)
• Asmak Holdings
• Jazan Energy, and Development Company (Jazadco),
• Arabian Shrimp Company
• Tabuk Fisheries Company

Key Market Segmentation:

The report has segmented the Saudi Arabia aquaculture market on the basis of fish type, environment, and distribution channel.

Based on Fish Type:

• Production
• Consumption

Based on Environment:

• Marine Water
• Fresh Water
• Brackish Water

Based on Distribution Channel:

• Traditional Retail
• Supermarkets and Hypermarkets
• Convenience stores
• Online
• Others

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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