Saudi Arabia Shrimp Market Size to Surpass USD 384.0 Million by 2033, at a CAGR of 3.8%

Saudi Arabia Shrimp Market Overview

Base Year: 2024 `
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 3.8% (2025-2033)

The shrimp market in Saudi Arabia is experiencing significant growth, driven by rising domestic consumption, government support for aquaculture, and increasing export opportunities. According to the latest report by IMARC Group, the Saudi Arabia shrimp market size reached USD 267.5 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 384.0 Million by 2033, exhibiting a growth rate (CAGR) of 3.8% during 2025-2033.

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Saudi Arabia Shrimp Industry Trends and Drivers:

The shrimp industry in Saudi Arabia is poised for growth due to government incentives to increase domestic seafood production and reduce reliance on imported products. Shrimp farming has picked up pace especially along the Red Sea, where the government supports sustainable aquaculture practices in addition to other forms of seafood farming. They are expanding the seafood production experienced called tarab to help diversify the Saudi economy, reduce reliance on seafood imports, and finally, contribute to the food production / supply chain. On the consumer side, awareness of shrimp's nutrients and the idea of a high protein diet has spurred demand for shrimp, all of which provide a favorable setting for local producers to increase production and optimize the supply objective domestically.

Changes in dietary habits and increase interest in gourmet and international cuisines are contributing to the popularity of shrimp in urban areas. Restaurants and food service outlets are focusing resources on shrimp-based menu items, which encourages market visibility and consumption. Increased availability of shrimp through the use of modern retail facilities (e.g., grocery and meat retailers) and online grocery providers are enabling consumers to purchase shrimp. For the supply side of the market, producers are focused on improving packaging, quality control and cold chain logistics to maintain freshness and meet the increasing standards of health-conscious buyers. Therefore, the trends are in place for the shrimp market in Saudi Arabia to grow, becoming a source of investment and innovation with strong potential for market growth and sustainability into the future.

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Saudi Arabia Shrimp Industry Segmentation:

The report has segmented the market into the following categories:

Environment Insights:

● Farmed Shrimp
● Wild Shrimp

Species Insights:

● Penaeus Vannamei
● Penaeus Monodon
● Macrobrachium Rosenbergii
● Others

Distribution Channel Insights:

● Hypermarkets and Supermarkets
● Convenience Stores
● Hotels and Restaurants
● Online Sales
● Others

Regional Insights:

● Northern and Central Region
● Western Region
● Eastern Region
● Southern Region

Competitive Landscape:

● Almunajem Foods
● Arasco
● Jazan Energy and Development Company
● National Prawn Group

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

● Market Performance (2019-2024)
● Market Outlook (2025-2033)
● COVID-19 Impact on the Market
● Porter's Five Forces Analysis
● Strategic Recommendations
● Historical, Current and Future Market Trends
● Market Drivers and Success Factors
● SWOT Analysis
● Structure of the Market
● Value Chain Analysis
● Comprehensive Mapping of the Competitive Landscape

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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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