Saudi Arabia Seafood Market Size to Hit USD 4.3 Billion by 2033 | With a 2.5%% CAGR

Saudi Arabia Seafood Market Overview

Market Size in 2024 : USD 3.3 Billion

Market Size in 2033: USD 4.3 Billion

Market Growth Rate 2025-2033: 2.5%

According to IMARC Group's latest research publication,"Saudi Arabia Seafood Market Report by Type (Fish, Shrimp, and Others), Form (Fresh / Chilled, Frozen / Canned, Processed), Distribution Channel (Off-Trade, On-Trade), and Region 2025-2033", Saudi Arabia seafood market size reached USD 3.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 4.3 Billion by 2033, exhibiting a growth rate (CAGR) of 2.5% during 2025-2033.

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Growth Factors in the Saudi Arabia Seafood Market
Increasing Health Consciousness Among Consumers

Awareness of seafood's health benefits is driving the Saudi Arabia seafood market. Consumers now prefer protein-rich, low-fat foods. Seafood like salmon and shrimp is popular for its omega-3 fatty acids and vitamins. For example, the Saudi Food and Drug Authority's 2021 campaign promoted seafood as key to a balanced diet. This campaign encouraged people to eat seafood to fight chronic diseases like obesity. Health-conscious young people are changing their eating habits. This shift is boosting the demand for both fresh and processed seafood. More households are adding fish to their meals, which boosts market growth.

Government Initiatives and Vision 2030

Saudi Arabia's Vision 2030 is key to growing the seafood market. It promotes aquaculture and aims to reduce oil dependence. The National Fisheries Development Program offers funding and support to increase local fish production. For example, working with companies like the National Aquaculture Group has improved fish farming.. This has raised shrimp production. These efforts focus on achieving food security and increasing exports to countries like China. By supporting aquaculture, the government is opening doors for market growth. This makes seafood more available and affordable for consumers.

Growing Tourism and Hospitality Sector

The growing tourism industry, driven by Vision 2030, boosts the seafood market. High-end restaurants and luxury hotels in Jeddah and Riyadh feature premium seafood dishes. They cater to international tourists and wealthy locals. For example, upscale spots along the Red Sea serve exotic seafood like lobster to attract visitors. This trend gains from higher disposable incomes. As a result, people are eating out more often. The hospitality sector needs a variety of high-quality seafood. So, suppliers are expanding their offerings. This further stimulates market growth.

Key Trends in the Saudi Arabia Seafood Market

Rise of E-Commerce and Off-Trade Channels

E-commerce is changing seafood distribution in Saudi Arabia. More consumers are buying seafood online. Platforms like Noon and Amazon offer fresh and frozen options with convenient delivery. This appeals to busy urban households. Supermarkets like Lulu Hypermarket have also expanded online, offering many seafood products. The trend comes from a rise in home cooking and the ease of digital shopping. The growth of off-trade channels, aided by better cold chain logistics, makes seafood easier to access. This boosts market penetration across the Kingdom.

Focus on Sustainable Aquaculture Practices

Sustainability is a key trend in Saudi Arabia's seafood market. It's driven by environmental concerns and government rules. Technologies like Recirculating Aquaculture Systems (RAS) promote efficient, eco-friendly fish farming. For example, the National Aquaculture Group uses RAS to produce shrimp sustainably, minimizing environmental impact. Consumers want responsibly sourced seafood. This demand pushes companies to focus on traceability. This trend matches global sustainability goals and supports Vision 2030's focus on resource conservation. It encourages market players to invest in green practices. This helps meet consumer expectations and ensures long-term growth.

Demand for Value-Added Seafood Products

The growing popularity of value-added seafood products is changing the market. People lead busy lives and urbanization makes them want quick meal options. Ready-to-cook and ready-to-eat items, like marinated fish fillets or pre-packaged shrimp, fit this need. For instance, Almunajem Foods provides various processed seafood products for easy preparation, targeting working professionals. This trend is strong in cities like Riyadh, where consumers prioritize convenience. The demand for these products is driving innovation in processing and packaging. This makes seafood more appealing and easier to access.

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Saudi Arabia Seafood Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

●Fish
●Shrimp
●Others

Breakup by Form:

●Fresh / Chilled
●Frozen / Canned
●Processed

Breakup by Distribution Channel:

●Off-Trade
●Convenience Stores
●Online Channel
●Supermarkets and Hypermarkets
●Others
●On-Trade

Breakup by Region:

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

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the Saudi Arabia seafood industry include Almunajem Foods, Arab Fisheries Co., IZAFCO LLC, National Aquaculture Group, Shell Fisheries Company W.L.L., and among many others.

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Future Outlook

The Saudi Arabia seafood market is poised for steady growth, driven by continued government support, technological advancements, and evolving consumer preferences. Vision 2030's focus on aquaculture development, such as investments in marine farming along the Red Sea, will enhance domestic production and reduce import dependency. Innovations like automation and traceability solutions will improve efficiency and sustainability, while e-commerce platforms will further expand market reach. With a growing population and increasing health consciousness, demand for premium and sustainable seafood will rise, positioning Saudi Arabia as a potential exporter in the global market. Collaboration with research institutions will foster innovation, ensuring the industry meets future demands while maintaining environmental standards.

Research Methodology:

The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

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