Saudi Arabia Aquaculture Market to Reach 817,000 Tons by 2033, Growing at 6.6% CAGR

Saudi Arabia Aquaculture Market Overview

Market Size in 2024 : 459,000 Tons

Market Size in 2033: 817,000 Tons

Market Growth Rate 2025-2033: 6.6%

According to IMARC Group's latest research publication,"Saudi Arabia Aquaculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2023", The Saudi Arabia aquaculture market size reached a production volume of 459,000 Tons in 2024. Looking forward, IMARC Group expects the market to reach 817,000 Tons by 2033, exhibiting a growth rate (CAGR) of 6.6% during 2025-2033.

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Growth Factors in the Saudi Arabia Aquaculture Market
Rising Demand for Seafood

The growing appetite for seafood in Saudi Arabia drives the aquaculture market. As the population increases and incomes rise, more people are choosing seafood. They value its health benefits, like high protein and omega-3 fatty acids. Changing lifestyles and a focus on health make seafood a diet staple. Dishes such as shrimp kabsa and fish mandi reflect cultural favorites. This preference increases demand for these meals. This trend encourages aquaculture producers to expand. NAQUA and other companies are boosting shrimp farming to satisfy local demand. This reduces reliance on imports and supports food security.

Government Support and Vision 2030

Saudi Arabia's Vision 2030 initiative boosts the aquaculture sector. It focuses on economic diversification and food security. The government is putting money into infrastructure. It is also offering financial incentives to boost local seafood production. KAUST and MEWA work together to improve sustainable aquaculture practices. These efforts fund modern facilities and research on new farming techniques. This helps companies like Arabian Fisheries Company adopt innovative methods and raise output. These actions support national goals to cut down on import dependency.

Technological Advancements

Technological innovation is transforming aquaculture in Saudi Arabia, enhancing productivity and sustainability. Technologies like recirculating aquaculture systems (RAS) and biofloc systems make farming possible in dry areas with little water. This helps tackle environmental issues. For example, NAQUA uses advanced RAS to grow shrimp efficiently. This ensures high yields while minimizing environmental harm. Also, using IoT and AI to monitor water quality and fish health improves operations. These innovations draw local and foreign investors. They help producers farm various species, like tilapia and salmon. This is done while keeping quality and efficiency high.

Key Trends in the Saudi Arabia Aquaculture Market
Sustainable Aquaculture Practices

Sustainability is a key trend in Saudi Arabia's aquaculture market. It is fueled by environmental concerns and a growing demand for eco-friendly products. Producers are using biofloc technology and organic feed. These methods help lower their ecological impact. For instance, NEOM's Topian initiative focuses on regenerative aquaculture. It aims to produce seafood while using fewer resources. These practices fit with global trends toward responsible farming. They attract health-conscious consumers and improve export potential. By focusing on sustainability, companies boost their market reputation. They meet stricter rules, so they can succeed in a tough industry for the long term.

Growth in Shrimp Farming

Shrimp farming is a major trend in Saudi Arabia. Shrimp is popular due to its cultural significance and low cost. The National Aquaculture Group leads the industry, producing thousands of tons each year. They use advanced facilities along the Red Sea coast. Government efforts also support this growth. For example, a pilot project in Tabuk started in 2020 to boost inland shrimp farming. This helps expand production beyond coastal areas. The focus on shrimp meets local demand for dishes like shrimp kebab. It also supports export growth. Overall, Saudi Arabia is becoming a key player in the global shrimp market.

Rise of Tourism-Driven Demand

The booming tourism sector in cities like Riyadh and Jeddah is increasing the demand for fresh seafood. Millions of tourists visit each year, according to the Ministry of Tourism. This surge has led to a need for high-quality seafood. For example, restaurants in Riyadh are sourcing more locally farmed fish and shrimp. They aim to serve both local and international visitors. This trend drives aquaculture producers to boost their production capacity. They also focus on keeping supply chains steady. As a result, collaborations with hospitality businesses grow to meet the rising demand for premium seafood.

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Saudi Arabia Aquaculture Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Fish Type

●On the Basis of Production
●Freshwater Fishes
Diadromous Fishes
●Marine Fishes
●Crustaceans
●Others
●On the Basis of Consumption
●Pelagic Fish
●Freshwater and Diadromous Fish
●Crustaceans
●Demersal Fish
●Others

Breakup by Environment:

●Marine Water
●Fresh Water
●Brackish Water

Breakup by Distribution Channel:

●Traditional Retail
●Supermarkets and Hypermarkets
●Convenience Stores
●Online Channel
●Others

Competitive Landscape:

The report has provided a comprehensive analysis of the competitive landscape in the Saudi Arabia aquaculture market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

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

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Future Outlook

The Saudi Arabia aquaculture market is poised for significant growth, driven by continued government support, technological innovation, and rising consumer demand for sustainable seafood. Initiatives under Vision 2030, such as the National Fisheries Development Program, will likely attract further investments, enabling the Kingdom to achieve ambitious production targets and reduce import dependency. The integration of advanced technologies like AI-driven monitoring and biotechnology for disease-resistant fish strains will enhance efficiency and resilience. However, challenges like water scarcity and environmental regulations must be addressed through sustainable practices. With strategic partnerships, such as those with international firms, and a focus on high-value species like shrimp and salmon, the market is set to become a global leader in sustainable aquaculture, contributing to food security and economic diversification.

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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