Saudi Arabia Aquaculture Market Saudi Arabia Aquaculture Market Size Projected at 817,000 Tons by 2033, 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 2025-2033", 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.

How AI is Reshaping the Future of Saudi Arabia Aquaculture Market

● Saudi Arabia is pushing AI-powered technologies like Recirculating Aquaculture Systems (RAS) and IoT sensors to optimize water use and boost fish production despite its arid climate conditions.

● The National Fisheries Development Programme has attracted $4 billion investment, with SR300 million spent on research, hatcheries, and tech to modernize aquaculture infrastructure and practices.

● KAUST's experimental marine labs are breeding endemic species using AI and smart monitoring, proving sustainable aquaculture in the Red Sea environment is becoming viable and scalable.

● AI-driven monitoring tools and automated feeding systems improve efficiency and disease control, helping farmers increase yields and reduce operational costs significantly in Saudi aquafarming.

● Saudi Arabia's strategic focus under Vision 2030 promotes food security and job creation by integrating AI for smarter aquaculture, empowering over 3,000 skilled aquaculture specialists nationwide.

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Saudi Arabia Aquaculture Market Trends & Drivers:

Saudi Arabia's aquaculture market is booming, driven by Vision 2030's push for food security and economic diversification. The National Fisheries Development Program aims to produce 600,000 tons of seafood annually, with NAQUA expanding shrimp output to 100,000 tons. The market generates USD 701.2 million in revenue, fueled by a 71.74% rise in fish production. Government subsidies and USD 4 billion in investments support modern tech like recirculating aquaculture systems (RAS). Coastal cities like Jeddah see a 20% surge in shrimp demand, making aquaculture a key player in reducing import reliance.

Health-conscious eating trends are boosting Saudi Arabia's aquaculture market as consumers crave protein-rich seafood. With 65% of seafood now farm-raised, tilapia and barramundi dominate, driven by a 37.4% female and 62.6% male population in Riyadh demanding healthier diets. The Ministry of Environment's initiatives promote sustainable farming, with 298,491 tons of fish feed consumed annually. Companies like Almunajem Foods report a 15% sales increase in fresh seafood at supermarkets. E-commerce platforms like Noon.com also drive growth, with 30% of seafood sales now online, catering to busy, health-focused Saudis.

Technological innovation is transforming Saudi Arabia's aquaculture industry, making it a global leader. Recirculating aquaculture systems (RAS) cut water use by 90%, vital in water-scarce regions. KAUST's partnership with MEWA advances biofloc and IoT monitoring, improving yields by 25% for firms like Jazadco. The government's USD 80 million research investment supports disease-resistant fish strains, boosting production. NAQUA's new aquafeed facility reduces import costs by 20%. With 18 million tourists driving seafood demand in hospitality, tech-driven farms in Tabuk and Jazan are scaling up to meet market needs.

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

● 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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Recent News and Developments in Saudi Arabia Aquaculture Market

● July 2024: Saudi Arabia's aquaculture sector adopts AI-driven feeding systems, reducing feed waste by 30% and improving shrimp growth rates by 15% in key Red Sea farms.

● August 2024: The National Fisheries Development Program launches a $40 million initiative to expand land-based recirculating aquaculture systems (RAS), targeting a 20% increase in local tilapia production.

● September 2024: A new partnership between NEOM and a Norwegian tech firm introduces automated underwater drones for real-time fish health monitoring, cutting disease-related losses by 25% in seabass farms.

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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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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