Saudi Arabia Seafood Market, By Type (Crustaceans, Cephalopods, Mollusks, Ground fish, Flat fish); By Category (Frozen Seafood, Salted Seafood, Dried Seafood); By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Onlin

Saudi Arabia Seafood Market, By Type (Crustaceans, Cephalopods, Mollusks, Ground fish, Flat fish); By Category (Frozen Seafood, Salted Seafood, Dried Seafood); By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retail), Trend Analysis, Competitive Landscape & Forecast, 2022–2028

Saudi Arabia Seafood Market Size Set to Touch USD 1.46 billion by 2028
Saudi Arabia seafood market is flourishing because of an increasing awareness about health benefits related to sea food, surging demand for protein enriched fat-free food, and rising government initiatives to promote domestic fish production.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia seafood market size at USD 1.07 billion in 2021. During the forecast period between 2022 and 2028, BlueWeave expects Saudi Arabia seafood market size to grow at a steady CAGR of 4.8% reaching a value of USD 1.46 billion by 2028. Saudi Arabia seafood market expansion is driven by rising demand for protein-rich seafood, government programs that
encourage local fish production and increasing awareness of the advantages of sea food. Saudi Arabia's main revenue-generating industry is oil & gas, and the government is introducing schemes to broaden income-generating resources to reduce its reliance on the oil & gas industry, increasing investments in technology advancements of existing infrastructure, and rapid advances in the aquaculture sector to utilize existing resources are expected to fuel the overall market expansion. The presence of favorable environmental conditions in the Red Sea is predicted to contribute to increased seafood production as well as a soaring consumer demand for high-quality protein food and widespread consumption of seafood by the majority of population are expected to further contribute to the expansion of seafood market in Saudi Arabia. However, stringent law regulations about animal cruelty are anticipated to limit the growth Saudi Arabia seafood market during the period in analysis.
Saudi Arabia Seafood Market– Overview
Seafood refers to any type of sea life considered edible by humans. The collection of wild seafood is known as fishing or hunting, and the cultivation and growing of seafood is known as aquaculture or fish farming. Seafood is a key source of protein found in coastal areas. Seafood includes a variety of mollusks, crustaceans, and echinoderms in addition to fish and shellfish. In some locations, seafood is known as plant food, which is then used to produce edibles for human consumption. Products derived from seafood include fish oil and spiraling pills. Seafood is also fed to aquarium fish and is utilized to feed domestic pets, such as cats. A minor fraction of the seafood industry is used in medical or for industrial reasons besides consumption.
Saudi Arabia Seafood Market – By Distribution Channel
Based on distribution channel, Saudi Arabia seafood market is divided into Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, and Online Retail. The supermarkets and hypermarkets segment is expected to hold the highest market share. Supermarkets and hypermarkets feature a separate department for seafood. As a result, consumers have a wide range of products to select from, particularly in the freezer section. Supermarket and hypermarket fish counters are regarded as good locations for purchasing a wide selection of fresh and frozen seafood. Furthermore, supermarkets and hypermarkets offer rapid freezing, which keeps seafood fresh for an extended period.
Impact of COVID -19 on Saudi Arabia Seafood Market
Covid-19 had a detrimental effect on all the sectors including seafood market due to lockdown imposition which led to supply chain disruptions including closure of production unit, halt in harvesting and processing, decrease in workforce and decline in sales. Only necessary movement of products and people were permitted. Due to increased awareness of health and hygiene, demand for seafood increased. Additionally, individuals switched to home cooked meals and retail purchasing. Demand for seafood surged as e-commerce platforms and online retail stores became the primary outlet for fish and seafood, particularly during the lockdown period. As ready-to-eat seafood was available, the seafood market remained stable during the pandemic.
Competitive Landscape
Major players operating in Saudi Arabia seafood market include Sealand, Arab Fisheries CO., National Aquaculture Group, Izafco LLC, Saudi Fisheries Company, Fitkar International Trading Company, King Fisheries Est. Jubail, Rubban Fisheries Trading Company, Uzma TE, and Zuhair Al Madani Food Trading. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics Saudi Arabia Seafood Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Seafood Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Sea Food Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing awareness about health benefits in sea food
3.2.1.2. Increasing demand for proteinaceous fat-free food
3.2.2. Restraints
3.2.2.1. Stringent law implemented against animal cruelty
3.2.3. Opportunities
3.2.3.1. Change in consumer’s preferences for healthy diet
3.2.3.2. Rising initiatives supporting the domestic production of fish
3.2.4. Challenges
3.2.4.1. Strict government regulations
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Saudi Arabia Sea Food Market Overview
4.1. Market Size & Forecast, 2018–2028
4.1.1. By Value (USD Billion)
4.2. Market Share & Forecast
4.2.1. By Type
4.2.1.1. Crustaceans
4.2.1.2. Cephalopods
4.2.1.3. Mollusks
4.2.1.4. Ground fish
4.2.1.5. Flat fish
4.2.1.6. Others
4.2.2. By Category
4.2.2.1. Frozen Seafood
4.2.2.2. Salted Seafood
4.2.2.3. Dried Seafood
4.2.2.4. Others
4.2.3. By Distribution Channel
4.2.3.1. Supermarkets/Hypermarkets
4.2.3.2. Convenience Stores
4.2.3.3. Specialty Stores
4.2.3.4. Online Retail
4.2.3.5. Others
5. Competitive Landscape
5.1. List of Key Players and Their Range
5.2. Saudi Arabia Sea Food Company Market Share Analysis, 2021
5.3. Competitive Benchmarking, By Operating Parameters
5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
6. Impact of Covid-19 on Saudi Arabia Sea Food Market Industry
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
7.1. Sealand
7.2. Arab Fisheries CO.
7.3. National Aquaculture Group
7.4. Izafco LLC
7.5. Saudi Fisheries Company
7.6. Fitkar International Trading Company
7.7. King Fisheries Est. Jubail
7.8. Rubban Fisheries Trading Company
7.9. Uzma TE
7.10. Zuhair Al Madani Food Trading
7.11. Other prominent players
8. Key Strategic Recommendations
9. Research Methodology
9.1. Qualitative Research
9.1.1. Primary & Secondary Research
9.2. Quantitative Research
9.3. Market Breakdown & Data Triangulation
9.3.1. Secondary Research
9.3.2. Primary Research
9.4. Breakdown of Primary Research Respondents, By Region
9.5. Assumption & Limitation
*Financial information of case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
LOF
Figure 1 Saudi Arabia Seafood Segmentation
Figure 2 Saudi Arabia Seafood Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2021
Figure 4 Saudi Arabia Seafood Market Size, By Value (USD Million), 2018–2028
Figure 5 Saudi Arabia Seafood Market Share, By Type, By Value, 2018–2028
Figure 6 Saudi Arabia Seafood Market Share, By Category, By Value, 2018–2028
Figure 7 Saudi Arabia Seafood Market Share, By Distribution Channel, By Value, 2018–2028
LOT
Table 1 GCC Seafood Market Size, By Type, By Value, 2018–2028
Table 2 GCC Seafood Market Size, By Category, By Value, 2018–2028
Table 3 GCC Seafood Market Size, By Distribution Channel, By Value, 2018–2028
Table 4 Sealand Company Overview
Table 5 Sealand Financial Overview
Table 6 Arab Fisheries CO. Company Overview
Table 7 Arab Fisheries CO. Financial Overview
Table 8 National Aquaculture Group Company Overview
Table 9 National Aquaculture Group Financial Overview
Table 10 Izafco LLC Company Overview
Table 11 Izafco LLC Financial Overview
Table 12 Saudi Fisheries Company Overview
Table 13 Saudi Fisheries Company Financial Overview
Table 14 Fitkar International Trading Company Overview
Table 15 Fitkar International Trading Company Financial Overview
Table 16 King Fisheries Est. Jubail Company Overview
Table 17 King Fisheries Est. Jubail Financial Overview
Table 18 Rubban Fisheries Trading Company Overview
Table 19 Rubban Fisheries Trading Company Financial Overview
Table 20 Uzma TE Company Overview
Table 21 Uzma TE Financial Overview
Table 22 Zuhair Al Madani Food Trading Company Overview
Table 23 Zuhair Al Madani Food Trading Financial Overview

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