Saudi Arabia Shrimp Market, By Species (Gulf Shrimps, Farmed White leg Shrimps, Banded Coral Shrimps, Royal Red Shrimp, Giant Tiger Shrimps, Blue Shrimps, Ocean Shrimps); By Form (Frozen, Canned, Breaded, Peeled, Cooked, Shell-On); By Distribution Channel

Saudi Arabia Shrimp Market, By Species (Gulf Shrimps, Farmed White leg Shrimps, Banded Coral Shrimps, Royal Red Shrimp, Giant Tiger Shrimps, Blue Shrimps, Ocean Shrimps); By Form (Frozen, Canned, Breaded, Peeled, Cooked, Shell-On); By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Channels), Trend Analysis, Competitive Landscape & Forecast, 2022–2028

Saudi Arabia Shrimp Market Size to Grow at a Steady CAGR of 5.4% during 2022–2028
Saudi Arabia shrimp market is flourishing because of an increasing consumption of shrimps, emergence of various cuisines, and growing awareness of health benefits of shrimps.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Saudi Arabia shrimp market size to grow at a CAGR of 5.4% during the forecast period between 2022 and 2028. Saudi Arabia shrimp market is booming because of a surging demand of seafood and emerging new cuisines worldwide. The convenient accessibility of processed and frozen shrimp products, which are inexpensive and help to reduce preparation time, is providing market players with lucrative growth potential. Moreover, increasing awareness of health benefits of shrimps such as lowering the risk of cardiovascular diseases, increasing bone and brain health, assisting weight reduction, soothing eye tiredness, and lowering blood pressure are bolstering market expansion in the region. Additionally, economic expansion as well as shifting dietary patterns, particularly among urban consumers, are now propelling the region's shrimp industry. Consumers in Saudi Arabia are migrating toward protein-based diets and, as a result, including animal protein into their normal meal plan. However, restriction in distribution chains to preserve the natural flavor of the shrimp is expected to impede the overall market expansion.

Saudi Arabia Shrimp Market – Overview
A shrimp is a tiny crustacean found on the seabed. Shrimp species, such as white leg shrimp, monster tiger shrimps, inlet shrimps, blue shrimps, and regal ruddy shrimps, are the most popular varieties consumed worldwide. Shrimp farmers are gradually beginning to employ technology to help monitor output and verify the shrimp are disease-free. Technology, such as closed recirculating systems, is assisting farmers in increasing their income, improving crop yields, and forecasting diseases. As a result, a rise in government initiatives is projected to result in increased prospects for the shrimp industry during the projection period.
Saudi Arabia Shrimp Market - By Distribution Channels
Based on distribution channels, Saudi Arabia Shrimp Market is divided into Hypermarkets and Supermarkets, Convenience Stores, Specialty Stores, and Online Channels. The online channels segment is expected to hold the highest market share due to the increasing consumption of Frozen Shrimps products and Online Channels have a wide availability of different frozen shrimp products, as well as evolving consumer purchasing patterns, and reduced price grabs consumers' interest to purchase through E-Commerce, which in turn reinforces the expansion of the Saudi Arabia Shrimps Market during the forecast period.
Impact of COVID-19 on Saudi Arabia Shrimp Market
COVID-19 pandemic had a detrimental effect on the foodservice industry, causing company activity to decline by 80-90%. As a result of pandemic-related lockdowns, curfews, and other social distance control measures, retail sales of shrimp soared considerably in several areas. Travel restrictions have been imposed throughout all main regions, severely affecting the shrimp industry's distribution channel structure. In 2020, the COVID-19 pandemic had substantially reduced Saudi Arabia shrimp output, with global demand for fresh and frozen shrimp had also declined significantly. Furthermore, coronavirus is expected to have an ongoing impact on the aquaculture industry and market. Despite the challenges, following the Covid-19 pandemic, consumers have become conscious of health and wellbeing, which improves their purchasing habits and raises concerns about the food they eat. As a result, there has been an increase in demand for nutritional, immunity-boosting, and beneficial shrimp food products. Therefore, these factors are expected to propel the expansion of Saudi Arabia shrimp market.
Competitive Landscape
Saudi Arabia shrimp market is highly competitive. Major companies in the market include National Aquaculture Group, Sealand, Arab Fisheries CO., Fitkar International Trading Company, Rubban Fisheries Trading Company, Zuhair Al Madani Food Trading, Global Food Industries LLC, Shrimp Sales, Sami Hamad Est, and Al Faisal Fisheries Co. To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, market initiatives, mergers and acquisitions, and other collaborative activities.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics Saudi Arabia Shrimp Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Shrimp 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 Shrimp Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Surging demand of shrimps by consumers
3.2.1.2. New cuisines and craze around fresh shrimps
3.2.2. Restraints
3.2.2.1. Limitation in distribution chains to preserve the natural flavor of the shrimp
3.2.3. Opportunities
3.2.3.1. Rising initiatives by various organizations toward the adoption and consumption of sustainable seafood
3.2.4. Challenges
3.2.4.1. Disruption in supply chains and distribution channels
3.3. Technology 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 Shrimp 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 Species
4.2.1.1. Gulf Shrimps
4.2.1.2. Farmed White leg Shrimps
4.2.1.3. Banded Coral Shrimps
4.2.1.4. Royal Red Shrimp
4.2.1.5. Giant Tiger Shrimps
4.2.1.6. Blue Shrimps
4.2.1.7. Ocean Shrimps
4.2.2. By Form
4.2.2.1. Frozen
4.2.2.2. Canned
4.2.2.3. Breaded
4.2.2.4. Peeled
4.2.2.5. Cooked
4.2.2.6. Shell-On
4.2.2.7. 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 Channels
4.2.3.5. Others
5. Competitive Landscape
5.1. List of Key Players and Their Range
5.2. Saudi Arabia Shrimp Company Market Share Analysis, 2021
5.3. Competitive Benchmarking, By Operating Parameters
5.4. Key Strategic Development (Merger, Acquisition, Partnership, and others)
6. Impact of Covid-19 on Saudi Arabia Shrimp Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
7.1. National Aquaculture Group
7.2. Sealand
7.3. Arab Fisheries CO.
7.4. Fitkar International Trading Company
7.5. Rubban Fisheries Trading Company
7.6. Zuhair Al Madani Food Trading
7.7. Global Food Industries LLC
7.8. Shrimp Sales
7.9. Sami Hamad Est
7.10. Al Faisal Fisheries Co
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.
List of
Figures
Figure 1 Saudi Arabia Shrimp Market Segmentation
Figure 2 Saudi Arabia Shrimp Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2021
Figure 4 Saudi Arabia Shrimp Market Size, By Value (USD Million), 2018–2028
Figure 5 Saudi Arabia Shrimp Market Share, By Species, By Value, 2018–2028
Figure 6 Saudi Arabia Shrimp Market Share, By Form, By Value, 2018–2028
Figure 7 Saudi Arabia Shrimp Market Share, By Distribution Channel, By Value, 2018–2028
List of
Tables
Table 1 Saudi Arabia Shrimp Market Size, By Species, By Value, 2018–2028
Table 2 Saudi Arabia Shrimp Market Size, By Form, By Value, 2018–2028
Table 3 Saudi Arabia Shrimp Market Size, By Distribution Channel, By Value, 2018–2028
Table 4 National Aquaculture Group Company Overview
Table 5 National Aquaculture Group Financial Overview
Table 6 Sealand Company Overview
Table 7 Sealand Financial Overview
Table 8 Arab Fisheries CO. Company Overview
Table 9 Arab Fisheries CO. Financial Overview
Table 10 Fitkar International Trading Company Company Overview
Table 11 Fitkar International Trading Company Financial Overview
Table 12 Rubban Fisheries Trading Company Company Overview
Table 13 Rubban Fisheries Trading Company Financial Overview
Table 14 Zuhair Al Madani Food Trading Company Overview
Table 15 Zuhair Al Madani Food Trading Financial Overview
Table 16 Global Food Industries LLC Company Overview
Table 17 Global Food Industries LLC Financial Overview
Table 18 Shrimp Sales Company Overview
Table 19 Shrimp Sales Financial Overview
Table 20 Sami Hamad Est Company Overview
Table 21 Sami Hamad Est Financial Overview
Table 22 Al Faisal Fisheries Co Company Overview
Table 23 Al Faisal Fisheries Co Financial Overview

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