UAE Aquaculture Market, By Type (Land Based Aquaculture v/s Sea Based Aquaculture), By Species (Pelagic Fish, Demersal Fish, Freshwater Fish), By Production Type (Small Scale v/s Medium & Large Scale), By Distribution Channel (Traditional Retail, Supermar

UAE Aquaculture Market, By Type (Land Based Aquaculture v/s Sea Based Aquaculture), By Species (Pelagic Fish, Demersal Fish, Freshwater Fish), By Production Type (Small Scale v/s Medium & Large Scale), By Distribution Channel (Traditional Retail, Supermarkets and Hypermarkets, Specialized Retailers, Online Stores, Others), By Region, Competition Forecast & Opportunities, 2017-2027

The UAE aquaculture market is projected to grow at a formidable rate during the forecast period. The market growth can be attributed to the growing demand for seafood and changes in the food consumption patterns of people. Aquaculture is the practice of rearing, breeding, and harvesting aquatic plants and animals in an artificial environment. Industries are actively utilizing aquaculture activities to conserve species and provide high-quality and disease-free fish to consumers, which is expected to fuel the market growth. Besides, a rise in the availability of packaged aquaculture products through various sales channels are propelling the market growth. Rising fish consumption for its nutritional value across various end-user industries such as food & beverages, pharmaceuticals, nutraceuticals, etc., and the trend for smart fishing are also boosting the UAE aquaculture market. Emerging needs for innovative solutions in the food & beverage sectors and robust growth of marine and associated sectors are also driving the adoption of aquaculture. Consumers are inclining their food preferences towards organic seafood-based products, and the increasing utility of aquatic animals and substances in food service sectors is contributing to the market growth. Government schemes such as National Aquaculture Pulse and the surge in demand for food security are positively impacting the UAE aquaculture market. The growing market for farm fresh and frozen products and evolving e-commerce sector offering varieties of fish and other seafood products are anticipated to support the growth of UAE aquaculture market. Moreover, rising demand to reduce the imports to decrease the cost of seafood and technological advancements in the freight movements and logistics are expected to influence the aquaculture market in the UAE. Furthermore, the introduction of technologically advanced equipment to monitor water, analyze marine life behavior, and manage facility logistics are also estimated to drive market growth.

The UAE aquaculture market is segmented by type, species, production type, distribution channel, competitional landscape, and regional distribution. By species, the market is further segmented into pelagic fish, demersal fish, and freshwater fish. The freshwater fish segment is expected to hold a dominant share in the UAE aquaculture market owing to constantly evolving technical advancements in the fresh environment aquaculture and rising demand for fishes in the food & beverage sector.

Leading players in the UAE aquaculture market are Sheikh Khalifa Marine Research Centre, Al Jaraf Fisheries LLC, Fish Farm LLC, Alwathba Investment LLC (Emirates Fish Farms), Aquaculture and Marine Studies Center at Abu Al Abyad Island, among others.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022E

Forecast Period: 2023F–2027F

Objective of the Study:

• To analyze and forecast the market size of UAE aquaculture market.
• To classify and forecast UAE aquaculture market based on type,species, production type, distribution channel, region, and company.
• To identify drivers and challenges for UAE aquaculture market.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., in UAE aquaculture market.
• To identify and analyze the profile of leading players operating in UAE aquaculture market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, end users and presence of all major players across the country.

TechSci Research calculated the market size of UAE aquaculture market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these services for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Aquaculture service provider companies
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances related to aquaculture
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service provider companies, channel partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, UAE aquaculture market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• UAE Aquaculture Market, By Type:
• Land Based Aquaculture
• Sea Based Aquaculture
• UAE Aquaculture Market, By Species:
• Pelagic Fish
• Demersal Fish
• Freshwater Fish
• UAE Aquaculture Market, By Production Type:
• Small Scale
• Medium & Large Scale
• UAE Aquaculture Market, By Distribution Channel:
• Traditional Retail
• Supermarkets and Hypermarkets
• Specialized Retailers
• Online Stores
• Others
• UAE Aquaculture Market, By Region:
• Abu Dhabi
• Dubai
• Sharjah
• Rest of UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in UAE aquaculture market.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Companies Mentioned

1.Sheikh Khalifa Marine Research Centre
2.Al Jaraf Fisheries LLC
3.Fish Farm LLC
4.Alwathba Investment LLC (Emirates Fish Farms)
5.Aquaculture and Marine Studies Center at Abu Al Abyad island

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