Middle East Seafood Market Size
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2029 |
|
Market Size (2024) | USD 21.73 Billion |
|
|
Market Size (2029) | USD 23.85 Billion |
|
Largest Share by Type | Fish |
|
|
CAGR (2024 - 2029) | 1.88 % |
|
Largest Share by Country | United Arab Emirates |
|
|
Market Concentration | Low |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in alphabetical order. |
Middle East Seafood Market Analysis
The Middle East Seafood Market size is estimated at 21.73 billion USD in 2024, and is expected to reach 23.85 billion USD by 2029, growing at a CAGR of 1.88% during the forecast period (2024-2029).
21.73 Billion
Market Size in 2024 (USD)
23.85 Billion
Market Size in 2029 (USD)
2.67 %
CAGR (2017-2023)
1.88 %
CAGR (2024-2029)
Largest Segment by Type
64.64 %
value share, Fish, 2023
The region's demand for fish is fueled by a range of factors, including fish's lower price, greater nutritional value, and ease of availability due to increased production.
Largest Segment by Country
6.30 %
value share, United Arab Emirates, 2023
UAE dominates the market as there is a growing demand for organic fish, that is being driven by high-income immigrants and buyers who support sustainable seafood.
Fastest-growing Segment by Type
3.57 %
Projected CAGR, Shrimp, 2024-2029
Regional government adding an effort to increase the local production of shrimps in Bahrain, Saudi Arabia, UAE, and others for makes shrimp a promising market segment.
Fastest-growing Segment by Country
2.44 %
Projected CAGR, Bahrain, 2024-2029
The surging sales of fish is driving the Bahrain market. Local consumers favor domestic seafood because they believe it is sustainably farmed and of acceptable quality.
Leading Market Player
0.35 %
market share, The Deep Seafood Company, 2022
The company provides a wide range of premium quality fish products to consumers through its extensive distribution network to ensure the freshness and quality of its products.
Saudi Arabia dominates the regional market with the assistance of strategic investments and partnerships
- In 2022, fish occupied the largest market share by value and volume among all other seafood variants. The sales value grew at a CAGR of 2.37% during 2017-2022. The increasing health consciousness among the majority of the population and preference toward a nutrient and protein-rich diet without added cholesterol components is leading consumers to spend more on different varieties of fish like sardines, salmon, and tuna. Apart from hosting extensive desert lands, the Middle East comprises miles of coastline that assist in the growth of local fisheries.
- Shrimp is projected to be the fastest-growing seafood segment in the Middle East, both by value and volume, during the forecast period. Most of the shrimp is imported from Asian countries like India, Pakistan, and China. Shrimps are one of the ideal choices for consumers opting for a protein-rich weight loss diet. Obesity is a pressing issue in the Middle East, with Kuwait, Jordan, and Saudi Arabia having more than 25% of their population identified as obese as of 2023, expanding the opportunity for the shrimp industry to flourish in the region.
- Saudi Arabia is one of the most significant countries in the region, occupying one of the highest market shares by value and volume in the market during the study period. The Kingdom launched the National Fisheries Development Program as a part of its Vision 2030 to raise a fund of USD 4 billion in 2022. This fund was raised to increase infrastructure and develop the workforce for inland fisheries cultivation. The United Arab Emirates proposed fuel subsidies to its fishing sector to reduce operating costs in 2022, partnering with the UAE Ministry of Climate Change and the Environment, Abu Dhabi National Oil Company, and Emirates National Oil Company.
Understand The Key Trends Shaping This Market
Download PDF
Increasing private sector investments in seafood production driving demand in the regional market
- The United Arab Emirates is the leader in the Middle Eastern seafood market. The country's seafood consumption per person has increased, reaching 25.50 kg in 2021, ranking second only to Oman's 29.01 kg. The demand for seafood products is being driven by an expanding population with rising income levels and a growing appetite for fish. Nearly 90% of the Emirati population comprises immigrants, and typical meals in these migrants' home countries often include seafood products. Indians make up over 40% of the total population in the United Arab Emirates, followed by Indonesians, Bangladeshis, etc.
- Saudi Arabia intends to produce 300,000 metric tons of fish by 2025 and 600,000 metric tons by 2030. The aquaculture industry's pre-harvest, production, and post-harvest segments have seen a sharp increase in private sector investments as a result of these initiatives. Saudi Arabia's partnership with the Network of Aquaculture Centers in Asia-Pacific (NASA) would also greatly increase its seafood production. The higher availability of seafood is expected to boost the local demand further.
- Bahrain is projected to register the fastest CAGR of 5.11% by value during the forecast period. Fish farming is a crucial industry that the government relies on to ensure food security, as marine products comprise key food items in Bahrain. In 2021, six plots of land were identified as candidates to boost agricultural production and fish farming as part of efforts to ensure the country's food security. The move is expected to achieve 50-62% self-sufficiency in fish production. Investing in fish farming has many benefits, such as reducing the pressure on natural resources and releasing fish fingerlings raised on farms into the wild to restock Bahrain鈥檚 population.
Middle East Seafood Market Trends
Production in the region is anticipated to grow due to self-sufficiency initiatives implemented by governments
- Saudi Arabia is the largest fish producer in the Middle East, producing 37,40,39,539 tons of fish in 2022. Fish production in Saudi Arabia increased by 6.48% from 2016 to 2022, followed by the United Arab Emirates, with 24,02,44,330 tons in 2022. Fish production increased gradually from 2021 to 2022, mainly due to the government's focus on fisheries. Governments are boosting opportunities to involve the private sector in fisheries. A unique program, the National Fisheries Development Program, aims to enhance the fisheries sector's contribution to GDP and increase the productivity of the aquaculture sector to 600 thousand tons in stages from 15 years to 2030. Regional centers for fishing academies have also been established to support fisheries. Over USD 80 million was invested in the research activities of fish to enhance production capabilities.
- Countries like the UAE have the highest annual per capita fish consumption in the Gulf Cooperation Council (GCC), which is nearly 50% higher than the global average. Despite rapid economic growth, the UAE's local fisheries are overfished, and local fish account for only 8% of UAE consumption.
- Fish production is projected to increase sustainably from 2023 to 2029. Support from the private sector and identification of fisheries for enhanced development, new partnerships with stakeholders and subsidies for fisheries, and the development of 3,000 fisheries with resource persons may help increase the production and productivity of fisheries from 2022. For instance, in 2021, NEOM Company and Tabuk Fish Company signed a memorandum of understanding to expand local aquaculture production and apply the new generation of aquaculture technologies in the NEOM region of Saudi Arabia.
Understand The Key Trends Shaping This Market
Download PDF
Prices are rising due to the high dependency on imports
- In 2022, the United Arab Emirates had the highest fish prices compared to Saudi Arabia and the Rest of the Middle East, with the price difference being around USD 4,022 per ton. The difference was mainly due to more subsidies on fuel, infrastructure, and other associated costs by the Saudi Arabian government. It also has the added advantage of a 2,640 km coastline. The retail price range for United Arab Emirates (UAE) fish in June 2023 was between USD 4 and USD 20 per kg or between USD 1.81 and USD 9.07 per pound (lb). The prices in the Middle East increased mainly due to high demand, which exceeded the supply. The local fish supply decreased, and local production was hampered due to unfavorable climatic conditions in 2020 and 2021. The system of daily auctions for fish sales by fishermen enables buyers to strike good deals with them and resell their goods at higher prices, thus directly increasing retail consumer fish prices.
- From 2021 to 2022, fish prices increased by around 0.96%, from USD 3,043 to USD 3,072. The rising fish prices are mainly due to increasing oil prices and rising inflation. To curb this increase, the governments are launching relief measures, such as the UAE government doubling the budget to support low-income families in the country. Saudi Arabia鈥檚 King announced USD 5.33 billion for direct cash transfers and stockpiling. Fish prices may record a sustainable growth rate during the forecast period (2023-2029). Many public and private partnerships are being undertaken to enhance the production of fisheries in the Middle East. Saudi Arabia spent USD 80 million on research and planning to develop fish cultivation inland with master trainers to increase production, which may help with constant prices.
Understand The Key Trends Shaping This Market
Download PDF
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increasing production initiatives to stabilize the prices during the forecast period
Middle East Seafood Industry Overview
The Middle East Seafood Market is fragmented, with the top five companies occupying 0.74%. The major players in this market are Blue Island PLC, National Fishing Company K.S.C., Oman Fisheries Co. SAOG, Sea Pride LLC and The Deep Seafood Company (sorted alphabetically).
Middle East Seafood Market Leaders
Blue Island PLC
National Fishing Company K.S.C.
Oman Fisheries Co. SAOG
Sea Pride LLC
The Deep Seafood Company
Other important companies include Albatha Group, Almunajem Foods, Enhance Group Holding Company Limited, Thomsun Group, Yamama Al-Baida Gen. Trading & Cont. Est..
*Disclaimer: Major Players sorted in alphabetical order.
Need More Details on Market Players and Competitors?
Download PDF
Middle East Seafood Market News
- May 2022: Gulf Japan Food Fund has invested in Oman Fisheries Co SAOG. This help to take Oman Fisheries' capability to expand its footprint across the global markets.
- February 2022: Asmak announced a strategic distribution agreement with Fish Farm, a UAE-based aquaculture company. Under this agreement, Asmak distributes fish farm products to capture a wider audience locally and regionally through its processing facility and strong distribution channels, including wholesale, foodservice, and retail.
Free with this Report
We offer a comprehensive and exhaustive set of data pointers. These cover global, regional, and country-level metrics that illustrate the fundamentals of the meat and meat substitutes industry. Clients can access in-depth market analysis through 45+ free charts. This analysis is based on the production of various meat and seafood types, as well as the prices of meat, meat substitutes, and different seafood types. We provide granular-level segmental information, supported by a repository of market data, trends, and expert analysis. Data and analysis on meat types, seafood types, meat substitute types, forms, distribution channels, and more are available. These are provided in the form of comprehensive reports as well as Excel-based data worksheets.
Middle East Seafood Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study鈥�
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Price Trends
2.1.1. Fish
2.1.2. Shrimp
2.2. Production Trends
2.2.1. Fish
2.3. Regulatory Framework
2.3.1. Saudi Arabia
2.3.2. United Arab Emirates
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)
3.1. Type
3.1.1. Fish
3.1.2. Shrimp
3.1.3. Other Seafood
3.2. Form
3.2.1. Canned
3.2.2. Fresh / Chilled
3.2.3. Frozen
3.2.4. Processed
3.3. Distribution Channel
3.3.1. Off-Trade
3.3.1.1. Convenience Stores
3.3.1.2. Online Channel
3.3.1.3. Supermarkets and Hypermarkets
3.3.1.4. Others
3.3.2. On-Trade
3.4. Country
3.4.1. Bahrain
3.4.2. Kuwait
3.4.3. Oman
3.4.4. Qatar
3.4.5. Saudi Arabia
3.4.6. United Arab Emirates
3.4.7. Rest of Middle East
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)
4.4.1. Albatha Group
4.4.2. Almunajem Foods
4.4.3. Blue Island PLC
4.4.4. Enhance Group Holding Company Limited
4.4.5. National Fishing Company K.S.C.
4.4.6. Oman Fisheries Co. SAOG
4.4.7. Sea Pride LLC
4.4.8. The Deep Seafood Company
4.4.9. Thomsun Group
4.4.10. Yamama Al-Baida Gen. Trading & Cont. Est.
5. KEY STRATEGIC QUESTIONS FOR SEAFOOD INDUSTRY CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter鈥檚 Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- FISH PRICE PER METRIC TON, USD, MIDDLE EAST, 2017 - 2023
- Figure 2:
- SHRIMP PRICE PER METRIC TON, USD, MIDDLE EAST, 2017 - 2023
- Figure 3:
- FISH PRODUCTION, METRIC TON, MIDDLE EAST, 2017 - 2029
- Figure 4:
- VOLUME OF SEAFOOD MARKET, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 5:
- VALUE OF SEAFOOD MARKET, USD, MIDDLE EAST, 2017 - 2029
- Figure 6:
- VOLUME OF SEAFOOD MARKET BY TYPE, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 7:
- VALUE OF SEAFOOD MARKET BY TYPE, USD, MIDDLE EAST, 2017 - 2029
- Figure 8:
- VOLUME SHARE OF SEAFOOD MARKET SPLIT BY TYPE, %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 9:
- VALUE SHARE OF SEAFOOD MARKET SPLIT BY TYPE, %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 10:
- VOLUME OF FISH MARKET, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 11:
- VALUE OF FISH MARKET, USD, MIDDLE EAST, 2017 - 2029
- Figure 12:
- VALUE SHARE OF FISH SEAFOOD MARKET SPLIT BY FORM, %, MIDDLE EAST, 2022 VS 2029
- Figure 13:
- VOLUME OF SHRIMP MARKET, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 14:
- VALUE OF SHRIMP MARKET, USD, MIDDLE EAST, 2017 - 2029
- Figure 15:
- VALUE SHARE OF SHRIMP SEAFOOD MARKET SPLIT BY FORM, %, MIDDLE EAST, 2022 VS 2029
- Figure 16:
- VOLUME OF OTHER SEAFOOD MARKET, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 17:
- VALUE OF OTHER SEAFOOD MARKET, USD, MIDDLE EAST, 2017 - 2029
- Figure 18:
- VALUE SHARE OF OTHER SEAFOOD SEAFOOD MARKET SPLIT BY FORM, %, MIDDLE EAST, 2022 VS 2029
- Figure 19:
- VOLUME OF SEAFOOD MARKET BY FORM, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 20:
- VALUE OF SEAFOOD MARKET BY FORM, USD, MIDDLE EAST, 2017 - 2029
- Figure 21:
- VOLUME SHARE OF SEAFOOD MARKET SPLIT BY FORM, %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 22:
- VALUE SHARE OF SEAFOOD MARKET SPLIT BY FORM, %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 23:
- VOLUME OF CANNED SEAFOOD MARKET, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 24:
- VALUE OF CANNED SEAFOOD MARKET, USD, MIDDLE EAST, 2017 - 2029
- Figure 25:
- VALUE SHARE OF CANNED SEAFOOD MARKET SPLIT BY TYPE, %, MIDDLE EAST, 2022 VS 2029
- Figure 26:
- VOLUME OF FRESH / CHILLED SEAFOOD MARKET, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 27:
- VALUE OF FRESH / CHILLED SEAFOOD MARKET, USD, MIDDLE EAST, 2017 - 2029
- Figure 28:
- VALUE SHARE OF FRESH / CHILLED SEAFOOD MARKET SPLIT BY TYPE, %, MIDDLE EAST, 2022 VS 2029
- Figure 29:
- VOLUME OF FROZEN SEAFOOD MARKET, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 30:
- VALUE OF FROZEN SEAFOOD MARKET, USD, MIDDLE EAST, 2017 - 2029
- Figure 31:
- VALUE SHARE OF FROZEN SEAFOOD MARKET SPLIT BY TYPE, %, MIDDLE EAST, 2022 VS 2029
- Figure 32:
- VOLUME OF PROCESSED SEAFOOD MARKET, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 33:
- VALUE OF PROCESSED SEAFOOD MARKET, USD, MIDDLE EAST, 2017 - 2029
- Figure 34:
- VALUE SHARE OF PROCESSED SEAFOOD MARKET SPLIT BY TYPE, %, MIDDLE EAST, 2022 VS 2029
- Figure 35:
- VOLUME OF SEAFOOD MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 36:
- VALUE OF SEAFOOD MARKET BY DISTRIBUTION CHANNEL, USD, MIDDLE EAST, 2017 - 2029
- Figure 37:
- VOLUME SHARE OF SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 38:
- VALUE SHARE OF SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 39:
- VOLUME OF SEAFOOD MARKET SOLD VIA OFF-TRADE, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 40:
- VALUE OF SEAFOOD MARKET SOLD VIA OFF-TRADE, USD, MIDDLE EAST, 2017 - 2029
- Figure 41:
- VOLUME OF SEAFOOD MARKET SOLD VIA OFF-TRADE CHANNELS, %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 42:
- VALUE OF SEAFOOD MARKET SOLD VIA OFF-TRADE CHANNELS, %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 43:
- VOLUME OF SEAFOOD MARKET SOLD VIA CONVENIENCE STORES, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 44:
- VALUE OF SEAFOOD MARKET SOLD VIA CONVENIENCE STORES, USD, MIDDLE EAST, 2017 - 2029
- Figure 45:
- VALUE SHARE OF SEAFOOD MARKET SOLD VIA CONVENIENCE STORES SPLIT BY TYPE, %, MIDDLE EAST, 2022 VS 2029
- Figure 46:
- VOLUME OF SEAFOOD MARKET SOLD VIA ONLINE CHANNEL, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 47:
- VALUE OF SEAFOOD MARKET SOLD VIA ONLINE CHANNEL, USD, MIDDLE EAST, 2017 - 2029
- Figure 48:
- VALUE SHARE OF SEAFOOD MARKET SOLD VIA ONLINE CHANNEL SPLIT BY TYPE, %, MIDDLE EAST, 2022 VS 2029
- Figure 49:
- VOLUME OF SEAFOOD MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 50:
- VALUE OF SEAFOOD MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, USD, MIDDLE EAST, 2017 - 2029
- Figure 51:
- VALUE SHARE OF SEAFOOD MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS SPLIT BY TYPE, %, MIDDLE EAST, 2022 VS 2029
- Figure 52:
- VOLUME OF SEAFOOD MARKET SOLD VIA OTHERS, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 53:
- VALUE OF SEAFOOD MARKET SOLD VIA OTHERS, USD, MIDDLE EAST, 2017 - 2029
- Figure 54:
- VALUE SHARE OF SEAFOOD MARKET SOLD VIA OTHERS SPLIT BY TYPE, %, MIDDLE EAST, 2022 VS 2029
- Figure 55:
- VOLUME OF SEAFOOD MARKET SOLD VIA ON-TRADE, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 56:
- VALUE OF SEAFOOD MARKET SOLD VIA ON-TRADE, USD, MIDDLE EAST, 2017 - 2029
- Figure 57:
- VOLUME OF SEAFOOD MARKET BY COUNTRY, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 58:
- VALUE OF SEAFOOD MARKET BY COUNTRY, USD, MIDDLE EAST, 2017 - 2029
- Figure 59:
- VOLUME SHARE OF SEAFOOD MARKET SPLIT BY COUNTRY, %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 60:
- VALUE SHARE OF SEAFOOD MARKET SPLIT BY COUNTRY, %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 61:
- VOLUME OF SEAFOOD MARKET, METRIC TONS, BAHRAIN, 2017 - 2029
- Figure 62:
- VALUE OF SEAFOOD MARKET, USD, BAHRAIN, 2017 - 2029
- Figure 63:
- VALUE SHARE OF SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, BAHRAIN, 2022 VS 2029
- Figure 64:
- VOLUME OF SEAFOOD MARKET, METRIC TONS, KUWAIT, 2017 - 2029
- Figure 65:
- VALUE OF SEAFOOD MARKET, USD, KUWAIT, 2017 - 2029
- Figure 66:
- VALUE SHARE OF SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, KUWAIT, 2022 VS 2029
- Figure 67:
- VOLUME OF SEAFOOD MARKET, METRIC TONS, OMAN, 2017 - 2029
- Figure 68:
- VALUE OF SEAFOOD MARKET, USD, OMAN, 2017 - 2029
- Figure 69:
- VALUE SHARE OF SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, OMAN, 2022 VS 2029
- Figure 70:
- VOLUME OF SEAFOOD MARKET, METRIC TONS, QATAR, 2017 - 2029
- Figure 71:
- VALUE OF SEAFOOD MARKET, USD, QATAR, 2017 - 2029
- Figure 72:
- VALUE SHARE OF SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, QATAR, 2022 VS 2029
- Figure 73:
- VOLUME OF SEAFOOD MARKET, METRIC TONS, SAUDI ARABIA, 2017 - 2029
- Figure 74:
- VALUE OF SEAFOOD MARKET, USD, SAUDI ARABIA, 2017 - 2029
- Figure 75:
- VALUE SHARE OF SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, SAUDI ARABIA, 2022 VS 2029
- Figure 76:
- VOLUME OF SEAFOOD MARKET, METRIC TONS, UNITED ARAB EMIRATES, 2017 - 2029
- Figure 77:
- VALUE OF SEAFOOD MARKET, USD, UNITED ARAB EMIRATES, 2017 - 2029
- Figure 78:
- VALUE SHARE OF SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, UNITED ARAB EMIRATES, 2022 VS 2029
- Figure 79:
- VOLUME OF SEAFOOD MARKET, METRIC TONS, REST OF MIDDLE EAST, 2017 - 2029
- Figure 80:
- VALUE OF SEAFOOD MARKET, USD, REST OF MIDDLE EAST, 2017 - 2029
- Figure 81:
- VALUE SHARE OF SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, REST OF MIDDLE EAST, 2022 VS 2029
- Figure 82:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, MIDDLE EAST, 2020 - 2023
- Figure 83:
- MOST ADOPTED STRATEGIES, COUNT, MIDDLE EAST, 2020 - 2023
- Figure 84:
- VALUE SHARE OF MAJOR PLAYERS, %, MIDDLE EAST, 2022
Middle East Seafood Industry Segmentation
Fish, Shrimp are covered as segments by Type. Canned, Fresh / Chilled, Frozen, Processed are covered as segments by Form. Off-Trade, On-Trade are covered as segments by Distribution Channel. Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates are covered as segments by Country.
- In 2022, fish occupied the largest market share by value and volume among all other seafood variants. The sales value grew at a CAGR of 2.37% during 2017-2022. The increasing health consciousness among the majority of the population and preference toward a nutrient and protein-rich diet without added cholesterol components is leading consumers to spend more on different varieties of fish like sardines, salmon, and tuna. Apart from hosting extensive desert lands, the Middle East comprises miles of coastline that assist in the growth of local fisheries.
- Shrimp is projected to be the fastest-growing seafood segment in the Middle East, both by value and volume, during the forecast period. Most of the shrimp is imported from Asian countries like India, Pakistan, and China. Shrimps are one of the ideal choices for consumers opting for a protein-rich weight loss diet. Obesity is a pressing issue in the Middle East, with Kuwait, Jordan, and Saudi Arabia having more than 25% of their population identified as obese as of 2023, expanding the opportunity for the shrimp industry to flourish in the region.
- Saudi Arabia is one of the most significant countries in the region, occupying one of the highest market shares by value and volume in the market during the study period. The Kingdom launched the National Fisheries Development Program as a part of its Vision 2030 to raise a fund of USD 4 billion in 2022. This fund was raised to increase infrastructure and develop the workforce for inland fisheries cultivation. The United Arab Emirates proposed fuel subsidies to its fishing sector to reduce operating costs in 2022, partnering with the UAE Ministry of Climate Change and the Environment, Abu Dhabi National Oil Company, and Emirates National Oil Company.
| Type | |
| Fish | |
| Shrimp | |
| Other Seafood |
| Form | |
| Canned | |
| Fresh / Chilled | |
| Frozen | |
| Processed |
| Distribution Channel | ||||||
| ||||||
| On-Trade |
| Country | |
| Bahrain | |
| Kuwait | |
| Oman | |
| Qatar | |
| Saudi Arabia | |
| United Arab Emirates | |
| Rest of Middle East |
Need A Different Region Or Segment?
Customize Now
Market Definition
- Frozen / Canned Seafood - Frozen seafood are products whose average temperature is reduced to -18 掳 C or lower to preserve the inherent quality of the fresh fish. Then it is kept at a temperature of -18 掳 C or lower to maintain its shelf life.鈥�
- Processed Seafood - Processed seafood are the ones that have been cured, salted, marinated, dried, pickled, fermented or smoked for human consumption. 鈥�
- Seafood - It contains marine species that can be consumed, particularly fish and shelled marine life.鈥�
- Shrimp - Shrimp are swimming crustaceans. They have long, slender muscles in their abdomens and lengthy antennae.鈥�
| Keyword | Definition |
|---|---|
| A5 | It is a Japanese grading system for beef. The 'A' means the carcass yield is the highest possible and the numeric rating relates to beef marbling, color and brightness of the flesh, its texture and color, luster, and fat quality. A5 is the highest mark wagyu beef can score. |
| Abbatoir | It is another name for a slaughterhouse and refers to the premise used for or in connection with the slaughter of animals whose meat is intended for human consumption. |
| Acute Hepatopancreatic Necrosis Disease (AHPND) | It is a disease that affects shrimp and is characterized by high mortalities, in many cases reaching 100% within 30-35 days of stocking grow-out ponds. |
| African Swine Fever (ASF) | It is a highly contagious viral disease of pigs caused by a double-stranded DNA virus in the Asfarviridae family. |
| Albacore Tuna | It is one of the smallest species of tuna found in the six distinct stocks known globally in the Atlantic, Pacific, and Indian oceans, as well as the Mediterranean Sea. |
| Angus beef | It is beef derived from a specific breed of cattle indigenous to Scotland. It requires certification from the American Angus Association to receive the "Certified Angus Beef" quality mark |
| Bacon | It is salted or smoked meat that comes from the back or sides of a pig |
| Black Angus | It is beef derived from a black-hided breed of cows that don't have horns. |
| Bologna | It is an Italian smoked sausage made of meat, typically large and made from pork, beef or veal. |
| Bovine spongiform encephalopathy (BSE) | It is a progressive neurological disorder of cattle that results from infection by an unusual transmissible agent called a prion. |
| Bratwurst | It refers to a type of German sausage made from pork, beef or veal. |
| BRC | British Retail Consortium |
| Brisket | It is a cut of meat from the breast or lower chest of beef or veal. The beef brisket is one of the nine beef primal cuts. |
| Broiler | It refers to any chicken (Gallus domesticus) that is bred and raised specifically for meat production. |
| Bushel | It is a unit of measurement for grains and pulses. 1 bushel = 27.216 kg |
| Carcass | It refers to the dressed body of a meat animal from which butchers trim the meat |
| CFIA | Canadian Food Inspection Agency |
| Chicken Tender | It refers to chicken meat prepared from the pectoralis minor muscles of a chicken bird. |
| Chuck Steak | It refers to a cut of beef that is part of the chuck primal, which is a large section of meat from the shoulder area of a cow |
| Corned Beef | It refers to beef brisket cured in brine and boiled, typically served cold. |
| CWT | Also known as a hundredweight, it is a unit of measurement used to define the quantity of meat. 1 CWT = 50.80 kg |
| Drumstick | It refers to a chicken leg without the thigh. |
| EFSA | European Food Safety Authority |
| ERS | Economic Research Service of the USDA |
| Ewe | It is an adult female sheep. |
| FDA | Food and Drug Administration |
| Fillet Mignon | It is a cut of meat taken from the smaller end of the tenderloin. |
| Flank Steak | It is a cut of beef steak taken from the flank, which lies forward of the rear quarter of a cow. |
| Foodservice | It refers to the part of the food industry which includes businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many other formats. |
| Forage | It refers to animal feed. |
| Foreshank | It is the upper part of the foreleg of cattle |
| Franks | Also known as frankfurter or W眉rstchen, it is a type of highly seasoned smoked sausage popular in Austria and Germany. |
| FSANZ | Food Standards Australia New Zealand |
| FSIS | Food Safety and Inspection Service |
| FSSAI | Food Safety and Standards Authority of India |
| Gizzard | It refers to an organ found in the digestive tract of birds. It is also called the mechanical stomach of a bird. |
| Gluten | It is a family of proteins found in grains, including wheat, rye, spelt, and barley |
| Grain-fed beef | It is beef derived from cattle that have been fed a diet supplemented with soy and corn and other additives. Grainfed cows can also be given antibiotics and growth hormones to fatten them up more quickly. |
| Grass-fed beef | It is beef derived from cattle that have only been fed grass as feed. |
| Ham | It refers to the pork meat taken from the leg of a pig. |
| HoReCa | Hotels, Restaurants and Cafes |
| Jerky | It is lean trimmed meat that has been cut into strips and dried (dehydrated) to prevent spoilage. |
| Kobe Beef | It is Wagyu beef specifically from the Kuroge Washu breed of cows in Japan. To be classified as Kobe beef, the cow must have been born, raised, and slaughtered within the Hy艒go prefecture in the city of Kobe in Japan. |
| Liverwurst | It is type of German sausage made from beef or pork liver. |
| Loin | It refers to the sides between the lower ribs and pelvis, and the lower part of the back of a cow. |
| Mortadella | It is a large Italian sausage or luncheon meat made of finely hashed or ground heat-cured pork, which incorporates at least 15% small cubes of pork fat. |
| Pastrami | It refers to a highly seasoned smoked beef, typically served in thin slices. |
| Pepperoni | It is an American variety of spicy salami made from cured meat. |
| Plate | It refers to a forequarter cut from the belly of a cow, just below the rib cut. |
| Porcine reproductive and respiratory syndrome (PRRS) | It is a disease occurring in swine causing late-term reproductive failure and severe pneumonia in neonatal pigs. |
| Primal cuts | It refers to the major sections of the carcass. |
| Quorn | It is a meat substitute product prepared using mycoprotein as an ingredient, in which the fungus culture is dried and mixed with egg albumen or potato protein, which acts as a binder, and then is adjusted in texture and pressed into various forms. |
| Ready-to-Cook (RTC) | It refers to food products that include all of the ingredients, where some preparation or cooking is required through a process that is given on the package. |
| Ready-to-Eat (RTE) | It refers to a food product prepared or cooked in advance, with no further cooking or preparation required before being eaten |
| Retort Packaging | It is a process of aseptic packaging food in which food is filled into a pouch or metal can, sealed, and then heated to extremely high temperatures, rendering the product commercially sterile. |
| Round Steak | It refers to a beef steak from the the rear leg of the cow. |
| Rump Steak | It refers to a cut of beef derived from the division between the leg and the chine. |
| Salami | It is a cured sausage consisting of fermented and air-dried meat. |
| Saturated fat | It is a type of fat in which the fatty acid chains have all single bonds. It is generally considered unhealthy. |
| Sausage | It is a meat product made of finely chopped and seasoned meat, which may be fresh, smoked, or pickled and which is then usually stuffed into a casing. |
| Scallop | It is an edible shellfish that is a mollusk with a ribbed shell in two parts. |
| Seitan | It is a plant-based meat substitute made out of wheat gluten. |
| Self-service kios | It refers to a self-order point-of-sale (POS) system through which customers place and pay for their own orders at kiosks, enabling totally contactless and frictionless service. |
| Sirloin | It is a cut of beef from the bottom and side parts of a cow's back. |
| Surimi | It is a paste made from deboned fish |
| Tenderloin | It refers to a cut of beef consisting of the entire tenderloin muscle of a cow |
| Tiger Shrimp | It refers to a large shrimp variety from the Indian and Pacific oceans |
| Trans fat | Also called trans-unsaturated fatty acids or trans fatty acids, it is a type of unsaturated fat that naturally occurs in small amounts in meat. |
| Vannamei shrimp | It refers to tropical prawns and shrimp that are farmed in areas near the equator, generally along the coast in artificial ponds. |
| Wagyu Bee | It is beef derived from any of four strains of a breed of black or red Japanese cattle that are valued for their highly marbled meat. |
| Zoosanitary | It refers to the cleanliness of animals or animal product |
Need More Details on Market Definition?
Ask a Question
Research Methodology
糖心vlog传媒 follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.鈥�
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.鈥�
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.鈥�
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
Get More Details On Research Methodology
Download PDF
80% of our clients seek made-to-order reports. How do you want us to tailor yours?
