Market Size of saudi arabia seafood Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2028 |
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Base Year For Estimation | 2021 |
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CAGR | 2.02 % |
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Largest Share by Type | Fish |
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Fastest Growing by Type | Fish |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Saudi Arabia Seafood Market Analysis
The Saudi Arabia Seafood Market is projected to register a CAGR of 2.02%
- Fish is the Largest Type: The country'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.
- Fresh / Chilled is the Largest Form: Local consumers choose wild-caught as they believe it to be more natural, fresh, delicious, and healthy. The demand rose considerably after the relaxation of the lockdown.
- Fish is the Fastest-growing Type: The fast projected growth in fish consumption is led by surging awareness regarding its health benefits like its abundance in omega-3 fatty acids and vitamins D and B2.
- Frozen / Canned is the Fastest-growing Form: The country being highly dependent on imports of seafood drives the demand for frozen/canned seafood owing to its better shelf life and easy transportation to the country.
