Saudi Arabia Aquaculture Market to Grow at 3.85% CAGR through 2030F

Increasing domestic demand for seafood and expansion of local and international aquaculture companies is expected to drive the Saudi Arabia Aquaculture Market growth in the forecast period, 2026-2030.

According to TechSci Research report, “Saudi Arabia Aquaculture Market – By Region, Competition Forecast & Opportunities, 2030F”, the Saudi Arabia Aquaculture Market stood at USD 375.72 Million in 2024 and is expected to reach USD 396.29 Million by 2030 with a CAGR of 3.85% during the forecast period. The drivers of the Saudi Arabia Aquaculture Market are numerous and varied which includes the increasing demand for seafood along with the decline in natural reserves has led to a significant push towards aquaculture.

The government's initiatives to diversify the economy away from oil-dependency have been instrumental in encouraging the growth of the aquaculture sector. Additionally, advancements in aquaculture technologies have further propelled the market by improving efficiency and productivity.

Aquaculture in Saudi Arabia holds strategic significance due to the country's coastal proximity to the Red Sea and the Arabian Gulf. Currently, the Kingdom is experiencing notable growth in this sector as part of its Vision 2030 strategic framework, which aims to diversify the economy beyond oil. The Saudi government has identified aquaculture as a key growth sector, playing a pivotal role in their food security strategy. The aquaculture industry in Saudi Arabia primarily focuses on finfish species such as Indian white shrimp and tilapia. Additionally, the country has witnessed the emergence of high-end species farming, including sea cucumber, grouper, and kingfish cultivation.

Significant investments have been made in recent years to drive remarkable technological advancements within the aquaculture sector. One of the groundbreaking innovations is the introduction of recirculating aquaculture systems (RAS), which revolutionize the way fish are cultivated by employing advanced water treatment and filtration techniques. Additionally, there has been a strong focus on strengthening hatchery operations to ensure a consistent supply of disease-free seed and feed, thereby enhancing the overall production efficiency and minimizing the environmental impact. These combined efforts pave the way for a sustainable and thriving aquaculture industry that meets the growing demand for high-quality seafood while preserving our precious aquatic ecosystems.

Government initiatives and regulations have played a crucial and instrumental role in propelling the aquaculture industry forward. The establishment of the Saudi Aquaculture Society, a dedicated organization, aims to promote industry growth, expand research capabilities, and foster increased private sector participation. Furthermore, the government provides various incentives, including low-interest loans and subsidized feed costs, to offer robust support and ensure the sustained development and success of the industry.

Despite promising prospects, there are challenges that need to be addressed, including the need for a skilled workforce, the risk of disease outbreaks, potential environmental impacts, and the high costs associated with innovative farming technology. However, with the right strategies and continuous support from government and private stakeholders, the future of the Saudi aquaculture market appears promising. As domestic consumption and export demands increase, the Kingdom's aquaculture industry has the potential to become a significant player in the global seafood market. 

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The Saudi Arabia Aquaculture Market is segmented into type, culture, distribution channel, regional distribution, and company

Based on type, In 2024, the Fisheries segment remains the fastest-growing segment in Saudi Arabia's aquaculture market. The country’s extensive coastline, strategic location, and access to rich fishing grounds continue to drive growth within this sector. Fisheries are essential in meeting the high demand for fish products, a staple in the Saudi Arabian diet, contributing significantly to the sector's rapid expansion. Additionally, government initiatives to boost local production and food security are fueling investments in the Fisheries segment, facilitating the adoption of advanced aquaculture techniques. These efforts are increasing fish production capacity and enhancing sustainability, making the sector even more vital to the country's agricultural and economic strategies. While other segments such as Seaweeds, Microalgae, Crustaceans, Molluscs, and Others also show potential, the Fisheries segment leads the market in growth due to its critical role in food security, high consumer demand, and the expansion of aquaculture infrastructure. As a result, the Fisheries segment is expected to maintain its position as the fastest-growing segment in the Saudi Arabian aquaculture market in the coming years..

Based on region, The Western Region is the second-largest contributor to Saudi Arabia’s aquaculture market, following the Eastern Region. This dominance is driven by several key factors, including its extensive coastline along the Red Sea, well-developed infrastructure, and strong government support for aquaculture development. The Red Sea provides an ideal environment for fish farming due to its warm waters, high salinity, and rich biodiversity, which support the cultivation of a wide variety of fish species, including shrimp, tilapia, and grouper. The region is home to major aquaculture projects that benefit from favorable climatic conditions and access to deep-sea water, which enhances production efficiency and quality.

Additionally, the Western Region includes major economic hubs such as Jeddah, Makkah, and Yanbu, which facilitate logistics, processing, and distribution. Jeddah, in particular, serves as a key center for seafood trade and exports, leveraging its advanced port facilities and proximity to international markets. The presence of established seafood processing facilities and cold chain logistics further strengthens the region’s role in the industry. Government initiatives under Vision 2030 have also played a vital role in promoting aquaculture in the Western Region. The Saudi government has introduced various incentives, including subsidies and research programs, to enhance sustainable fish farming practices and increase production capacity. With continued investment, technological advancements, and a strong market infrastructure, the Western Region is well-positioned to expand its share in Saudi Arabia’s growing aquaculture industry, further contributing to national food security and economic diversification.

Major companies operating in the Saudi Arabia Aquaculture Market are:

·         National Aquaculture Group (NAQUA)

·         Saudi Fisheries Company

·         Arabian Shrimp Company

·         Saudi fisheries company (Asmak)

·         Jazadco Fisheries

·         Tabuk Fisheries Company

·         Arab Fisheries Co.

·         Izalco LLC

·         Sami Hamad Est.

·         Saudi Fisheries Company

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“The outlook for the Saudi Arabia aquaculture market appears highly promising, driven by a combination of strategic government initiatives, technological advancements, and increasing consumer demand. Under Vision 2030, the Saudi government is actively working to diversify the national economy and reduce dependency on oil revenues. As part of this strategy, substantial investments are being directed toward the aquaculture sector to enhance production capacity and ensure long-term sustainability. Technological innovation is playing a crucial role in shaping the future of the industry. Advanced farming techniques, such as Recirculating Aquaculture Systems (RAS), are expected to improve production efficiency, optimize resource utilization, and minimize environmental impact. These advancements align with the government's commitment to sustainable seafood production, reinforcing the sector’s long-term viability. The rising domestic and international demand for high-quality seafood presents significant growth opportunities for Saudi aquaculture. Increasing health consciousness and shifting dietary preferences toward protein-rich seafood further support market expansion. Additionally, partnerships with global industry leaders and research institutions are expected to accelerate knowledge transfer and industry development”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Saudi Arabia Aquaculture Market By Type (Fisheries, Seaweeds, Microalgae, Crustaceans, Mollusks, Others), By Culture (Freshwater, Brackish Water, Marine), By Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, Online), By Region, Competition, Forecast and Opportunities, 2020-2030F”, has evaluated the future growth potential of Saudi Arabia Aquaculture Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Aquaculture Market.

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