Report Description

Egypt Aquaculture market is expected to grow impressively through 2028 due to the increasing demand of fish in the country. In 2022, Egypt’s revenue in fish and seafood segment has moved drastically which amounts to be approximately USD 12.8 billion

Aquaculture, also known as fish farming or aqua farming, is the practice of cultivating aquatic organisms such as fish, crustaceans, mollusks, and aquatic plants for food, recreation, and conservation. Aquaculture is a rapidly growing sector of the global economy and is increasingly recognized as an important source of food and income for millions of people around the world. In this article, we will explore the history, benefits, challenges, and future prospects of aquaculture. As the world’s population continues to grow, demand for food is increasing. Aquaculture can provide a sustainable source of protein and essential nutrients, particularly in areas where traditional fishing is not possible or not sufficient to meet local demand. Aquaculture can provide employment opportunities and contribute to local and national economies. In many countries, aquaculture is a significant export industry, generating revenue and creating jobs.

Like all forms of agriculture, aquaculture can have a negative impact on the environment. Fish farming can lead to the pollution of waterways through the release of waste and chemicals and can contribute to the spread of disease and parasites. Fish farming can be susceptible to disease outbreaks and parasite infestations, which can result in significant losses for farmers.

Despite the challenges facing the industry, aquaculture is expected to continue to grow in the coming years. The global demand for seafood is increasing, and aquaculture is seen as an important way to meet this demand sustainably. Advances in technology, such as improved feed formulations and disease management techniques, are also expected to make aquaculture more efficient and sustainable. In addition, the development of new species for farming, such as seaweed and algae, is expected to provide new opportunities for aquaculture. These species can be grown in a variety of environments and can be used for food, fuel, and other applications.

Aquaculture has been practiced in Egypt for thousands of years, particularly in the Nile Delta and the Red Sea. The ancient Egyptians used fish ponds and canals to breed and rear fish for food, and the practice continued throughout the centuries, with the Copts, Arabs, and Ottomans all contributing to the development of aquaculture in the region. In the modern era, aquaculture began to develop as a commercial industry in the 1950s, when the government established a fish farming research center and began to encourage private investment in the sector.

Today, Egypt is one of the largest producers of farmed fish in Africa, with an estimated annual production of around 1.3 million tons. The majority of this production comes from tilapia, which accounts for around 90% of farmed fish in the country. Other important species include carp, catfish, and mullet. Aquaculture is an important source of income and employment for rural communities, particularly in the Nile Delta and along the Red Sea coast.

Increasing Demand for Fishes in the Country are Driving Market Growth

One of the primary growth drivers of the Egypt aquaculture market is increasing demand for fish, both domestically and internationally. Egypt is a significant consumer of fish, with per capita consumption estimated at around 21 kg per year. With a growing population and increasing demand for protein-rich foods, the demand for fish is expected to continue to rise in the coming years. In addition, there is significant potential for Egypt to increase its exports of farmed fish, particularly to markets in Europe and the Middle East. The government has set a target of increasing fish production to 2 million tons by 2022, which will require significant investment and expansion of the aquaculture industry.

Government Support is Driving Market Growth

The Egyptian government has recognized the importance of the aquaculture industry for food security and economic development, and has implemented a range of policies and programs to support the sector which includes Investment in research and development to improve fish breeding, disease management, and feed quality, Establishment of new fish farms and upgrading of existing facilities, Provision of financial support to small and medium-sized enterprises (SMEs) in the aquaculture industry. Development of export markets for Egyptian farmed fish. This support has helped to create a favorable environment for growth in the aquaculture industry, and is expected to continue to drive expansion in the coming years.

The development of new technologies, such as recirculating aquaculture systems (RAS) and aquaponics, is expected to provide new opportunities for fish farming in Egypt. RAS systems allow for intensive fish production in a controlled environment, with minimal water use and reduced environmental impact. Aquaponics systems combine fish farming with the production of vegetables or other crops, creating a sustainable and integrated production system. These technologies are particularly well-suited to the Egyptian climate, which is hot and dry, and where water resources are limited. They also provide opportunities for the production of high-value fish species, such as shrimp and sea bass, which can command premium prices in international markets.

Major Challenges faced by Aquaculture Market

Water quality is a critical factor in the success of aquaculture operations. Poor water quality can lead to reduced growth rates, increased disease susceptibility, and even mortality in fish. In Egypt, the quality of water used for aquaculture can be affected by several factors, including pollution, sedimentation, and salinity. To address this challenge, the government has implemented several measures to improve water quality, including the establishment of water treatment plants and the introduction of regulations to reduce pollution. However, these efforts have not been sufficient to fully address the problem, and water quality remains a significant challenge for the industry.

Disease outbreaks can have a devastating impact on aquaculture operations, leading to significant financial losses and production delays. In Egypt, disease outbreaks have been reported in several fish species, including tilapia, which is one of the most widely farmed species in the country to address this challenge, the government has invested in research and development to improve disease prevention and management. In addition, farmers are encouraged to implement biosecurity measures, such as the use of disinfectants and quarantining new stock before introduction to existing populations.

Access to international markets is essential for the growth and development of the Egypt aquaculture industry. However, the industry faces several challenges in accessing these markets, including trade barriers, certification requirements, and competition from other countries. To address this challenge, the government has worked to establish new trade agreements and to promote Egyptian farmed fish in international markets. In addition, the industry is working to achieve international certification standards, such as those set by the Aquaculture Stewardship Council (ASC), which can help to increase market access.

Recent Trends and Developments

The Egypt aquaculture industry has also seen significant advancements in technology over the past three years. One notable development is the adoption of recirculating aquaculture systems (RAS), which allows for the production of high-quality fish with minimal water usage and waste. In addition, the industry has seen advancements in fish genetics, feed formulation, and disease prevention, which have all contributed to improved production efficiency and sustainability.

The Egyptian government has implemented several initiatives to support the growth and development of the aquaculture industry. In 2019, the government launched a program to support the development of fish farms in the country, with a goal of increasing production by 50% by 2023. The government has also introduced regulations to improve water quality and reduce pollution in aquaculture operations. In addition, the government has worked to promote the adoption of international certification standards, such as those set by the Aquaculture Stewardship Council (ASC), to increase market access for Egyptian farmed fish.

The COVID-19 pandemic had a significant impact on the Egypt aquaculture industry, as it did on many other sectors of the economy. The closure of international markets and disruption to global supply chains led to a decline in exports of farmed fish from Egypt.


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Market Segmentation

Egypt Aquaculture Market is segmented based on Type, Species, Production Type, Distribution Channel, Region and Competitive Landscape. Based on the Type, the market is categorized into Land Based Aquaculture v/s Sea Based Aquaculture. Based on Species the market is divided into Pelagic Fish, Demersal Fish, Freshwater Fish. Based on Production Type the market is divided into Small Scale v/s Medium & Large Scale. Based on Distribution Channel the market is further segmented into Traditional Retail, Supermarkets and Hypermarkets, Specialized Retailers, Online Stores, Others. Based on region, the market is divided into Cairo, Alexandria, Giza, Qalyubia, Port Said, Suez, and Rest of Egypt.

Market Players

Agrimatic Farms, Bustan Aquaponics, Evergreen Egypt United, Grand Fish Feed., NatureWorks, Suez Canal Fish Farming and Aquaculture Company., PNG Advanced Agriculture Solutions are some of the key players of the Egypt Aquaculture Market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Type

Species

Production Type

Distribution Channel

Regional scope

Cairo, Alexandria, Giza, Qalyubia, Port Said, Suez, and Rest of Egypt

Key companies profiled

Agrimatic Farms, Bustan Aquaponics, Evergreen Egypt United, Grand Fish Feed., NatureWorks, Suez Canal Fish Farming and Aquaculture Company., PNG Advanced Agriculture Solutions

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

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

  • Egypt Aquaculture Market, By Type:
    • Land Based Aquaculture
    • Sea Based Aquaculture
  • Egypt Aquaculture Market, By Species:
    • Pelagic Fish
    • Demersal Fish
    • Freshwater Fish
  • Egypt Aquaculture Market, By Production Type:
    • Small Scale
    • Medium/Large Scale
  • Egypt Aquaculture Market, By Distribution Channel:
    • Traditional Retail
    • Supermarkets & Hypermarkets
    • Specialized Retailers
    • Online Stores
    • Others
  • Egypt Aquaculture Market, By Region:
    • Cairo
    • Alexandria
    • Giza
    • Qalyubia
    • Port Said
    • Suez
    • Rest of Egypt

Competitive landscape

Company Profiles: Detailed analysis of the major companies present in Egypt Aquaculture market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

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

Egypt Aquaculture Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Types

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, and Trends

4.    Voice of Customer

5.    Egypt Aquaculture Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Type (Land Based Aquaculture v/s Sea Based Aquaculture)

5.2.2.     By Species (Pelagic Fish, Demersal Fish, Freshwater Fish)

5.2.3.     By Production Type (Small Scale v/s Medium & Large Scale)

5.2.4.     By Distribution Channel (Traditional Retail, Supermarkets and Hypermarkets, Specialized Retailers, Online Stores, Others)

5.2.5.     By Region (Cairo, Alexandria, Giza, Qalyubia, Port Said, Suez, and Rest of Egypt)

5.2.6.     By Company (2022)

5.3.  Product Market Map

6.    Egypt Land Based Aquaculture Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Component (Ponds, Fence, Closed system Aquaculture RAS, Others)

6.2.2.     By Species

6.2.3.     By Production Type

6.2.4.     By Distribution Channel

7.    Egypt Sea Based Aquaculture Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Component (Cages, Suspended Aquaculture Systems, Coastal Fences)

7.2.2.     By Species

7.2.3.     By Production Method

7.2.4.     By Distribution Channel

8.    Market Dynamics

8.1.  Drivers

8.2.  Challenges

9.    Market Trends & Developments

9.1.  Merger & Acquisition

9.2.  Product Development

9.3.  Recent Developments

10.  Porters Five Forces Analysis

10.1.              Competition in the Industry

10.2.              Potential of New Entrants

10.3.              Power of Suppliers

10.4.              Power of Customers

10.5.              Threat of Substitute Products

11.  Competitive Landscape

11.1.              Business Overview

11.2.              Company Snapshot

11.3.              Products & Services

11.4.              Financials (As Reported)

11.5.              Recent Developments

11.5.1.  Agrimatic Farms

11.5.2.  Bustan Aquaponics

11.5.3.  Evergreen Egypt United

11.5.4.  Grand Fish Feed.

11.5.5.  NatureWorks

11.5.6.  Suez Canal Fish Farming and Aquaculture Company.

11.5.7.  PNG Advanced Agriculture Solutions

12.  Strategic Recommendations

13. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Increasing demand for fish is primarily driving the Egypt Aquaculture market.

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Cairo is expected to hold the largest market share over the next five years due to the booming freshwater fish industry.

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Traditional Retail is expected to remain dominant in the Egypt Aquaculture market in the coming years.

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Agrimatic Farms, Bustan Aquaponics, Evergreen Egypt United, Grand Fish Feed., NatureWorks, Suez Canal Fish Farming and Aquaculture Company., PNG Advanced Agriculture Solutions, are some of the key players in the Egypt Aquaculture Market.