Saudi Arabia Seafood Market Overview

Market Size in 2024 : USD 3.3 Billion

Market Size in 2033: USD 4.3 Billion

Market Growth Rate 2025-2033: 2.5%

According to IMARC Group's latest research publication,"Saudi Arabia Seafood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", Saudi Arabia seafood market size reached USD 3.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 4.3 Billion by 2033, exhibiting a growth rate (CAGR) of 2.5% during 2025-2033.

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Growth Factors in the Saudi Arabia Seafood Market

• Rising Health Consciousness

Increasing awareness of seafood's health benefits is a significant driver for the Saudi Arabia seafood market. Consumers are drawn to seafood for its high protein content, omega-3 fatty acids, and essential vitamins, which support heart health and overall well-being. For instance, the Saudi Food and Drug Authority (SFDA) has launched campaigns, like one in 2021, promoting seafood consumption to combat lifestyle diseases such as obesity. This shift toward healthier diets has boosted demand for fish and shrimp, as consumers seek alternatives to red meat, aligning with global trends toward nutritious eating.

• Government Initiatives and Vision 2030

Saudi Arabia’s Vision 2030 plays a pivotal role in expanding the seafood market by promoting aquaculture to reduce reliance on oil. The National Fisheries Development Programme (NFDP) encourages investments in fish farming, with companies like the National Aquaculture Group (NAQUA) benefiting from subsidies and public-private partnerships. For example, NAQUA’s partnership with the Saudi Agricultural and Livestock Investment Company in 2023 enhanced shrimp production. These initiatives aim to increase domestic seafood production, ensuring food security and supporting economic diversification, which fuels market growth.

• Growing Population and Disposable Income

The expanding population and rising disposable incomes in Saudi Arabia drive seafood demand, particularly in urban centers like Riyadh and Jeddah. A growing middle class with higher purchasing power is spending more on premium seafood products, such as fresh fish and shrimp. For instance, supermarkets like Lulu Hypermarket report increased sales of imported and locally sourced seafood due to consumer demand for quality. This demographic shift, coupled with urbanization, creates a robust market for diverse seafood offerings, catering to both traditional and modern culinary preferences.

Key Trends Saudi Arabia Seafood Market

• Surge in Sustainable Aquaculture

Sustainable aquaculture is a prominent trend reshaping the Saudi seafood market. Consumers and regulators are prioritizing environmentally friendly practices, prompting companies to adopt advanced technologies. NAQUA, for instance, uses closed-system shrimp farming in the Tabuk region to minimize environmental impact. The government’s push for sustainable fishing, including quotas and protected marine zones, supports this trend. These efforts ensure long-term resource availability while meeting consumer demand for responsibly sourced seafood, aligning with global sustainability goals.

• Growth of E-Commerce and Online Sales

The rise of e-commerce platforms is transforming seafood distribution in Saudi Arabia. Online retailers like Noon and Amazon have expanded access to fresh and frozen seafood, offering convenience to consumers. For example, Almunajem Foods has partnered with e-commerce platforms to deliver ready-to-cook seafood products, catering to busy urban consumers. This trend reflects changing purchasing habits, with online channels gaining traction due to their accessibility and variety, particularly in the off-trade segment, which is growing faster than traditional retail.

• Increasing Demand for Value-Added Products

Consumers are increasingly seeking convenient, value-added seafood products like marinated fish, pre-packaged shellfish, and ready-to-cook meals. Brands like Al Alali and Goody have introduced products such as pre-seasoned shrimp and canned fish, which cater to the demand for quick meal solutions. This trend is driven by urban lifestyles and a growing expatriate population seeking diverse flavors. Restaurants and hotels also feature these products on menus, boosting demand in the on-trade segment and reflecting a shift toward convenience-driven consumption.

Our comprehensive Saudi Arabia seafood market outlook reflects both short-term tactical and long-term strategic planning. This analysis is essential for stakeholders aiming to navigate the complexities of the market and capitalize on emerging opportunities.

Saudi Arabia Seafood Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

• Fish
• Shrimp
• Others

Breakup by Form:

• Fresh / Chilled
• Frozen / Canned
• Processed

Breakup by Distribution Channel:

• Off-Trade
  • Convenience Stores
  • Online Channel
  • Supermarkets and Hypermarkets
  • Others
• On-Trade

Breakup by Region:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

Competitive Landscape:

• The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the Saudi Arabia seafood industry include Almunajem Foods, Arab Fisheries Co., IZAFCO LLC, National Aquaculture Group, Shell Fisheries Company W.L.L., and among many others.

Future Outlook

The Saudi Arabia seafood market is poised for steady growth, driven by continued government support, technological advancements, and evolving consumer preferences. Vision 2030’s focus on aquaculture development, such as investments in marine farming along the Red Sea, will enhance domestic production and reduce import dependency. Innovations like automation and traceability solutions will improve efficiency and sustainability, while e-commerce platforms will further expand market reach. With a growing population and increasing health consciousness, demand for premium and sustainable seafood will rise, positioning Saudi Arabia as a potential exporter in the global market. Collaboration with research institutions will foster innovation, ensuring the industry meets future demands while maintaining environmental standards.

Research Methodology:

The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

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