| Product Code: ETC017459 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia Canned and Cured Seafoods Market is estimated to reach a value of USD 1,042.6 million by 2031, registering a healthy CAGR of 4.8%. The market growth in the region can be attributed to the rising health awareness among consumers and increasing demand for convenience food items. Additionally, surging disposable income levels coupled with innovations in packaging technology are also driving the market growth further. Furthermore, growing exports from different countries including China & India has increased availability of cheap products which has positively influenced the canned seafood industry in KSA leading to an overall spike in demand over recent years.
Growing trend towards healthier eating habits amongst population is likely to fuel demand for nutritious products such as canned seafood which provide essential nutrients like proteins along with other vitamins and minerals. Moreover, presence of significant amount of Omega 3 fatty acids present makes them even more attractive among diet conscious customers thus creating a positive outlook for the market players operating in this space. Technological advancements have greatly contributed to ease-of-use & shelf life prolongation through introduction of better quality cans that prevent spoilage or adulteration due sea foods while maintaining their original nutritional values intact during transport and storage process thus resulting into higher consumer satisfaction leading towards increased sales opportunities within this segment.
Fluctuating raw material costs associated with harvesting fish alongside trade restrictions imposed on imports due political uncertainty between Middle Eastern countries pose major challenges before manufacturers causing unpredictable price swings negatively impacting profitability margins making it difficult for companies operating under tight budgets circumstances whilst trying maintain steady production volumes keeping customer base happy simultaneously leading onto losses ultimately if not carefully managed at time.
Covid-19 pandemic has caused major disruptions in global supply chain networks due to restrictions on movement and export & import activities which have affected the overall production process as well as distribution channels of canned and cured seafoods across Saudi Arabia. This situation has resulted into higher prices for these products amidst reduced availability leading consumer towards opting for frozen or fresh alternatives instead thereby hampering their sale during this crisis period.
Major players operating within Saudi Arabia canned and cured seafoods market include FMC Corporation (USA), Nippon Suisan Kaisha Ltd (Japan), Thailand Union Frozen Products Co.,Ltd., High Liner Foods Incorporated (Canada), Thai Union Group Public Company Limited (Thailand) etc. These companies are focusing on launching innovative product offerings along with development strategic collaborations across different regions so as gain competitive advantage within overall industry landscape.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Canned and Cured Seafoods Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Canned and Cured Seafoods Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Canned and Cured Seafoods Market - Industry Life Cycle |
3.4 Saudi Arabia Canned and Cured Seafoods Market - Porter's Five Forces |
3.5 Saudi Arabia Canned and Cured Seafoods Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Saudi Arabia Canned and Cured Seafoods Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Saudi Arabia Canned and Cured Seafoods Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of seafood consumption. |
4.2.2 Growth in the tourism industry leading to higher demand for canned and cured seafood products. |
4.2.3 Rising disposable incomes and changing lifestyle preferences favoring convenient food options. |
4.3 Market Restraints |
4.3.1 Seasonal fluctuations in seafood supply affecting production and pricing. |
4.3.2 Stringent regulations and quality standards impacting the import and export of seafood products. |
4.3.3 Competition from fresh seafood options impacting the market for canned and cured seafoods. |
5 Saudi Arabia Canned and Cured Seafoods Market Trends |
6 Saudi Arabia Canned and Cured Seafoods Market, By Types |
6.1 Saudi Arabia Canned and Cured Seafoods Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Canned and Cured Seafoods Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Saudi Arabia Canned and Cured Seafoods Market Revenues & Volume, By Tuna, 2021-2031F |
6.1.4 Saudi Arabia Canned and Cured Seafoods Market Revenues & Volume, By Salmon, 2021-2031F |
6.1.5 Saudi Arabia Canned and Cured Seafoods Market Revenues & Volume, By Sardines, 2021-2031F |
6.1.6 Saudi Arabia Canned and Cured Seafoods Market Revenues & Volume, By Other Fish, 2021-2031F |
6.1.7 Saudi Arabia Canned and Cured Seafoods Market Revenues & Volume, By Prawns, 2021-2031F |
6.1.8 Saudi Arabia Canned and Cured Seafoods Market Revenues & Volume, By Shrimps, 2021-2031F |
6.2 Saudi Arabia Canned and Cured Seafoods Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Canned and Cured Seafoods Market Revenues & Volume, By Supermarkets & Hypermarkets, 2021-2031F |
6.2.3 Saudi Arabia Canned and Cured Seafoods Market Revenues & Volume, By Convenience Store, 2021-2031F |
6.2.4 Saudi Arabia Canned and Cured Seafoods Market Revenues & Volume, By Online, 2021-2031F |
7 Saudi Arabia Canned and Cured Seafoods Market Import-Export Trade Statistics |
7.1 Saudi Arabia Canned and Cured Seafoods Market Export to Major Countries |
7.2 Saudi Arabia Canned and Cured Seafoods Market Imports from Major Countries |
8 Saudi Arabia Canned and Cured Seafoods Market Key Performance Indicators |
8.1 Consumer awareness metrics such as online searches for seafood health benefits. |
8.2 Tourism industry metrics like hotel occupancy rates and tourist arrivals. |
8.3 Disposable income indicators such as GDP per capita and consumer spending on food. |
8.4 Seafood supply chain metrics such as inventory turnover and lead times. |
8.5 Compliance metrics related to meeting food safety regulations and certifications. |
9 Saudi Arabia Canned and Cured Seafoods Market - Opportunity Assessment |
9.1 Saudi Arabia Canned and Cured Seafoods Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Saudi Arabia Canned and Cured Seafoods Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Saudi Arabia Canned and Cured Seafoods Market - Competitive Landscape |
10.1 Saudi Arabia Canned and Cured Seafoods Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Canned and Cured Seafoods Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |