Egypt Aquaculture Market (2024-2030) | Outlook, Revenue, Size, Analysis, Growth, Industry, Companies, Forecast, Trends, Value & Share

Egypt Aquaculture Market Highlights

Report Name	Egypt Aquaculture Market
Forecast period	2024-2030
CAGR	5.7%
Growing Sector	Aquaculture

Topics Covered in the Egypt Aquaculture Market Report

Egypt Aquaculture Market report thoroughly covers the market by environment and by fish type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Egypt Aquaculture Market Synopsis

Egypt is one of the largest producers and consumers of fish in Africa. The country’s location on the Mediterranean Sea and the Red Sea, as well as its extensive network of rivers and canals, make it an ideal location for aquaculture. In recent years, there has been a significant increase in investment in the Egyptian aquaculture industry, leading to a steady growth in production and consumption.

According to 6Wresearch, the Egypt Aquaculture Market size is estimated to reach at a CAGR of 5.7% during the forecast period 2024-2030. There are several factors driving the growth of the aquaculture market in Egypt. One of the main drivers is the increasing demand for fish as a source of protein. With a growing population and an expanding middle class, there is a higher demand for seafood in Egypt. As a result, the government has been promoting aquaculture to meet this demand and reduce the country’s reliance on imports.

However, the Egypt Aquaculture industry is facing some challenges that can hamper its growth such as water scarcity, as Egypt is in a dry region with limited freshwater resources and the lack of trained personnel and technical expertise in the industry. Despite these challenges, the market holds a wide scope to grow such as the favorable climate and geographic location of Egypt. The warm waters of the Mediterranean Sea and Red Sea provide ideal conditions for fish farming, while the Nile River and its tributaries offer a steady supply of water for inland farms. Additionally, Egypt’s strategic location offers easy access to regional and international markets, making it a prime location for aquaculture production.

Government Initiatives Introduced in the Egypt Aquaculture Market

The Egyptian government has been proactive in introducing initiatives to bolster the aquaculture market. Among these, strategic water management policies are prioritized to mitigate water scarcity, ensuring aquaculture's viability without compromising other sectors' needs. Additionally, investments in vocational training programs are aimed at cultivating a local skilled workforce to diminish dependency on foreign expertise. Grants and loans with favorable terms have also been established to encourage local entrepreneurship and innovation within the industry.

Key Players in the Egypt Aquaculture Market

The Egypt aquaculture market comprises a diverse range of stakeholders, including multinational corporations, local enterprises, and small-scale farmers. Prominent players such as Cairo Poultry Company (CPC), dominate in particular sectors, while international entities bring in innovative practices and investment.

Future Insights of the Egypt Aquaculture Market

The Egypt aquaculture market growth is likely to surge in the future. The combined effect of government initiatives, technological advancements, and sustainable practices are expected to increase productivity and profitability. Demand for aquaculture is projected to rise concurrently with population growth, positioning Egypt as a key player in the global market. Ensuring the balance between growth and environmental stewardship will remain vital to the long-term success and sustainability of Egypt's aquaculture sector.

Market Analysis by Environment

According to Dhaval, Research Manager, 6Wresearch, fresh water aquaculture is the segment experiencing growth within the Market. The abundance of the Nile River and other inland waterways provide a rich resource for fresh water farms. With the government and private sector investing in improved farm management practices and disease control, productivity in fresh water aquaculture is expected to continue an upward trajectory.

Market Analysis by Fish Type

Based on the fish type, Carps are highly adaptable, easily bred in captivity, and have a growing domestic demand which is driving their increased production. This trend is underpinned by the development of genetically improved strains of carps, alongside more efficient feed and farming practices.

Key attractiveness of the report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Egypt Aquaculture Market Outlook
• Market Size of Egypt Aquaculture Market, 2023
• Forecast of Egypt Aquaculture Market, 2030
• Historical Data and Forecast of Egypt Aquaculture Revenues & Volume for the Period 2020 - 2030
• Egypt Aquaculture Market Trend Evolution
• Egypt Aquaculture Market Drivers and Challenges
• Egypt Aquaculture Price Trends
• Egypt Aquaculture Porter's Five Forces
• Egypt Aquaculture Industry Life Cycle
• Historical Data and Forecast of Egypt Aquaculture Market Revenues & Volume By Environment for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Aquaculture Market Revenues & Volume By Marine Water for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Aquaculture Market Revenues & Volume By Fresh Water for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Aquaculture Market Revenues & Volume By Brackish Water for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Aquaculture Market Revenues & Volume By Fish Type for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Aquaculture Market Revenues & Volume By Carps for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Aquaculture Market Revenues & Volume By Mollusks for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Aquaculture Market Revenues & Volume By Crustaceans for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Aquaculture Market Revenues & Volume By Mackerel for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Aquaculture Market Revenues & Volume By Sea bream for the Period 2020 - 2030
• Historical Data and Forecast of Egypt Aquaculture Market Revenues & Volume By Others for the Period 2020 - 2030
• Egypt Aquaculture Import Export Trade Statistics
• Market Opportunity Assessment By Environment
• Market Opportunity Assessment By Fish Type
• Egypt Aquaculture Top Companies Market Share
• Egypt Aquaculture Competitive Benchmarking By Technical and Operational Parameters
• Egypt Aquaculture Company Profiles
• Egypt Aquaculture Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Environment

• Marine Water
• Fresh Water
• Brackish Water

By Fish Type

• Carps
• Mollusks
• Crustaceans
• Mackerel
• Sea Bream
• Others

Egypt Aquaculture Market (2024-2030): FAQs