Product Code: ETC386259 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The fish and seafood market in Saudi Arabia holds significant importance due to the country`s strong cultural and dietary preferences for these products. Fish and seafood have been staple components of the Saudi Arabia diet for centuries, and their consumption remains an integral part of the local culinary tradition. The nation`s extensive coastline along the Red Sea and the Arabian Gulf provides access to diverse marine resources, contributing to the availability and variety of fish and seafood.
In the Saudi Arabia fish and seafood market, the rising awareness of the health benefits of fish consumption and the growing demand for protein-rich foods drive market growth. Fish and seafood are sources of lean protein and essential nutrients, making them a preferred choice for health-conscious consumers. The government`s focus on increasing local seafood production aligns with the goal of achieving food security and reducing import dependency.
The Saudi Arabia Fish and Seafood Market faces challenges related to sustainability and overfishing concerns. Ensuring responsible fishing practices and managing fish populations are critical to maintaining the ecosystem`s balance. Additionally, the market needs to address the logistical challenges of timely seafood distribution across the country due to its vast geography.
The fish and seafood market in Saudi Arabia experienced significant disruptions during the COVID-19 pandemic. The closure of international borders and disruptions in supply chains impacted the availability of imported seafood products. Additionally, the closure of restaurants and reduced consumer spending affected the demand for fish and seafood products. However, as the situation improved and supply chains adapted, the market began to recover. The revival of the foodservice industry and increased demand for nutritious protein sources contributed to the market`s eventual rebound.
The key players in the Saudi Arabia fish and seafood market are King Abdullah Economic City, Bahri Fisheries Company, Gulf Specialized Fish Processing Company (GSFPC), Bader Al-Bahar, Arabian Sea Food Co. Ltd., Abu al Khair Group of Companies, International Aquaculture Development LLC (IAD), National Fishing & Processing Co. Ltd., Mohammed Fakih Fisheries Est., and Red Sea Marine Products.