Product Code: ETC386379 | 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 | |
Fish farming, or aquaculture, has gained momentum in Saudi Arabia as a means to meet the rising demand for fish products. Given the country`s arid climate, fish farming provides a sustainable way to supplement the domestic fish supply. With advancements in technology and farming techniques, Saudi Arabia has been able to establish successful fish farming operations both onshore and offshore. This not only supports local production but also contributes to reducing the dependence on fish imports.
The fish farming market in Saudi Arabia has been driven by various factors. The increasing demand for seafood as a source of protein and the desire to reduce the country`s reliance on seafood imports have led to the growth of fish farming. Saudi Arabia favorable climate conditions for aquaculture, along with advancements in technology and sustainable practices, have further boosted the industry. The government`s initiatives to promote food security and diversify the economy have also played a pivotal role in encouraging investments in fish farming, resulting in increased domestic production and a reduced seafood trade deficit.
The Saudi Arabia Fish Farming Market encounters challenges linked to maintaining water quality, preventing diseases, and ensuring the welfare of farmed fish. Balancing production efficiency with environmental sustainability is crucial, and the market needs to invest in advanced aquaculture technologies and practices to overcome these challenges.
The fish farming market in Saudi Arabia faced challenges during the COVID-19 pandemic due to disruptions in the supply of fish feed, labor shortages, and market uncertainties. Lockdowns and restrictions affected operations, leading to reduced fish production and potential losses for fish farmers. The market`s recovery depended on the ease of restrictions, the availability of inputs, and the willingness of consumers to purchase fish products. As supply chains adapted and demand stabilized, the market gradually began to regain its footing.
The Saudi Arabia fish farming market is led by major players such as Al-Saha Fisheries, Deema Farms, SACO Group, and National Aquaculture Group. Other key players in the industry include Salmco for Fish Farming and Processing Ltd., Samba Fish Farms Co., Arabian Sea Food Company (ASFC), Kibar Holding LLC, Aqua King LLC, Evershine Aquaculture Technologies FZC, Tilapia Farm LLC, Riyadh Marine Products Co. Ltd., Global Seafoods Trading & Investment Co. Ltd., and Aswar General Contracting Est.