Latest 2023 Development of the UAE Fish and Seafood Market

UAE Fish and Seafood Market has witnessed significant growth and development in recent years. The major factors driving the growth of this market are the increasing demand for fish and seafood in the UAE driven by increasing health awareness, growing population, and rising income levels. The government has been taking steps to support the seafood industry by providing subsidies to fishermen and supporting aquaculture projects. Moreover, the UAE has been investing in advanced technologies for fish farming and transportation to ensure quality and freshness. Also, the adoption of sustainable fishing practices and the promotion of responsible consumption to ensure the long-term viability of the industry is one of the key developments in the industry.

Moreover, the growing population and influx of tourists in the UAE are creating a swashbuckling demand for seafood, particularly for those who prefer protein-rich diets. In addition, consumers are increasingly looking for seafood as a healthy source of protein due to its Omega-3 fatty acids, which are essential for good heart health. With the rise of food delivery services in the UAE, seafood is now more accessible to consumers which have resulted in increased demand for fish and seafood. Furthermore, the globalization of the seafood industry led to a wider variety of seafood options for consumers which has also resulted in increased competition among seafood suppliers. 

UAE Fish and Seafood Market Synopsis

The seafood industry in the United Arab Emirates (UAE) is growing at a fast pace. The UAE is a major producer and supplier of seafood to the regional and international markets. This rapid growth has resulted in a number of challenges for the seafood sector, including over-fishing, pollution, and insufficient infrastructure to support the expanding market. There are also issues associated with trade barriers and a lack of standardization in product quality. The UAE Fish and Seafood market is a part of the Middle East fish and sea food market and the global fish and seafood market.

According to 6Wresearch, the UAE fish and seafood market size is likely to witness growth during 2022-28. The growth in the seafood market can be attributed to a number of factors such as rising incomes, growing affluence, and increasing consumer demand for healthy and sustainable seafood products. Additionally, one of the key drivers of the seafood market in the UAE is tourism. As tourists increasingly visit destinations around the world that feature sustainably sourced seafood, they are also looking for similar options in their home country. This has led to increased demand for quality seafood products from both local and international retailers. However, there are several constraints that could hamper the market's growth. Rapid urbanization is resulting in an increase in pollution and coastal infrastructure development is putting pressure on marine resources. Furthermore, concerns about possible adverse impacts of climate change on fisheries have restrained the appetite for high-value seafood items in some regions.

Market Analysis By Type

In terms of product type, the market is categorized into fish, crustaceans, mollusks and others. Currently, fish accounts for the majority of the market share in the overall fish and seafood market.  The increase in demand for seafood products has been fuelled by an expanding middle class and increasing affluence among Emirati consumers. Further, increasing consumption of premium seafood items such as lobster and scallops is also contributing to the growth of the market.

Market Analysis By Regulatory Framework

The government has implemented a number of measures to promote sustainable fisheries and improve product quality. It has also developed an integrated seafood value chain to help increase production efficiency and competitiveness. Additionally, tourism is also playing a role as more visitors are interested in trying different types of seafood dishes. The government has also made efforts to promote the seafood sector by creating favourable policies and offering tax breaks to businesses operating in the sector.

COVID-19 Influence on the UAE Fish and Seafood Market

The occurrence of the Covid-19 pandemic has resulted in a slowdown. However, the market has recovered gradually. Currently, the market is growing owing to increasing disposable income and rising awareness of healthy eating. The strong growth prospects are underpinned by the country's burgeoning middle-class population. Additionally, the increase in demand for seafood products has been fuelled by an expanding middle class and increasing affluence among Emirati consumers. Increasing consumption of premium seafood items such as lobster and scallops is also contributing to the growth of the market.

Key Attractiveness of the Report

• COVID-19 Influence on the Market Dynamics.
• 10 Years of Market Data.
• Historical Numbers from 2018 to 2021.
• Base Year: 2021
• Market Forecast Data Until 2028
• Key Performance Indicators Influencing the Market.
• Key Developments and Projects.

 Key Highlights of the Report:

• UAE Fish and Seafood Market Overview
• UAE Fish and Seafood Market Outlook
• UAE Fish and Seafood Market Forecast
• Historical Data of UAE Fish and Seafood Market Revenues for the Period 2018-2021
• UAE Fish and Seafood Market Size and UAE Fish and Seafood Market Forecast of Revenues, Until 2028
• Historical Data of UAE Fish and Seafood Market Revenues, By Product Type, for the Period 2018-2021
• Market Size & Forecast of UAE Fish and Seafood Market Revenues, By Product Type, Until 2028
• Historical Data of UAE Fish and Seafood Market Revenues, By Retail Market, for the Period 2018-2021
• Market Size & Forecast of UAE Fish and Seafood Market Revenues, By Retail Market, Until 2028
• Historical Data of UAE Fish and Seafood Market Revenues, By Sales Channels, for the Period 2018-2021
• Market Size & Forecast of UAE Fish and Seafood Market Revenues, By Sales Channels, Until 2028
• Historical Data of UAE Fish and Seafood Market Revenues, By Regions, for the Period 2018-2021
• Market Size & Forecast of UAE Fish and Seafood Market Revenues, By Region, Until 2028
• Market Drivers and Restraints
• UAE Fish and Seafood Market Trends
• UAE Fish and Seafood Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• UAE Fish and Seafood Market Share, By Players
• UAE Fish and Seafood Market Share, By Regions
• UAE Fish and Seafood Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The report delivers a widespread study of the subsequent market segments:

By Product Types:

• Fish
• Crustaceans
• Mollusks
• Others

By Retail Market:

• Ambient
• Frozen
• Chilled

By Sales Channel:

• Retail
• Foodservice
• Institutional

Frequently Enquired Queries Regarding the Market Study: FAQs

1). Which product type accounts for the maximum market share in the UAE Fish And Seafood Market?

Fish accounts for the maximum market share in the UAE Fish And Seafood market.

2). Does the report include the impression of COVID-19?

Yes, the report includes the stimulus of COVID-19.

3). Which sales channel is predictable to register the highest growth rate?

The retail channel is projected to record the highest share in future.

4). What are the critical factors which are increasing the market demand?                                               

The growth of the market is attributed to rising incomes, growing affluence, and increasing consumer demand for healthy and sustainable seafood products.

5). What are the major challenges in the UAE Fish And Seafood Market?

Some of the major challenges are rapid urbanization and climate change is resulting in an increase in pollution and coastal infrastructure development is putting pressure on marine resources.