Saudi Arabia Seafood Market Trends Forecast 2025-2033

Saudi Arabia Seafood Market Size, Share, Trends, Forecast 2025–2033 | Industry Growth Analysis by Type, Form, Distribution Channel, Region & Companies – Renub Research

Market Overview

The Saudi Arabia Seafood Market is projected to grow from US$ 0.98 Billion in 2024 to approximately US$ 1.23 Billion by 2033, expanding at a CAGR of 2.58% during 2025 to 2033. This steady growth is driven by heightened health consciousness, government support under Vision 2030, and innovations in aquaculture technologies. Saudi Arabia’s strategic shift from oil dependency to food security and self-sufficiency has made seafood a key focus of national policy.

Key Questions Answered in the Report

What is the projected size and CAGR of the Saudi Arabia Seafood Market by 2033?
How does Vision 2030 impact the growth of aquaculture in Saudi Arabia?
What are the technological innovations influencing Saudi Arabia’s seafood industry?
How is health awareness among consumers shaping seafood consumption trends?
What are the main challenges in terms of sustainability and overfishing?
How reliant is Saudi Arabia on seafood imports, and what strategies are in place to reduce this dependency?
Which seafood types dominate the Saudi market, and why?
Which regions contribute the most to seafood production and consumption?
How is the Saudi seafood market segmented by form and distribution channels?
Who are the major players in the Saudi Arabia Seafood Market, and what are their strategies?

Saudi Arabia Seafood Industry Growth Drivers

1. Government Initiatives & Vision 2030

Saudi Arabia’s Vision 2030 is a cornerstone for diversifying its economy and strengthening food security. Through the National Fisheries Development Program (NFDP), the Kingdom targets 600,000 tons of aquaculture production by 2030. Government support through infrastructure investment, subsidies, and regulatory reforms have ignited domestic seafood production.

2. Rising Health Awareness

Saudi consumers are becoming increasingly aware of the nutritional benefits of seafood—particularly its high omega-3 content, lean protein, and essential vitamins. Campaigns by institutions like the Saudi Food and Drug Authority (SFDA) promote seafood’s role in preventing lifestyle diseases, boosting its demand across various age groups.

3. Technological Advancement in Aquaculture

Breakthroughs in Recirculating Aquaculture Systems (RAS), automated feeding, and selective breeding are enhancing productivity and sustainability. These technologies help reduce overfishing and maintain ecological balance while ensuring consistent quality. NFDP is also actively seeking $4 billion in aquaculture investment.

4. Expanding Distribution Channels

From supermarkets/hypermarkets to online grocery platforms, seafood availability has become more diverse. Innovations in cold chain logistics and packaging further ensure freshness, attracting urban consumers seeking convenience without compromising quality.

5. Export-Oriented Growth Strategy

Saudi Arabia aims to emerge as a key seafood exporter. Investments in processing units, marine ports, and certified production (e.g., ASC-certified shrimp farms) are positioning the Kingdom to meet global demand while supporting its domestic market.

Challenges in the Saudi Arabia Seafood Market

1. Overfishing & Sustainability Issues

Despite regulatory efforts, illegal and unregulated fishing still exists, endangering marine biodiversity. This has led to depletion of fish stocks and environmental degradation. Enforcing marine protected areas, fishing quotas, and eco-labeling will be critical to sustain the industry.

2. High Import Dependency

In 2022, Saudi Arabia produced 399.5 million metric tons of seafood—up 15 million tons from 2018—but the Kingdom still depends heavily on imports. Fluctuations in global prices, supply chain issues, and tariff barriers expose the market to risks. Strengthening local production is the only long-term solution.

United States Seafood Market

Global Seafood Market

Market Segmentation Analysis

By Type

Fish – Dominates the market due to high versatility and consumer preference.
Shrimp – Gaining popularity; stable price (USD 3.02/kg in 2022) and strong exports.
Crab
Lobster
Others

By Form

Fresh / Chilled (57.5% market share in 2022) – Preferred by health-conscious consumers.
Frozen
Processed
Canned

By Distribution Channel

Supermarket/Hypermarket
Departmental Stores
Specialized Stores
Institution Sales
Food Service
Online
Others

Regional Insights

Eastern Region

The Arabian Gulf coastline makes this region a seafood production powerhouse. Proximity to ports aids exports. However, sustainability concerns necessitate improved aquaculture methods.

Western Region

Bordering the Red Sea, this region offers a diverse seafood ecosystem. Cities like Jeddah and Mecca contribute heavily to demand due to tourism and culinary culture. Aquaculture development is pivotal here.

Northern & Central Region

These areas are more reliant on imported or processed seafood due to limited coastal access. However, demand is rising due to urbanization and rising incomes.

Southern Region

An emerging market with strong potential. Investments in local aquaculture facilities and seafood supply chains are underway to boost availability.

Competitive Landscape

Key Players in the Saudi Arabia Seafood Market

Almunajem Foods
Arab Fisheries Co.
IZAFCO Fish Packing Company
National Aquaculture Group
Saudi Fisheries Company
Shell Fisheries Company W.L.L.
Tabuk Fisheries Co.
The Savola Group

Covered From 4 Viewpoints:

Company Overview
Key Personnel
Recent Developments
Revenue Analysis

These companies are leveraging partnerships, sustainable certification programs, and expansion of production facilities to gain a competitive edge in the growing market.

Future Outlook: Saudi Arabia Seafood Market (2025–2033)

With growing awareness, strong policy support, and a shift toward sustainability, Saudi Arabia’s seafood industry is on the verge of a transformation. Vision 2030’s aquaculture goals will unlock new market potential, especially in value-added seafood, premium exports, and domestic substitution of imports.

The success of this sector will hinge on:

Accelerated infrastructure development.
Investments in R&D and biotech aquaculture.
Public-private partnerships to ensure skill development and innovation.
Strict enforcement of eco-compliance and marine regulations.

📊 Report Details at a Glance

Feature	Description
Base Year	2024
Forecast Period	2025–2033
Market Size	USD Billion
Segments Covered	Type, Form, Distribution Channel, Region
Companies Covered	Almunajem Foods, Arab Fisheries, IZAFCO, Savola Group & more
Customization Scope	20% Free Customization
Post-Sale Support	1-Year Analyst Support
Formats Available	PDF, Excel, PPT, Word