Discover the booming KSA seafood market! This comprehensive analysis reveals market size, growth trends (CAGR), key players (Almunajem Foods, Arab Fisheries Co., etc.), and segment performance (fresh, frozen, canned seafood). Learn about the opportunities and challenges in this lucrative sector from 2019-2033. Recent developments include: November 2023: NAQUA and the Saudi Agricultural and Livestock Investment Company (SALIC) have signed a strategic partnership contract. Under this agreement, SALIC agreed to raise the capital for NAQUA by way of primary investment and consequently holds a 42.4% shareholding in the NAQUA company.February 2022: Asmak announced a strategic distribution agreement with Fish Farm, a UAE-based aquaculture company. Under this agreement, Asmak distributes fish farm products to capture a wider audience locally and regionally through its processing facility and strong distribution channels, including wholesale, foodservice, and retail.January 2022: NAQUA plans to expand its production capacity from 60,000 tons of fish a year to 250,000 tons of fish a year by 2030.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The KSA Sea Food Market size was valued at USD 1 Million in 2023 and is projected to reach USD 1.5 Million by 2032, exhibiting a CAGR of 7.02 % during the forecasts periods. Recent developments include: November 2023: NAQUA and the Saudi Agricultural and Livestock Investment Company (SALIC) have signed a strategic partnership contract. Under this agreement, SALIC agreed to raise the capital for NAQUA by way of primary investment and consequently holds a 42.4% shareholding in the NAQUA company.February 2022: Asmak announced a strategic distribution agreement with Fish Farm, a UAE-based aquaculture company. Under this agreement, Asmak distributes fish farm products to capture a wider audience locally and regionally through its processing facility and strong distribution channels, including wholesale, foodservice, and retail.January 2022: NAQUA plans to expand its production capacity from 60,000 tons of fish a year to 250,000 tons of fish a year by 2030.. Key drivers for this market are: Rising Demand for Clean Label Food & Beverage Products, Rising Demand for Dairy Products. Potential restraints include: Presence of Preservatives in Ready Meals may Hamper the Market Growth. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The Middle East Seafood Market size was valued at USD 21.73 Million in 2023 and is projected to reach USD 23.85 Million by 2032, exhibiting a CAGR of 4.20 % during the forecasts periods. Recent developments include: May 2022: Gulf Japan Food Fund has invested in Oman Fisheries Co SAOG. This help to take Oman Fisheries' capability to expand its footprint across the global markets.February 2022: Asmak announced a strategic distribution agreement with Fish Farm, a UAE-based aquaculture company. Under this agreement, Asmak distributes fish farm products to capture a wider audience locally and regionally through its processing facility and strong distribution channels, including wholesale, foodservice, and retail.. Key drivers for this market are: Escalating Demand for Processed Poultry Products, Favorable Government Initiatives to Boost Production. Potential restraints include: Rising Vegan Trend among Young Consumers, Deeper Penetration of Red Meat Across Saudi Arabia. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

Forecast: Freshwater Fish Market Size Volume in Saudi Arabia 2023 - 2027 Discover more data with ReportLinker!

Forecast: Demersal Fish Market Size Volume in Saudi Arabia 2023 - 2027 Discover more data with ReportLinker!

The Seafood Market size was valued at USD 310.75 USD Billion in 2023 and is projected to reach USD 576.51 USD Billion by 2032, exhibiting a CAGR of 9.23 % during the forecast period. Key drivers for this market are: Expansion of International Brands in Saudi Arabia to Fuel Market Growth. Potential restraints include: Market Growth Hampered Due to Growing Inclination of Consumers Toward Plant-Based Meat.

Chilled Raw Packaged Fish & Seafood – Processed (Fish & Seafood) Market in Saudi Arabia – Outlook to 2023: Market Size, Growth and Forecast Analytics is a broad level market review of Chilled Raw Packaged Fish & Seafood – Processed market in Saudi Arabia. The research handbook provides up-to-date market size data for period 2013-2018 and illustrative forecast to 2023 covering key market aspects like Sales Value and Volume for Chilled Raw Packaged Fish & Seafood – Processed and its variants . Read More

The size of the MEA Canned Seafood Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.34% during the forecast period. The MEA (Middle East & Africa) canned seafood industry has experienced significant growth driven by rising urbanization, increased disposable income, and shifting consumer preferences towards convenient and ready-to-eat food products. With countries like Saudi Arabia, the UAE, and South Africa leading demand, the market is expanding steadily due to the increasing awareness of seafood's health benefits, such as high protein content and essential nutrients. Tuna, sardines, and mackerel remain the most popular canned seafood products due to their affordability and versatile culinary applications. The growing penetration of retail channels like supermarkets, hypermarkets, and online platforms is also contributing to higher sales. Key players like Thai Union, Bumble Bee Foods, and Al-Alali are focusing on diversifying product offerings, emphasizing value-added options like canned seafood with sauces or in olive oil to cater to local preferences. Moreover, the shift towards sustainable fishing practices and eco-friendly packaging is gaining momentum in response to environmental concerns and consumer demand for responsibly sourced seafood. Recent developments include: November 2022: Thai Union Group converted its loan-based strategic investment in Aegir Seafood into a 50% shareholding, further strengthening the successful business relationship between the two companies. Since Thai Union's initial investment in 2019, Aegir Seafood has made a substantial contribution to the growth of Thai Union's brands and private label business, particularly for King Oscar and Rügen Fisch. This acquisition has allowed Thai Union Group to expand its product portfolio to include high-quality cod liver, which is a premium product that complements its existing range of seafood products., April 2022: Saudi seafood franchise, Shrimp Nation, has launched a new branch in the United Arab Emirates. Shrimp Nation specializes in offering a wide range of shrimp products, along with crabs, fish, and other seafood products, to its customers. With its expansion into the UAE, the franchise aims to tap into the growing demand for high-quality seafood products in the region and to provide a unique dining experience to its customers. Shrimp Nation is expected to compete with other seafood restaurants in the region, offering a diverse range of menu options and unique flavors to attract customers., August 2021: Bolton Group B.V. announced the acquisition of Wild Planet Foods, a leading producer of sustainable seafood products. This acquisition is a strategic move for Bolton Group B.V., as it aims to accelerate its path of international development and sustainability in the seafood sector. Wild Planet Foods is known for its commitment to sustainability and responsible fishing practices, which aligns with Bolton Group's vision of providing high-quality and sustainable seafood products to its customers. With this acquisition, Bolton Group B.V. is expected to expand its global presence in the seafood industry and offer a wider range of sustainable seafood products to its customers.. Key drivers for this market are: Increasing Consumer Demand for Convenient Food such as Canned seafood . Potential restraints include: Many consumers perceive fresh seafood as healthier compared to canned options. Notable trends are: Growing Popularity For Seafood Among Meat Products.

After three years of growth, the Saudi frozen whole fish market decreased by -10.8% to $86M in 2024. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $97M in 2023, and then dropped in the following year.

The Saudi frozen fish market expanded remarkably to $151M in 2024, increasing by 13% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2024; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $163M. From 2023 to 2024, the growth of the market remained at a somewhat lower figure.

The GCC Fish Farming Industry size was valued at USD 308 Million in 2023 and is projected to reach USD 462 Million by 2032, exhibiting a CAGR of 7.20 % during the forecast periods. Recent developments include: June 2022: The Ministry of Environment, Water, and Agriculture (MEWA) has decided to make the Kingdom of Saudi Arabia one of the first in the world in the aquaculture sector to be a member of the Network of Aquaculture Centres in Asia-Pacific (NACA)., September 2021: OFC is expanding its presence at every stage of the fish value chain. To increase the volume of catch, it is expanding its own fleet of vessels and entering into strategic agreements with international vessel owners. It is also expanding its existing processing facilities and establishing a value-added products plant to significantly increase output from current levels., April 2021: NEOM, the Saudi megacity development project, signed an agreement with Tabuk Fish Company that includes plans for a fish farm with a production capacity of 70 million fingerlings. This would make it the biggest hatchery in the MENA region.. Key drivers for this market are: Rising Demand for Milled and Broken Rice, Growing Preference for Speciality Rice Variety; Government Initiatives Supports Rice Production. Potential restraints include: Lack of Supply Chain for Rice, Growing Agricultural Labor Crisis. Notable trends are: Government Initiatives for Sustainable Fish Farming.

The Saudi preserved fish fillet market reached $15M in 2024, increasing by 3.6% against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $17M. From 2023 to 2024, the growth of the market remained at a somewhat lower figure.

The global ornamental fish market size is projected to grow from USD 6.92 billion in 2025 to USD 12.61 billion by 2033, exhibiting a CAGR of 7.8%.
Report Scope:

The Saudi Arabian refrigerated trailer market, valued at $320 million in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) exceeding 5% from 2025 to 2033. This expansion is fueled by several key factors. The burgeoning food and beverage sector in Saudi Arabia, coupled with increasing demand for temperature-sensitive goods like dairy, meat, seafood, and pharmaceuticals, necessitates efficient cold chain logistics. Government initiatives promoting infrastructure development and diversification of the economy further contribute to market growth. The expansion of e-commerce and the rise of organized retail are also key drivers, increasing the demand for reliable refrigerated transportation. Growth is segmented across various goods types (frozen, chilled) and applications (dairy, meat & seafood, fruits & vegetables, pharmaceuticals, others). While data on specific restraining factors is limited, potential challenges could include fluctuating fuel prices, stringent regulatory compliance, and the need for skilled drivers and maintenance personnel. However, the overall outlook remains positive, with significant opportunities for established players like Coldstores Group of Saudi Arabia, Kuehne+Nagel, and DHL Group, alongside local and regional players. The market's potential for innovation in trailer technology, such as incorporating smart sensors and improved insulation, further promises growth in the coming years. The market's strong growth trajectory is supported by Saudi Arabia's commitment to modernizing its logistics infrastructure and promoting food security. The country's strategic location as a regional trade hub also makes it an attractive market for international refrigerated trailer manufacturers and logistics providers. The increasing focus on sustainable practices within the cold chain, such as fuel-efficient trailers and eco-friendly refrigerants, will likely shape future market developments. Competition is likely to intensify, with both established players and new entrants vying for market share. This competitive environment will drive innovation and efficiency improvements across the sector. Overall, the Saudi Arabian refrigerated trailer market presents a compelling investment opportunity for businesses involved in cold chain logistics and related technologies. Recent developments include: In July 2023, GORICA, a Dubai-based trailer manufacturer, announced its plan to expand its refrigerated transport range to the Kingdom of Saudi Arabia. The company is already present in the Saudi transport industry but has extended its goals to capture the perishable goods transportation market., In October 2023, HUABON THERMO's HT-380 refrigeration units were shipped to Saudi Arabia to set new standards in the refrigeration industry. The unit is designed specifically for fresh and frozen cargo and is tailored to efficiently cool refrigerated truck boxes ranging from 16 to 22m³ in volume.. Key drivers for this market are: The Growing Demand for Perishable Food Items is Driving the Market. Potential restraints include: The Growing Demand for Perishable Food Items is Driving the Market. Notable trends are: Chilled Goods Segment Dominates the Saudi Arabia Refrigerated Trailer Market.

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Halal Food Market Size 2025-2029

The halal food market size is valued to increase USD 355 billion, at a CAGR of 3.6% from 2024 to 2029. Increasing consumer expenditure on halal food will drive the halal food market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 51% growth during the forecast period.
By Product - Halal MPS segment was valued at USD 414.60 billion in 2023
By Distribution Channel - Offline segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 38.88 billion
Market Future Opportunities: USD 355.00 billion
CAGR from 2024 to 2029 : 3.6%

Market Summary

The market, valued at USD 1.1 trillion in 2020, represents a significant and growing segment within the global food industry. Driven by the increasing global Muslim population and rising consumer awareness and preference for halal food, this market is poised for continued expansion. Organized retail, including supermarkets and hypermarkets, is a key growth area for the market. These channels offer convenience, variety, and reliability, addressing consumers' demand for authentic and certified halal food products. However, the market also faces challenges, such as the proliferation of fake halal food and food scams, which undermine trust and threaten the industry's reputation.
To meet the growing demand for halal food and combat the issue of counterfeit products, market players are investing in certification and traceability systems. These initiatives not only help ensure the authenticity and quality of halal food products but also provide consumers with peace of mind and confidence in their purchases. The market's future direction lies in innovation, sustainability, and digitalization. Companies are exploring new product categories, such as plant-based and organic halal food, to cater to evolving consumer preferences. Additionally, the adoption of technology, such as blockchain and Artificial Intelligence (AI), is enabling greater transparency and traceability throughout the supply chain, ensuring the integrity and safety of halal food products.
In conclusion, the market's growth is underpinned by demographic trends, consumer preferences, and the evolving retail landscape. While challenges, such as the prevalence of fake halal food, require attention, the market's future looks promising, with opportunities for innovation, sustainability, and digitalization.

What will be the Size of the Halal Food Market during the forecast period?

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How is the Halal Food Market Segmented ?

The halal food industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Halal MPS
  Halal BCC
  Halal FVN
  Halal beverages
  Others


Distribution Channel

  Offline
  Online


Type

  Organic
  Inorganic


Geography

  Middle East and Africa

    Egypt
    South Africa
    UAE


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Product Insights

The halal MPS segment is estimated to witness significant growth during the forecast period.

The market, a significant and continually evolving sector, encompasses a range of products derived from halal-certified sources, primarily including beef, lamb, goat, chicken, Turkey, and fish. This market is divided into three main categories: fresh halal meat, poultry, and seafood (Minimal Processed Shelf-Stable, or MPS); minimally processed halal MPS, which excludes artificial additives or colorings and preserves the product's natural characteristics; and heavily processed halal MPS, which includes halal sausages, salami, corned beef, minute steak, Canned Meat, poultry, and seafood, and frozen meat, poultry, and seafood. Strict adherence to Islamic dietary guidelines is ensured through rigorous ingredient authenticity testing, slaughterhouse hygiene protocols, and supply chain traceability.

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The Halal MPS segment was valued at USD 414.60 billion in 2019 and showed a gradual increase during the forecast period.

Religious compliance audits, process control systems, and microbial contamination control measures are implemented to maintain consumer confidence. The market prioritizes cleanliness and sanitation, adhering to international halal standards and food safety regulations. Product labeling regulations, packaging material compliance, and consumer protection measures are also crucial. Animal welfare standards, quality control procedures, and product lifecycle management are essential aspects of the halal food industry, with Waste Management strategies and ethical meat production further enhancing its sustainability. Approx

The size of the Middle East & Africa Frozen Food Market was valued at USD Million in 2023 and is projected to reach USD Million by 2032, with an expected CAGR of 6.20% during the forecast period. Recent developments include: In August 2022, Seara, a Brazilian food brand launched its complete halal portfolio in Saudi Arabia. The portfolio comprises 120 frozen food products, including frozen whole chicken, chicken parts, breaded chicken, chicken and beef burgers, minced meats, sausages, meatballs, frozen vegetables, frozen seafood, and frozen fruits, among others., In March 2021, United Arab Emirates-based producer of frozen halal products Al Islami Foods unveiled a new dough category, starting with frozen paratha, as it looks to expand the availability, variety, and visibility of the brand., In January 2022, Simplifine, a food processing company, expanded its product portfolio by launching a production line of frozen fresh French fries in Kenya.. Key drivers for this market are: Increasing Focus On Health and Wellness, Surge in Product Innovation. Potential restraints include: Presence of Substitutes. Notable trends are: Increasing Demand for Convenience Food.

The global Fishing Equipment Market size was valued at USD 14.29 Billion in 2024 and is projected to grow from USD 14.91 Billion in 2025 to reach USD 20.88 Billion by 2033, growing at a CAGR of 4.3% during the forecast period (2025–2033).
Report Scope:

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Carp Market Size 2024-2028

The carp market size is forecast to increase by USD 13.3 billion at a CAGR of 6.7% between 2023 and 2028.

The market is experiencing significant growth due to several key factors. Consumers are increasingly recognizing the nutritional value of carp, which is rich in protein and essential minerals. Traditional eating habits continue to favor carp as a food choice, particularly in Asian countries. Moreover, there is a growing demand for value-added carp products, such as smoked and prepared carp, which offer convenience and diverse culinary applications. Additionally, carp farming practices are becoming more environmentally friendly, aligning with consumer preferences for sustainable food sources. Moreover, it aligns with ethical eating habits and the demand for sustainable seafood. These trends are driving the growth of the market and making it an attractive option for seafood consumers. This farming method ensures the production of healthy fish, free from antibiotics and other harmful chemicals. The report provides a comprehensive analysis of these factors and more, offering valuable insights for businesses looking to capitalize on the opportunities in the market.

What will be the Size of the Market During the Forecast Period?

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The common carp (Cyprinus carpio) is a widely cultivated fish species in the global aquaculture industry. This fish is recognized for its nutritional value, making it an essential component of sustainable food production. Carp farming plays a vital role in addressing food security concerns, particularly in regions where protein deficiency is prevalent. Aquaculture technology has significantly advanced, leading to the implementation of innovative practices in carp farming. These advancements include improved fish farming techniques, sustainable breeding programs, and the development of healthy feeding strategies. Grass carp food, for instance, is a popular choice for carp farmers due to its nutritional benefits and minimal environmental impact.
Sustainable aquaculture practices are increasingly gaining importance in the carp farming industry. This approach ensures the preservation of fish species diversity and the protection of the environment. Carp farming businesses have seen steady growth due to the increasing global food demand for low-fat protein sources. Processed carp products, such as smoked carp, are gaining popularity in various cuisines worldwide. Carp consumption is on the rise, with an increasing number of carp recipes being shared online. Organic carp farming is another trend in the carp farming industry. Carp farming sustainability is a critical concern, with farmers focusing on maintaining optimal water temperatures and minimizing the environmental impact of their operations.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Grass carp
  Silver carp
  Common carp
  Bighead carp
  Others


Geography

  APAC

    China


  North America

    Canada
    US


  Europe

    Germany


  South America



  Middle East and Africa

By Product Insights

The grass carp segment is estimated to witness significant growth during the forecast period.

Grass carp, a large herbivorous freshwater fish species native to Eastern Asia, is gaining significant attention in the global market due to its high nutritional value and economic importance. The grass carp segment is projected to experience steady growth during the forecast period, driven by increasing investments in aquaculture in developing countries like China and India. Grass carp are an affordable and easily cultivated fish species, making them a popular choice for farmers. Moreover, they primarily feed on aquatic plants, making them an eco-friendly option for controlling unwanted weed growth in irrigation canals and other freshwater bodies. The consumption of grass carp is on the rise due to growing consumer awareness regarding heart health and cardiovascular diseases. Lean protein sources like grass carp are increasingly preferred over red meat and other high-fat animal products.

Furthermore, grass carp is known to have anti-inflammatory properties, making it an excellent choice for individuals suffering from muscle inflammation and premature skin aging. Government organizations and business entities are collaborating to promote the cultivation and consumption of grass carp. This partnership is expected to boost the market's growth and create new opportunities for businesses involved in the value chain. As a result, the business-to-consumer market for grass carp is poised for significant growth in the coming years. In conclusi

In 2023, purchases abroad of flours, meals and pellets of fish decreased by -76.9% to 8.1 tons, falling for the second year in a row after two years of growth.

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Algae-based Animal Feed and Ingredients Market Size 2024-2028

The algae-based animal feed and ingredients market size is projected to increase by USD 1.31 billion, at a CAGR of 7.54% between 2023 and 2028.

The market is poised for exponential growth, driven by the rising demand for meat and seafood, with factors such as enhanced nutrient availability, improved digestibility, and accelerated animal growth contributing to market expansion.
The diversity of aquaculture, particularly dominated by small-scale players with substantial government support, especially in countries like China, Indonesia, India, and Vietnam, fuels the demand for commercial fish feed, including algae-based animal feed and ingredients and other algae products. China, a dominant force in the APAC aquaculture market, takes the lead in production.

What will be the Size of the Algae-based Animal Feed and Ingredients Market During the Forecast Period?

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How is the Algae-based Animal Feed and Ingredients Market Segmented?

The market research and growth report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.

Product Outlook

  Feed
  Feed ingredient


Application Outlook

  Poultry
  Swine
  Ruminant
  Aquaculture





Distribution Channel Outlook

  Offline
  Online

Region Outlook


  North America

    The U.S.
    Canada


  South America

    Chile
    Brazil
    Argentina 





  Europe

    The U.K.
    Germany
    France
    Rest of Europe





  APAC

    China
    India





  Middle East & Africa

    Saudi Arabia
    South Africa
    Rest of the Middle East & Africa

By Application

Algae such as spirulina and chlorella are both rich in proteins, essential amino acids, vitamins, minerals, and antioxidants. These nutrients are essential for the health of poultry, their growth, as well as egg production. Incorporating spirulina and chlorella into poultry feed can help meet the nutritional requirements of birds and promote their overall well-being. Algae contain bioactive compounds that have been linked to various health benefits, including improved immune function, resistance to disease, and tolerance to stress in poultry. Further, the major cost is incurred on poultry feed, as it has a significant impact on the health of birds and poultry product quality. Overall, the poultry application segment is expected to be the leading application segment of the market during the forecast period and hence drive the growth of the market during the forecast period.

By Product

The market share growth by the feed segment will be significant during the forecast period. The expansion of the livestock industry, including those related to poultry and swine farming and aquaculture, has led to a significant rise in the quantity needed to sustain the growing population of these animals and fish. This expansion is driven by factors such as urbanization, dietary changes, and the increasing demand for animal protein from consumers. 

The feed segment was the largest and was valued at USD 1.67 billion in 2018.

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Overall, the increasing demand for algae as an ingredient in animal feed and ingredients reflects a shift toward nutritionally beneficial alternatives. Rising incomes and urbanization, particularly in developing countries, are leading to greater consumption of meat and other animal products. This trend is driving up the demand to support the expansion of livestock production. Overall, the high demand for animal feed is driven by a combination of factors, including population growth, changing dietary patterns, technological advancements, and a focus on animal health and sustainability, which, in turn, will have a positive impact on the growth of the segment of the market growth and trends during the forecast period.

Regional Analysis

APAC is estimated to contribute 37% to the growth of the global market during the forecast period

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Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional market trends and analysis, and drivers influencing the market's trajectory throughout the forecast period. The increasing production of beef, veal, and chicken in APAC is one of the factors that will drive the growth of the regional algae-based market. Companies in the meat market are increasing their production to meet the rising demand for meat products. This, in turn, will increase the demand for animal products and algae protein in APAC during the forecast period. 

What are the Algae-based Animal Feed and Ingredients Market Dynamics Shaping Growth?

The algae-based animal f