Saudi Arabia Shrimp Market

Market Overview:

Saudi Arabia shrimp market size is projected to exhibit a growth rate (CAGR) of 5.70% during 2024-2032. The growing demand for seafood delicacy, rising investments in research and development (R&D) activities to make disease-resistant varieties and follow effective disease management protocols, and increasing adoption of genetic selection and breeding programs represent some of the key factors driving the market.

Shrimp is a small, aquatic crustacean belonging to the order Decapoda, known for its elongated body, ten legs, and front pair of modified claws. It is an excellent source of high-quality protein, which is essential for muscle growth, repair, and overall body function. It is relatively low in calories, making it a suitable option for those looking to manage their weight while still getting essential nutrients. It provides essential vitamins and minerals, including vitamin B12, iodine, and selenium. Shrimp contains omega-3 fatty acids, such as eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), which are beneficial for heart health and may reduce the risk of cardiovascular diseases. It is a source of calcium and phosphorus, minerals important for maintaining strong and healthy bones. It contains antioxidant astaxanthin, which may have anti-inflammatory and immune-boosting properties. It is often used as bait in recreational fishing as it is consumed by various fish species. Shrimp is also employed in studying the effects of environmental changes on aquatic life.

Saudi Arabia Shrimp Market Trends:

At present, the increasing demand for this seafood delicacy represents one of the crucial factors impelling the growth of the market in Saudi Arabia. Health-conscious consumers are seeking seafood options that are low in saturated fat and rich in protein, positioning shrimp as an attractive choice. Moreover, the growing preferences for sustainably sourced and environment-friendly shrimp products is offering a favorable market outlook in the country. This shift in consumer sentiment is encouraging the adoption of responsible and eco-friendly shrimp farming practices. Besides this, concerns about the environmental impact of shrimp farming, such as mangrove deforestation and water pollution, are leading to the development of sustainable aquaculture practices. Industry players are increasingly adopting responsible farming methods, including improved pond management, reduced antibiotic use, and the preservation of natural habitats. In addition, technological innovations are playing a crucial role in the modernization of the process of shrimp farming. Advanced monitoring systems, automated feeding, and water quality control technologies are improving production efficiency and reducing environmental impact. Apart from this, the rising adoption of genetic selection and breeding programs are enhancing the disease resistance and growth rates of shrimp stocks, ultimately increasing yields and profitability. Rising investments in research and development (R&D) activities to create disease-resistant shrimp varieties and effective disease management protocols are bolstering the market growth in the country. Furthermore, value-added products, such as peeled and deveined shrimp, cooked and breaded shrimp, and shrimp-based snacks, are gaining popularity in the country.

Saudi Arabia Shrimp Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on environment, species, shrimp size, and distribution channel.

Environment Insights:

• Farmed Shrimp
• Wild Shrimp
   

The report has provided a detailed breakup and analysis of the market based on the environment. This includes farmed shrimp and wild shrimp.

Species Insights:

• Penaeus Vannamei
• Penaeus Monodon
• Macrobrachium Rosenbergii
• Others
   

A detailed breakup and analysis of the market based on the species have also been provided in the report. This includes penaeus vannamei, penaeus monodon, macrobrachium rosenbergii, and others.

Shrimp Size Insights:

• <21 
• 21-25
• 26-30  
• 31-40
• 41-50
• 51-60
• 61-70
• >70
   

The report has provided a detailed breakup and analysis of the market based on the shrimp size. This includes <21, 21-25, 26-30, 31-40, 41-50, 51-60, 61-70, and >70.

Distribution Channel Insights:

• Hypermarkets and Supermarkets
• Convenience Stores
• Hotels and Restaurants
• Online Sales
• Others
   

A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes hypermarkets and supermarkets, convenience stores, hotels and restaurants, online sales, and others.

Regional Insights:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern and Central Region, Western Region, Eastern Region, and Southern Region.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the key players include:

• Almunajem Foods
• Arasco
• Jazan Energy and Development Company
• National Prawn Group
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Saudi Arabia Shrimp Market Report Coverage:

Key Questions Answered in This Report:

• How has the Saudi Arabia shrimp market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Saudi Arabia shrimp market?
• What is the breakup of the Saudi Arabia shrimp market on the basis of environment?
• What is the breakup of the Saudi Arabia shrimp market on the basis of species?
• What is the breakup of the Saudi Arabia shrimp market on the basis of shrimp size?
• What is the breakup of the Saudi Arabia shrimp market on the basis of distribution channel?
• What are the various stages in the value chain of the Saudi Arabia shrimp market? 
• What are the key driving factors and challenges in the Saudi Arabia shrimp?
• What is the structure of the Saudi Arabia shrimp market and who are the key players?
• What is the degree of competition in the Saudi Arabia shrimp market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Saudi Arabia shrimp market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Saudi Arabia shrimp market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Saudi Arabia shrimp industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.