Middle East and Africa Seafood Market Introduction and Overview
According to SPER Market Research, the Middle East and Africa Seafood Market is estimated to reach USD XX billion by 2033 with a CAGR XX%.
The report includes an in-depth analysis of the Middle East and Africa Seafood Market, including market size and trends, product mix, distribution channels, and supplier analysis. Seafood includes nutritious aquatic animals that are used in many different types of cuisine. Anchovies, bass, pomfrets, bluefish, carp, cod, flounder, haddock, halibut, herring, mahi-mahi, salmon, sardines, trout, and tuna are among the many fish that fall under this division. It also includes a variety of crustaceans and shellfish, such as shellfish, crayfish, lobsters, prawns, shrimp, abalone, clams, conch, mussels, octopuses, oysters, scallops, calamari, and crabs.
- Gulf Japan Food Fund has made an investment in Oman Fisheries Co. SAOG as of May 2022. As a result, Oman Fisheries was able to increase its presence in international markets.
- In February 2022, Asmak and Fish Farm, an aquaculture company based in the United Arab Emirates, announced a strategic distribution deal. In accordance with this arrangement, Asmak uses its processing facility and robust distribution channels—including wholesale, restaurant, and retail—to market fish farm products in order to reach a larger audience both locally and regionally.
Market Opportunities and Challenges
Opportunities: Growing Middle Class Demand: The growing middle class, especially in Gulf Cooperation Council (GCC) nations, is a major factor driving the growing demand for seafood across the Middle East and Africa. High-quality, imported fish products are becoming more and more popular as disposable incomes rise. Demand for a wide variety of seafood, including high-end and exotic types, is further fueled by the region's multicultural population and sizable expat community. Government programs that encourage healthy eating practices and food diversity serve to further support this desire. Consumption of seafood is also significantly influenced by the hospitality and tourism industries, particularly in large cities like Dubai and Riyadh.
Challenges: The MEA region's seafood market faces significant challenges from climate change and water scarcity. Fish populations are being impacted by rising water temperatures and shifting marine conditions, which can cause supply swings and change the availability of specific species. Furthermore, the expansion of aquaculture, which is widely viewed as a way to satisfy the rising demand for seafood, is constrained by water scarcity in arid places. In addition to forcing the business to embrace more sustainable methods and cutting-edge technologies, these environmental issues also raise expenses and cast doubt on the sector. For the seafood market in the area to remain sustainable over the long run, these problems must be resolved.
Market Competitive Landscape
The Seafood market in Middle East and Africa is fragmented. Some of the market key players are Blue Island PLC, Oman Fisheries Co. SAOG, Sea Pride LLC, and The Deep Seafood Company, National Fishing Company K.S.C.,
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Form, By Distribution Channel.
|
| Regions covered | Qatar, Saudi Arabia, United Arab Emirates, Egypt, Morocco, Nigeria, South Africa, Rest of Middle-East and Africa. |
| Companies Covered | Albatha Group, Almunajem Foods, Blue Island PLC, Enhance Group Holding Company Limited, National Fishing Company K.S.C., Oman Fisheries Co. SAOG, Sea Pride LLC, The Deep Seafood Company, Thomsun Group, Yamama Al-Baida Gen. Trading & Cont. Est., Others. |
COVID-19 Impact on Middle East and Africa Seafood Market
The Middle East and African seafood industries were severely disrupted by the COVID-19 epidemic, which led to several problems with supply chains, customer demand, and production. The market for more expensive seafood goods fell precipitously as a result of restaurants, hotels, and foodservice establishments closing during lockdowns, while supply chain disruptions made fresh seafood more difficult to get. These difficulties were made worse by port closures, labor shortages, and export restrictions, especially for nations that depend on the sale of seafood. However, the market began to revive as the pandemic ended and economies started to reopen, with consumers shifting toward home cooking and increasing demand for packaged and frozen seafood.
Key Target Audience:
- Government and Regulatory Authorities
- Solar Power Developers and EPC Contractors
- Investors and Financial Institutions
- Solar Panel Manufacturers and Suppliers
- Utility Companies and Energy Providers
- Commercial and Industrial Enterprises
- Residential Consumers
- Research and Development Organizations
Our in-depth analysis of the Middle East and Africa Seafood Market includes the following segments:
| By Type: | FishShrimpOthers |
| By Form: | CannedFresh/ ChilledFrozenProcessed |
| By Distribution Channel: | Off-TradeOn-Trade |
Key Topics Covered in the Report:
- Middle East and Africa Seafood Market Size (FY’2024-FY’2033)
- Overview of Middle East and Africa Seafood Market
- Segmentation of Middle East and Africa Seafood Market By Type (Fish, Shrimp, Others)
- Segmentation of Middle East and Africa Seafood Market By Form (Canned, Fresh/ Chilled, Frozen, Processed)
- Segmentation of Middle East and Africa Seafood Market By Distribution Channel (Off-Trade, On-Trade)
- Expansion Analysis of Middle East and Africa Seafood Market
- Problems and Obstacles in Middle East and Africa Seafood Market
- Competitive Landscape in the Middle East and Africa Seafood Market
- Impact of COVID-19 and Demonetization on Middle East and Africa Seafood Market
- Details on Current Investment in Middle East and Africa Seafood Market
- Competitive Analysis of Middle East and Africa Seafood Market
- Prominent Players in the Middle East and Africa Seafood Market
- SWOT Analysis of Middle East and Africa Seafood Market
- Middle East and Africa Seafood Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Middle East and Africa Seafood Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Middle East and Africa Seafood Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Middle East and Africa Seafood Market
7. Middle East and Africa Seafood Market, By Type (USD Million) 2020-2033
7.1. Middle East and Africa Seafood Market Size, Share and Forecast, By Type, 2020-2026
7.2. Middle East and Africa Seafood Market Size, Share and Forecast, By Type, 2027-2033
7.3. Fish
7.4. Shrimp
7.5. Others
8. Middle East and Africa Seafood Market, By Form (USD Million) 2020-2033
8.1. Middle East and Africa Seafood Market Size, Share and Forecast, By Form, 2020-2026
8.2. Middle East and Africa Seafood Market Size, Share and Forecast, By Form, 2027-2033
8.3. Canned
8.4. Fresh/ Chilled
8.5. Frozen
8.6. Processed
9. Middle East and Africa Seafood Market, By Distribution Channel (USD Million) 2020-2033
9.1. Middle East and Africa Seafood Market Size, Share and Forecast, By Distribution Channel, 2020-2026
9.2. Middle East and Africa Seafood Market Size, Share and Forecast, By Distribution Channel, 2027-2033
9.3. Off-Trade
9.4. On-Trade
10. Middle East and Africa Seafood Market Forecast, 2020-2033 (USD Million)
10.1. Middle East and Africa Seafood Market Size and Market Share
11. Middle East and Africa Seafood Market, By Region, 2020-2033 (USD Million)
11.1. Middle East and Africa Seafood Market Size and Market Share By Region (2020-2026)
11.2. Middle East and Africa Seafood Market Size and Market Share By Region (2027-2033)
11.3. Qatar
11.4. Saudi Arabia
11.5. United Arab Emirates
11.6. Egypt
11.7. Morocco
11.8. Nigeria
11.9. South Africa
11.10. Rest of Middle-East and Africa
12. Company Profile
12.1. Albatha Group
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Almunajem Foods
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Blue Island PLC
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Enhance Group Holding Company Limited
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. National Fishing Company K.S.C.
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Oman Fisheries Co. SAOG
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Sea Pride LLC
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. The Deep Seafood Company
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Thomsun Group
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Yamama Al-Baida Gen. Trading & Cont. Est.
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Others
13. Conclusion
14. Reference Links
15. List of Abbreviations