Investment Opportunities in Middle East Seafood Market: Industry Outlook & Projections

Middle East Seafood Market Overview

Market Size in 2024: USD 16,378.7 Million

Market Size in 2033: USD 19,601.7 Million

Market Growth Rate 2025-2033: 2.02%

According to IMARC Group's latest research publication, "Middle East Seafood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", Middle East seafood market size reached USD 16,378.7 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 19,601.7 Million by 2033, exhibiting a growth rate (CAGR) of 2.02% during 2025-2033.

How Sustainable Practices Are Reshaping the Future of Middle East Seafood Market

• Revolutionizing Aquaculture Production: Saudi Arabia's aquaculture sector is experiencing remarkable expansion, with production volumes reaching 459,000 tons and sustainable farming practices driving the National Aquaculture Group's leadership in regional fish farming.
• Boosting Fresh Seafood Dominance: The fresh/chilled seafood segment commands an impressive 52% market share, reflecting the region's strong cultural preference for fresh products in traditional Middle Eastern cuisine and premium dining establishments.
• Enhancing Food Security: Government initiatives across the Gulf states are investing heavily in local fishing fleets and processing facilities, with companies like Almunajem Foods and Sea Pride LLC expanding operations to reduce import dependence.
• Strengthening Export Capabilities: Regional players are establishing new distribution networks, with The Deep Seafood Company and Blue Island PLC building cold chain infrastructure to serve both domestic and international markets.
• Supporting Tourism Growth: Saudi Vision 2030's hospitality sector expansion is driving seafood consumption in hotels and restaurants, creating new opportunities for premium seafood suppliers and specialty importers.

Grab a sample PDF of this report: https://www.imarcgroup.com/middle-east-seafood-market/requestsample

Middle East Seafood Market Trends & Drivers:

• The Middle East seafood market is experiencing steady growth thanks to changing consumer preferences and increased health consciousness. With the region's growing awareness of omega-3 fatty acids and protein benefits, demand for diverse seafood options continues to rise. Countries like Saudi Arabia are leading the charge with major investments in aquaculture infrastructure, while established companies like the National Aquaculture Group are expanding their operations to meet local demand. This shift toward healthier eating habits is creating opportunities across the value chain, from local fisheries to premium restaurants, making seafood a cornerstone of the region's evolving food landscape.
• The rise of tourism and hospitality sectors is significantly boosting seafood consumption across the Middle East. Saudi Arabia's Vision 2030 tourism objectives are driving increased hotel and restaurant seafood consumption, while Turkey's strategic position as a distribution hub for Gulf retailers is facilitating market growth. Urban centers are witnessing higher consumption rates as international cuisine gains popularity, with upscale dining establishments and fast-food chains incorporating more seafood options. This trend is particularly evident in the UAE and Qatar, where expatriate populations and tourism drive demand for diverse seafood products.
• The region's focus on food security and sustainability is reshaping the seafood industry landscape. Government initiatives across Gulf states are promoting local aquaculture development, with significant investments in modern farming techniques and processing facilities. Companies like Oman Fisheries Co. SAOG and Sea Pride LLC are adopting sustainable fishing practices while expanding their cold chain infrastructure. This emphasis on responsible sourcing is attracting international partnerships and technology transfers, creating a more robust and environmentally conscious seafood sector that serves both local and export markets.

Ask analyst of customized report: https://www.imarcgroup.com/request?type=report&id=20093&flag=E

Middle East Seafood Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

• Fish
• Shrimp
• Others

Form Insights:

• Fresh / Chilled
• Frozen / Canned
• Processed

Distribution Channel Insights:

• Off-Trade
• Convenience Stores
• Online Channel
• Supermarkets and Hypermarkets
• Others
• On-Trade

Country Insights:

• Saudi Arabia
• Turkey
• Israel
• United Arab Emirates
• Iran
• Iraq
• Qatar
• Kuwait
• Oman
• Jordan
• Bahrain
• Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent News and Developments in Middle East Seafood Market

• January 2025: The National Aquaculture Group announced the completion of its new sustainable fish farming facility in Saudi Arabia, incorporating advanced recirculating aquaculture systems that reduce water usage by 40% while increasing production capacity.
• February 2025: Almunajem Foods expanded its cold chain distribution network with three new processing centers across the Gulf states, enabling same-day delivery of fresh seafood to major hotels and restaurants in Dubai, Doha, and Kuwait City.
• March 2025: Sea Pride LLC launched its innovative online seafood marketplace platform, connecting local fishermen directly with restaurants and consumers, resulting in a 25% reduction in supply chain costs and improved product freshness.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales:@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-201971-6302