Investment Opportunities in Saudi Arabia's Shrimp Market: Industry Outlook & Projections

Saudi Arabia Shrimp Market Overview

Market Size in 2024: USD 267.5 Million

Market Size in 2033: USD 384.0 Million

Market Growth Rate 2025-2033: 3.8%

According to IMARC Group's latest research publication, "Saudi Arabia Shrimp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The Saudi Arabia shrimp market size reached USD 267.5 Million in 2024. The market is projected to reach USD 384.0 Million by 2033, exhibiting a growth rate (CAGR) of 3.8% during 2025-2033.

How AI is Reshaping the Future of Saudi Arabia Shrimp Market

• Optimizing Aquaculture Production Systems: AI-powered Recirculating Aquaculture Systems (RAS) and IoT sensors are revolutionizing shrimp farming operations, optimizing water quality management and reducing water consumption by 30-40% while maximizing production yields in Saudi Arabia's arid climate conditions, supporting sustainable aquaculture development aligned with Vision 2030 goals.
• Enhancing Disease Detection and Management: Machine learning algorithms integrated with underwater cameras and biosensors are enabling early detection of diseases and parasites in shrimp populations, reducing mortality rates by 25-30% and minimizing the need for chemical treatments while improving overall farm productivity and sustainability.
• Smart Feed Management and Nutrition: AI-driven feeding systems are optimizing feed conversion ratios and reducing waste through precise monitoring of shrimp behavior, feeding patterns, and growth rates, improving feed efficiency by 20-25% while reducing operational costs and environmental impact in commercial shrimp farming operations.
• Predictive Analytics for Harvest Optimization: Advanced data analytics and machine learning models are enabling farmers to predict optimal harvest timing, market demand patterns, and price fluctuations, improving profit margins by 15-20% while ensuring consistent supply to meet growing domestic demand for high-quality shrimp products.
• Automated Quality Control and Processing: AI-integrated vision systems and robotic technologies are enhancing shrimp processing and quality assurance, improving product consistency and safety standards while reducing manual labor requirements by 35-40% in processing facilities across the Kingdom.

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Saudi Arabia Shrimp Market Trends & Drivers:

Saudi Arabia's shrimp market is experiencing steady growth driven by the thriving foodservice industry, with the Kingdom's foodservice market valued at USD 28.67 billion in 2024, creating substantial demand for high-quality shrimp products across restaurants, hotels, and catering establishments. The expansion of dining venues offering diverse seafood dishes including shrimp salads, kebabs, pasta, and sushi is encouraging suppliers to strengthen cold chain infrastructure and storage facilities to ensure consistent and safe delivery to commercial buyers placing large, regular orders.

Government support for aquaculture development is accelerating market growth, with NEOM's collaboration with Tabuk Fisheries Company in April 2025 creating Topian Aquaculture, which was approved by the Ministry of Environment, Water and Agriculture (MEWA) to support the National Livestock and Fisheries Development Program's objective of generating 600,000 tons of fish products annually by 2030. Strategic government incentives including subsidies, grants, and low-interest loans are helping shrimp farmers expand operations and adopt modern cultivation practices, reducing reliance on imports and strengthening food security.

The growing consumer demand for healthy, protein-rich seafood options is driving market expansion, with health-conscious consumers increasingly choosing shrimp as a nutritious alternative to red meat and processed foods. Rising disposable incomes and the thriving e-commerce industry, projected to grow at 12.10% CAGR during 2025-2033 to reach USD 68.94 billion by 2033, are making premium shrimp products more accessible and desirable to Saudi consumers seeking convenient online purchasing options for high-quality seafood.

Saudi Arabia Shrimp Industry Segmentation:

The report has segmented the market into the following categories:

Environment Insights:

• Farmed Shrimp
• Wild Shrimp
• Species Insights:
• Penaeus Vannamei
• Penaeus Monodon
• Macrobrachium Rosenbergii
• Others

Shrimp Size Insights:

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

Distribution Channel Insights:

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

Breakup by Region:

• Western Region
• Eastern Region
• Southern Region

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Recent News and Developments in Saudi Arabia Shrimp Market

• April 2025: NEOM collaborated with Tabuk Fisheries Company to establish Topian Aquaculture, approved by the Ministry of Environment, Water and Agriculture (MEWA) to support the National Livestock and Fisheries Development Program's goal of generating 600,000 tons of fish products annually by 2030.
• February 2025: The hatchery component of the NEOM-Tabuk Fisheries joint venture is expected to become the largest in the MENA region by the end of 2024, with a planned capacity of 42 million fingerlings and marine-pen production facilities targeting 20,000 tons of finfish production per year.
• January 2025: Saudi Arabia's domestic aquaculture production is targeted to increase from 280,000 tons in 2024 to 530,000 tons annually by 2030, with whiteleg shrimp (Penaeus vannamei) representing the nation's main farmed species with forecast production of 60,800 metric tons.

Competitive Landscape:

The competitive landscape includes major players such as Almunajem Foods, Arasco, Jazan Energy and Development Company, National Prawn Group, and other key industry participants.

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