Saudi Arabia Shrimp Market Size to Surpass USD 384.0 Million by 2033 | Exhibiting CAGR of 3.8%

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 was valued at USD 267.5 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 384.0 Million by 2033, exhibiting a CAGR of 3.8% during 2025-2033.

How AI is Reshaping the Future of Saudi Arabia Shrimp Market

• Optimizing Aquaculture Production: AI-driven monitoring systems are revolutionizing shrimp farming by tracking water quality, feeding patterns, and growth rates in real-time, with NAQUA's facilities utilizing smart sensors to maximize yield efficiency.
• Enhancing Disease Management: Advanced AI algorithms are predicting and preventing disease outbreaks in shrimp farms, enabling proactive health management and reducing mortality rates through early detection systems.
• Streamlining Supply Chain Operations: AI-powered logistics platforms are optimizing cold chain management and distribution networks, ensuring fresh shrimp delivery from farms to retailers while minimizing waste and transportation costs.
• Improving Breeding Programs: Machine learning technologies are accelerating genetic selection processes for disease-resistant shrimp varieties, supporting the Kingdom's goal of producing 600,000 tons of seafood annually by 2030.
• Supporting Smart Feeding Systems: AI-controlled automated feeding systems are optimizing nutrition delivery and reducing feed waste, contributing to sustainable aquaculture practices aligned with Vision 2030's environmental goals.

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Saudi Arabia Shrimp Market Trends & Drivers:

Saudi Arabia's shrimp market is experiencing robust growth driven by substantial government investments in aquaculture development through Vision 2030 initiatives. The establishment of Topian, a joint venture between NEOM and Tabuk Fisheries Company approved by the Ministry of Environment, Water and Agriculture (MEWA), represents a significant milestone in achieving the National Livestock and Fisheries Development Program's ambitious target of generating 600,000 tons of fish products annually by 2030. The project includes the largest hatchery in the MENA region with a planned capacity of 42 million fingerlings and marine pen production facilities capable of producing 20,000 tons of finfish per year. 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 thriving foodservice industry is significantly propelling shrimp market growth, with the Saudi Arabia foodservice market valued at USD 28.669 billion in 2024. Restaurants, hotels, and catering businesses are increasingly introducing diverse shrimp-based dishes including salads, kebabs, pasta, and sushi to meet growing consumer demand. This expansion is encouraging suppliers to strengthen cold chain infrastructure and storage facilities to ensure consistent, safe delivery. Strategic partnerships between commercial buyers and aquaculture farms are ensuring steady availability and quality standards, while the National Aquaculture Group (NAQUA) has emerged as the largest operation with plans to expand output to 250,000 tons annually by 2030, backed by a total investment of 4 billion SAR.

Rising health consciousness and demand for protein-rich seafood options are driving market expansion across Saudi Arabia. Shrimp's nutritional profile - high in protein, low in fat, and rich in omega-3 fatty acids, vitamin B12, and selenium - appeals to health-conscious consumers seeking alternatives to red meat. The growing urban population with higher disposable incomes is contributing to increased consumption in both household and commercial sectors. The expanding e-commerce market, projected to grow at 12.10% CAGR reaching USD 68.94 billion by 2033, is making premium shrimp products more accessible. Additionally, shrimp's versatility in global cuisines and its presence in the traditional Saudi diet continue to support sustained market demand.

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
• 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:

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

Competitive Landscape:

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

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Recent News and Developments in Saudi Arabia Shrimp Market

• February 2025: NEOM announced partnership with Tabuk Fisheries Company to establish Topian Aquaculture, creating the largest hatchery in the MENA region with capacity for 42 million fingerlings, supporting the national goal of 600,000 tons seafood production by 2030.
• April 2025: National Aquaculture Group (NAQUA) secured funding to expand production capacity to 250,000 tons annually by 2030, reinforcing Saudi Arabia's position as a leading aquaculture producer in the Middle East region.
• July 2025: Eastern Province fishermen commenced the 2024 shrimp season with 710 government-approved fishing boats, including enhanced monitoring systems and sustainable fishing practices to protect marine ecosystems while meeting growing domestic demand.

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