IMARC Group, a leading global market research and management consulting firm, has published its latest market intelligence report on the Saudi Arabia seafood market. The Saudi Arabia seafood market increased from USD 3.41 Billion in 2025 to USD 3.50 Billion in 2026, and is projected to reach USD 4.28 Billion by 2034, exhibiting a CAGR of 2.54% during 2026-2034, driven by Vision 2030 food security and aquaculture investments, rising health consciousness among the Saudi population, and the rapid growth of tourism and hospitality sectors.

Seafood benefits from deep-rooted cultural consumption traditions and a structural supply-side transformation underway across the Kingdom, with Vision 2030's aquaculture scale-up program set to reshape the origin mix of seafood available in Saudi markets. The market is forecast to add approximately USD 780 Million in incremental value between 2026 and 2034, with three structural forces shaping this trajectory: the largest domestic aquaculture production scale-up in the Kingdom's history, a decisive shift of retail sales toward modern off-trade and e-commerce channels, and rising demand from the tourism and hospitality sectors surrounding Hajj and Umrah.

Saudi Arabia Seafood Market at a Glance:

How Technology is Reshaping the Future of the Saudi Arabia Seafood Market

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Saudi Arabia Seafood Market Trends and Drivers:

Vision 2030's food security strategy is the foundational driver behind the market's structural transformation, with government aquaculture programs targeting an increase in domestic production from 80,000 tons in 2018 to 600,000 tons by 2030, generating sustained investment across fishing, processing, and cold chain infrastructure. Fish leads the type mix at 48.6% share, reflecting deep cultural preference for hamour and other Red Sea and Arabian Gulf species alongside growing imported salmon consumption, while Shrimp, at 32.4% share and growing at approximately 3.1% CAGR, is expanding on the back of the National Aquaculture Group's Red Sea shrimp farming capacity.

Tourism and hospitality sector expansion is compounding this growth, with Saudi Arabia welcoming 116 million domestic and inbound tourists in 2024, driving commensurate growth in hotel and restaurant seafood procurement, particularly during the annual Hajj and Umrah seasons. Off-trade channels dominate distribution at 63.5% share as modern supermarket and hypermarket penetration deepens across all Saudi cities, positioning Off-Trade as the market's structurally dominant distribution format through 2034.

Regional dynamics reflect the Kingdom's dual coastline advantage. The Western Region's dominant 29.6% share in 2025 reflects Jeddah's status as the Kingdom's primary seafood import gateway, processing the majority of Saudi Arabia's seaborne imports through the Islamic Port, while the Eastern Region, at 26.3% share, is the fastest-growing region at approximately 2.9% CAGR, underpinned by its large expatriate community and industrial workforce demand.

Government Schemes and Vision 2030 Initiatives Driving Demand:

Saudi Arabia Seafood Industry Segmentation:

The report has segmented the market into the following categories:

Breakup By Type:

Fish commands a 48.6% majority share in 2025, reflecting the deep-rooted cultural significance of fish in Saudi coastal communities alongside rising availability of premium imported species including Norwegian salmon, Omani hamour, and Indian tilapia. Shrimp holds 32.4% and is the fastest-growing type at approximately 3.1% CAGR, propelled by NAQUA's expanding Red Sea shrimp aquaculture capacity, while Others at 19.0%, comprising crab, squid, octopus, lobster, and shellfish, are predominantly served in premium restaurants and hotels.

Breakup By Form:

Breakup By Distribution Channel:

Off-trade channels dominate with 63.5% share in 2025, encompassing supermarkets, hypermarkets, traditional fish souks, and online delivery, with retailers such as Panda Retail investing heavily in fresh seafood counter expansion and premium frozen seafood aisles. On-trade channels, at 36.5% share and growing at approximately 2.3% CAGR, are underpinned by large-scale catering for NEOM and giga-project construction camps alongside restaurant and hotel foodservice demand.

Breakup By Region:

The Western Region commands 29.6% share in 2025, structurally supported by Jeddah's Islamic Port and the region's status as the Kingdom's primary seafood import gateway, alongside demand spikes driven by Hajj and Umrah pilgrimage traffic. The Eastern Region follows at 26.3%, sustained by Dammam's petrochemical industry workforce and a large expatriate community with strong seafood consumption traditions, while the Northern and Central Region holds 24.1% on Riyadh's inland metropolitan population, and the Southern Region's 20.0% share reflects Asir and Jizan's coastal fishing communities and emerging agri-food investment.

Competitive Landscape:

The Saudi Arabia seafood market is moderately fragmented, with integrated food importers competing alongside domestic aquaculture producers and specialty seafood distributors. The report provides detailed profiles of all major companies, including:

Almunajem Foods and National Aquaculture Group (NAQUA) lead the market as its two largest players, the former through integrated import and distribution scale and the latter through domestic aquaculture production leadership, while Arab Fisheries Co. and IZAFCO LLC maintain strong positions in commercial fishing and frozen seafood distribution respectively. No single company commands more than approximately 20% of total market revenue, and competitive differentiation is increasingly driven by cold chain infrastructure ownership and government panel contracts.

Market Concentration Analysis:

What Does The Full Report Cover?

If you are tracking the Saudi Arabia seafood market for investment decisions, market entry planning, competitive benchmarking, or strategic advisory, IMARC Group's report gives you everything in one place:

Recent News and Developments in Saudi Arabia Seafood Market

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Key Questions This Report Answers

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