Middle East and Africa Aquaculture Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Aquatic Plants, Fish, Crustaceans, Mollusca, and Others) and Culture Environment (Fresh Water, Brackish Water, and Marine Water)

Code: TIPRE00028622 | Pages: 96 | Industry: Food and Beverages | Date: Apr 2022 | Type: Regional

The aquaculture market in the MEA is expected to grow from US$ 16,125.65 million in 2021 to US$ 22,333.16 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028.

 

Aquaculture is an efficient method of fish production, which is ecologically effective and involves lower costs, as these ventures can be operated at a large as well as a small scale. Currently, the aquaculture business is hampered by concerns regarding its contribution to water pollution, adverse impact on the environment, and threat to coastal ecosystems. However, advancements in technologies facilitating effective disease management and environmental management, and genetic improvements in cultured species are expected to bring significant changes in the field of aquaculture in the coming years.

The high growth in demand for fish oil, which is largely used as a dietary supplement in the healthcare, pharmaceuticals, and food industries, is highlighting the need for scaling up fish production. Fish oil is an efficient source of vitamin A and D and is considered the most significant source of vitamins for human consumption, after wild fish. Currently, fish oil accounts for a small percentage of total edible oil production. However, the percentage is expected to rise in the coming years owing to the health benefits of fish oil. Due to its omega-3 fatty acids content, fish oil is widely used in dietary supplements. It also reduces the level of triglyceride in the body, and minimizes the chances of heart disease and stroke. In the cosmetics industry, fish oil helps overcome skin disorders such as dermatitis, skin cancer, and allergy. In medical applications, it helps maintain heart health, prevent mental disorders, shred weight, enhance eye health, support healthy skin, and manage depression-related symptoms. Fish oil is considered as the fastest-growing protein source segment in the MEA food supply chain. It is also widely replacing genetically modified (GM) plant oil.

 

South Africa has recorded the highest number of COVID-19 cases in the MEA, followed by Saudi Arabia and the UAE. Due to the lockdown in countries in this region, the distribution network was significantly disrupted in 2020, affecting the sales of companies operating in the aquaculture market. However, the circumstances improved to some extent in 2021. The marketplace is experiencing positive recovery signs, and the sales of seafood products have surged. Moreover, the UAE is the center of tourist attractions and has a well-established hospitality industry. With the easing of the lockdown restrictions and travel bans, the demand for seafood from the hospitality sector is projected to grow significantly in the coming years, thereby driving the aquaculture market growth.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA aquaculture market at a good CAGR during the forecast period.

 

MEA Aquaculture Market Revenue and Forecast to 2028 (US$ Million)

MEA Aquaculture Market Revenue and Forecast to 2028 (US$ Million)

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MEA Aquaculture Market Segmentation

 

Market, by Product

  • Aquatic Plants
  • Fish
  • Crustaceans
  • Mollusca
  • Others

Market, by Culture Environment

  • Fresh Water
  • Brackish Water
  • Marine Water

Market, by Country

  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of MEA

Companies Mentioned

  • Cermaq Group AS
  • JBS S.A.
  • Mowi ASA
  • Stolt-Nielsen Limited
  • Thai Union Group PCL

 

 

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           MEA Aquaculture Market Landscape

4.1         Market Overview

4.2.1        Bargaining Power of Suppliers

4.2.2        Bargaining Power of Buyers

4.2.3        Threat of New Entrants

4.2.4        Competitive Rivalry

4.2.5        Threat of Substitutes

4.3         Expert Opinions

5.           MEA Aquaculture Market – Key Industry Dynamics

5.1         Key Market Drivers

5.1.1        High Demand in Consumption of Seafood

5.1.2        Favourable Government Initiatives Boosting the Adoption of Aquaculture

5.2         Restraints

5.2.1        Hazardous Impact on the Environment

5.3         Opportunity

5.3.1        RAS Technology Getting Popular

5.4         Future trends

5.4.1        Growing Use of Fish Oil in Several Industries is Expected to Boost the Demand for Aquaculture

5.5         Impact Analysis of Drivers and Restraints

6.           Aquaculture Market – MEA Analysis

6.1         MEA Aquaculture Market Overview

6.2         MEA Aquaculture Market Forecast and Analysis

7.           MEA Aquaculture Market Analysis – by Product Type

7.1         Overview

7.2         MEA Aquaculture Market Breakdown, By Product Type, 2020 & 2028

7.3         Aquatic Plants

7.3.1        Overview

7.3.2        MEA Aquatic Plants Market Revenue Forecasts To 2028 (US$ Million)

7.4         Fish

7.4.1        Overview

7.4.2        MEA Fish Market Revenue Forecasts To 2028 (US$ Million)

7.5         Crustaceans

7.5.1        Overview

7.5.2        MEA Crustaceans Market Revenue Forecasts To 2028 (US$ Million)

7.6         Mollusca

7.6.1        Overview

7.6.2        MEA Mollusca Market Revenue Forecasts To 2028 (US$ Million)

7.7         Others

7.7.1        Overview

7.7.2        MEA Others Market Revenue Forecasts To 2028 (US$ Million)

8.           MEA Aquaculture Market Analysis – By Culture Environment

8.1         Overview

8.2         MEA Aquaculture Market Breakdown, By Culture Environment, 2020 & 2028

8.3         Fresh Water

8.3.1        Overview

8.3.2        MEA Fresh Water Aquaculture Market Revenue Forecasts To 2028 (US$ Million)

8.4         Brackish Water

8.4.1        Overview

8.4.2        MEA Brackish Water Aquaculture Market Revenue Forecasts To 2028 (US$ Million)

8.5         Marine Water

8.5.1        Overview

8.5.2        MEA Marine Water Aquaculture Market Revenue Forecasts To 2028 (US$ Million)

9.           MEA Aquaculture Market – Country Analysis

9.1         Overview

9.1.1        MEA Aquaculture Market Breakdown, by Key Countries

9.1.1.1          South Africa Aquaculture Market Revenue Forecasts to 2028 (US$ Million)

9.1.1.1.1          South Africa Aquaculture Market Breakdown by Product Type

9.1.1.1.2          South Africa Aquaculture Market Revenue Share, South Africa Aquaculture Market Breakdown by Culture Environment

9.1.1.2          Saudi Arabia Aquaculture Market Revenue Forecasts to 2028 (US$ Million)

9.1.1.2.1          Saudi Arabia Aquaculture Market Breakdown by Product Type

9.1.1.2.2          Saudi Arabia Aquaculture Market Breakdown by Culture Environment

9.1.1.3          UAE Aquaculture Market Revenue Forecasts to 2028 (US$ Million)

9.1.1.3.1          UAE Aquaculture Market Breakdown by Product Type

9.1.1.3.2          UAE Aquaculture Market Breakdown by Culture Environment

9.1.1.4          Rest of the MEA Aquaculture Market Revenue Forecasts to 2028 (US$ Million)

9.1.1.4.1          Rest of the MEA Aquaculture Market Breakdown by Product Type

9.1.1.4.2          Rest of the MEA Aquaculture Market Breakdown by Culture Environment

10.        Impact of COVID-19 Pandemic on MEA Aquaculture Market

10.1      MEA: Impact Assessment of COVID-19 Pandemic

11.        Company Profiles

11.1      JBS S.A.

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.1.6     Key Developments

11.2      Cermaq Group AS

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.2.6     Key Developments

11.3      Mowi ASA

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.3.6     Key Developments

11.4      Stolt-Nielsen

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.4.6     Key Developments

11.5      Thai Union Group PCL.

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.5.6     Key Developments

12.        Appendix

12.1      About The Insight Partners

12.2      Glossary

 


LIST OF TABLES

Table 1.             MEA Aquaculture Market Revenue Forecasts to 2028 (US$ Million)

Table 2.             South Africa Aquaculture Market Revenue and Forecasts to 2028 – By Product Type (US$ Million)

Table 3.             South Africa Aquaculture Market Revenue and Forecasts to 2028 – By Culture Environment (US$ Million)

Table 4.             Saudi Arabia Aquaculture Market Revenue and Forecasts to 2028 – By Product Type (US$ Million)

Table 5.             Saudi Arabia Aquaculture Market Revenue and Forecasts to 2028 – By Culture Environment (US$ Million)

Table 6.             UAE Aquaculture Market Revenue and Forecasts to 2028 – By Product Type (US$ Million)

Table 7.             UAE Aquaculture Market Revenue and Forecasts to 2028 – By Culture Environment (US$ Million)

Table 8.             Rest of the MEA Aquaculture Market Revenue and Forecasts to 2028 – By Product Type (US$ Million)

Table 9.             Rest of the MEA Aquaculture Market Revenue and Forecasts to 2028 – By Culture Environment (US$ Million)

Table 10.          Glossary of terms, MEA Aquaculture Market

 


LIST OF FIGURES

Figure 1.           MEA Aquaculture Market Segmentation

Figure 2.           MEA Aquaculture Market Segmentation – By Country

Figure 3.           MEA Aquaculture Market Overview

Figure 4.           Marine Water Segment Held Largest Share in the MEA Aquaculture Market

Figure 5.           Rest of MEA Held the Largest Share in the MEA Aquaculture Market

Figure 6.           Porter's Five Forces Analysis

Figure 7.           Expert Opinion

Figure 8.           MEA Aquaculture Market Impact Analysis of Driver and Restraints

Figure 9.           MEA Aquaculture Market Forecast and Analysis, (US$ Million)

Figure 10.        MEA Aquaculture Market Breakdown by Product Type, 2020 & 2028 (%)

Figure 11.        MEA Aquatic Plants Market Revenue Forecasts To 2028 (US$ Million)

Figure 12.        MEA Fish Market Revenue Forecasts To 2028 (US$ Million)

Figure 13.        MEA Crustaceans Market Revenue Forecasts To 2028 (US$ Million)

Figure 14.        MEA Mollusca Market Revenue Forecasts To 2028 (US$ Million)

Figure 15.        MEA Others Market Revenue Forecasts To 2028 (US$ Million)

Figure 16.        MEA Aquaculture Market Breakdown by Culture Environment, 2020 & 2028 (%)

Figure 17.        MEA Fresh Water Aquaculture Market Revenue Forecasts To 2028 (US$ Million)

Figure 18.        MEA Brackish Water Aquaculture Market Revenue Forecasts To 2028 (US$ Million)

Figure 19.        MEA Marine Water Aquaculture Market Revenue Forecasts To 2028 (US$ Million)

Figure 20.        MEA Aquaculture Market Revenue and Forecasts to 2028 (US$ Million)

Figure 21.        MEA Aquaculture Market Breakdown by Key Countries, 2020 & 2028 (%)

Figure 22.        South Africa Aquaculture Market Forecasts to 2028 (US$ Million)

Figure 23.        Saudi Arabia Aquaculture Market Forecasts to 2028 (US$ Million)

Figure 24.        UAE Aquaculture Market Forecasts to 2028 (US$ Million)

Figure 25.        Rest of the MEA Aquaculture Market Forecasts to 2028 (US$ Million)

Figure 26.        Impact of COVID-19 Pandemic in the MEA Country Markets

  1. Cermaq Group AS
  2. JBS S.A.
  3. Mowi ASA
  4. Stolt-Nielsen Limited
  5. Thai Union Group PCL
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