Middle East and Africa Seafood Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Fish, Crustaceans, Mollusca, and Others), Product Type (Fresh, Frozen, Canned, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Store, Specialty Store, Online, and Others), and Country
MIDDLE EAST AND AFRICA SEAFOOD MARKET RD
Middle East and Africa Seafood Market to 2027 – COVID-19 Impact and Analysis – by Type (Fish, Crustaceans, Mollusca, and Others), Product Type (Fresh, Frozen, Canned, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Store, Specialty Store, Online, and Others), and Country
Pages: 111
Market Introduction
As per the Food and Drug Administration (FDA), seafood encompasses all commercially obtained saltwater and freshwater fish, molluscan shellfish, and crustaceans. The demand for seafood is anticipated to witness a dramatic growth across the globe owing to its health benefits. According to the Food and Agriculture Organization (FAO) it is predicted that by 2030, an excess value of 40 million additional tons of seafood, which is an increment of almost 30% will be required to meet the rising demand. Rising per capita consumption accompanied by the affluent nations demand for imported seafood products is considered to strengthen the market further. The demand for seafood products across specialty restaurants is growing at a robust pace in recent times. A large population of consumers prefers to eat seafood over other cuisines, and this is major factor that propels the market expansion. Moreover, coastal regions are implementing concerted efforts to develop advanced supply chains for the export and supply of seafood. Also, the growth of the seafood market highly depends on the ease of procuring seafood from coastal regions. Furthermore, the improvement in economic condition and progression in disposable income levels also helped the market growth. The countries in the region are witnessing strong urbanization trend and it resulted in the increase in disposable income among the middle-income groups, subsequently adding to the middle-class population. The medium as well as high-income consumers in urban areas are changing their consumption trend from essential to premium food products. This trend favors seafood companies and suppliers to improve their product and service line in the seafood segment.
Market Overview and Dynamics
The Middle East and Africa Seafood market is expected to reach US$ 10,738.16 Million in 2027 from US$ 9,335.80 Million in 2019. The market is anticipated to grow with a CAGR of 1.8% from 2020-2027. Health benefits associated with seafood attracts health conscious consumers and this aids in the growth of the market.
Key Market Segments
By type, the fish segment accounted for the largest market share in the Middle East and Africa seafood market in 2019. In terms of product type, the fresh segment held the largest market share of the seafood market in 2019. In terms of distribution channel, the supermarket and hypermarket segment held the largest market share of the seafood market in 2019.
Major Sources and Companies Listed
Some of the major primary and secondary sources for seafood market included in the report are, Kangamiut Seafood A/S, Mowi ASA, The Union Group PCL, and Grupo Nueva Pescanova.
Reasons to buy the report
- To understand the seafood market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for seafood market
- Efficiently plan M&A and partnership deals in seafood market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form seafood market
- Obtain market revenue forecast for market by various segments from 2018-2027 in seafood.
ASIA PACIFIC SEAFOOD MARKET SEGMENTATION
- Fish
- Crustaceans
- Mollusca
- Others
- Middle East and Africa Seafood Market – By Product Type
- Fresh
- Frozen
- Canned
- Others
- Supermarkets and Hypermarkets
- Convenience Store
- Specialty Store
- Online
- Others
- Company Profiles
- Kangamiut Seafood A/S
- Mowi ASA
- The Union Group PCL
- Grupo Nueva Pescanova
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Middle East and Africa Seafood Market, by Type
1.3.2 Middle East and Africa Seafood Market, by Product Type
1.3.3 Middle East and Africa Seafood Market, by Distribution Channel
1.3.4 Middle East and Africa Seafood Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Seafood Market Landscape
4.1 Market Overview
4.2 Middle East and Africa PEST Analysis
5. Seafood Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Health Benefits Associated With Seafood Attracts Health Conscious Consumers
5.1.2 Increased Demand for Frozen and Canned Seafood
5.2 Market Restraints
5.2.1 Increasing Veganism Across Middle East and Africa
5.3 Market Opportunities
5.3.1 Escalating Online Sales Coupled With Growing Government Initiatives
5.4 Future Trends
5.4.1 Growing Demand for Sustainable Seafood Products
5.5 Impact Analysis of Drivers and Restraints
6. Seafood – Middle East and Africa Market Analysis
6.1 Seafood Market Overview
6.2 Middle East and Africa Seafood Market –Revenue and Forecast to 2027 (US$ Million)
7. Seafood Market Analysis – By Type
7.1 Overview
7.2 Middle East and Africa Seafood Market, By Type (2019 and 2027)
7.3 Fish
7.3.1 Overview
7.3.2 Fish: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
7.4 Crustaceans
7.4.1 Overview
7.4.2 Crustaceans: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
7.5 Mollusca
7.5.1 Overview
7.5.2 Mollusca: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
8. Seafood Market Analysis – By Product Type
8.1 Overview
8.2 Middle East and Africa Seafood Market, By Product Type (2019 and 2027)
8.3 Fresh
8.3.1 Overview
8.3.2 Fresh: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
8.4 Frozen
8.4.1 Overview
8.4.2 Frozen: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
8.5 Canned
8.5.1 Overview
8.5.2 Canned: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
9. Seafood Market Analysis – By Distribution Channel
9.1 Overview
9.2 Middle East and Africa Seafood Market, By Distribution Channel (2019 and 2027)
9.3 Supermarkets and Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets and Hypermarkets: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
9.4 Convenience Stores
9.4.1 Overview
9.4.2 Convenience Stores: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
9.5 Specialty Stores
9.5.1 Overview
9.5.2 Specialty Stores: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
9.6 Online
9.6.1 Overview
9.6.2 Online: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
10. Middle East and Africa Seafood Market – Country Analysis
10.1 Overview
10.1.1 Middle East and Africa: Seafood Market, by Key Country
10.1.1.1 South Africa: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.1.1 South Africa: Seafood Market, by Type
10.1.1.1.2 South Africa: Seafood Market, by Product Type
10.1.1.1.3 South Africa: Seafood Market, by Distribution Channel
10.1.1.2 Saudi Arabia: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.2.1 Saudi Arabia: Seafood Market, by Type
10.1.1.2.2 Saudi Arabia: Seafood Market, by Product Type
10.1.1.2.3 Saudi Arabia: Seafood Market, by Distribution Channel
10.1.1.3 U.A.E: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.3.1 UAE: Seafood Market, by Type
10.1.1.3.2 UAE: Seafood Market, by Product Type
10.1.1.3.3 UAE: Seafood Market, by Distribution Channel
10.1.1.4 Rest of Middle East and Africa: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.4.1 Rest of MEA: Seafood Market, by Type
10.1.1.4.2 Rest of MEA: Seafood Market, by Product Type
10.1.1.4.3 Rest of MEA: Seafood Market, by Distribution Channel
11. Impact of COVID-19 Pandemic on Middle East and Africa Seafood Market
11.1 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 Kangamiut Seafood A/C
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.2 Mowi ASA
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Thai Union Group PCL
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Grupo Nueva Pescanova
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Middle East and Africa Seafood Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. Saudi Arabia Seafood Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. Saudi Arabia Seafood Market, by Nature – Revenue and Forecast to 2027 (US$ Million)
Table 4. Saudi Arabia Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Million)
Table 5. UAE Seafood Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 6. UAE Seafood Market, by Nature – Revenue and Forecast to 2027 (US$ Million)
Table 7. UAE Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Million)
Table 8. Rest of MEA Seafood Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 9. Rest of MEA Seafood Market, by Nature – Revenue and Forecast to 2027 (US$ Million)
Table 10. Rest of MEA Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Million)
Table 11. Glossary of Terms, Middle East and Africa Seafood Market
LIST OF FIGURES
Figure 1. Middle East and Africa Seafood Market Segmentation
Figure 2. Middle East and Africa Seafood Market Segmentation – By Country
Figure 3. Middle East and Africa Seafood Market Overview
Figure 4. Fish Segment Held Largest Share of Middle East and Africa Seafood Market
Figure 5. Saudi Arabia Region Held Largest Share of Middle East and Africa Seafood Market
Figure 6. Middle East and Africa Seafood Market, Key Market Players
Figure 7. MEA: PEST Analysis
Figure 8. Middle East and Africa Seafood Market Impact Analysis of Driver and Restraints
Figure 9. Middle East and Africa: Seafood Market – Revenue and Forecast to 2027 (US$ Million)
Figure 10. Middle East and Africa Seafood Market Revenue Share, by Type (2019 and 2027)
Figure 11. Fish: Middle East and Africa Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 12. Crustaceans: Middle East and Africa Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 13. Mollusca: Middle East and Africa Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 14. Others: Middle East and Africa Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 15. Middle East and Africa Seafood Market Revenue Share, by Product Type (2019 and 2027)
Figure 16. Fresh: Middle East and Africa Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. Frozen: Middle East and Africa Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 18. Canned: Middle East and Africa Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. Others: Middle East and Africa Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. Middle East and Africa Seafood Market Revenue Share, by Distribution Channel (2019 and 2027)
Figure 21. Supermarkets and Hypermarkets: Middle East and Africa Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 22. Convenience Stores: Middle East and Africa Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. Specialty Stores: Middle East and Africa Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. Online: Middle East and Africa Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 25. Others: Middle East and Africa Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 26. Middle East and Africa: Seafood Market Revenue Share, by Key Country (2019 and 2027)
Figure 27. South Africa: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. Saudi Arabia: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 29. U.A.E: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 30. Rest of Middle East and Africa: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in Middle East And Africa Country Markets
MEA Seafood Market–List of 4 Companies
- Kangamiut Seafood A/S
- Mowi ASA
- The Union Group PCL
- Grupo Nueva Pescanova
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Middle East and Africa seafood market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.