GCC shrimp market report Size, Share, Growth Drivers, Trends, Opportunities & Forecast 2025–2030

GCC Shrimp Market Overview

• The GCC Shrimp Market is valued at USD 825 million, based on a five-year historical analysis. This growth is primarily driven by increasing consumer demand for seafood, health consciousness, and the rising popularity of shrimp as a versatile ingredient in various cuisines. The market has also benefited from advancements in aquaculture technology, which have improved production efficiency and sustainability.
• Key players in this market include Saudi Arabia, the United Arab Emirates, and Oman. These countries dominate due to their favorable climatic conditions for shrimp farming, significant investments in aquaculture infrastructure, and strong export capabilities. The strategic location of these nations also facilitates access to international markets, enhancing their competitive edge.
• The GCC region has implemented comprehensive regulatory frameworks to enhance the sustainability of shrimp farming practices. These regulations include mandatory compliance with environmental standards and certifications for aquaculture operations, ensuring that shrimp production is environmentally responsible and meets international quality standards. Governments and private entities across the GCC have been actively promoting sustainable aquaculture practices, which has led to a boost in domestic shrimp production, thus reducing reliance on imports.

GCC Shrimp Market Segmentation

By Species:The shrimp market is segmented into four primary species: Penaeus vannamei (Whiteleg shrimp), Penaeus monodon (Black tiger shrimp), Macrobrachium rosenbergii (Giant river prawn), and other species. Among these, Penaeus vannamei is the most dominant due to its fast growth rate, adaptability to various farming conditions, and high consumer preference. This species is widely cultivated in the region, contributing significantly to the overall shrimp production and meeting the increasing demand from both local and export markets.

By Shrimp Size:The shrimp market is categorized by size into small, medium, and large shrimp. Medium-sized shrimp are currently leading the market due to their versatility in culinary applications and consumer preference for portion sizes that are easy to cook and serve. The demand for medium shrimp is particularly high in the food service industry, where they are commonly used in various dishes, enhancing their market presence.

GCC Shrimp Market Competitive Landscape

The GCC Shrimp Market is characterized by a dynamic mix of regional and international players. Leading participants such as National Aquaculture Group (NAQUA), Saudi Fisheries Company, Asmak (International Fish Farming Holding Co.), Al Jaraf Fisheries, Al Qudra Holding, Emirates AquaTech, Al Watania Agriculture, Al Kabeer Group, Al Falah Fisheries, Al Mufeed Seafood, Al Zain Fisheries, Al Noor Fisheries, Al Ahlia Seafood, National Fish Company (Oman), Gulf Shrimp Company contribute to innovation, geographic expansion, and service delivery in this space.

GCC Shrimp Market Industry Analysis

Growth Drivers

• Increasing Consumer Demand for Seafood:The GCC region has witnessed a significant rise in seafood consumption, with per capita seafood consumption reaching approximately 16.5 kg in future. This trend is driven by a growing population and increasing disposable incomes, particularly in countries like the UAE and Saudi Arabia, where seafood is a staple. The demand for shrimp, in particular, has surged, with imports exceeding 210,000 tons annually, reflecting a robust market appetite for this protein source.
• Expansion of Aquaculture Practices:The aquaculture sector in the GCC is expanding rapidly, with production increasing by 12% annually, reaching around 110,000 tons in future. This growth is supported by investments in modern farming techniques and infrastructure, particularly in Saudi Arabia and Oman. The region's favorable climatic conditions and advancements in breeding technologies are enhancing shrimp yields, making aquaculture a vital contributor to local economies and food security.
• Government Support and Investment in Fisheries:Governments in the GCC are actively promoting the fisheries sector, with investments exceeding $600 million in future aimed at enhancing aquaculture and sustainable fishing practices. Initiatives include subsidies for shrimp farmers and the establishment of research centers to innovate sustainable practices. This support is crucial for boosting local production and reducing reliance on imports, aligning with national food security goals and economic diversification strategies.

Market Challenges

• Environmental Sustainability Concerns:The shrimp farming industry faces increasing scrutiny over its environmental impact, particularly regarding water usage and habitat destruction. In future, approximately 32% of shrimp farms in the GCC reported challenges related to water quality and sustainability practices. This has led to calls for stricter regulations and the adoption of eco-friendly farming methods, which could increase operational costs and affect profitability for producers.
• Supply Chain Disruptions:The GCC shrimp market is vulnerable to supply chain disruptions, particularly due to geopolitical tensions and global trade fluctuations. In future, delays in shipping and increased freight costs impacted the timely delivery of shrimp products, with average shipping times increasing by 25%. These disruptions can lead to price volatility and affect the availability of shrimp in local markets, posing challenges for retailers and consumers alike.

GCC Shrimp Market Future Outlook

The GCC shrimp market is poised for continued growth, driven by increasing consumer preferences for sustainable and healthy seafood options. As aquaculture practices evolve, technological advancements will likely enhance production efficiency and sustainability. Additionally, the rising trend of online sales channels is expected to reshape distribution strategies, making shrimp products more accessible. The focus on traceability and transparency in sourcing will further align with consumer demands for ethically produced seafood, fostering market resilience and expansion.

Market Opportunities

• Export Potential to International Markets:The GCC shrimp market has significant export potential, with demand from Europe and Asia increasing. In future, exports reached approximately 55,000 tons, indicating a growing interest in high-quality shrimp products. This trend presents opportunities for local producers to expand their market reach and enhance profitability through international trade agreements and partnerships.
• Development of Value-Added Shrimp Products:There is a rising demand for value-added shrimp products, such as ready-to-eat meals and frozen shrimp. In future, the value-added segment accounted for 30% of total shrimp sales in the GCC. This trend offers opportunities for manufacturers to innovate and cater to changing consumer preferences, potentially increasing market share and profitability in a competitive landscape.