Analysis of the Fisheries and Aquaculture Sector in GCC Region - Fishes and Invertebrates with Production, Consumption, Import and Export Data and Trends 2017 - 2022

  • ID: 4388935
  • Report
  • 100 pages
  • Mordor Intelligence
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Despite being low on water, the GCC is rich in terms of fisheries resources. The region is surrounded by a large number of seas and gulfs, including the Gulf of Aden, the Red Sea, the Persian Gulf, and the Arabian Sea. The market for fisheries and aquaculture in the GCC region was worth USD XX million in 2016 and is expected to grow at a CAGR of XX%. Since 1961, the production has been increasing at a CAGR of XX% annually in the Middle East, currently standing at 392,000 tons per year regionally. Fish consumption in the GCC is estimated at 10 kg per person per year, with UAE on top with 33 kg. Population growth and rising affluence mean increasing demand for fish, which is projected to grow at around 8% per annum up to 2030, reaching 900,000 tons by UAE alone. Fish supply in the GCC countries must increase by 20% to meet the region’s current levels of consumption.

Drivers
GCC is one of the highest consumers of fish, with an increasing reliance on it in the absence of an active agricultural ecosystem. The per capita consumption in the Middle East was 9.9 kg per as of 2010. The consumption of fish in the GCC region is on the rise, indicating the need for increasing production. Economic diversification, an increase in population, affluence, preference for protein rich food, impetus by the government to improve self-sufficiency in terms of food are factors promoting growth in this sector.

Restraints and Challenges
The major problems in production include unsustainable capture fishing practices, overfishing in common fishing waters, insufficient consolidation and systemizing the informal fisheries sector, etc. The lack of knowledge dissemination, poor management of resources, and a lack of labor as the incidence of migrant labor from the Philippines, Bangladesh, and India in the fisheries sector is on the decline also constrain the market.

Opportunities
The demand and per capita consumption of fish products continues to increase from the previous year’s production. This is mainly due to the rising awareness about the health benefits of consuming fish among the upcoming generation. In order to meet this demand, there is a strong requirement of investments in the aquaculture market in the gulf region.

Key Deliverables:
  • Market dynamics:
  • Competition:
  • Company profiles: Pertinent details about leading, high growth, and innovation-motivated stakeholders; with contact, operations, product/service offerings, financials, strategies, and insights.
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1 INTRODUCTION
1.1 DESCRIPTION
1.2 RESEARCH METHODOLOGY
1.3 REPORT OUTLINE
1.3.1 REGIONAL PRODUCTION, IMPORT & EXPORT
1.3.3 CONSUMPTION
2 EXECUTIVE SUMMARY
3 MARKET OVERVIEW
3.1 CURRENT MARKET SCENARIO
3.2 VALUE CHAIN ANALYSIS
3.3 MARKET DYNAMICS
3.3.1 FACTORS DRIVING THE MARKET
3.3.1.1 INCREASE IN POPULATION
3.3.1.2 INCREASE IN AFFLUENCE
3.3.1.3 FOCUS ON DIVERSIFICATION
3.3.1.4 CHANGING DIET PREFERENCES
3.3.2 FACTORS RESTRAINING THE MARKET
3.3.2.1 LOW LEVEL OF INFORMAL FISHERIES CONSOLIDATION
3.3.2.2 UNSUSTAINABLE CAPTURE FISHING PATTERNS
3.3.2.3 LOW LEVEL OF KNOWLEDGE & TECHNOLOGY DISSEMINATION
3.3.3 OPPORTUNITIES IN THE MARKET
3.3.3.1 GOVERNMENT POLICIES PUSHING AQUACULTURE
3.3.3.2 ONLINE SHOPPING FOR FISH
3.3.3.3 NEW AQUACULTURE AND MARICULTURE TECHNOLOGIES
4 PRODUCTION, IMPORT & EXPORT, BY WEIGHT AND VALUE
4.1 PELAGIC FISH
4.1.1 SARDINES
4.1.2 MACKEREL
4.1.3 TUNA
4.1.4 BARRACUDA
4.2 DEMERSAL
4.2.1 GROUPER
4.2.2 TRAVELLEY
4.2.3 EMPEROR
4.2.4 PROMFRET
4.3 FRESHWATER FISH
4.3.1 TILAPIA
4.4 SCALLOP
4.5 SHRIMP
4.6 LOBSTERS
4.7 CAVIAR
5 REGIONAL MARKET
5.1 SAUDI ARABIA
5.1.1 OVERVIEW OF LOCAL PRODUCTION
5.1.2 MARKET SIZE (VALUE AND VOLUME)
5.1.3 GOVERNMENT POLICIES
5.1.4 EXPORTS (VALUE AND VOLUME)
5.1.5 IMPORTS (VALUE AND VOLUME)
5.1.6 RETAIL LAYOUT
5.2 UAE
5.2.1 OVERVIEW OF LOCAL PRODUCTION
5.2.2 MARKET SIZE (VALUE AND VOLUME)
5.2.3 GOVERNMENT POLICIES
5.2.4 EXPORTS (VALUE AND VOLUME)
5.2.5 IMPORTS (VALUE AND VOLUME)
5.2.6 RETAIL LAYOUT
5.3 OMAN
5.3.1 OVERVIEW OF LOCAL PRODUCTION
5.3.2 MARKET SIZE (VALUE AND VOLUME)
5.3.3 GOVERNMENT POLICIES
5.3.4 EXPORTS (VALUE AND VOLUME)
5.3.5 IMPORTS (VALUE AND VOLUME)
5.3.6 RETAIL LAYOUT
5.4 QATAR
5.4.1 OVERVIEW OF LOCAL PRODUCTION
5.4.2 MARKET SIZE (VALUE AND VOLUME)
5.4.3 GOVERNMENT POLICIES
5.1.4 EXPORTS (VALUE AND VOLUME)
5.1.5 IMPORTS (VALUE AND VOLUME)
5.1.6 RETAIL LAYOUT
5.5 BAHRAIN
5.5.1 OVERVIEW OF LOCAL PRODUCTION
5.5.2 MARKET SIZE (VALUE AND VOLUME)
5.5.3 GOVERNMENT POLICIES
5.5.4 EXPORTS (VALUE AND VOLUME)
5.5.5 IMPORTS (VALUE AND VOLUME)
5.5.6 RETAIL LAYOUT
5.6 KUWAIT
5.6.1 OVERVIEW OF LOCAL PRODUCTION
5.6.2 MARKET SIZE (VALUE AND VOLUME)
5.6.3 GOVERNMENT POLICIES
5.6.4 EXPORTS (VALUE AND VOLUME)
5.6.5 IMPORTS (VALUE AND VOLUME)
5.6.6 RETAIL LAYOUT
7 COMPETITIVE LANDSCAPE
7.1 COMPANY PROFILES
7.2 PORTER’S FIVE-FORCES ANALYSIS
7.3 STRATEGIES
8 INVESTMENT ANALYSIS
8.1 RECENT PROJECTS
8.2 INVESTOR OUTLOOK
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