SAUDI ARABIA AQUACULTURE MARKET 2026

2016 –2026 SAUDI ARABIA AQUACULTURE MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

Scope of Report Product of Interest (POI): Aquaculture Aquaculture (less commonly spelled aquiculture), also known as aquafarming, is the controlled cultivation ("farming") of aquatic organisms such as fish, crustaceans, mollusks, algae and other organisms of value such as aquatic plants (e.g., lotus). Aquaculture involves cultivating freshwater and saltwater populations under controlled or semi-natural conditions, and can be contrasted with commercial fishing, which is the harvesting of wild fish. Market Segmentation REARING PRODUCT TYPE CULTURE SYSTEM DISTRIBUTION CHANNEL Year Range • Equipment • Extensive • Traditional Retail • Chemicals • Semi-Extensive • Supermarkets and • Fertilizers • Intensive Hypermarkets Review Period • Pharmaceuticals • Specialized Retailers 2016 – 2019 • Online Stores • Others Base Year CULTURE REGION v 2020 • Freshwater • Western PRODUCTION TYPE • Marine • Eastern Estimated Year • Brackish Water • Northern & Central • Small Scale • Southern • Medium & Large Scale 2021 SPECIES Forecast Period • Aquatic Animals 2022 – 2026 • Aquatic Plants 2

Table of Contents S. No. Contents Page No. Table of Contents 1. Product Overview (A brief description of the category and product inclusions considered under the scope of the study to give clear picture to the client about the product of interest.) 2. Research Methodology (A brief description of the category and product inclusions considered under the scope of the study to give clear picture to the client about the product of interest.) 3. Impact of COVID-19 on Saudi Arabia Aquaculture Market 4. Executive Summary (This chapter covers summary of the complete study.) 5. Voice of Customers 6. Saudi Arabia Aquaculture Market Outlook, 2016-2026F 6.1. Market Size & Forecast 6.1.1. By Value & Volume (Metric Tons) 6.2. Market Share & Forecast 6.2.1. By Rearing Product Type (Equipment, Chemicals, Fertilizers, Pharmaceuticals) By Equipment (Containment Equipment, Water Pumps and Filters, 6.2.1.1. Water Circulating and Aerating Equipment, Cleaning Equipment, Feeders, Others) 6.2.2. By Culture (Freshwater, Marine, Brackish Water) 6.2.3. By Species (Aquatic Animals v/s Aquatic Plants) 6.2.3.1. By Aquatic Animals (Shrimps, Tilapia, Crustaceans, Molluscs, Others) 6.2.3.2. By Aquatic Plants (Seaweeds, Microalgae, Others) 6.2.4. By Culture System (Extensive, Semi-Extensive, Intensive) 3

Table of Contents S. No. Contents Page No. 6.2.5. By Production Type (Small Scale v/s Medium & Large Scale) 6.2.6. By Distribution Channel (Traditional Retail, Supermarkets and Hypermarkets, Specialized Retailers, Online Stores, Others) 6.2.7. By Region 6.2.8. By Company (2020) 6.3. Product Market Map 7. Saudi Arabia Freshwater Aquaculture Market Outlook, 2016-2026F 7.1. Market Size & Forecast 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Rearing Product Type 7.2.2. By Species 7.2.3. By Culture System 7.2.4. By Culture System 7.2.5. By Distribution Channel 4

Table of Contents S. No. Contents Page No. 8. Saudi Arabia Marine Water Market Outlook, 2016-2026F 8.1. Market Size & Forecast 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1. By Rearing Product Type 8.2.2. By Species 8.2.3. By Culture System 8.2.4. By Culture System 8.2.5. By Distribution Channel 9. Saudi Arabia Brackish Water Market Outlook, 2016-2026F 9.1. Market Size & Forecast 9.1.1. By Value 9.2. Market Share & Forecast 9.2.1. By Rearing Product Type 9.2.2. By Species 9.2.3. By Culture System 9.2.4. By Culture System 9.2.5. By Distribution Channel 5

Table of Contents S. No. Contents Page No. 10. Market Dynamics (This chapter assesses the major demand drivers and restraints.) 10.1. Drivers 10.2. Challenges Market Trends & Developments (This section captures recent trends pertaining to manufacturing 11. or consumption, market movements in terms of points of production and consumption, advancements and development) 12. Policy & Regulatory Landscape 13. Import-Export Analysis (Seafood) 14. Saudi Arabia Economic Profile 15. Competitive Landscape 15.1. Competition Outlook 15.2. Company Profiles (Inclusive of SWOT Analysis) 15.2.1. Company Details 15.2.2. Products & Services 15.2.3. Financials (As Reported) 15.2.4. Key Market Focus & Geographical Presence 15.2.5. Recent Developments 15.2.6. Key Management Personnel 16. Strategic Recommendations 17. About Us & Disclaimer 6

RESEARCH METHODOLOGY

Research Methodology Market Formulating Developing List Data Data Data Profiling Questionnaire of Respondents Collection Validation Analysis In-depth secondary In order to conduct List of industry TechSci conducted Data obtained as a The data was scrutinized research was conducted to industry experts’ players and industry interviews with result of primary using MS-Excel, statistical determine top players in interviews, TechSci specialists was industry experts and and secondary tools and internal Saudi Arabia aquaculture formulated a detailed developed. industry players for research was proprietary database to market, overall market size discussion guide. data collection and validated through obtain qualitative and and segmental market size. verification. rigorous quantitative insights about triangulation. Saudi Arabia aquaculture market. Primary Research Desk Research Company Analysis Data Data Filter Research & Actionable Business ✓ Identifying Key Opinion ✓ Recent Developments ✓ Market Participants Collection & Analysis Intelligence Insights Solution ✓ Market Changing ✓ Key Strengths Leaders Aspects/Dynamics ✓ Questionnaire Design ✓ Government Policies ✓ In-depth Interviews ✓ Final Conclusion Primary Research Secondary Paid Sources Research ✓ LinkedIn ✓ Company Websites ✓ Factiva ✓ TechSci Internal ✓ Company Annual ✓ Hoovers Database Reports ✓ White Paper Study ✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body ✓ Associations, etc. 8

Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of Saudi Arabia aquaculture market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as aquaculture. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in SaudiArabia aquaculture market. Methodology Followed forCalculation of Market Size: • MarketSizeByValue :Marketsize, in terms of value , for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as aquaculture companies, distributors, suppliers, industry experts, and other industry participants. • The team interviewed more than 40 – 50 aquaculture companies, 180 – 200 end users, and 15 – 20 industry experts and other value chain stakeholders in Saudi Arabia aquaculture market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016- 2020. 9

Research Methodology • Respondents were asked about the current and future market growth rates, market shares by rearing product type, by culture, by species, by culture system, by production type, by distribution channel, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed forCalculation of Market Shares: • Market shares by rearing product type, by culture, by species, by culture system, by production type, by distribution channel, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares, trends and recent development in the Saudi Arabia aquaculture market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed forForecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/TableauSoftware. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Saudi Arabia aquaculture market, TechSci Research used various forecast techniques such as: ✓ Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis 10

Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long- term period to estimate the demand and to reach accurate market numbers. It shouldbenotedthatthefigures compiledareonlyfor the organized marketincludingmarket sharedata. Partial List of Companies Interviewed Key Secondary Sources ▪ National Aquaculture Group (NAQUA) ▪ World Bank ▪ JazanEnergy and Development Company ▪ TechSci Research Proprietary Database & Knowledge (Jazadco) Repository ▪ Tabuk Fisheries Company ▪ Company Annual Reports ▪ TharawatHoldings ▪ Industry Reports ▪ Aquaculture Sharq Farms ▪ Statista ▪ Saudi Fisheries Company ▪ News Dailies ▪ Arabian Shrimp Company ▪ Credible Paid Databases ▪ Arab Fisheries Co ▪ Sami Hamad Est ▪ Aqua Bridge Farms Co. 11

Industry Brief According to TechSci report on, “Saudi Arabia Aquaculture Market By Type (Fisheries, Seaweeds, Microalgae, Crustaceans, Mollusks, Others) By Culture (Freshwater, Brackish Water, Marine) By Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, Online) By Region, Competition Forecast & Opportunities, 2026”, Saudi Arabia aquacultures market has shown promising growth in historical years until 2019 and is expected to continue its growth in upcoming forecast years 2021 to 2026. Saudi Arabia aquacultures market owes its growth to the factors like rising demand of seafood among the consumers in the country. The aquatic animals culturing of aqua farming is the controlled process of breeding, rearing, harvesting, and cultivation of aquatic animals and aqua culture, like fishes, shell fishes, algae, etc. The aquaculture is for the food production, restoration of the habitats, aquarium buildings, etc. The advantages of the aquaculture is further driving the growth of the Saudi Arabia aquaculture market in the next five years. Aquaculture is one of the important sources of food in the country that drives the market growth exponentially. Also, the country is also involved in the import and export of aquatic animals as seafood in other countries thereby driving the market growth in the upcoming future. Although, the market may face a restraint due to quality assurance regulations that are changing in the importing countries. Saudi Arabia aquaculture market is segmented by type, culture, distribution channel, regional distribution, and competitional landscape. Based on culture, the market is further bifurcated into freshwater, brackish water, and marine. Owing to the rising demand for seafood product, the marine segment is anticipated to register the fastest growing CAGR in the upcoming five years. Moreover, the regulations toward fish capturing from the smaller water bodies has aided to the same harbouring and capture from marines in the subsequent five years. Furthermore, technological advancements like water recirculation systems are supporting the growth of the segment in the upcoming five years. Also, for the higher nutrient content in the marine life as compared to the other cultures, the marketmayregister the growth substantially in the market. Based on type, the market is further segmented into fisheries, seaweeds, microalgae, crustaceans, mollusks, and others. Fisheries segment is anticipated to hold the largest shares of the market and may dominate the market segment in the subsequent five years to come on the account of surge in the demand of fishes for the food as well as the residential pets. For the further decoration of the aquariums at home, the consumers are also inclined toward seaweeds and microalgae and thus they may register significant growth in the next five years. Apartial list of market player in the Saudi Arabia aquaculture market includes National Aquaculture Group (NAQUA), Saudi Fisheries Company, Arabian Shrimp Company, Asmak, Jazadco Fisheries, Tabuk Fisheries Company, Arab Fisheries Co, Izalco LLC, Sami Hamad Est, Saudi fisheries company, among others. These market players hold larger shares of the market than the new market players. With the advancement of the technology, it is appropriate to say that the effective research and development of the technologically advanced services would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide services that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments and better service provisions. “Increasing urbanization, rising disposable income and inclination of the meat consumers toward seafood are aiding the growth of the Saudi Arabia aquaculture market in the upcoming five years. New market players may focus on the proper and healthy culture of the aquatic animals. Consumers are inclining due to their concerns over health and with the claims and confirmations that follow the regulation norms toward best product availability, they may build a brand for themselves. The country supports a huge market for the aquaculture that is growing with impressive CAGR, if players devise methods to provide fresh, authentic, and regulated products that may serve up as better strategic plans for an established market in the future five years,” said Mr. Karan Chechi, ResearchDirector with TechSci Research, a research based global managementconsulting firm. 12

Sample Data -Snapshot Saudi Arabia Aquaculture Market Size, By Value (USD Million) & By Volume (Metric Tons), 2016–2026F (USD Million) 13.00 14.00 15.00 10.00 11.00 12.00 90.00 100.00 110.00 7.00 8.00 9.00 60.00 70.00 80.00 5.00 6.00 30.00 40.00 50.00 10.00 20.00 2016 CAGR BY VALUE 2020 2021E CAGR BY VALUE 2026F XX% By Value (USD Million) YY% By Volume (Metric Tons) Saudi Arabia Aquaculture Market Share, By Rearing Product Type, By Value, 2016–2026F Equipment Chemicals Fertilizers Pharmaceuticals 2026F 25% 25% 25% 25% 2024F 25% 25% 25% 25% 25% 25% 25% 25% 2022F 25% 25% 25% 25% 25% 25% 25% 25% 2020 25% 25% 25% 25% 25% 25% 25% 25% 2018 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 2016 25% 25% 25% 25% Saudi Arabia Freshwater Aquaculture Market Share, By Species, By Value, 2016–2026F Aquatic Plants 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% Aquatic 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% Animals 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F 13

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