Middle East & Africa Aquaculture Market Size and Forecast (2021 - 2031)

April 2026 | 144 pages | ID: MFD3E481F45EEN
The Insight Partners

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The aquaculture market in the Middle East and Africa is poised for significant growth, with projections indicating that the market size will reach approximately US$ 45,200.2 million by 2031, up from US$ 31,914.0 million in 2024. This growth trajectory reflects a compound annual growth rate (CAGR) of 5.1% from 2025 to 2031.

Executive Summary and Market Analysis

The aquaculture industry in the Middle East and Africa is experiencing rapid development, primarily driven by the increasing demand for seafood in countries such as South Africa, Saudi Arabia, and the UAE. Historically, these nations have depended heavily on seafood imports from Asia Pacific and Europe. However, there is a noticeable shift towards enhancing domestic production to tackle food security concerns, especially in Gulf Cooperation Council (GCC) countries, which currently import over 60% of their seafood.

Changing consumer preferences are also influencing this transition. While wild-caught fish were traditionally preferred for their perceived quality and taste, aquaculture products are now being recognized as reliable and sustainable alternatives. The region's limited freshwater resources and challenging climatic conditions have prompted governments to invest in aquaculture as a strategic solution. For instance, Saudi Arabia has set ambitious targets to increase its annual aquaculture output to 530,000 tons by 2030 as part of its Vision 2030 initiative.

Governments across the region are actively promoting both local and foreign investments by providing incentives, reducing regulatory barriers, and supporting infrastructure development. Initiatives include the distribution of fingerlings of native species, site mapping for aquaculture suitability, and the establishment of national strategies, such as the UAE's plan to expand sustainable fish farms utilizing advanced recirculating systems. With rising seafood prices and increasing institutional support, aquaculture is emerging as a lucrative investment opportunity. Upcoming projects focusing on premium species like sturgeon, caviar, and salmon are expected to further boost market growth.

Market Segmentation Analysis

The Middle East and Africa aquaculture market can be segmented by product type and culture environment. By product type, the market includes categories such as Fish, Salmon, Tuna, Cod, Aquatic Plants, Crustaceans, Mollusca, and others. The Fish segment is expected to dominate the market in 2024. In terms of culture environment, the market is divided into Freshwater, Marine Water, and Brackish Water, with the Brackish Water segment leading in 2024.

Market Outlook

Aquaculture is recognized as an efficient and cost-effective method for fish production, offering ecological benefits and scalability for both small and large-scale operations. Despite facing environmental challenges such as pollution and habitat disruption, the industry is undergoing transformative changes driven by innovations in disease control, sustainable practices, advanced technologies, and genetic improvements in cultured species.

A significant growth driver for aquaculture is the increasing global demand for fish oil. As consumption rises across various sectors, there is an urgent need to enhance fish production to ensure a stable supply of this valuable resource. Fish oil, known for its rich content of omega-3 fatty acids, is widely used in dietary supplements and the pharmaceutical, healthcare, and food industries. It is recognized for its health benefits, including its role in reducing triglyceride levels and supporting heart health.

As consumer awareness of the benefits of fish oil continues to grow, the demand for this product is expected to rise, creating substantial growth opportunities for the aquaculture sector. Fish oil is becoming increasingly important in healthcare, pharmaceuticals, and wellness industries, reinforcing aquaculture's role in the global supply chain.

Country Insights

The Middle East and Africa aquaculture market is further segmented by country, including South Africa, Saudi Arabia, the United Arab Emirates, and the Rest of Middle East and Africa. The Rest of Middle East and Africa held the largest market share in 2024. Aquaculture in this region is progressing steadily, supported by changing economic conditions and the emergence of small-scale producers. The rising consumer demand for seafood is anticipated to accelerate market development.

According to the Food and Agriculture Organization (FAO), aquaculture production in Africa has grown at an average annual rate of over 10% over the past decade, with countries like Egypt, Nigeria, and Ghana leading this expansion. In the Middle East, investments in land-based aquaculture systems are increasing, driven by government-backed initiatives focused on sustainability and food security.

Company Profiles

Key players in the Middle East and Africa aquaculture market include Cooke Aquaculture Inc., JBS SA, Bakkafrost, Blue Ridge Aquaculture, Inc., Cermaq Group AS, Danish Salmon, Leroy Seafood Group ASA, Mowi ASA, Stolt-Nielsen Ltd, and Thai Union Group PCL. These companies are employing various strategies such as expansion, product innovation, and mergers and acquisitions to enhance their market presence and offer innovative products to consumers.
1. INTRODUCTION

1.1 Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights
2.2 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Secondary Research
3.2 Primary Research
  3.2.1 Hypothesis formulation:
  3.2.2 Macroeconomic factor analysis:
  3.2.3 Developing base number:
  3.2.4 Data Triangulation:
  3.2.5 Country-level data:

4. AQUACULTURE MARKET LANDSCAPE

4.1 Market Overview
4.2 Porter's Five Forces Analysis
  4.2.1 Threat of New Entrants:
  4.2.2 Threat of Substitutes:
  4.2.3 Bargaining Power of Buyers:
  4.2.4 Bargaining Power of Suppliers:
  4.2.5 Competitive Rivalry:
4.3 Ecosystem Analysis
  4.3.1 Raw Material Suppliers
  4.3.2 Manufacturers
  4.3.3 Distributors or Suppliers
  4.3.4 End-Use Industry

5. MIDDLE EAST AND AFRICA AQUACULTURE MARKET - KEY MARKET DYNAMICS

5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunities
5.4 Future Trends
5.5 Impact of Drivers and Restraints:

6. AQUACULTURE MARKET - MIDDLE EAST AND AFRICA MARKET ANALYSIS

6.1 Middle East and Africa Aquaculture Market Volume (Kilo Tons), 2021 - 2031
6.2 Middle East and Africa Aquaculture Market Volume Forecast and Analysis (Kilo Tons)
6.3 Middle East and Africa Aquaculture Market Revenue (US$ Million), 2024 -2031
6.4 Middle East and Africa Aquaculture Market Forecast and Analysis

7. MIDDLE EAST AND AFRICA AQUACULTURE MARKET VOLUME AND REVENUE ANALYSIS - BY PRODUCT TYPE

7.1 Fish
  7.1.1 Overview
  7.1.2 Fish: Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons)
  7.1.3 Fish: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
7.2 Salmon
  7.2.1 Overview
  7.2.2 Salmon: Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons)
  7.2.3 Salmon: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
7.3 Tuna
  7.3.1 Overview
  7.3.2 Tuna: Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons)
  7.3.3 Tuna: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
7.4 Cod
  7.4.1 Overview
  7.4.2 Cod: Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons)
  7.4.3 Cod: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
7.5 Others Fish
  7.5.1 Overview
  7.5.2 Others Fish: Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons)
  7.5.3 Others Fish: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
7.6 Aquatic Plants
  7.6.1 Overview
  7.6.2 Aquatic Plants: Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons)
  7.6.3 Aquatic Plants: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
7.7 Crustaceans
  7.7.1 Overview
  7.7.2 Crustaceans: Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons)
  7.7.3 Crustaceans: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
7.8 Mollusca
  7.8.1 Overview
  7.8.2 Mollusca: Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons)
  7.8.3 Mollusca: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
7.9 Others
  7.9.1 Overview
  7.9.2 Others: Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons)
  7.9.3 Others: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)

8. MIDDLE EAST AND AFRICA AQUACULTURE MARKET REVENUE ANALYSIS - BY CULTURE ENVIRONMENT

8.1 Freshwater
  8.1.1 Overview
  8.1.2 Freshwater: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
8.2 Marine Water
  8.2.1 Overview
  8.2.2 Marine Water: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
8.3 Brackish Water
  8.3.1 Overview
  8.3.2 Brackish Water: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)

9. MIDDLE EAST AND AFRICA AQUACULTURE MARKET - COUNTRY ANALYSIS

9.1 Middle East and Africa
  9.1.1 Middle East and Africa Aquaculture Market Revenue and Forecast and Analysis - by Country
    9.1.1.1 Middle East and Africa Aquaculture Market Volume and Forecast and Analysis - by Country
    9.1.1.2 Middle East and Africa Aquaculture Market Revenue and Forecast and Analysis - by Country
    9.1.2.2 South Africa: Middle East and Africa Aquaculture Market - Revenue, Volume, and Forecast, 2021 - 2031 (US$ Million, Kilo Tons)
      9.1.2.2.1 South Africa: Middle East and Africa Aquaculture Market Share - by Product Type
      9.1.2.2.2 South Africa: Middle East and Africa Aquaculture Market Share - by Culture Environment
    9.2.3.3 Saudi Arabia: Middle East and Africa Aquaculture Market - Revenue, Volume, and Forecast, 2021 - 2031 (US$ Million, Kilo Tons)
      9.2.3.3.1 Saudi Arabia: Middle East and Africa Aquaculture Market Share - by Product Type
      9.2.3.3.2 Saudi Arabia: Middle East and Africa Aquaculture Market Share - by Culture Environment
    9.3.4.4 United Arab Emirates: Middle East and Africa Aquaculture Market - Revenue, Volume, and Forecast, 2021 - 2031 (US$ Million, Kilo Tons)
      9.3.4.4.1 United Arab Emirates: Middle East and Africa Aquaculture Market Share - by Product Type
      9.3.4.4.2 United Arab Emirates: Middle East and Africa Aquaculture Market Share - by Culture Environment
    9.4.5.5 Rest of Middle East and Africa: Middle East and Africa Aquaculture Market - Revenue, Volume, and Forecast, 2021 - 2031 (US$ Million, Kilo Tons)
      9.4.5.5.1 Rest of Middle East and Africa: Middle East and Africa Aquaculture Market Share - by Product Type
      9.4.5.5.2 Rest of Middle East and Africa: Middle East and Africa Aquaculture Market Share - by Culture Environment

10 COMPETITIVE LANDSCAPE

10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration

11 INDUSTRY LANDSCAPE

11.1 Overview
11.2 New Product Development
11.3 Merger and Acquisition
11.4 Other Strategic Developments

12 COMPANY PROFILES

12.1 Cooke Aquaculture Inc.
  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
  12.1.6 Key Developments
12.2 JBS SA
  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 Bakkafrost
  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 Blue Ridge Aquaculture, Inc.
  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
12.5 Cermaq Group AS
  12.5.1 Key Facts
  12.5.2 Business Description
  12.5.3 Products and Services
  12.5.4 Financial Overview
  12.5.5 SWOT Analysis
  12.5.6 Key Developments
12.6 Danish Salmon
  12.6.1 Key Facts
  12.6.2 Business Description
  12.6.3 Products and Services
  12.6.4 Financial Overview
  12.6.5 SWOT Analysis
  12.6.6 Key Developments
12.7 Leroy Seafood Group ASA
  12.7.1 Key Facts
  12.7.2 Business Description
  12.7.3 Products and Services
  12.7.4 Financial Overview
  12.7.5 SWOT Analysis
  12.7.6 Key Developments
12.8 Mowi ASA
  12.8.1 Key Facts
  12.8.2 Business Description
  12.8.3 Products and Services
  12.8.4 Financial Overview
  12.8.5 SWOT Analysis
  12.8.6 Key Developments
12.9 Stolt-Nielsen Ltd
  12.9.1 Key Facts
  12.9.2 Business Description
  12.9.3 Products and Services
  12.9.4 Financial Overview
  12.9.5 SWOT Analysis
  12.9.6 Key Developments
12.10 Thai Union Group PCL.
  12.10.1 Key Facts
  12.10.2 Business Description
  12.10.3 Products and Services
  12.10.4 Financial Overview
  12.10.5 SWOT Analysis
  12.10.6 Key Developments

13. APPENDIX

13.1 About The Insight Partners
LIST OF TABLES


Table 1. Middle East and Africa Aquaculture Market Segmentation
Table 3. Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons)
Table 4. Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Table 5. Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons) - by Product Type
Table 5. Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Product Type
Table 6. Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Culture Environment
Table 7. Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Country
Table 8. South Africa: Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons) - by Product Type
Table 9. South Africa: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Product Type
Table 10. South Africa: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Culture Environment
Table 11. Saudi Arabia: Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons) - by Product Type
Table 12. Saudi Arabia: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Product Type
Table 13. Saudi Arabia: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Culture Environment
Table 14. United Arab Emirates: Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons) - by Product Type
Table 15. United Arab Emirates: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Product Type
Table 16. United Arab Emirates: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Culture Environment
Table 17. Rest of Middle East and Africa: Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons) - by Product Type
Table 18. Rest of Middle East and Africa: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Product Type
Table 19. Rest of Middle East and Africa: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Culture Environment
Table 20. Heat Map Analysis by Key Players
LIST OF FIGURES


Figure 1. Middle East and Africa Aquaculture Market Segmentation - Country
Figure 2. Porter’s Analysis
Figure 3. Ecosystem: Aquaculture Market
Figure 4. Middle East and Africa Aquaculture Market - Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Middle East and Africa Aquaculture Market Volume (Kilo Tons), 2021 - 2031
Figure 7. Middle East and Africa Aquaculture Market Revenue (US$ Million), 2024 - 2031
Figure 8. Middle East and Africa Aquaculture Market Share (%) - by Product Type, 2024 and 2031
Figure 9. Fish: Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons)
Figure 9. Fish: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 10. Salmon: Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons)
Figure 10. Salmon: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 11. Tuna: Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons)
Figure 11. Tuna: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 12. Cod: Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons)
Figure 12. Cod: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 13. Others Fish: Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons)
Figure 13. Others Fish: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 14. Aquatic Plants: Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons)
Figure 14. Aquatic Plants: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 15. Crustaceans: Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons)
Figure 15. Crustaceans: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 16. Mollusca: Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons)
Figure 16. Mollusca: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 17. Others: Middle East and Africa Aquaculture Market - Volume and Forecast, 2021 - 2031 (Kilo Tons)
Figure 17. Others: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 18. Middle East and Africa Aquaculture Market Share (%) - by Culture Environment, 2024 and 2031
Figure 19. Freshwater: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 20. Marine Water: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 21. Brackish Water: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 22. Middle East and Africa Aquaculture Market Breakdown by Key Countries, 2024 and 2031 (%)
Figure 23. South Africa: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 24. Saudi Arabia: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 25. United Arab Emirates: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 26. Rest of Middle East and Africa: Middle East and Africa Aquaculture Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 27. Company Positioning & Concentration


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