Bahrain Fisheries and Aquaculture Market Size (2024 - 2029)

Bahrain Fisheries & Aquaculture Market Analysis

The Bahraini Fisheries and aquaculture market is projected to grow at a CAGR of 4.3% during the forecast period.

• The Bahraini Fisheries and aquaculture sector is a niche market and the government represented by the Directorate of Fisheries, has established the National Mariculture Centre (NMC), to undertake applied research in the field. The NMC is the source of marine fish seed for all Gulf Cooperation Council (GCC) countries and other member countries of the Regional Commission for Fisheries (RECOFI). The country can likewise earn foreign exchange through the export of aquatic products. In the long run, investment in the development of an aquaculture sector is expected to contribute to the food security and self-sufficiency of Bahrain.
• Shopping through e-commerce sites has been trending in the present days due to the advantage of product accessibility and the better reach of the products to the consumers. Thus, the sale of fisheries products through online portals is expected to increase in the coming years.
• The Ministry of Agriculture is exerting considerable effort to fully develop aquaculture in suitable coastal and interior areas to augment food security and self-sufficiency. With consumption likely to continue to rise, aquaculture has become the most realistic way to meet the demand. Recently, government initiatives to enhance domestic production have also been increasing. These factors are strenghtening the growth of the market during the forecast period.

Bahrain Fisheries & Aquaculture Industry Segmentation

Fisheries can be defined as raising and harvesting wild marine and freshwater fish for food or industrial purposes. The commercial production of aquatic species, namely fish, and other edible aquatic species produced through the country's fisheries and aquaculture sector have been considered for the purpose of the market study. The Bahrain Fisheries and Aquaculture Sector is segmented by Type, Pelagic Fish, Sardine, Mackerel, Tuna, Barracuda), Demersal Fish (Grouper, Trevally, Emperor, Pomfret), Freshwater Fish (Scallop, Shrimp, Lobsters, and Caviar). The study includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The report offers the market size and forecast in both value (USD million) and volume (metric ton).