Market Size of Bahrain Fisheries and Aquaculture Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.30 % |
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).
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Bahrain Fisheries and Aquaculture Market Size Summary
The Bahraini fisheries and aquaculture market is poised for growth, driven by strategic government initiatives and investments aimed at enhancing food security and self-sufficiency. The establishment of the National Mariculture Centre (NMC) underscores the government's commitment to advancing the sector through applied research and the production of marine fish seed for regional markets. The Ministry of Agriculture is actively developing aquaculture in coastal and interior areas, responding to rising consumption demands. E-commerce is expected to play a significant role in expanding the reach of fisheries products, further bolstering market growth. The government's focus on increasing domestic production and export capabilities, particularly to neighboring countries like Saudi Arabia, highlights the sector's potential for economic contribution and foreign exchange earnings.
Bahrain's geographical advantages, with its extensive coastline and continental shelf, support the growth of marine-based aquaculture, especially given the scarcity of freshwater resources. The National Centre for Mariculture aims to enhance production efficiency, with plans to significantly increase fingerling production. The shrimp fishery remains a cornerstone of the industry, with a shift towards crustaceans and other finfish to adapt to changing catch compositions. The government is encouraging both local and foreign investments in large-scale fish farming projects, offering financial incentives to attract private sector participation. These efforts are complemented by regulatory measures, such as temporary bans on shrimp catching, to preserve marine resources and support sustainable industry development.
Bahrain Fisheries and Aquaculture Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain / Supply Chain Analysis
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Pelagic Fish
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2.1.1.1 Sardines
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2.1.1.2 Mackerel
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2.1.1.3 Tuna
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2.1.1.4 Barracuda
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2.1.2 Demersal Fish
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2.1.2.1 Grouper
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2.1.2.2 Trevally
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2.1.2.3 Emperor
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2.1.2.4 Pomfret
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2.1.3 Freshwater Fish
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2.1.4 Scallop
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2.1.5 Shrimp
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2.1.6 Lobsters
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2.1.7 Caviar
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2.1.8 Other Types
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Bahrain Fisheries and Aquaculture Market Size FAQs
What is the current Bahrain Fisheries and Aquaculture Market size?
The Bahrain Fisheries and Aquaculture Market is projected to register a CAGR of 4.30% during the forecast period (2024-2029)
What years does this Bahrain Fisheries and Aquaculture Market cover?
The report covers the Bahrain Fisheries and Aquaculture Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bahrain Fisheries and Aquaculture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
