Qatar Fisheries And Aquaculture Market Size (2024 - 2029)

Qatar Aquaculture Market Analysis

The Qatar Fisheries And Aquaculture Market size is estimated at USD 171.58 million in 2024, and is expected to reach USD 218.99 million by 2029, at a CAGR of 5% during the forecast period (2024-2029).

• Qatar has the potential to be a world leader in marine salt-based aquaculture, which is possible with research and exploration of its natural water resources. The Qatari fisheries sector for the country is important from a socio-economic viewpoint. In many coastal communities, the sector enables economic activity and employment opportunities.
• Aquaculture is not a traditional activity in Qatar, as there is little aquaculture production. The existing aquaculture activities have been conducted by researchers in small-scale freshwater facilities, using tilapia. The major fish market in Qatar is in Doha. However, smaller markets exist at Al-Shamal, al-Wakra, and al-Khour. Most of the produce is consumed locally, although some fish are exported to neighboring countries, particularly Saudi Arabia.
• Over the long term, the fisheries and aquaculture market in Qatar is estimated to grow steadily as people shift toward foods rich in protein sources. According to the United Nations Food and Agricultural Organization, seafood consumption in Qatar has risen to 24.5 kg per year due to increased awareness about the health benefits of consuming fish, which outreaches domestic production. Hence, the government has started initiatives to make Qatar self-sufficient in seafood which increases the production of aquaculture. For instance, in 2022, aquaculture production reached 98 metric tons from 23 metric tons in 2020.
• Due to the pivotal role fisheries and aquaculture play in achieving self-sufficiency and meeting human protein needs, the government is focusing on the development of the industry. The rate of over-exploitation of the species has pushed it to the brink of extinction. To reduce that, the government has launched many projects and schemes to encourage sustainable farming practices. For instance, in 2020, the Qatar government launched the first offshore Aquaculture project in open water using floating cages technology in Qatar and the region.

Qatar Aquaculture Industry Segmentation

Aquaculture is the production of aquatic organisms under controlled conditions throughout part or all of their lifecycle. Qatar's aquaculture industry has been expanding over the past few years. The Qatar Fisheries and Aquaculture Market is segmented by Type (Pelagic Fish [Sardine, Mackerel, Tuna, and Barracuda], Demersal Fish [Grouper, Trevally, Emperor, and Pomfret], Freshwater Fish, Scallop, Shrimp, Lobsters, Caviar and Other Types). The report offers market sizes and forecasts in volume (metric tons) and value (USD) for all the above segments.