Market Size of United Arab Emirates Fisheries and Aquaculture Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 21.82 Billion |
| Market Size (2029) | USD 27.98 Billion |
| CAGR (2024 - 2029) | 5.10 % |
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UAE Aquaculture Market Analysis
The United Arab Emirates Fisheries and Aquaculture Market size is estimated at USD 21.82 billion in 2024, and is expected to reach USD 27.98 billion by 2029, growing at a CAGR of 5.10% during the forecast period (2024-2029).
The UAE government is focusing on increasing aquaculture projects as it is a viable source for improving the region's food security, which is the major concern in the country. Rapid growth and development and the diverse population of the United Arab Emirates, coupled with the rising consumption of seafood, are the major factors driving the fisheries and aquaculture sector. The tourist visits and lower-income disparity among the population increased fuel consumption, thus driving the market.
The fisheries and aquaculture sector is pivotal in achieving self-sufficiency and meeting the protein needs of the people. Therefore, the government is also focusing on the development of the industry, which has led to the establishment of the marine research center. Freshwater aquaculture in the country is limited only to a few irrigation channels, ponds, and tanks located near agricultural farms. Expansion is likely to happen in the near future as people become aware of the dual benefits of rearing fish, such as tilapia, in such facilities, which would produce fish and fertilize the irrigation water. All these factors are likely to drive the fisheries and aquaculture market in the United Arab Emirates.
UAE Aquaculture Industry Segmentation
The report contains an analysis of various aspects of the fisheries and aquaculture sector in the United Arab Emirates.
The UAE aquaculture and fisheries market is segmented by type (pelagic fish, demersal fish, freshwater fish, scallops, shrimp, lobster, caviar, salmon, and other types). The report provides an all-encompassing analysis of the production (volume), consumption (value and volume), import (value and volume), export (value and volume), and price trend analysis of the market. The report offers the market size and forecasts in terms of volume in metric tons and value in USD thousand for all the above segments.
| Type (Production Analysis, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume and Price Trend Analysis) | ||||||
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United Arab Emirates Fisheries and Aquaculture Market Size Summary
The UAE aquaculture market is poised for significant growth, driven by the government's strategic focus on enhancing food security through increased aquaculture projects. This sector is crucial for achieving self-sufficiency and meeting the protein needs of the diverse and rapidly growing population. The rising consumption of seafood, fueled by urbanization, economic growth, and changing dietary preferences, is a key factor propelling the market. The UAE's position as the largest consumer of fish among GCC countries underscores the high demand for seafood, which is seen as a nutritious and low-fat protein source. The establishment of marine research centers and the expansion of freshwater aquaculture facilities are expected to further bolster the industry, as awareness of the dual benefits of fish rearing, such as tilapia, grows.
Despite its robust consumption, the UAE remains a net importer of fish and seafood, relying heavily on imports to meet domestic demand. Major exporters to the UAE include countries like Norway, Vietnam, Uganda, and Spain, with imports expected to rise due to increasing consumer demand for high-protein diets. Initiatives such as the partnership between the UAE Ministry of Climate Change and Environment and local oil companies to subsidize fishermen, along with projects like the recirculating aquaculture systems in Abu Dhabi, highlight the country's commitment to boosting its fisheries sector. These developments are aligned with the National Food Security Strategy 2051, aiming to enhance local production and reduce resource wastage in aquaculture processes.
United Arab Emirates 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 (Production Analysis, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume and Price Trend Analysis)
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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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2.1.3.1 Tilapia
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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 Salmon
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2.1.9 Other Types
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United Arab Emirates Fisheries and Aquaculture Market Size FAQs
How big is the United Arab Emirates Fisheries and Aquaculture Market?
The United Arab Emirates Fisheries and Aquaculture Market size is expected to reach USD 21.82 billion in 2024 and grow at a CAGR of 5.10% to reach USD 27.98 billion by 2029.
What is the current United Arab Emirates Fisheries and Aquaculture Market size?
In 2024, the United Arab Emirates Fisheries and Aquaculture Market size is expected to reach USD 21.82 billion.
