Saudi Arabia Seafood Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 1.05 Billion |
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Market Size (2029) | USD 1.18 Billion |
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Largest Share by Type | Fish |
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CAGR (2024 - 2029) | 2.24 % |
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Fastest Growing by Type | Shrimp |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Saudi Arabia Seafood Market Analysis
The Saudi Arabia Seafood Market size is estimated at 1.05 billion USD in 2024, and is expected to reach 1.18 billion USD by 2029, growing at a CAGR of 2.24% during the forecast period (2024-2029).
1.05 Billion
Market Size in 2024 (USD)
1.18 Billion
Market Size in 2029 (USD)
3.72 %
CAGR (2017-2023)
2.24 %
CAGR (2024-2029)
Largest Segment by Type
67.92 %
value share, Fish, 2023
The country's demand for fish is fueled by a range of factors, including fish's lower price, greater nutritional value, and ease of availability due to increased production.
Largest Segment by Form
53.09 %
value share, Fresh / Chilled, 2023
Local consumers choose wild-caught as they believe it to be more natural, fresh, delicious, and healthy. The demand rose considerably after the relaxation of the lockdown.
Fastest-growing Segment by Type
3.74 %
Projected CAGR, Shrimp, 2024-2029
The fast projected growth in shrimp consumption is led by surging awareness regarding its health benefits like its abundance in omega-3 fatty acids and vitamins D and B2.
Fastest-growing Segment by Form
2.54 %
Projected CAGR, Processed, 2024-2029
The growth of the Saudi tourism and hospitality sector has resulted in a rise in demand for processing fish products at hotels, restaurants, and catering services.
Leading Market Player
1.29 %
market share, Saudi Fisheries Company, 2022
Saudi Fisheries Company with its wide market penetration caters to both on-trade and off-trade channels via restaurants, wholesale, and retailer formats in Saudi Arabia.
Increased domestic seafood production with government support propelling the market growth
- The Saudi Arabian seafood market witnessed significant growth in sales value of 9.98% from 2020 to 2022. This is due to the increased domestic seafood production reaching 399.5 million metric ton in 2022, which was 15 million metric ton higher than 2018. The government is attempting to increase domestic production by investing in sustainable fishing practices, which, in turn, has fueled market growth. However, Saudi Arabia has a diverse network of suppliers of fish and seafood products, with imports coming primarily from Thailand, the United Arab Emirates, Indonesia, Yemen, and Norway.
- Fish is the most consumed seafood type in the Saudi Arabian seafood market. From 2020 to 2022, the sales value of fish increased by 10.08%. The increasing domestic consumption of fish is driven by an increasing population keen on pursuing healthy lifestyles and diets. This factor continues to drive Saudi Arabia’s seafood market, which, in turn, has increased fish per capita consumption in the country, which was 7.34 kg in 2022, as compared to shrimp and other seafood.
- Shrimp is the fastest-growing segment of the Saudi Arabian seafood market. It is projected to reach a CAGR of 4.75% during the forecast period (2023-2029). There is a growing demand for sustainably farmed shrimp among Saudi consumers, and the prices for shrimps are also reasonable, which were USD 3.02 per kg in 2022, fueling the demand among consumers. Thus, the country is producing shrimp in inland waters on a commercial scale using the closed system in the Tabuk region. The shrimp cultivation method in Saudi Arabia is considered one of the largest aquaculture programs in the Middle East. Owing to all these factors, shrimp demand is likely to grow in the future.
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Saudi Arabia Seafood Market Trends
Partnerships with manufacturers and investments in R&D to boost local production
- Saudi Arabia depends more on aquaculture fisheries than capture fisheries, of which 65% of the country's captured fisheries are in the Arabian Gulf. The Kingdom's fish production increased by 71.74% from 2017 to 2022. Saudi Arabia's traditional aquaculture business was transformed into an export-oriented and modernized center due to key initiatives made by the fisheries firm and peers in the industry.
- During 2021-2022, fish production grew gradually by 9.71%, primarily due to the government's emphasis on the fishing industry. The government is expanding the possibilities for the private sector to participate in fisheries. The National Fisheries Development Program (NFDP) is a groundbreaking initiative that intends to boost the GDP contribution of the fisheries sector and gradually increase aquaculture production to 600,000 ton by 2030. Regional centers for fishing education have been developed to help fisheries. In addition, NFDP has entered an agreement with a local academic facility to train 3,000 Saudis in the aquaculture and fisheries sector.
- Fresh fish accounts for the major fish consumption in the country. The government has identified potential aquaculture sites in the Red Sea for investment. The administration has inked many memorandums of understanding to encourage seafood exports to nations such as China and Russia. Fish production is projected to increase sustainably during the forecast period. Support from the private sector and identification of fisheries for enhanced development, new partnerships with stakeholders and subsidies for fisheries, and the development of 3,000 fisheries with resource persons may help increase the production and productivity of fisheries from 2022, as its capacity for production may cost over USD 80 million.
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The government has been encouraging local and foreign investments to improve production and control prices
- The price trend of fish observed an increased growth of 11.65% during the review period (2017-2022) due to the spike in energy prices and high transportation costs, which resulted in inflation in the region. As per the National Fisheries Development Program, Saudi Arabia spent USD 80 million on research and planning to develop fish cultivation inland with master trainers to increase production, which may help maintain constant prices. The government has been encouraging foreign and local investments in aquaculture developments by providing incentives for the sector and fingerlings of local species, creating aquaculture frameworks, relaxing institutional and investment constraints, and mapping out suitable sites for development.
- From 2020 to 2022, fish prices increased by around USD 62.85, from USD 1,779/ton to USD 1,841.5/ton. The value of fish prices grew by 0.96% in 2022 compared to the previous year. Saudi Arabia’s King announced USD 5.33 billion for direct cash transfers and stockpiling to curb this price rise. Weather impacts fishing activities and plays a major role in the prices of locally captured fish, as it can reduce fishing by close to half. The system of daily auctions for fish sales by fishermen enables buyers to strike good deals with them and resell their goods at higher prices, which directly increases retail consumer fish prices. Saudi Arabia has a diverse network of fish and seafood product suppliers, with imports coming primarily from Yemen, Norway, the UAE, Oman, Pakistan, etc. In 2022, Saudi Arabia imported seafood worth USD 374 thousand. Based on retail sales, it has been noted that Saudi Arabian consumers favor fresh fish and seafood over frozen, processed seafood. This preference is expected to continue during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Rising production costs across major producing countries are impacting shrimp prices in Saudi
Saudi Arabia Seafood Industry Overview
The Saudi Arabia Seafood Market is fragmented, with the top five companies occupying 3.48%. The major players in this market are Almunajem Foods, Arab Fisheries Co., National Aquaculture Group, Saudi Fisheries Company and The Savola Group (sorted alphabetically).
Saudi Arabia Seafood Market Leaders
Almunajem Foods
Arab Fisheries Co.
National Aquaculture Group
Saudi Fisheries Company
The Savola Group
Other important companies include IZAFCO Fish Packing Company, Shell Fisheries Company W.L.L., Tabuk Fisheries Co..
*Disclaimer: Major Players sorted in alphabetical order.
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Saudi Arabia Seafood Market News
- November 2023: NAQUA and the Saudi Agricultural and Livestock Investment Company (SALIC) have signed a strategic partnership contract. Under this agreement, SALIC agreed to raise the capital for NAQUA by way of primary investment and consequently holds a 42.4% shareholding in the NAQUA company.
- February 2022: Asmak announced a strategic distribution agreement with Fish Farm, a UAE-based aquaculture company. Under this agreement, Asmak distributes fish farm products to capture a wider audience locally and regionally through its processing facility and strong distribution channels, including wholesale, foodservice, and retail.
- January 2022: NAQUA plans to expand its production capacity from 60,000 tons of fish a year to 250,000 tons of fish a year by 2030.
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Saudi Arabia Seafood Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Price Trends
2.1.1. Fish
2.1.2. Shrimp
2.2. Production Trends
2.2.1. Fish
2.3. Regulatory Framework
2.3.1. Saudi Arabia
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)
3.1. Type
3.1.1. Fish
3.1.2. Shrimp
3.1.3. Other Seafood
3.2. Form
3.2.1. Canned
3.2.2. Fresh / Chilled
3.2.3. Frozen
3.2.4. Processed
3.3. Distribution Channel
3.3.1. Off-Trade
3.3.1.1. Convenience Stores
3.3.1.2. Online Channel
3.3.1.3. Supermarkets and Hypermarkets
3.3.1.4. Others
3.3.2. On-Trade
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)
4.4.1. Almunajem Foods
4.4.2. Arab Fisheries Co.
4.4.3. IZAFCO Fish Packing Company
4.4.4. National Aquaculture Group
4.4.5. Saudi Fisheries Company
4.4.6. Shell Fisheries Company W.L.L.
4.4.7. Tabuk Fisheries Co.
4.4.8. The Savola Group
5. KEY STRATEGIC QUESTIONS FOR SEAFOOD INDUSTRY CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- FISH PRICE PER METRIC TON, USD, SAUDI ARABIA, 2017 - 2023
- Figure 2:
- SHRIMP PRICE PER METRIC TON, USD, SAUDI ARABIA, 2017 - 2023
- Figure 3:
- FISH PRODUCTION, METRIC TON, SAUDI ARABIA, 2017 - 2029
- Figure 4:
- VOLUME OF SEAFOOD MARKET, METRIC TONS, SAUDI ARABIA, 2017 - 2029
- Figure 5:
- VALUE OF SEAFOOD MARKET, USD, SAUDI ARABIA, 2017 - 2029
- Figure 6:
- VOLUME OF SEAFOOD MARKET BY TYPE, METRIC TONS, SAUDI ARABIA, 2017 - 2029
- Figure 7:
- VALUE OF SEAFOOD MARKET BY TYPE, USD, SAUDI ARABIA, 2017 - 2029
- Figure 8:
- VOLUME SHARE OF SEAFOOD MARKET SPLIT BY TYPE, %, SAUDI ARABIA, 2017 VS 2023 VS 2029
- Figure 9:
- VALUE SHARE OF SEAFOOD MARKET SPLIT BY TYPE, %, SAUDI ARABIA, 2017 VS 2023 VS 2029
- Figure 10:
- VOLUME OF FISH MARKET, METRIC TONS, SAUDI ARABIA, 2017 - 2029
- Figure 11:
- VALUE OF FISH MARKET, USD, SAUDI ARABIA, 2017 - 2029
- Figure 12:
- VALUE SHARE OF FISH SEAFOOD MARKET SPLIT BY FORM, %, SAUDI ARABIA, 2022 VS 2029
- Figure 13:
- VOLUME OF SHRIMP MARKET, METRIC TONS, SAUDI ARABIA, 2017 - 2029
- Figure 14:
- VALUE OF SHRIMP MARKET, USD, SAUDI ARABIA, 2017 - 2029
- Figure 15:
- VALUE SHARE OF SHRIMP SEAFOOD MARKET SPLIT BY FORM, %, SAUDI ARABIA, 2022 VS 2029
- Figure 16:
- VOLUME OF OTHER SEAFOOD MARKET, METRIC TONS, SAUDI ARABIA, 2017 - 2029
- Figure 17:
- VALUE OF OTHER SEAFOOD MARKET, USD, SAUDI ARABIA, 2017 - 2029
- Figure 18:
- VALUE SHARE OF OTHER SEAFOOD SEAFOOD MARKET SPLIT BY FORM, %, SAUDI ARABIA, 2022 VS 2029
- Figure 19:
- VOLUME OF SEAFOOD MARKET BY FORM, METRIC TONS, SAUDI ARABIA, 2017 - 2029
- Figure 20:
- VALUE OF SEAFOOD MARKET BY FORM, USD, SAUDI ARABIA, 2017 - 2029
- Figure 21:
- VOLUME SHARE OF SEAFOOD MARKET SPLIT BY FORM, %, SAUDI ARABIA, 2017 VS 2023 VS 2029
- Figure 22:
- VALUE SHARE OF SEAFOOD MARKET SPLIT BY FORM, %, SAUDI ARABIA, 2017 VS 2023 VS 2029
- Figure 23:
- VOLUME OF CANNED SEAFOOD MARKET, METRIC TONS, SAUDI ARABIA, 2017 - 2029
- Figure 24:
- VALUE OF CANNED SEAFOOD MARKET, USD, SAUDI ARABIA, 2017 - 2029
- Figure 25:
- VALUE SHARE OF CANNED SEAFOOD MARKET SPLIT BY TYPE, %, SAUDI ARABIA, 2022 VS 2029
- Figure 26:
- VOLUME OF FRESH / CHILLED SEAFOOD MARKET, METRIC TONS, SAUDI ARABIA, 2017 - 2029
- Figure 27:
- VALUE OF FRESH / CHILLED SEAFOOD MARKET, USD, SAUDI ARABIA, 2017 - 2029
- Figure 28:
- VALUE SHARE OF FRESH / CHILLED SEAFOOD MARKET SPLIT BY TYPE, %, SAUDI ARABIA, 2022 VS 2029
- Figure 29:
- VOLUME OF FROZEN SEAFOOD MARKET, METRIC TONS, SAUDI ARABIA, 2017 - 2029
- Figure 30:
- VALUE OF FROZEN SEAFOOD MARKET, USD, SAUDI ARABIA, 2017 - 2029
- Figure 31:
- VALUE SHARE OF FROZEN SEAFOOD MARKET SPLIT BY TYPE, %, SAUDI ARABIA, 2022 VS 2029
- Figure 32:
- VOLUME OF PROCESSED SEAFOOD MARKET, METRIC TONS, SAUDI ARABIA, 2017 - 2029
- Figure 33:
- VALUE OF PROCESSED SEAFOOD MARKET, USD, SAUDI ARABIA, 2017 - 2029
- Figure 34:
- VALUE SHARE OF PROCESSED SEAFOOD MARKET SPLIT BY TYPE, %, SAUDI ARABIA, 2022 VS 2029
- Figure 35:
- VOLUME OF SEAFOOD MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, SAUDI ARABIA, 2017 - 2029
- Figure 36:
- VALUE OF SEAFOOD MARKET BY DISTRIBUTION CHANNEL, USD, SAUDI ARABIA, 2017 - 2029
- Figure 37:
- VOLUME SHARE OF SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, SAUDI ARABIA, 2017 VS 2023 VS 2029
- Figure 38:
- VALUE SHARE OF SEAFOOD MARKET SPLIT BY DISTRIBUTION CHANNEL, %, SAUDI ARABIA, 2017 VS 2023 VS 2029
- Figure 39:
- VOLUME OF SEAFOOD MARKET SOLD VIA OFF-TRADE, METRIC TONS, SAUDI ARABIA, 2017 - 2029
- Figure 40:
- VALUE OF SEAFOOD MARKET SOLD VIA OFF-TRADE, USD, SAUDI ARABIA, 2017 - 2029
- Figure 41:
- VOLUME OF SEAFOOD MARKET SOLD VIA OFF-TRADE CHANNELS, %, SAUDI ARABIA, 2017 VS 2023 VS 2029
- Figure 42:
- VALUE OF SEAFOOD MARKET SOLD VIA OFF-TRADE CHANNELS, %, SAUDI ARABIA, 2017 VS 2023 VS 2029
- Figure 43:
- VOLUME OF SEAFOOD MARKET SOLD VIA CONVENIENCE STORES, METRIC TONS, SAUDI ARABIA, 2017 - 2029
- Figure 44:
- VALUE OF SEAFOOD MARKET SOLD VIA CONVENIENCE STORES, USD, SAUDI ARABIA, 2017 - 2029
- Figure 45:
- VALUE SHARE OF SEAFOOD MARKET SOLD VIA CONVENIENCE STORES SPLIT BY TYPE, %, SAUDI ARABIA, 2022 VS 2029
- Figure 46:
- VOLUME OF SEAFOOD MARKET SOLD VIA ONLINE CHANNEL, METRIC TONS, SAUDI ARABIA, 2017 - 2029
- Figure 47:
- VALUE OF SEAFOOD MARKET SOLD VIA ONLINE CHANNEL, USD, SAUDI ARABIA, 2017 - 2029
- Figure 48:
- VALUE SHARE OF SEAFOOD MARKET SOLD VIA ONLINE CHANNEL SPLIT BY TYPE, %, SAUDI ARABIA, 2022 VS 2029
- Figure 49:
- VOLUME OF SEAFOOD MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, METRIC TONS, SAUDI ARABIA, 2017 - 2029
- Figure 50:
- VALUE OF SEAFOOD MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, USD, SAUDI ARABIA, 2017 - 2029
- Figure 51:
- VALUE SHARE OF SEAFOOD MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS SPLIT BY TYPE, %, SAUDI ARABIA, 2022 VS 2029
- Figure 52:
- VOLUME OF SEAFOOD MARKET SOLD VIA OTHERS, METRIC TONS, SAUDI ARABIA, 2017 - 2029
- Figure 53:
- VALUE OF SEAFOOD MARKET SOLD VIA OTHERS, USD, SAUDI ARABIA, 2017 - 2029
- Figure 54:
- VALUE SHARE OF SEAFOOD MARKET SOLD VIA OTHERS SPLIT BY TYPE, %, SAUDI ARABIA, 2022 VS 2029
- Figure 55:
- VOLUME OF SEAFOOD MARKET SOLD VIA ON-TRADE, METRIC TONS, SAUDI ARABIA, 2017 - 2029
- Figure 56:
- VALUE OF SEAFOOD MARKET SOLD VIA ON-TRADE, USD, SAUDI ARABIA, 2017 - 2029
- Figure 57:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, SAUDI ARABIA, 2020 - 2023
- Figure 58:
- MOST ADOPTED STRATEGIES, COUNT, SAUDI ARABIA, 2020 - 2023
- Figure 59:
- VALUE SHARE OF MAJOR PLAYERS, %, SAUDI ARABIA, 2022
Saudi Arabia Seafood Industry Segmentation
Fish, Shrimp are covered as segments by Type. Canned, Fresh / Chilled, Frozen, Processed are covered as segments by Form. Off-Trade, On-Trade are covered as segments by Distribution Channel.
- The Saudi Arabian seafood market witnessed significant growth in sales value of 9.98% from 2020 to 2022. This is due to the increased domestic seafood production reaching 399.5 million metric ton in 2022, which was 15 million metric ton higher than 2018. The government is attempting to increase domestic production by investing in sustainable fishing practices, which, in turn, has fueled market growth. However, Saudi Arabia has a diverse network of suppliers of fish and seafood products, with imports coming primarily from Thailand, the United Arab Emirates, Indonesia, Yemen, and Norway.
- Fish is the most consumed seafood type in the Saudi Arabian seafood market. From 2020 to 2022, the sales value of fish increased by 10.08%. The increasing domestic consumption of fish is driven by an increasing population keen on pursuing healthy lifestyles and diets. This factor continues to drive Saudi Arabia’s seafood market, which, in turn, has increased fish per capita consumption in the country, which was 7.34 kg in 2022, as compared to shrimp and other seafood.
- Shrimp is the fastest-growing segment of the Saudi Arabian seafood market. It is projected to reach a CAGR of 4.75% during the forecast period (2023-2029). There is a growing demand for sustainably farmed shrimp among Saudi consumers, and the prices for shrimps are also reasonable, which were USD 3.02 per kg in 2022, fueling the demand among consumers. Thus, the country is producing shrimp in inland waters on a commercial scale using the closed system in the Tabuk region. The shrimp cultivation method in Saudi Arabia is considered one of the largest aquaculture programs in the Middle East. Owing to all these factors, shrimp demand is likely to grow in the future.
| Type | |
| Fish | |
| Shrimp | |
| Other Seafood |
| Form | |
| Canned | |
| Fresh / Chilled | |
| Frozen | |
| Processed |
| Distribution Channel | ||||||
| ||||||
| On-Trade |
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Market Definition
- Frozen / Canned Seafood - Frozen seafood are products whose average temperature is reduced to -18 ° C or lower to preserve the inherent quality of the fresh fish. Then it is kept at a temperature of -18 ° C or lower to maintain its shelf life.
- Processed Seafood - Processed seafood are the ones that have been cured, salted, marinated, dried, pickled, fermented or smoked for human consumption.
- Seafood - It contains marine species that can be consumed, particularly fish and shelled marine life.
- Shrimp - Shrimp are swimming crustaceans. They have long, slender muscles in their abdomens and lengthy antennae.
| Keyword | Definition |
|---|---|
| A5 | It is a Japanese grading system for beef. The 'A' means the carcass yield is the highest possible and the numeric rating relates to beef marbling, color and brightness of the flesh, its texture and color, luster, and fat quality. A5 is the highest mark wagyu beef can score. |
| Abbatoir | It is another name for a slaughterhouse and refers to the premise used for or in connection with the slaughter of animals whose meat is intended for human consumption. |
| Acute Hepatopancreatic Necrosis Disease (AHPND) | It is a disease that affects shrimp and is characterized by high mortalities, in many cases reaching 100% within 30-35 days of stocking grow-out ponds. |
| African Swine Fever (ASF) | It is a highly contagious viral disease of pigs caused by a double-stranded DNA virus in the Asfarviridae family. |
| Albacore Tuna | It is one of the smallest species of tuna found in the six distinct stocks known globally in the Atlantic, Pacific, and Indian oceans, as well as the Mediterranean Sea. |
| Angus beef | It is beef derived from a specific breed of cattle indigenous to Scotland. It requires certification from the American Angus Association to receive the "Certified Angus Beef" quality mark |
| Bacon | It is salted or smoked meat that comes from the back or sides of a pig |
| Black Angus | It is beef derived from a black-hided breed of cows that don't have horns. |
| Bologna | It is an Italian smoked sausage made of meat, typically large and made from pork, beef or veal. |
| Bovine spongiform encephalopathy (BSE) | It is a progressive neurological disorder of cattle that results from infection by an unusual transmissible agent called a prion. |
| Bratwurst | It refers to a type of German sausage made from pork, beef or veal. |
| BRC | British Retail Consortium |
| Brisket | It is a cut of meat from the breast or lower chest of beef or veal. The beef brisket is one of the nine beef primal cuts. |
| Broiler | It refers to any chicken (Gallus domesticus) that is bred and raised specifically for meat production. |
| Bushel | It is a unit of measurement for grains and pulses. 1 bushel = 27.216 kg |
| Carcass | It refers to the dressed body of a meat animal from which butchers trim the meat |
| CFIA | Canadian Food Inspection Agency |
| Chicken Tender | It refers to chicken meat prepared from the pectoralis minor muscles of a chicken bird. |
| Chuck Steak | It refers to a cut of beef that is part of the chuck primal, which is a large section of meat from the shoulder area of a cow |
| Corned Beef | It refers to beef brisket cured in brine and boiled, typically served cold. |
| CWT | Also known as a hundredweight, it is a unit of measurement used to define the quantity of meat. 1 CWT = 50.80 kg |
| Drumstick | It refers to a chicken leg without the thigh. |
| EFSA | European Food Safety Authority |
| ERS | Economic Research Service of the USDA |
| Ewe | It is an adult female sheep. |
| FDA | Food and Drug Administration |
| Fillet Mignon | It is a cut of meat taken from the smaller end of the tenderloin. |
| Flank Steak | It is a cut of beef steak taken from the flank, which lies forward of the rear quarter of a cow. |
| Foodservice | It refers to the part of the food industry which includes businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many other formats. |
| Forage | It refers to animal feed. |
| Foreshank | It is the upper part of the foreleg of cattle |
| Franks | Also known as frankfurter or Würstchen, it is a type of highly seasoned smoked sausage popular in Austria and Germany. |
| FSANZ | Food Standards Australia New Zealand |
| FSIS | Food Safety and Inspection Service |
| FSSAI | Food Safety and Standards Authority of India |
| Gizzard | It refers to an organ found in the digestive tract of birds. It is also called the mechanical stomach of a bird. |
| Gluten | It is a family of proteins found in grains, including wheat, rye, spelt, and barley |
| Grain-fed beef | It is beef derived from cattle that have been fed a diet supplemented with soy and corn and other additives. Grainfed cows can also be given antibiotics and growth hormones to fatten them up more quickly. |
| Grass-fed beef | It is beef derived from cattle that have only been fed grass as feed. |
| Ham | It refers to the pork meat taken from the leg of a pig. |
| HoReCa | Hotels, Restaurants and Cafes |
| Jerky | It is lean trimmed meat that has been cut into strips and dried (dehydrated) to prevent spoilage. |
| Kobe Beef | It is Wagyu beef specifically from the Kuroge Washu breed of cows in Japan. To be classified as Kobe beef, the cow must have been born, raised, and slaughtered within the Hyōgo prefecture in the city of Kobe in Japan. |
| Liverwurst | It is type of German sausage made from beef or pork liver. |
| Loin | It refers to the sides between the lower ribs and pelvis, and the lower part of the back of a cow. |
| Mortadella | It is a large Italian sausage or luncheon meat made of finely hashed or ground heat-cured pork, which incorporates at least 15% small cubes of pork fat. |
| Pastrami | It refers to a highly seasoned smoked beef, typically served in thin slices. |
| Pepperoni | It is an American variety of spicy salami made from cured meat. |
| Plate | It refers to a forequarter cut from the belly of a cow, just below the rib cut. |
| Porcine reproductive and respiratory syndrome (PRRS) | It is a disease occurring in swine causing late-term reproductive failure and severe pneumonia in neonatal pigs. |
| Primal cuts | It refers to the major sections of the carcass. |
| Quorn | It is a meat substitute product prepared using mycoprotein as an ingredient, in which the fungus culture is dried and mixed with egg albumen or potato protein, which acts as a binder, and then is adjusted in texture and pressed into various forms. |
| Ready-to-Cook (RTC) | It refers to food products that include all of the ingredients, where some preparation or cooking is required through a process that is given on the package. |
| Ready-to-Eat (RTE) | It refers to a food product prepared or cooked in advance, with no further cooking or preparation required before being eaten |
| Retort Packaging | It is a process of aseptic packaging food in which food is filled into a pouch or metal can, sealed, and then heated to extremely high temperatures, rendering the product commercially sterile. |
| Round Steak | It refers to a beef steak from the the rear leg of the cow. |
| Rump Steak | It refers to a cut of beef derived from the division between the leg and the chine. |
| Salami | It is a cured sausage consisting of fermented and air-dried meat. |
| Saturated fat | It is a type of fat in which the fatty acid chains have all single bonds. It is generally considered unhealthy. |
| Sausage | It is a meat product made of finely chopped and seasoned meat, which may be fresh, smoked, or pickled and which is then usually stuffed into a casing. |
| Scallop | It is an edible shellfish that is a mollusk with a ribbed shell in two parts. |
| Seitan | It is a plant-based meat substitute made out of wheat gluten. |
| Self-service kios | It refers to a self-order point-of-sale (POS) system through which customers place and pay for their own orders at kiosks, enabling totally contactless and frictionless service. |
| Sirloin | It is a cut of beef from the bottom and side parts of a cow's back. |
| Surimi | It is a paste made from deboned fish |
| Tenderloin | It refers to a cut of beef consisting of the entire tenderloin muscle of a cow |
| Tiger Shrimp | It refers to a large shrimp variety from the Indian and Pacific oceans |
| Trans fat | Also called trans-unsaturated fatty acids or trans fatty acids, it is a type of unsaturated fat that naturally occurs in small amounts in meat. |
| Vannamei shrimp | It refers to tropical prawns and shrimp that are farmed in areas near the equator, generally along the coast in artificial ponds. |
| Wagyu Bee | It is beef derived from any of four strains of a breed of black or red Japanese cattle that are valued for their highly marbled meat. |
| Zoosanitary | It refers to the cleanliness of animals or animal product |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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