United Arab Emirates Seafood Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

United Arab Emirates Seafood Market Trends

The rising number of initiatives is anticipated to propel the production of seafood

• Fish production in the United Arab Emirates increased by 0.81% in 2022 compared to 2021. With the growing need to boost local production to meet the rising demand in the country, the government is taking various steps to boost production. Among these are the cultivation of coral reefs and mangroves, the installation of artificial caves, the specification of permitted fishing zones and equipment, the imposition of a seasonal fishing ban on several species during their spawning seasons, and a permanent ban on endangered species, as well as the designation of 16 marine protected areas covering 12% of our marine and coastal territory.
• The government is encouraging the adoption of new fish production technologies, such as the Recirculating Aquaculture System (RAS) and aquaponics. MoCCAE has launched applications aimed at fishermen to increase local fishing catch, ranging between 78,000 and 79,000 tons per year.
• In 2021, stocks of hamour and other commercially traded fish increased significantly in Abu Dhabi waters as the Sustainable Exploitation Index increased from 8.9% in 2018 to 62.3% in 2021. The Ministry of Agriculture and Fisheries aimed to increase this through aquaculture investments. For instance, in 2021, the Sheikh Khalifa Marine Research Centre delivered 600,000 fish fingerlings to several aquaculture companies in the United Arab Emirates, including Emirates National Fish Farming Company and Fish Farm's Jebel Ali facility, which produces 3,000 tons of fish annually. It plans to increase the production of salmon to fully meet local demand as part of the country's efforts to develop the sector as a means to support the nation’s food security plans.

Dependency on imports is leading to not having a grip on the market prices

• Hot summer and lack of supply resulted in increased fish prices in the United Arab Emirates by 1.81%, from USD 3,914 per ton in 2019 to USD 4,020.5 in 2022. The country consumes 220,000 tons of fish per year, over 75% of which is imported, while aquaculture provides only 2% of the fish consumed locally. The import quantity of fish increased in 2022 due to the increasing consumer demand.
• In 2023, the retail price range for the UAE fish was between USD 4 and USD 20/kg. In 2023, the approximate wholesale price range for the UAE fish was between USD 2.8 and USD 14/kg. Cobia is one of the favorite fish consumed in the country, with retail prices ranging from USD 6 to USD 8 per kg in 2023, around 15-20% lower than the previous year's prices due to an increase in domestic production. This species has good aquaculture potential due to its fast growth rate. A few private enterprises are growing cobia in the United Arab Emirates on an experimental/pilot scale. Household consumers prefer 3-4 kg fish, while hotels, restaurants, and labor camps prefer larger fish, thus boosting the demand.
• Dependency on imports is the major reason for the country not having a hold on its fish prices. In 2021, the country imported 46 thousand tons of frozen fish. The government and the private sector players in the country are working together to develop advanced technical and lucrative business concepts to overcome the major challenges faced by the industry. This includes figuring out how to produce and farm non-endemic fish species in the harsh UAE climate, especially working at a high salinity while developing the local market by making the quality and price work.

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

Segment Analysis: Type

Fish Segment in UAE Seafood Market

The fish segment continues to dominate the United Arab Emirates seafood market, commanding approximately 83% market share in 2024. This substantial market position is primarily driven by fish's lower price point compared to other seafood options, greater nutritional value, and widespread availability through various distribution channels. The UAE's strategic location and access to rich fishing grounds in the Arabian Gulf and Indian Ocean contribute to the steady supply of diverse fish species. Additionally, the government's initiatives to promote sustainable fishing practices and develop aquaculture facilities have helped maintain a consistent supply to meet the growing domestic demand. The segment's strength is further reinforced by the UAE's traditional dietary preferences, where fish remains a staple protein source across different consumer demographics.

Shrimp Segment in UAE Seafood Market

The shrimp segment is positioned as the fastest-growing category in the UAE seafood market, projected to expand at approximately 2% CAGR from 2024 to 2029. This growth trajectory is primarily driven by the rapid development of aquaculture facilities specifically designed for shrimp farming in the region. The segment's expansion is supported by increasing consumer preference for premium seafood products and the rising popularity of shrimp in both household consumption and the foodservice sector. Technological advancements in shrimp farming techniques, coupled with sustainable practices, are enabling producers to meet the growing demand while maintaining quality standards. The segment is also benefiting from the UAE's strategic focus on food security, with several initiatives promoting domestic shrimp production to reduce import dependency.

Remaining Segments in UAE Seafood Market

The other seafood segment, encompassing various marine products beyond fish and shrimp, plays a vital role in diversifying the UAE's seafood market offerings. This category includes products such as crabs, lobsters, mollusks, and other specialty seafood items that cater to premium market segments and specific cultural preferences. The segment's significance is particularly evident in the high-end restaurant sector and luxury hospitality industry, where diverse seafood options are essential for maintaining menu variety. These products often command premium prices and serve niche market demands, contributing to the overall value proposition of the UAE's seafood industry while meeting the sophisticated tastes of both local consumers and international visitors.

Segment Analysis: Form

Fresh/Chilled Segment in UAE Seafood Market

The Fresh/Chilled segment dominates the UAE seafood market, commanding approximately 53% of the total market value in 2024. This significant market share can be attributed to the strong consumer preference for fresh seafood products in the UAE, where consumers believe wild-caught fresh fish to be more natural, delicious, and healthy. The segment's dominance is further strengthened by the UAE's strategic coastal location, which enables easy access to fresh seafood supplies. The robust cold chain infrastructure and efficient distribution networks across the country ensure that fresh and chilled seafood products maintain their quality from catch to consumption. Additionally, the growing awareness about health benefits associated with consuming fresh seafood and the increasing disposable income of UAE residents continue to drive the demand for fresh/chilled seafood products.

Processed Segment in UAE Seafood Market

The Processed segment is emerging as the fastest-growing category in the UAE seafood market, projected to grow at a CAGR of approximately 2.4% during 2024-2029. This accelerated growth is primarily driven by the increasing demand for convenient, ready-to-eat, and ready-to-cook seafood products that align with the fast-paced lifestyle of UAE consumers. The segment's growth is further supported by technological advancements in processing techniques that help maintain the nutritional value while extending shelf life. Modern urban consumers' preference for value-added seafood products, coupled with the rising number of working professionals seeking quick meal solutions, is fueling the segment's expansion. Additionally, the processed seafood segment is benefiting from innovative packaging solutions and the introduction of new flavored and marinated seafood products that cater to diverse consumer preferences.

Remaining Segments in Form Segmentation

The Frozen and Canned segments play crucial roles in the UAE seafood market, offering different value propositions to consumers. The frozen seafood segment serves as a vital bridge between supply and demand, providing year-round availability of various seafood species while maintaining their nutritional value. This segment is particularly important for imported seafood products and institutional buyers. Meanwhile, the canned seafood segment offers convenience and longer shelf life, making it a popular choice for household pantry staples. Both segments benefit from continuous improvements in preservation technologies and packaging innovations, while also addressing the needs of price-sensitive consumers who seek affordable seafood options without compromising on quality.

Segment Analysis: Distribution Channel

Off-Trade Segment in UAE Seafood Market

The off-trade segment dominates the United Arab Emirates seafood market through its extensive network of retail outlets, including supermarkets, hypermarkets, convenience stores, and online channels. This segment's strength lies in its ability to provide consumers with diverse seafood options across multiple price points and product forms from fresh and frozen to processed varieties. The widespread presence of major retail chains across the UAE, combined with their sophisticated cold chain infrastructure, enables them to maintain product quality and freshness. Additionally, the growing adoption of e-commerce platforms by major retailers has enhanced accessibility and convenience for consumers seeking seafood products, particularly in urban areas.

Online Channel Segment in UAE Seafood Market

The online channel is emerging as the fastest-growing distribution segment in the UAE seafood market for the period 2024-2029. This growth is primarily driven by the increasing digitalization of retail operations and changing consumer preferences towards convenient shopping options. E-commerce platforms are investing heavily in temperature-controlled delivery infrastructure to ensure product freshness and quality. The segment's expansion is further supported by the rising smartphone penetration, improved internet connectivity, and the development of user-friendly mobile applications that offer seamless ordering experiences. Major retailers and specialized seafood vendors are enhancing their digital presence through dedicated online platforms and partnerships with food delivery services.

Remaining Segments in Distribution Channel

The on-trade channel continues to play a vital role in the UAE seafood market through restaurants, hotels, catering services, and other foodservice establishments. This segment caters to both the local population and the country's thriving tourism industry, offering premium seafood dishes and specialized preparations. Traditional fish markets and specialized seafood stores maintain their significance in the distribution landscape, particularly for fresh seafood products. These channels benefit from their ability to provide personalized service, expert product knowledge, and the traditional shopping experience that many consumers still prefer for their seafood purchases.

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