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Thursday, 26 August 2021

Saudi Arabia Seafood Market to Witness Steady Growth till 2026 | TechSci Research

Rise in the health-consciousness and increase in the per capita income is expected to drive the demand for Saudi Arabia Seafood market in the forecast period.

Saudi Arabia Seafood Market - TechSci Research

According to TechSci Research report, “Saudi Arabia Seafood Market By Product (Fish, Shrimp, Crab, Lobster, Others) By Type (Raw, Frozen, Processed) By Application (Retail, Institution Sales and Food Service) By Distribution Channel (Supermarket/Hypermarket, Departmental Stores, Specialized Stores, Online, Others), Company Forecast & Opportunities, 2026”, the Saudi Arabia Seafood market is expected to witness steady growth in the next five years. An increase in the initiatives offered by the government to raise the confidence of the consumers in eating quality seafood is expected to influence the demand for seafood in the next five years. According to the Saudi Vision 2030, the leading authorities are encouraging to increase the domestic production of the fish by adopting advanced technologies and measures to reduce the dependency on the export of the fish. Under Vision 2030, aquaculture production is expected to reach around half a million tonnes thereby significantly contributing to the growth of the economy and fuel the growth of the seafood market in the next five years. The presence of a large red sea coastline and favorable environmental conditions is expected to act as a positive factor contributing to the growth of the seafood market. Identification of the geographic locations favoring the maximum production of the seafood and supply of raw materials and quick logistics by the concerned authorities can accelerate the growth of the seafood market. Organizing social media campaigns to raise consumer awareness regarding the health benefits of consuming seafood is expected to fuel the seafood market growth. Technological advancements made in the production, packaging, distribution of seafood and its related products are expected to influence the market growth in the forecast period.

The COVID-19 outbreak across the world which has been declared as a pandemic by World Health Organization has affected countries adversely. Leading authorities of Saudi Arabia imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Coronavirus-affected patients started suffering from shortness of breath along with coughing and sneezing. Manufacturing units were temporarily shut down, and the shortage of workforce was observed as the majority of workers moved back to their native places. The disruption in the supply chain and the restriction over the import and export activities negatively affected the growth of the seafood market.

However, depletion of certain sea species and short shelf life of the seafood products may hamper the Seafood market growth in the forecast period.

Browse XX Figures spread through XX Pages and an in-depth TOC on "Saudi Arabia Seafood Market”.

https://www.techsciresearch.com/report/saudi-arabia-seafood-market/7727.html

Saudi Arabia Seafood market is segmented into product, type, application, distribution channel, regional distribution, and company. Based on the product, the market can be divided into fish, shrimp, crab, lobster, and others. The fish segment is expected to account for major market share in the forecast period, 2022-2026 owing to the high demand for the consumption of the fish. An increase in the popularity of the fish as a high protein alternative to meat is expected to foster the fish segment market growth.

Sea Land Seafood Trading Co., Arab Fisheries Co, Al Faisal Fisheries Co, National Aquaculture Group, Rubban Fisheries Trading Company, Izafco LLC, Jazadco Shrimp Sales, Saudi Fisheries Company, Sami Hamad Est, Mohamed Ali Al Aradi & Partner Co., Uzma TE, Zuhair Al Madani Food Trading, King Fisheries Est. Jubail, Kingdom, Fitkar International Trading Company, Mohamed A. Alharbi Est. - Alharbi Seafoods are the leading players operating in Saudi Arabia Seafood market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several Seafood manufacturers are coming up with their technologically advanced offerings.

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“The adoption of a sustainable method of fishing can increase the domestic production of fish to satisfy the growing consumer demand for the consumption of fish. The increase in the presence of restaurants, hotels, cafes, amongst others, and the collaboration of fisherman and fish farmers with retailers, foodservice providers, and distributors can act as a catalyst for the growth of the seafood market in the next five years. Improvement of the infrastructure of the supply chain along with the rise in the affordability of seafood is further expected to propel the seafood market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a global research-based management consulting firm.

“Saudi Arabia Seafood Market By Product (Fish, Shrimp, Crab, Lobster, Others) By Type (Raw, Frozen, Processed) By Application (Retail, Institution Sales and Food Service) By Distribution Channel (Supermarket/Hypermarket, Departmental Stores, Specialized Stores, Online, Others), Company Forecast & Opportunities, 2026” has evaluated the future growth potential of Saudi Arabia Seafood market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of Saudi Arabia Seafood market.

Browse Related Reports:

https://www.techsciresearch.com/report/vietnam-seafood-market/7336.html?cid=7336&catid=7336

Saudi Arabia Aquaculture Market By Type (Fisheries, Seaweeds, Microalgae, Crustaceans, Mollusks, Others) By Culture (Freshwater, Brackish Water, Marine) By Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, Online) By Region, Competition Forecast & Opportunities, 2026

https://www.techsciresearch.com/report/saudi-arabia-aquaculture-market/7667.html

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Monday, 5 April 2021

Vietnam Seafood Market to Grow with a steady pace until 2026 | TechSci Research

Increasing consumption of fish drives the growth of Vietnam Seafood Market in the forecast period.

Vietnam Seafood Market - TechSci Research

According to TechSci report on, “Vietnam Seafood Market By Product (Fishes, Shrimps, Oysters, Snails, Others) By Process (Fresh, Frozen) By Distribution Channel (Supermarket/Hypermarket, Traditional Retails, Specialized Retails, Online Retails, Others) By End User (Household, PBCL {Pubs, Bar, Cafes, and Lounges}, QSR {Quick Service Restaurants}, Others) By Company By Region (Northern, Central, Southern) Competition Forecast & Opportunities, 2026”, Vietnam Seafood market has shown promising growth in historical years until 2019 and is expected to continue its growth in upcoming forecast years 2022 to 2026. The market is anticipated toward growth owing to the factors like increased consumption of fishes and shrimps. Also, demand for authentic seafood dishes and traditional recipes in the quick service restaurants is increasing thereby driving the growth of Vietnam seafood market in the forecast years, 2022-2026.

Also, tourism in the country is expected to increase in the upcoming five years. Tourists with an appetite for the specialized Vietnamese cuisine increase the demand of seafood in the country thereby directly affecting the seafood market positively. Vietnam is also among one of the largest exporters of seafood in countries like Russia, Japan etc. The demand for export will enhance the farming of freshwater fish in the forecast period. Food habits of not only Vietnamese population but the importing countries too, are highly influencing the growth of Vietnam aquatic food market, in 2022-2026.

Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on "Vietnam Seafood Market"

https://www.techsciresearch.com/report/vietnam-seafood-market/7336.html

Vietnam seafood market is segmented by product, process, distribution channel, end user, and regional distribution. Based on process the market is further bifurcated into fresh and frozen products. Fresh seafood is preferable by the population for its nutritional value and flavour of the product thereby fresh seafood is expected to dominate the market for the upcoming five years. Frozen seafood with the additives that prolongs the shelf life of the product is also expected to grow in the near future. Many competitors are entering the online retail market with the frozen seafood with advanced packaging and prolonged shelf life of the product. Dried fishes and shrimps are also available in the supermarkets and markets.

Vietnamese economy was widely affected by the pandemic that set foot in early 2020. Vietnam seafood market was not untouched, either. While observing the lockdown, consumers were not able to visit multiple distribution channels and could only order online thereby influencing the online retail, which is expected to gain major revenue shares in upcoming years, thus driving the growth in Vietnam seafood market in the forecast years. Also, the export of the seafood from the country was halted completely there by negatively impacting the market. After observing a setback, seafood market is expected to revisit its growth and show a promising future.

Some of the top players in the Vietnam seafood market are, Ca Mau Seafood Processing & Service Joint Stock Corporation, Hung Vuong Corporation, Minh Phu Seafood Corporation, Vinh Hoan Corporation, Quoc Viet Seafood Co. Ltd., Dong Nam Seafood Corp, Phuong Dong Seafood, Ngoc Sinh Seafood, SOC Trang Seafood Joint Stock Company, Thuan Hung Fisheries Company Ltd, among others. The companies are involving themselves into research and development for the methods of better quality, and various quality analysis tests to provide the better quality seafood.

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“As a member of Association of Southeast Asian Nations (ASEAN), Vietnam carries out bilateral trades with huge economies like US, China, India, etc. Under the agreement, Vietnam is involved with various trades, one of which is seafood trade. Vietnam is a major exporter after China for seafoods in the neighboring countries like India, Japan, and Russia. New investors are advised to penetrate the market keeping in mind the policies and regulations of these importers. Often the quality control and quality checks at the sea-borders of these countries take a long there by spoiling the quality of the product and thus causing losses to the transporters and suppliers,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Vietnam Seafood Market By Product (Fishes, Shrimps, Oysters, Snails, Others) By Process (Fresh, Frozen) By Distribution Channel (Supermarket/Hypermarket, Traditional Retails, Specialized Retails, Online Retails, Others) By End User (Household, PBCL {Pubs, Bar, Cafes, and Lounges}, QSR {Quick Service Restaurants}, Others) By Company By Region (Northern, Central, Southern) Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Vietnam seafood market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Vietnam seafood market.

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Vietnam Food Processing Equipment Market, By Type (Thermal Equipment, Mixers Blenders & Homogenizers, Cutting & Peeling Equipment, Extraction Equipment and Others), By Mode of Operation (Automatic and Semi-Automatic), By End-Product Form (Solid Form, Liquid Form and Semi-Solid Form), By Application (Bakery & Confectionery, Dairy, Meat & Seafood, Alcoholic Beverages, Non-Alcohol Beverages and Others), By Company and By Geography, Forecast & Opportunities, 2025

https://www.techsciresearch.com/report/vietnam-food-processing-equipment-market/2038.html

Vietnam Food Certification Market, By Type (ISO 22000, SQF, BRC, IFS, USDA Organic, Halal, Kosher and Others), By Applications (Processed Meat & Poultry, Organic Food, Infant Food, Dairy Products, Beverages, Seafood and Others), By Company and By Geography, Forecast & Opportunities, 2025

https://www.techsciresearch.com/report/vietnam-food-certification-market/2970.html