Middle East Seafood Market Size and Share

Middle East Seafood Market (2025 - 2030)
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Middle East Seafood Market Analysis by Mordor Intelligence

The Middle East seafood market was valued at USD 22.13 billion in 2025 and is expected to grow to USD 24.30 billion by 2030, registering a CAGR of 1.89% during the forecast period. This growth is driven by increasing health awareness among consumers and the rising expatriate population in the region. Fish remains the most consumed seafood due to its deep-rooted presence in traditional cuisines. At the same time, premium shrimp is becoming more popular as consumers prefer seafood that is both nutritious and versatile in cooking. There is also a noticeable shift toward frozen and processed seafood products, influenced by the growing presence of modern retail stores and the challenges of preserving fresh seafood in the region's hot climate. Farmed seafood production is expanding rapidly, while wild-catch production has remained steady, reflecting a shift in sourcing trends. In terms of distribution, the foodservice sector continues to dominate, driven by the region's strong dining-out culture. However, retail channels are evolving, with modern supermarkets and hypermarkets reshaping how consumers purchase seafood. The market is highly competitive and fragmented, with regional seafood processors, independent fishing fleets, and global exporters competing for market share. These players are striving to secure shelf space in retail outlets and placements on foodservice menus, making the competition intense across the supply chain.

Key Report Takeaways

  • By seafood type, fish led with 64.65% of the Middle East seafood market share in 2024, while shrimp is projected to expand at a 2.57% CAGR through 2030.
  • By form, frozen products accounted for 52.55% of the Middle East seafood market size in 2024, and processed offerings are advancing at a 2.45% CAGR to 2030.
  • By source, wild-caught supply held 61.47% of the Middle East seafood market share in 2024; farmed production is forecast to rise at a 3.84% CAGR between 2025 and 2030.
  • By distribution channel, on-trade purchases represented 55.83% of 2024 revenues, whereas off-trade sales are growing at a 2.75% CAGR to 2030.
  • By geography, the United Arab Emirates captured 25.72% revenue share in 2024; Bahrain is pacing the region with a 3.59% CAGR through 2030.

Segment Analysis

By Seafood Type: Premium Shrimp Outpaces Dominant Fish

In 2024, fish made up 64.65% of the Middle East seafood market share, largely due to the popularity of regional favorites like hamour and grouper. These fish are widely featured in restaurants and hotels, often served as grilled whole fish or in communal platters, which are staples in the region's cuisine. The strong demand for finfish is rooted in cultural traditions and a preference for fresh, high-quality protein. The consistent availability of these fish through retail stores and foodservice channels ensures their dominance in the market. This combination of cultural significance and reliable supply has made finfish the largest and most stable segment in the Middle East seafood market.

Shrimp is the fastest-growing segment in the region, with a projected CAGR of 2.57%, driven by changing consumer preferences and evolving food trends. Younger consumers are increasingly enjoying shrimp in various dishes like tacos, tempura, and spicy boils, which have gained popularity through social media and street food culture. Gulf producers are focusing on species like vannamei and black tiger shrimp because of their efficient growth rates and high feed-to-growth ratios. Investments in nurseries and hatcheries have also helped reduce production cycles, allowing shrimp to reach the market faster. These factors are fueling the growth of shrimp as a dynamic and expanding category in the Middle East seafood market.

Middle East Seafood Market: Market Share by Seafood Type
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By Form: Frozen Convenience Leads While Processing Gains Speed

Frozen seafood made up 52.55% of the Middle East seafood market in 2024, largely because consumers trust its longer shelf life, which is especially important in the region's hot climate. Retailers are encouraging sales by offering family-sized packs of fillets and breaded seafood, along with discounts and loyalty rewards. To support this demand, cold-storage facilities near key ports like Jebel Ali and Dammam are expanding, helping to reduce spoilage and improve supply efficiency. Online grocery platforms are also making frozen seafood more accessible by using insulated packaging and same-day delivery services. These efforts are making frozen seafood a convenient and reliable choice for consumers across the region.

Processed seafood is becoming a fast-growing segment, with a 2.45% CAGR, as urban lifestyles drive demand for ready-to-eat and easy-to-prepare meal options. Companies are introducing innovative products like canned tuna with bold flavors such as chili or lemon and pepper, as well as sushi kits that allow consumers to prepare meals at home. Strict adherence to halal and food safety standards, such as HACCP, is also helping manufacturers tap into export opportunities in Muslim-majority African countries. Additionally, premium packaging and targeted marketing in travel retail are boosting the appeal of processed seafood. This growth reflects a shift toward convenience and variety without compromising on quality or taste.

By Source: Farmed Output Accelerates as Wild-Catch Plateaus

Wild-caught seafood made up 61.47% of the Middle East seafood market share in 2024, highlighting the region’s long-standing fishing traditions. However, stricter regulations and licensing quotas are being implemented to address overfishing concerns. Fishing fleets are upgrading their equipment and using selective gear to reduce bycatch, which is the unintentional capture of non-target species. Seasonal bans on certain species are also being enforced to protect their breeding cycles, though these restrictions often lead to lower catch volumes and fluctuating prices. These changes are significantly impacting the supply chain, influencing both the availability and cost of wild-caught seafood in the region.

Farmed seafood is growing rapidly in the Middle East, with a compound annual growth rate (CAGR) of 3.84%, driven by advancements in aquaculture technology. Recirculating aquaculture systems, which recycle water and maintain optimal temperatures, are improving efficiency and sustainability. In Saudi Arabia, Topian Aquaculture is working toward producing 20,000 tonnes of finfish by 2030, while Oman is promoting a cluster aquaculture model that supports small-scale farmers through shared resources. Investments in local feed mills aim to reduce dependence on imported feed ingredients like soybean meal and fishmeal, lowering costs and improving biosecurity. These developments are positioning farmed seafood as a reliable and scalable option to meet the region’s increasing demand for seafood.

Middle East Seafood Market: Market Share by Source
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By Distribution Channel: Foodservice Dominance Meets Retail Modernization

In 2024, on-trade outlets such as hotels, restaurants, and caterers contributed 55.83% of the Middle East seafood market revenue. This growth is largely driven by increasing tourism and a busy schedule of corporate events in the region. High-end hotels in cities like Dubai and Doha are offering unique seafood dining experiences, such as live oyster shucking and grilled lobster, which attract both tourists and locals. Meal-plan providers are incorporating seafood into health-focused menus, supplying marinated fillets to fitness centers, hospitals, and wellness facilities. These efforts highlight the premium appeal of seafood in the foodservice industry, combining luxury dining with health-conscious options to meet diverse consumer preferences.

Off-trade channels, including supermarkets and online platforms, are also witnessing steady growth, with a compound annual growth rate (CAGR) of 2.75%. Supermarkets and hypermarkets are enhancing the shopping experience by introducing seafood sections with live tanks and in-store chef demonstrations. Meanwhile, online grocery platforms are catering to convenience-focused consumers by offering subscription boxes that include curated seafood assortments, recipes, and spice blends to encourage home cooking. Loyalty programs and app-based promotions are further boosting customer engagement by offering personalized deals and incentives. These advancements in retail and e-commerce are making fresh, frozen, and processed seafood more accessible to a wider audience, driving growth in the off-trade segment.

Geography Analysis

The United Arab Emirates (UAE) contributed 25.72% of the regional seafood market revenue in 2024, with Dubai acting as a key center for importing and re-exporting seafood to other GCC countries. Abu Dhabi is making significant investments in food security by developing facilities like hatcheries, feed mills, and Recirculating Aquaculture System (RAS) farms to boost local seafood production. Retail chains such as Carrefour and Spinneys are expanding their seafood offerings to meet growing consumer demand. Additionally, premium dining establishments like Pierchic and Fish Hut in Dubai are attracting both residents and tourists by offering high-quality seafood experiences. The UAE’s diverse expatriate population and strong marketing efforts in retail and hospitality continue to solidify its position as a leading seafood market in the region.

Bahrain is focusing on eco-tourism and unique seafood dining experiences, with a projected CAGR of 3.59% through 2030. Restaurants like Dawa are promoting “sea-to-table” concepts by sourcing seafood directly from local fishermen, providing customers with fresh and authentic meals. Environmental initiatives, such as mangrove restoration, are helping to improve fish nursery grounds, while blockchain-based traceability systems are enhancing the transparency and global appeal of Bahraini seafood. Other countries in the region, including Qatar, Kuwait, and Oman, are also contributing to the market’s growth by gradually developing aquaculture, improving seafood processing capabilities, and upgrading retail infrastructure. The Levant region benefits from GCC re-exports and shared expertise in seafood production and trade, further supporting the overall market.

Saudi Arabia is emerging as the fastest-growing seafood market in the Middle East, driven by its Vision 2030 initiative. The country is heavily investing in aquaculture projects, such as the Red Sea Aquaculture Development and NEOM’s sustainable fisheries program, to increase domestic seafood production. Public health campaigns are encouraging higher seafood consumption among the population, while innovative foodservice operators like Operation Seafood in Jeddah are introducing globally inspired seafood menus to cater to evolving consumer preferences. By combining large-scale production efforts with culinary innovation, Saudi Arabia is positioning itself as a key player in driving the growth of the regional seafood market.

Competitive Landscape

The seafood industry in the Middle East is highly fragmented, with the top five suppliers holding less than 30% of the market share. Major players are focusing on vertical integration to control the entire supply chain, from farming to processing and distribution. For instance, NEOM-backed Topian Aquaculture has adopted advanced offshore cages and hatcheries to ensure a steady supply for local consumption and potential exports. Similarly, Saudi Fisheries Company launched a value-added subsidiary in 2025 to tap into higher-margin products like breaded seafood portions and chilled ready-to-eat meals, aiming to diversify its offerings and increase profitability.

Regional seafood processors are collaborating with international technology providers to modernize their operations. Upgrades include advanced freezing tunnels, filleting equipment, and cold-chain logistics to maintain product quality. In Oman, canneries are taking advantage of their proximity to Indian Ocean fishing grounds to process and package mackerel and tuna for both GCC supermarkets and African markets. Retail chains are also expanding their private-label frozen seafood lines by securing direct contracts with exporters from countries like Norway and Chile to ensure a consistent supply of salmon. Digital start-ups are disrupting traditional wholesale models by offering app-based ordering systems that cater to both households and restaurants, making seafood more accessible.

Investor interest in the Middle East seafood market remains strong, but investments are being made cautiously. For example, a proposed USD 560 million deal between Guolian and Saudi investors was canceled due to concerns over biosecurity and return on investment metrics. Private equity firms are exploring opportunities in scalable franchise models, such as those offered by retail chains like Amo Hamza. Meanwhile, infrastructure funds are showing interest in refrigerated warehouse platforms, which are becoming increasingly important due to the growing demand for online grocery services. These developments highlight the region's potential for growth while emphasizing the need for strategic and well-planned investments.

Middle East Seafood Industry Leaders

  1. Albatha Group

  2. Al Munajem Foods

  3. Oman Fisheries Co. SAOG

  4. Sea Pride LLC

  5. Arabian Fisheries Co.

  6. *Disclaimer: Major Players sorted in no particular order
Middle East Seafood Market
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Recent Industry Developments

  • April 2025: NEOM and Tabuk Fisheries introduced Topian Aquaculture, aiming to produce 20,000 tonnes of finfish annually along with 42 million fingerlings. This initiative focused on enhancing domestic seafood supply and creating export opportunities.
  • November 2024: The board of Saudi Fisheries Company approved plans to establish an aquaculture company in Riyadh. This initiative was subject to obtaining the required approvals and licenses and aims to enhance the aquaculture sector in the region.
  • May 2024: Simak announced the commissioning of a USD 67 million seafood canning complex in Oman. This facility is expected to enhance the region's value-added capabilities while supporting the local seafood processing industry.

Table of Contents for Middle East Seafood Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Health-driven shift toward lean protein and omega-3 diets
    • 4.2.2 Expanding expatriate and tourism base
    • 4.2.3 Increasing processed and value-added seafood demand
    • 4.2.4 Sustainable and traceable sourcing trends
    • 4.2.5 Culinary globalization and foodservice demand
    • 4.2.6 Government aquaculture initiatives and food security policies
  • 4.3 Market Restraints
    • 4.3.1 Competition from alternative proteins
    • 4.3.2 Limited export competitiveness
    • 4.3.3 Stringent regulatory and quality standards
    • 4.3.4 Climatic and environmental challenges
  • 4.4 Regulatory Outlook
  • 4.5 Consumer Behaviour Analysis
  • 4.6 Porter’s Five Forces
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitute Products
    • 4.6.5 Intensity of Competitive Rivalry

5. MARKET SIZE AND GROWTH FORECASTS (VALUE AND VOLUME)

  • 5.1 By Seafood Type
    • 5.1.1 Fish
    • 5.1.1.1 Salmon
    • 5.1.1.2 Hamour
    • 5.1.1.3 Other Fish Type
    • 5.1.2 Shrimp
    • 5.1.3 Other Seafood
  • 5.2 By Form
    • 5.2.1 Canned
    • 5.2.2 Fresh/Chilled
    • 5.2.3 Frozen
    • 5.2.4 Processed
  • 5.3 By Source
    • 5.3.1 Farmed
    • 5.3.2 Wild-Caught
  • 5.4 By Distribution Channel
    • 5.4.1 Off-Trade
    • 5.4.1.1 Supermarkets/Hypermarkets
    • 5.4.1.2 Online Retail Stores
    • 5.4.1.3 Convenience Stores
    • 5.4.1.4 Others
    • 5.4.2 On-Trade
    • 5.4.2.1 Hotels
    • 5.4.2.2 Restaurants
    • 5.4.2.3 Catering
  • 5.5 By Country
    • 5.5.1 Bahrain
    • 5.5.2 Kuwait
    • 5.5.3 Oman
    • 5.5.4 Qatar
    • 5.5.5 Saudi Arabia
    • 5.5.6 United Arab Emirates
    • 5.5.7 Rest of Middle East

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global-level Overview, Market-level Overview, Core Segments, Financials (if available), Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
    • 6.4.1 Albatha Group
    • 6.4.2 Al Munajem Foods
    • 6.4.3 National Fishing Company K.S.C.
    • 6.4.4 Oman Fisheries Co. SAOG
    • 6.4.5 Mowi ASA
    • 6.4.6 Sea Pride LLC
    • 6.4.7 Arabian Fisheries Co.
    • 6.4.8 National Aquaculture Group (NAQUA)
    • 6.4.9 Savola Foods Company (Al Kabeer Group)
    • 6.4.10 Saudi Fisheries Co.
    • 6.4.11 The Arabian Shrimp Company
    • 6.4.12 Tabuk Fisheries Co.
    • 6.4.13 Alkhazar Fisheries Factory
    • 6.4.14 Thai Union (Chicken of the Sea)
    • 6.4.15 Al Jaraf Fisheries
    • 6.4.16 Dulcich Inc.
    • 6.4.17 Sea World Fish Processing (LLC)
    • 6.4.18 Al Islami Foods
    • 6.4.19 Danah Fisheries Company
    • 6.4.20 Nueva Pescanova Group

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

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Middle East Seafood Market Report Scope

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. Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates are covered as segments by Country.
By Seafood Type
Fish Salmon
Hamour
Other Fish Type
Shrimp
Other Seafood
By Form
Canned
Fresh/Chilled
Frozen
Processed
By Source
Farmed
Wild-Caught
By Distribution Channel
Off-Trade Supermarkets/Hypermarkets
Online Retail Stores
Convenience Stores
Others
On-Trade Hotels
Restaurants
Catering
By Country
Bahrain
Kuwait
Oman
Qatar
Saudi Arabia
United Arab Emirates
Rest of Middle East
By Seafood Type Fish Salmon
Hamour
Other Fish Type
Shrimp
Other Seafood
By Form Canned
Fresh/Chilled
Frozen
Processed
By Source Farmed
Wild-Caught
By Distribution Channel Off-Trade Supermarkets/Hypermarkets
Online Retail Stores
Convenience Stores
Others
On-Trade Hotels
Restaurants
Catering
By Country Bahrain
Kuwait
Oman
Qatar
Saudi Arabia
United Arab Emirates
Rest of Middle East
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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.
research-methodology
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