Market Forecast By Rearing Product Type (Equipment, Chemicals, Pharmaceuticals, Fertilizers), By Culture (Freshwater, Marine, Brackish Water), By Species (Aquatic Animals, Aquatic Plants) And Competitive Landscape
Product Code: ETC4594733 | Publication Date: Jul 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Egypt Aquaculture Products Market report thoroughly covers the market by rearing product type, by culture, and by species. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The aquaculture product market in Egypt has witnessed significant expansion, becoming one of the leading producers of aquaculture products in the region. This robust development is propelled by the rising demand for seafood due to its health benefits, coupled with the decline of natural fish stocks from overfishing in the Mediterranean and Red Seas. The industry is supported by the Egyptian government's initiatives to promote sustainable aquaculture practices, benefiting from a naturally warm climate that is ideal for year-round aquaculture activities.
According to 6Wresearch, the Egypt Aquaculture Products Market size is estimated to grow at a CAGR of 5.9% during the forecast period 2025-2031. One of the primary drivers is the national policy support for aquaculture development, which facilitates investments and provides training for local fish farmers. Furthermore, the strategic reuse of agricultural drainage water for fish farming has catalyzed the growth of inland aquaculture, conserving resources and fostering innovation in the sector. Currently, there's a trend towards more sustainable and efficient aquaculture practices, such as recirculating aquaculture systems (RAS) that significantly reduce water usage—a critical factor in water-scarce regions. Additionally, advancements in feed formulation aim to reduce costs and improve the nutritional value of aquaculture products, catered to health-conscious consumers and export markets is estimated to boost the growth of the Egypt Aquaculture Products industry.
The Egyptian government has introduced a series of initiatives to support the growth of the aquaculture industry, addressing challenges and capitalizing on the sector's potential. Policies aimed at allocating land for aqua-farms, subsidizing feed costs, and setting up disease surveillance systems exemplify the commitment to enhance the market. These strategic initiatives are aimed not only at domestic food security but also at ensuring Egypt's competitiveness in the global aquaculture market.
Companies like NILE tilapia farms and Cairo Fish Company, known for its diversified fish products, are among those leading the industry. These firms are pivotal in stimulating innovation, ensuring quality, and improving the value chain within Egypt's aquaculture landscape.
The Egypt aquaculture products market growth is poised for continued expansion with a focus on sustainability and technological adoption. Investments in R&D, alongside partnerships between government and private entities, are likely to yield improved cultivation techniques and breed diversity. Increased emphasis on export-quality production and compliance with international standards will further integrate Egypt, enhancing its reputation as a key player in the aquaculture industry.
According to Dhaval, Research Manager, 6Wresearch, the equipment sector that is securing a significant growth in the market. Advances in technology have led to the development of more efficient and sustainable aquaculture equipment, which not only improves the productivity of aqua-farms but also ensures a higher standard of fish health and quality. The increasing adoption of automated feeding systems, water quality sensors, and biosecurity measures is a testament to the industry's shift towards modernization and efficiency.
Based on the species, aquatic animals' category is gaining traction in the market. Renowned for its hardiness and quick growth rate, tilapia has become a staple in Egypt's aquaculture products market. This species is particularly well-suited to the Egyptian climate and is an increasingly popular choice for local consumption and export.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Egypt Aquaculture Products Market Overview |
3.1 Egypt Country Macro Economic Indicators |
3.2 Egypt Aquaculture Products Market Revenues & Volume, 2021 & 2031F |
3.3 Egypt Aquaculture Products Market - Industry Life Cycle |
3.4 Egypt Aquaculture Products Market - Porter's Five Forces |
3.5 Egypt Aquaculture Products Market Revenues & Volume Share, By Rearing Product Type, 2021 & 2031F |
3.6 Egypt Aquaculture Products Market Revenues & Volume Share, By Culture, 2021 & 2031F |
3.7 Egypt Aquaculture Products Market Revenues & Volume Share, By Species, 2021 & 2031F |
4 Egypt Aquaculture Products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Egypt Aquaculture Products Market Trends |
6 Egypt Aquaculture Products Market, By Types |
6.1 Egypt Aquaculture Products Market, By Rearing Product Type |
6.1.1 Overview and Analysis |
6.1.2 Egypt Aquaculture Products Market Revenues & Volume, By Rearing Product Type, 2021 - 2031F |
6.1.3 Egypt Aquaculture Products Market Revenues & Volume, By Equipment, 2021 - 2031F |
6.1.4 Egypt Aquaculture Products Market Revenues & Volume, By Chemicals, 2021 - 2031F |
6.1.5 Egypt Aquaculture Products Market Revenues & Volume, By Pharmaceuticals, 2021 - 2031F |
6.1.6 Egypt Aquaculture Products Market Revenues & Volume, By Fertilizers, 2021 - 2031F |
6.2 Egypt Aquaculture Products Market, By Culture |
6.2.1 Overview and Analysis |
6.2.2 Egypt Aquaculture Products Market Revenues & Volume, By Freshwater, 2021 - 2031F |
6.2.3 Egypt Aquaculture Products Market Revenues & Volume, By Marine, 2021 - 2031F |
6.2.4 Egypt Aquaculture Products Market Revenues & Volume, By Brackish Water, 2021 - 2031F |
6.3 Egypt Aquaculture Products Market, By Species |
6.3.1 Overview and Analysis |
6.3.2 Egypt Aquaculture Products Market Revenues & Volume, By Aquatic Animals, 2021 - 2031F |
6.3.3 Egypt Aquaculture Products Market Revenues & Volume, By Aquatic Plants, 2021 - 2031F |
7 Egypt Aquaculture Products Market Import-Export Trade Statistics |
7.1 Egypt Aquaculture Products Market Export to Major Countries |
7.2 Egypt Aquaculture Products Market Imports from Major Countries |
8 Egypt Aquaculture Products Market Key Performance Indicators |
9 Egypt Aquaculture Products Market - Opportunity Assessment |
9.1 Egypt Aquaculture Products Market Opportunity Assessment, By Rearing Product Type, 2021 & 2031F |
9.2 Egypt Aquaculture Products Market Opportunity Assessment, By Culture, 2021 & 2031F |
9.3 Egypt Aquaculture Products Market Opportunity Assessment, By Species, 2021 & 2031F |
10 Egypt Aquaculture Products Market - Competitive Landscape |
10.1 Egypt Aquaculture Products Market Revenue Share, By Companies, 2024 |
10.2 Egypt Aquaculture Products Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |