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Saudi Arabia Seafood Market Sails with 4.8% CAGR: Rising Demand, Government Support & Shrimp Surge Propel Growth

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Saudi Arabia’s seafood market is casting a wider net, propelled by a rising tide of consumer demand, supportive government policies, and a booming shrimp segment. Ken Research’s ‘Saudi Arabia Seafood Market Outlook to 2028′ report forecasts a steady growth of 4.8% CAGR between 2022 and 2028, offering enticing opportunities for stakeholders in this evolving market. This press release dives into the report’s key findings, highlighting the market’s growth drivers, challenges, and promising future.
Market Overview: A Healthy Catch for the Economy
Saudi Arabia’s seafood market plays a crucial role in contributing to the country’s food security and diversifying its economy. With a current market size of $1.07 billion, the demand for seafood is expected to reach $1.46 billion by 2028, propelled by several factors:

Rising Demand: Increasing awareness about the health benefits of seafood, coupled with growing disposable incomes and urbanization, is driving demand for a wider variety of seafood products.
Government Support: Initiatives like the National Aquaculture Strategy and the Fish Farming Development Program are actively promoting domestic fish production and aquaculture, further strengthening the market.
Diversification Drive: Recognizing the potential of the sector, the government is encouraging investments in seafood processing and infrastructure development, aiming to reduce reliance on imports.

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Market Segmentation: Casting a Wider Net
The report segments the Saudi Arabia seafood market by product type, distribution channel, and regional distribution:

Product Type: Fish is the most consumed seafood type, accounting for 45% of the market value in 2022. However, shrimp is the fastest-growing segment, expected to witness a CAGR of 4.75% during the forecast period, driven by increasing demand and domestic production.
Distribution Channel: The on-trade segment (restaurants and hotels) currently dominates the market, accounting for 55% of the market value in 2022. However, the off-trade segment (supermarkets and hypermarkets) is expected to witness faster growth due to changing consumer preferences and convenience.
Regional Distribution: Major cities like Riyadh, Jeddah, and Dammam account for the majority of seafood consumption, but smaller cities and rural areas are expected to contribute to future growth.

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Competitive Landscape: A School of Diverse Players
The market features a mix of established players and emerging ones:

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Leading Seafood Distributors: Sea Land Seafood Trading Co., Arab Fisheries Co., and Al Faisal Fisheries Co. are major players with extensive distribution networks and brand recognition.
International Seafood Suppliers: Companies like Thai Union and Cargill cater to the demand for imported seafood varieties.
Emerging Aquaculture Players: The rise of local aquaculture farms like National Aquaculture Group and Rubban Fisheries Trading Company is increasing domestic production and diversifying product offerings.

Challenges: Rough Waters Ahead
Despite its promising future, the Saudi Arabia seafood market faces some challenges:

Limited Domestic Production: The country largely relies on imports for its seafood needs, making it vulnerable to fluctuations in global prices and supply chain disruptions.
Inadequate Infrastructure: Limited cold storage facilities and underdeveloped logistics networks pose challenges for efficient distribution and quality control.
Skilled Workforce Shortage: The lack of trained professionals in aquaculture and seafood processing hinders the industry’s growth potential.

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Future Outlook: Navigating Towards Smoother Sailing
Despite these challenges, the Saudi Arabia seafood market is expected to maintain its positive trajectory, driven by several factors:

Continued Government Support: Continued investments in domestic production, infrastructure development, and capacity building initiatives will provide a significant boost.
Technological Advancements: The adoption of advanced technologies like aquaculture automation and traceability solutions will enhance efficiency and sustainability.
Growing E-commerce: The surge of e-commerce platforms like noon and Amazon is creating new avenues for online seafood sales, particularly in the off-trade segment.

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Key Takeaways for Stakeholders:
This report provides valuable insights for various stakeholders in the Saudi Arabia seafood market, including:

Investors: Identifying lucrative investment opportunities in aquaculture, processing facilities, and cold chain infrastructure.
Seafood Suppliers: Understanding evolving consumer preferences, expanding product offerings, and adapting to changing distribution channels.
Government Agencies: Formulating policies and regulations that support sustainable aquaculture practices, attract foreign investments, and address the skilled workforce shortage.
Consumers: Gaining insights into the safety and sustainability of seafood products, with government initiatives contributing to improved quality and responsible sourcing.

Conclusion:
Conclusion: Chart Your Course in Saudi Arabia’s Booming Seafood Market
The Saudi seafood market simmers with promise, fueled by rising demand, government backing, and a surging shrimp segment. But navigating its currents requires deeper understanding.
Ken Research’s “Saudi Arabia Seafood Market Outlook to 2028” report serves as your comprehensive guide, providing:

Granular segmentation: Dive beyond trends to understand specific product types, distribution channels, and regional markets.
Competitive landscape analysis: Identify key players, their strengths, and formulate winning strategies.
Future predictions: Navigate market currents with confidence using informed forecasts on growth trends, technologies, and challenges.
Actionable insights: Gain practical guidance on investment opportunities, entry strategies, and navigating regulations.

Taxonomy
KSA Seafood Market Segmentation
By Type
Fish
Shrimps
Crustaceans
Others (Lobsters, Mullusks and more)
By Form
Fresh
Frozen
Primary Processed
Secondary Processed
By Fish
Frozen
Fresh
Primary Processed
Secondary Processed
By Shrimp
Fresh
Frozen
Primary Processed
Secondary Processed
By Crustaceans
Fresh
Frozen
Primary Processed
Secondary Processed
By others (Lobsters, Mullusks and more)
Fresh
Frozen
Primary Processed
Secondary Processed
By Place of Retail
Off-Trade
On- Trade
By Off-Trade
Offline
Online
By On Trade
Restaurants
Hotels
Catering
Others (food trucks, cloud kitchens and other un-organized food sellers)
By Offline
Traditional Markets
Hypermarkets
By Major Region
Western Region
Central Region
Eastern Region
Sothern Region
Northern Region
KSA Processed Seafood Market Segmentation
By Type of Processing
Primary
Secondary
By Fish
Primary Processed
Secondary Processed
By Shrimp
Primary Processed
Secondary Processed
By Crustaceans
Primary Processed
Secondary Processed
By others (Lobsters, Mullusks and more)
Primary Processed
Secondary Processed
By Primary Processing
Filleting
Portioning
Skinning
Others (Cleaning, heading, slaughtering and more.)
By Secondary Processing
Dried
Smoked
Breaded
Others (Pickling, marinating, brining and more.)
By Place of Retail
Off-Trade
On- Trade
By Place of Retail for Primary Processing
Off-Trade
On- Trade
By Major region
Western Region
Central Region
Eastern Region
Sothern Region
Northern Region
KSA Distribution & Retail Seafood Market Segmentation
By Distribution Channel
Wholesale Channels
Direct Retail
By Type of wholesale
Fish
Shrimp
Crustaceans
Others
By Major region
Western Region
Central Region
Eastern Region
Sothern Region
Northern Region
KSA Fish Feed Market Segmentation
By Type
Fish
Shrimps
Crustaceans
Others (Sea cucumber, mussels and more.)
By End-Users
E-Commerce
Retail
Others
By Form
Pellet
Granules
Sticks
Flakes
Powder and Others
By End User
Nutritional Feed
Medication Feed
Environmental Feed
Algae- Based Feed
Color enhancing Feed
Others
By Type of Trade
Domestic
Import
By Distribution Channel
Wholesale
Direct Retail
By Major City
Jeddah
Jazan
Dammam
Others (Makkah, Tabuk, Madinah.)
For More Insights On Market Intelligence, Refer To The Link Below: –
KSA Seafood and Fish Feed Market
Related Reports by Ken Research: –
Global Snack food Market Outlook to 2027 Driven by changing consumer lifestyles, increasing urbanization, and a rising preference for convenient and on-the-go food options
The global snack food market is expected to reach USD 304306 Mn from 2022 to 2027, with a projected increase in market size driven by changing consumer preferences, urbanization, and a rising demand for convenience foods. A major growth driver in the snack food market will be the increasing consumer focus on health and wellness. There is a growing demand for snacks that are not only tasty but also nutritious.
Europe Wheat protein Market Outlook to 2028 Driven by growing demand for plant-based protein and rising Health and Wellness awareness
Europe wheat protein market is expected to show constant increase and is expected to grow at a CAGR of ~6% from 2022 to 2028 with increasing focus of concerning health issues. Wheat protein market is expected to grow from 2022-2028 due to factors like increase in trust on organic farming, growing demand of wheat protein, and increase in number of gyms and fitness centers in Europe.
US Meat Snack Market Outlook to 2028 Driven by increasing demand of high protein and nutrients meat snacks by fitness enthusiasts and youngsters to remain healthy and active
The meat snack market is finding huge acceptance from the audience who are searching for quick sources of nutrients and protein in their hectic lifestyle. As a result, the us meat market is expected to grow significantly in the future. Currently, USA’s 73% population consume meat food items as a result the market for meat snacks is increasing growing with a CAGR of 2% in the last 5 years. Meat snacks such as beef jerky, beef sausages, beef sticks, and cold-crafted link attract a wide range of customers.
US Functional Flour Market outlook to 2028 Types (Pre-cooked Flour, and Specialty Flour); By Application (Bakery, Savory Snacks, Soups & Sauces, Ready-to-Eat products, and others); By Geography (North, East, West, and South)
According to Ken Research, this market is anticipated to grow at a CAGR of ~7% in between 2022-2028 owing to rise in allergy cases, rapid urbanization and technological advancements along with rise in demands and sales of gluten free products. Functional Flours can be best described as alternative options to traditional flours with high nutritional content.
The post Saudi Arabia Seafood Market Sails with 4.8% CAGR: Rising Demand, Government Support & Shrimp Surge Propel Growth appeared first on HIPTHER Alerts.

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The Rise of AI Drives 9 Fold Surge in Liquid Cooling Technology

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AI servers, driven by Nvidia’s GB200 superchip, have experienced significant growth. The cutting-edge B200 chip, due to its high thermal design power, requires direct-to-chip cooling. Supermicro announced that it had shipped over 2000 direct-liquid-cooled AI server racks by the end of August 2024, and it has expanded its manufacturing capacity to 5000 racks per month. Supermicro reported that it has around 75% of the liquid-cooled AI server rack market, and IDTechEx believes that this production capacity expansion will lead to a surge in liquid-cooled server racks, as well as the number of cold plates. The projections for the number of cold plates for AI servers in IDTechEx’s new report, “Thermal Management for Data Centers 2025-2035: Technologies, Markets, and Opportunities”, align with Supermicro’s latest announcement.
IDTechEx believes that this production capacity expansion is expected to drive a rapid increase in the deployment of liquid-cooled racks across the AI and high-performance computing (HPC) sectors, along with a notable rise in the use of cold plates. Cold plates are integral to direct-liquid-cooling systems, as they are responsible for absorbing and dissipating the significant heat generated by high-performance chips like Nvidia’s B200. IDTechEx’s recent research into thermal management for data centers echoes Supermicro’s projections, highlighting the increasing importance of liquid cooling technologies in managing the heat loads associated with next-generation AI and HPC hardware.
Direct-to-chip (D2C) cooling, also known as cold plate cooling, is a sophisticated cooling method wherein a cold plate is mounted directly onto the chip (GPU or CPU). The plate facilitates the transfer of heat from the chip to a circulating coolant, which then dissipates the heat. D2C cooling can be divided into two main categories: single-phase and two-phase systems, depending on the type of coolant used. Single-phase D2C typically uses a water-glycol mixture, which circulates through the system and transfers heat away from the chip via convection. This type of cooling is efficient for systems with moderate TDPs, as the coolant remains in a liquid state throughout the process. In contrast, two-phase D2C cooling uses a coolant like fluorinated refrigerant, which absorbs heat through a phase change. As the coolant transitions from liquid to gas, it provides significantly greater cooling power, making it well-suited for systems with extremely high TDPs.
The rapid increase in chip TDPs is driving the demand for more advanced cooling solutions. AI and HPC applications, in particular, are pushing the limits of current cooling technologies, as these workloads require chips with significantly higher power consumption to handle complex computations. Nvidia’s GPU roadmap, combined with Intel’s recent announcement of its Falcon Shores GPU – expected to have a TDP of 1,500W – suggests that GPUs and CPUs with TDPs exceeding 1,500W likely become common within the next one to two years. IDTechEx predicts that this ongoing rise in TDP will eventually lead to a shift from single-phase to two-phase D2C cooling systems, as the latter offers superior heat dissipation capabilities required for these high-power chips despite the unclear timeline.
In addition to direct-to-chip cooling, immersion cooling has garnered significant attention as an alternative solution for high-performance systems. Similar to D2C, immersion cooling can be split into two categories: single-phase immersion cooling (1-PIC) and two-phase immersion cooling (2-PIC). However, unlike D2C, immersion cooling involves submerging the entire server into a bath of coolant, which absorbs heat directly from all components. This method is highly effective for cooling densely packed systems with high power requirements, as it eliminates the need for air-based cooling entirely. In single-phase immersion cooling, the coolant remains in a liquid state, similar to single-phase D2C. Two-phase immersion, however, leverages a phase change in the coolant, similar to two-phase D2C, to provide even more efficient heat dissipation.
While immersion cooling offers numerous advantages in terms of thermal efficiency, it comes with several challenges. The process of submerging servers requires extensive retrofitting of existing infrastructure, as well as rigorous material compatibility tests to ensure that the components can withstand prolonged exposure to the coolant. This results in higher upfront costs compared to D2C cooling systems. Additionally, immersion cooling systems, especially two-phase variants, face regulatory challenges. For example, 3M’s Novec products, commonly used as two-phase coolants, are set to be discontinued by the end of 2025. As of now, no PFAS-free or “forever chemical”-free two-phase coolants have been officially announced, adding another layer of complexity for companies considering immersion cooling solutions.
Cooling in data centers occurs at various levels, ranging from chip-level to facility-level cooling. Each level requires different cooling strategies, with technologies like D2C and immersion cooling primarily focusing on chip, server, and rack-level thermal management. At the room and facility levels, air-based cooling remains the most common approach in 2024. Computer room air conditioning (CRAC) units and computer room air handling (CRAH) units are widely used to cool entire server rooms or data center floors. However, the growing heat loads generated by high-performance AI and HPC systems are pushing the limits of air cooling, prompting the adoption of more efficient liquid-based solutions.
One such solution is liquid-to-liquid (L2L) cooling, which is becoming increasingly popular for facility-level heat management. In L2L cooling, a cooling distribution unit (CDU) transfers heat from one liquid loop to another, enhancing heat exchange efficiency. This system is particularly effective for data centers dealing with higher heat loads from AI and HPC workloads. Supermicro’s CEO has predicted that liquid-cooled data centers, which currently represent around 1% of the market, will grow to 30% by 2026. IDTechEx shares this optimistic outlook, noting that while L2L cooling is gaining traction, its widespread adoption will likely be concentrated in newly constructed data centers due to the significant retrofitting required for existing facilities. However, many existing data centers, particularly those using CRAH units, already have facility water systems in place, which can be leveraged for L2L cooling retrofits. These existing water systems are often the starting point for upgrading older data centers to accommodate more advanced liquid cooling technologies.
In conclusion, the rapid rise of AI and HPC applications is driving a fundamental shift in data center cooling strategies. As chips like Nvidia’s B200 and Intel’s Falcon Shores GPU push the limits of thermal design power, direct-to-chip and immersion cooling solutions are becoming critical to managing the heat loads in modern data centers. This unprecedented transition brings significant opportunities to players in the data center cooling value chain, including but not limited to coolant suppliers, server makers, system integrators, cold plate manufacturers, materials suppliers, and cooling equipment (e.g., HVAC) suppliers. More details about the opportunities can be found in IDTechEx’s latest research report, “Thermal Management for Data Centers 2025-2035: Technologies, Markets, and Opportunities”.
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OTM recognised as the ‘Leading Travel Trade Show in India and Asia’, in a customised study by NielsenIQ commissioned by Fairfest Media

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OTM Mumbai has been named the #1 travel trade show in India and Asia in a customised market research study commissioned by Fairfest Media Limited which was conducted by NielsenIQ – the world’s leading consumer intelligence company. The customised research, conducted among participants and visitors who have attended two or more travel trade shows in the region, found a ‘significantly higher quantum of respondents stating OTM (Mumbai) to be the leading show at a National, Regional and Asia level’ — outperforming other major shows in the region, including ITB Asia, ITB India and SATTE Delhi.
The comprehensive survey evaluated 18 international travel trade shows across Asia and 20 regional shows in India. In addition to identifying the leading travel trade show, the survey highlighted key findings related to exhibitors’ and visitors’ overall experience, satisfaction, and willingness to attend again.
Key Survey Findings:

OTM as the Top Trade Show in India: 59% of respondents across India selected OTM as their preferred trade show, a significantly higher percentage than any other event in the country.
Leadership in Asia: In the broader Asia-wide context, OTM secured 42% of the vote, significantly higher than other events in Asia, further reinforcing its position as a market leader.
Exhibitor and Visitor Satisfaction: OTM outperformed its competitors in terms of satisfaction with the quality of exhibits and the profile of visitors.
Venue Quality: OTM garnered ‘significantly higher satisfaction regarding the quality of the venue across all competition on Top Box Satisfaction,’ says the customised study conducted by NielsenIQ & commissioned by Fairfest Media.

The survey extensively covered several granular aspects of satisfaction, including the quality of exhibits, the profile of visitors, the relevance of speakers and conference sessions, and the quality of venue and other services. A copy of the report submitted to Fairfest Media by NielsenIQ is available here. (link)
The fieldwork by NielsenIQ is done in an unbiased manner without intervention from Fairfest Media Limited and quality control procedures were followed strictly. The date of the fieldwork is 2nd Aug to 4th Sept 2024. The areas covered in the customised study (conducted by NielsenIQ & commissioned by Fairfest Media) include India, Vietnam, Bangladesh, Singapore, Sri Lanka, Nepal, United Kingdom, Kenya, Bahrain, Thailand, Maldives, Rwanda, Greece, Malaysia, Seoul, Philippines, Ethiopia, Nigeria and South Africa. The population covered includes exhibitors and visitors of travel trade shows. The sample size was overall (N=312); exhibitors (N=23), visitors (N=289). The total usable database of visitors shared with NielsenIQ was over 14,000 and of exhibitors was over 2,200. The sampling method was online, purposive sampling.
These findings confirm that OTM consistently delivers high-quality buyers and offers the highest return on investment (ROI) for participants. The survey results reinforce OTM’s status as the leading B2B show in Asia for travel industry professionals.The next edition of OTM, from 30 January to 1 February 2025, at the Jio World Convention Centre in Mumbai, is expected to be the largest ever, further strengthening its substantial lead in both the country and the region, according to the organisers. It will bring together over 40,000 travel industry professionals from over 60 countries, with pre-qualified buyers from India, Asia and beyond.
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2024 WIC Wuzhen Summit set for November

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The 2024 World Internet Conference (WIC) Wuzhen Summit, themed “Embracing a People-Centered and AI-for-Good Digital Future – Building a Community with a Shared Future in Cyberspace,” will take place from Nov 19 to 22 in Wuzhen, East China’s Zhejiang province, as announced by the WIC on Sept 30. A representative from the WIC secretariat stated on Sept 30 that the upcoming 2024 WIC Wuzhen Summit will focus on artificial intelligence, bringing new ideas and highlights to capture global attention.
This year, the WIC will introduce the WIC Distinguished Contribution Award, establish the WIC Specialized Committee on Artificial Intelligence (SC on AI), initiate the WIC Think Thank Cooperation Program, launch the WIC Digital Academy and feature the WIC Global Elite Training at the 2024 summit.
The summit will include 24 sub-forums, with discussions focusing on digital cooperation under the Global Development Initiative, digital and green development, digital economy, open-source, data governance, rule of law in cyberspace, cultural exchange, digital education, youth and digital future, AI innovation and governance, cybersecurity, and international collaboration.
The signature events of the summit are progressing smoothly. Preparations are well underway for the release of “Outstanding Cases of Jointly Building a Community with a Shared Future in Cyberspace” and the award ceremony of the World Internet Conference Awards for Pioneering Science and Technology. Meanwhile, the “Light of Internet” Expo continues to accept exhibitors, and the “Straight to Wuzhen” Competition is gearing up for its finals. Additionally, the second cohort of young leaders selected for the 2024 Global Youth Leadership Program will be invited to the 2024 WIC Wuzhen Summit, where they will contribute their voices on internet development and governance from a youth perspective.
The WIC, headquartered in Beijing, China, is committed to build a global Internet platform for extensive consultation, joint contribution and shared benefits, promote the international community to follow the trend of digitization, networking and intelligence in the information age, work together to address security challenges for common development, and build a community with a shared future in cyberspace.
Since 2014, the WIC Wuzhen Summit has been successfully held for 10 consecutive years, attracting thousands of representatives from government agencies, international organizations, leading internet companies, industry associations, and academic institutions from around the world to exchange ideas and build consensus annually.

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