The latest market report published by Credence Research, Inc. is “Saudi Arabia Meat Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Saudi Arabia Meat Market generated around USD XX billion in 2021 and is anticipated to grow a CAGR of over 5.5% from 2022 to 2028 to reach around USD XX billion in the forecast period 2028.
In general, meat refers to animal flesh intended for human consumption. Meat is a significant nutrient source that provides proteins, iron, zinc, phosphorus, selenium, vitamin A, and B-complex vitamins. In Saudi Arabia, there are many different types of meat available, including red meat (goat, beef, and lamb), poultry meat (turkey and chicken), and seafood meat (crab, fish, and lobster). Lamb and chicken are the most popular types of meat in Saudi Arabia. The Saudi Arabian meat industry is highly fragmented due to the region’s Muslim population’s rising meat consumption. The Saudi government launched programs to aid farmers by paying poultry and livestock farmers directly. The market is rapidly expanding due to increased demand for high-protein foods due to their health benefits, shifting consumption patterns, and the country’s thriving tourism industry.
Browse Saudi Arabia Meat Market report-https://www.credenceresearch.com/report/saudi-arabia-meat-market
In addition, rising halal meat certification and imports are expected to boost the Saudi Arabia meat market throughout the forecast period. The rising demand for seafood in Saudi Arabia is expected to provide lucrative growth opportunities for the meat industry. Seafood has always been a significant portion of the Saudi diet due to its proximity to the Arabian Gulf and the Red Sea. Meat production in Saudi Arabia occasionally falls short of domestic demand due to the nation’s high meat consumption. As a result, there is an increase in meat imports, which presents growth opportunities for international players. Saudi Arabia’s meat market is growing rapidly, with major meat importers including France, India, the United States, and Argentina. The Saudi government is extremely strict about the meat imported and distributed within the country. Islamic law requires stringent halal certifications, and obtaining the certification is difficult, restricting market expansion.
The Saudi Arabia meat market is bifurcated into Type, Form, Distribution Channel, and Geography. Based on the type, the market is categorized into beef, mutton, and other meat. Based on the form, the market is segmented into fresh/chilled, frozen/canned, and processed. Based on the distribution channel, the market is divided into off-trade, convenience stores, online channels, supermarkets & hypermarkets, and on-trade.
Why to Buy This Report-
- The report examines the Saudi Arabia meat market by segment, current trends, drivers, restraints, opportunities, challenges, and market dynamics from 2016 to 2020, with 2021 as the base year and 2022-2028 as the projected period.
- The report provides competitive landscape information, such as how the market’s key players operate at the country levels.
- In-depth analysis of the Saudi Arabia meat market segmentation by type, form, and distribution channel.
- The report contains comprehensive and authentic data for all factors, including CAGR, consumer purchasing trends, supply and demand, and import/export statistics.
- The Saudi Arabia meat market report includes country-level market analysis, key market trends, major players analysis, market growth strategies, and key application areas.
The Saudi Arabia Meat Market is Segmented into:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2016-2028 |
| Base Year | 2021 |
| Forecast Period | 2022 – 2028 |
| Historical Year | 2016 – 2021 |
| Unit | USD Billion |
| By Type (2016–2028; US$ Bn) | |
| By Form (2016–2028; US$ Bn) | |
| By Distribution Channel (2016–2028; US$ Bn) |
