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Saudi Arabia Meat Market By Based on Type (Mutton, Beef, Others (Camel) By Based on Product (Fresh, Frozen, Processed) By Based on End User (Retail (B2C), Horeca (Foodservice), Wholesale) By Based on Distribution Channel (Online, Supermarkets/Hypermarkets, Convenience Stores, Butcher Shops) By Type (Beef, Mutton, Other Meat) By Form (Fresh/Chilled, Frozen/Canned, Processed) By Distribution Channel (Off-Trade, Convenience Stores, Online Channel, Supermarkets & Hypermarkets, On-Trade, Others) – Growth, Future Prospects & Competitive Analysis, 2024 – 2032

Price: $1999

Published: | Report ID: 10325 | Report Format : PDF
REPORT ATTRIBUTE DETAILS
Historical Period 2019-2022
Base Year 2023
Forecast Period 2024-2032
Saudi Arabia Meat Market Size 2023 USD 6,699.68 million
Saudi Arabia Meat Market, CAGR 4.77%
Saudi Arabia Meat Market Size 2032 USD 10,293.67 million

Market Overview

The Saudi Arabia Meat Market is projected to grow from USD 6,699.68 million in 2023 to an estimated USD 10,293.67 million by 2032, with a compound annual growth rate (CAGR) of 4.77% from 2024 to 2032. This substantial growth is driven by increasing demand for high-quality meat products and a growing population with rising disposable incomes.

Key market drivers include shifting consumer preferences towards protein-rich diets and the influence of Western eating habits. Health consciousness among the population is leading to higher consumption of lean meats like poultry and seafood. Additionally, advancements in meat processing technologies and the availability of a wider range of meat products in retail outlets boost market growth. The trend of dining out and the expansion of the food service sector also play significant roles in augmenting meat consumption in the country.

Geographically, the market is concentrated in major urban areas such as Riyadh, Jeddah, and Dammam, where the demand for meat products is highest due to the dense population and higher income levels. Key players in the Saudi Arabia Meat Market include Almarai Company, Tanmiah Food Group, and Al-Watania Poultry, among others. These companies are actively involved in expanding their product portfolios and investing in modern meat processing facilities to meet the increasing demand. The market also sees contributions from international players, who bring in advanced technologies and practices, further enhancing the market’s growth prospects.

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Market Drivers

Rising Disposable Incomes and Changing Lifestyles

The economic landscape of Saudi Arabia has seen considerable improvement, marked by a steady rise in disposable incomes. This increase in purchasing power has enabled consumers to allocate more of their budget towards higher-quality food products, including meat. The shift towards more affluent lifestyles is evident in the dietary preferences of the population, which increasingly favors diverse and premium meat products. This trend is further accentuated by the growing middle class, which seeks convenience and variety in their dietary habits. Urbanization plays a crucial role here, as urban dwellers tend to have more disposable income and access to a wide range of meat products through modern retail formats. For instance, the urban population in Saudi Arabia was around 85% in 2023. The demand for ready-to-cook and processed meat products has surged, driven by busy lifestyles and the convenience offered by such products.

Government Initiatives and Investments in Food Security

The Saudi government has been proactive in addressing food security concerns by encouraging local meat production and reducing dependency on imports. This strategic move is part of the broader Vision 2030 initiative, which aims to diversify the economy and promote sustainable agricultural practices. Significant investments have been made in modernizing livestock farming techniques, enhancing supply chain logistics, and improving meat processing facilities. For instance, the sector is expected to receive US$ 24.26 billion in investment. These efforts are aimed at increasing the domestic production capacity, ensuring a steady supply of meat products to meet the rising demand. Moreover, subsidies and support programs for local farmers have been implemented to boost livestock farming, further driving the growth of the meat market. These initiatives not only ensure food security but also stimulate economic growth by creating employment opportunities and fostering technological advancements in the agriculture sector.

Health and Nutrition Awareness

A growing awareness of health and nutrition among the Saudi population has led to a noticeable shift towards high-protein diets. For instance, Saudi Arabia is ‘on course’ to meet one target for maternal, infant and young child nutrition (MIYCN). Consumers are increasingly informed about the nutritional benefits of various meat products, which has resulted in higher consumption of lean meats such as poultry and fish. The rising prevalence of lifestyle-related diseases, such as obesity and diabetes, has prompted many to adopt healthier eating habits, further boosting the demand for lean meat options. Additionally, the influence of global dietary trends, particularly the emphasis on protein-rich diets, has been significant. The trend towards health and wellness is also reflected in the increasing demand for organic and free-range meat products, which are perceived as healthier and more ethical options. This shift in consumer preferences is driving producers to offer a wider range of healthier meat options, thus expanding the market.

Expansion of the Food Service Sector

The food service sector in Saudi Arabia has experienced robust growth, fueled by an expanding population, increasing tourism, and changing social dynamics. The proliferation of restaurants, fast food chains, and cafes has significantly contributed to the demand for meat products. The trend of dining out has become more prevalent, particularly among the younger demographic, leading to higher consumption of meat-based dishes. International and local food service operators are continually expanding their menus to include a variety of meat products, catering to diverse culinary tastes. Additionally, the rise of online food delivery services has made meat products more accessible, contributing to increased consumption. This sector’s growth is not only driven by the local population but also by the influx of expatriates and tourists who bring diverse culinary preferences, thereby expanding the market for meat products.

Market Trends

Increasing Demand for Halal-Certified and Ethically Sourced Meat Products

One of the prominent trends in the Saudi Arabia meat market is the rising demand for halal-certified and ethically sourced meat products. Consumers are becoming increasingly conscientious about the sources of their meat and the ethical practices involved in its production. Halal certification, which ensures that the meat is processed in accordance with Islamic dietary laws, is not only a religious requirement but also a marker of quality and hygiene for many consumers. For instance, Saudi Arabia stands at the forefront of the global halal product industry, capitalizing on its unique status as the birthplace of Islam, thus earning the trust of around 2 billion Muslims worldwide. This trend is driving producers to adhere strictly to halal standards and to enhance transparency in their supply chains. Additionally, there is a growing preference for meat products that are ethically sourced, such as free-range and organic meats. These products are perceived as healthier and more humane, aligning with the global shift towards sustainable and ethical consumption. Producers and retailers are responding by expanding their range of certified halal and ethically sourced meat products, which is positively influencing market growth and consumer trust.

Technological Advancements in Meat Processing and Packaging

Technological advancements in meat processing and packaging are significantly shaping the Saudi Arabia meat market. Innovations in these areas are enhancing product quality, extending shelf life, and ensuring better preservation of nutritional value. Advanced processing technologies, such as vacuum packaging and modified atmosphere packaging (MAP), are being increasingly adopted to maintain the freshness and safety of meat products. These technologies help in reducing spoilage and waste, which is crucial given the hot climate of the region. For instance, the adoption of smart kitchen appliances has elevated the art of cooking, transforming traditional kitchens into hubs of efficiency and precision. Moreover, automation and robotics in meat processing facilities are improving efficiency and hygiene standards, leading to higher production capacities and consistent product quality. The adoption of traceability systems is another significant trend, allowing consumers to track the origin and processing of their meat products, thereby boosting confidence in product safety. These technological advancements are not only meeting consumer demand for high-quality and safe meat products but also driving operational efficiencies for producers, thereby fostering market growth.

Market Restraints and Challenges

Dependence on Meat Imports and Supply Chain Disruptions

One of the primary challenges facing the Saudi Arabia meat market is its significant dependence on meat imports. Despite government efforts to boost local production, a substantial portion of the meat consumed in the country is imported from various parts of the world. This reliance on imports makes the market vulnerable to international supply chain disruptions, which can arise from geopolitical tensions, trade restrictions, or global economic downturns. Such disruptions can lead to supply shortages, increased prices, and reduced availability of meat products. Additionally, fluctuations in foreign exchange rates can affect the cost of imports, thereby impacting market stability. The heavy dependence on imports also poses a risk to food security, making it imperative for the country to continue investing in and developing its domestic meat production capabilities.

Rising Production Costs and Environmental Concerns

Rising production costs present another significant restraint for the Saudi Arabia meat market. The costs associated with livestock farming, including feed, veterinary care, and labor, have been escalating, which in turn increases the overall cost of meat production. These higher costs can lead to increased prices for consumers, potentially dampening demand. Furthermore, the meat industry faces growing scrutiny over its environmental impact. Livestock farming is associated with high water usage, greenhouse gas emissions, and land degradation. As environmental awareness among consumers and regulatory pressures increase, the industry must adopt more sustainable practices, which can further drive up costs. The need to balance production efficiency with environmental sustainability poses a complex challenge for meat producers. Addressing these issues requires significant investment in sustainable farming practices, technological innovation, and regulatory compliance, all of which add to the operational challenges in the market.

Market Segmentation Analysis

By Type

Mutton holds a substantial market share in Saudi Arabia due to its deep-rooted cultural significance and widespread use in local cuisine, especially during religious festivities and social gatherings. Its popularity spans across urban and rural areas, reflecting its integral role in traditional Saudi dishes. Beef consumption is increasing, influenced by Western dietary trends and the rising preference for protein-rich foods. Its versatility in culinary applications enhances its appeal among consumers. Camel meat, while niche, holds cultural importance and is cherished in rural communities and special events for its distinctive flavor and nutritional value, adding diversity to the Saudi meat market.

By Product

Fresh meat is favored by discerning consumers who prioritize superior quality and taste, driving strong demand across retail and foodservice sectors. Conversely, frozen meat is gaining popularity, thanks to its extended shelf life and convenience, particularly appealing in urban locales equipped with modern refrigeration facilities. Processed meat products like sausages, burgers, and deli meats are also on the rise, valued for their convenience and diverse options, catering to busy lifestyles and the expanding foodservice industry’s needs.

Segments

Based on Type

  • Mutton
  • Beef
  • Others (Camel)

Based on Product

  • Fresh
  • Frozen
  • Processed

Based on End User

  • Retail (B2C)
  • Horeca (Foodservice)
  • Wholesale

Based on Distribution Channel

  • Online
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Butcher Shops
  • Others

Based on Region

  • Central Region
  • Western Region
  • Eastern Region
  • Southern Region
  • Northern Region
  • Remote and Rural Areas

Regional Analysis

Western Saudi Arabia (30%):

Western Saudi Arabia, which includes major cities like Jeddah, Mecca, and Medina, accounts for around 30% of the market share. This region is notable for its large influx of pilgrims and tourists, particularly in Mecca and Medina, which significantly boosts meat consumption. Jeddah, as a major commercial hub, also contributes to the high demand for meat products. The foodservice sector in this region is particularly vibrant, with a wide range of restaurants, hotels, and catering services that drive substantial meat consumption. The region’s multicultural population further diversifies meat preferences, leading to a strong demand for various types of meat, including beef, poultry, and lamb.

Eastern Saudi Arabia (20%):

Eastern Saudi Arabia, including cities like Dammam, Al Khobar, and Dhahran, holds a market share of about 20%. This region’s significance lies in its oil-rich economy and the high standard of living of its residents. The demand for meat products is driven by the affluent population and the presence of a large expatriate community. The region’s proximity to the Gulf countries also influences dietary habits and meat consumption patterns. The availability of diverse meat products in modern retail outlets and the expanding foodservice sector contribute to the region’s growing market share. Additionally, the presence of industrial zones and corporate headquarters in this region fuels the demand for meat products in corporate catering and foodservice operations.

Southern Saudi Arabia (15%):

Southern Saudi Arabia, including areas such as Abha and Jizan, accounts for approximately 15% of the market share. This region is less urbanized compared to the central and western regions but has a strong cultural preference for traditional meat dishes, particularly lamb and goat. The demand for meat in this region is driven by local consumption patterns and traditional dietary habits. Although the market share is relatively smaller, there is a steady demand for fresh and locally sourced meat products. The region’s unique culinary traditions and the presence of local butcher shops cater to the specific preferences of the population.

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Key players

  • Almunajem Foods
  • Almarai Food Company
  • Halwani Bros Company
  • Sunbulah Group
  • Tanmiah Food Company
  • BRF S.A.
  • Nasher Fresh Beef Company
  • The Savola Group
  • Forsan Foods and Consumer Products Ltd.
  • Al Kabeer Group ME
  • Americana Foods Inc.

Competitive Analysis

The Saudi Arabia meat market is highly competitive, with key players leveraging their strengths to capture market share. Almarai Food Company and Almunajem Foods are leaders due to their extensive distribution networks and strong brand recognition. Halwani Bros Company and Sunbulah Group excel in offering a wide range of processed meat products, catering to the growing demand for convenience foods. Tanmiah Food Company and BRF S.A. are notable for their emphasis on quality and innovation, ensuring high standards in meat processing. Nasher Fresh Beef Company and The Savola Group benefit from their robust supply chains and focus on fresh meat offerings. Forsan Foods and Al Kabeer Group ME are recognized for their diverse product portfolios and extensive market presence. Americana Foods Inc. stands out with its strong foothold in the foodservice sector, catering to both local and international culinary preferences. These companies continue to invest in technology and sustainability to maintain their competitive edge.

Recent Developments

Saudi-based Tanmiah Food Company and US-based Tyson Foods Inc. renewed their partnership, initially established in 2022. This renewal aims to capitalize on the significant growth opportunities within Saudi Arabia and the broader Middle East region. By leveraging their combined expertise and resources, both companies are poised to expand their market presence and meet the increasing demand for high-quality meat products in the region. This strategic collaboration underscores their commitment to innovation and excellence in the meat industry, positioning them for continued success in this dynamic market.

The Organic Meat Company Ltd secured a USD 1 million contract to supply frozen boneless meat. This significant agreement reflects the company’s growing reputation and ability to meet international standards for quality and safety. By expanding its export operations, The Organic Meat Company is poised to strengthen its market position and increase its global footprint. This contract not only highlights the demand for premium meat products but also underscores the company’s commitment to delivering high-quality, sustainably sourced meat to customers worldwide.

BRF SA achieved the prestigious ISO 37001 Anti-bribery Management System certification. This certification, issued by an independent Swiss entity, is internationally recognized and confirms that BRF SA meets rigorous technical requirements and has robust policies, procedures, and controls to prevent and combat bribery. By attaining this certification, BRF SA demonstrates its commitment to maintaining an ethical and transparent business environment. This milestone underscores the company’s dedication to integrity and excellence, fostering a culture of trust and accountability within the organization and with its stakeholders.

Market Concentration and Characteristics

The Saudi Arabia meat market is characterized by a moderate to high market concentration, with a few key players dominating the landscape, including Almarai Food Company, Tanmiah Food Company, and Halwani Bros Company. These companies leverage extensive distribution networks, advanced processing technologies, and strong brand recognition to maintain their market positions. The market is defined by a growing demand for high-quality, halal-certified meat products, driven by rising disposable incomes and shifting consumer preferences towards protein-rich diets. Additionally, significant investments in local production and government initiatives aimed at achieving food security further shape the market dynamics, promoting both domestic and international competition.

Report Coverage

The research report offers an in-depth analysis based on Type, Product, End User, Distribution Channel and Region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

  1. The Saudi Arabia meat market is projected to experience sustained growth, driven by rising disposable incomes and increasing demand for high-quality meat products.
  1. Government initiatives aimed at boosting local meat production are expected to reduce dependency on imports and enhance food security, fostering market stability.
  1. Adoption of advanced meat processing and packaging technologies will improve product quality, extend shelf life, and increase operational efficiency, supporting market expansion.
  1. Growing consumer awareness of health and nutrition will drive demand for lean meats, organic options, and ethically sourced products, influencing market trends.
  1. The expanding foodservice sector, including restaurants and catering services, will continue to boost meat consumption, driven by urbanization and changing social dynamics.
  1. The rise of online meat retailing will offer consumers greater convenience and access to a wider variety of products, contributing to market growth.
  1. Producers will increasingly diversify their product offerings, including processed and value-added meat products, to cater to evolving consumer preferences.
  1. Environmental concerns will lead to greater emphasis on sustainable meat production practices, prompting investments in eco-friendly technologies and practices.
  1. Stricter food safety and quality regulations will enhance consumer trust and ensure higher standards in meat production and processing, positively impacting market dynamics.
  1. Enhanced supply chain infrastructure, including cold storage and transportation facilities, will improve meat distribution efficiency and reduce spoilage, supporting market growth.

CHAPTER NO. 1 : INTRODUCTION 16

1.1.1. Report Description 16

Purpose of the Report 16

USP & Key Offerings 16

1.1.2. Key Benefits for Stakeholders 16

1.1.3. Target Audience 17

1.1.4. Report Scope 17

CHAPTER NO. 2 : EXECUTIVE SUMMARY 18

2.1. Meat Market Snapshot 18

2.1.1. Saudi Arabia Meat Market, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 20

2.2. Insights from Primary Respondents 20

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 21

3.1. Russia-Ukraine and Israel-Palestine War Impacts 21

CHAPTER NO. 4 : MEAT MARKET – INDUSTRY ANALYSIS 22

4.1. Introduction 22

4.2. Market Drivers 23

4.2.1. Driving Factor 1 Analysis 23

4.2.2. Driving Factor 2 Analysis 24

4.3. Market Restraints 25

4.3.1. Restraining Factor Analysis 25

4.4. Market Opportunities 26

4.4.1. Market Opportunity Analysis 26

4.5. Porter’s Five Forces Analysis 27

4.6. Value Chain Analysis 28

4.7. Buying Criteria 29

CHAPTER NO. 5 : IMPORT ANALYSIS 30

5.1. Import Analysis by Saudi Arabia 30

5.1.1. Saudi Arabia Meat Market Import Volume, By Type, 2018 – 2023 30

5.1.1.1. Mutton 30

5.1.1.2. Beef 30

5.1.1.3. Others (Camel) 30

5.1.2. Saudi Arabia Mutton Market Import Volume, By Country, 2018 – 2023 30

5.1.2.1. Australia 30

5.1.2.2. New Zealand 30

5.1.2.3. Sudan 30

5.1.2.4. Spain 30

5.1.2.5. Ethiopia 30

5.1.2.6. Others) 30

5.1.3. Saudi Arabia Beef Market Import Volume, By Country, 2018 – 2023 30

5.1.3.1. Brazil 30

5.1.3.2. India 30

5.1.3.3. U.S. 30

5.1.3.4. Australia 30

5.1.3.5. New Zealand 30

5.1.3.6. Others 30

5.1.4. Saudi Arabia Camel Meat Market Import Volume, By Country, 2018 – 2023 30

5.1.4.1. Australia 30

5.1.4.2. Pakistan 30

5.1.4.3. UAE 30

5.1.4.4. Others 30

CHAPTER NO. 6 : EXPORT ANALYSIS 31

6.1. Export Analysis by Saudi Arabia 31

6.1.1. Saudi Arabia Meat Market Export Volume, By Type, 2018 – 2023 31

6.1.1.1. Mutton 31

6.1.1.2. Beef 31

6.1.1.3. Others (Camel) 31

6.1.2. Saudi Arabia Mutton Market Export Volume, By Country, 2018 – 2023 31

6.1.3. Saudi Arabia Beef Market Export Volume, By Country, 2018 – 2023 31

6.1.4. Saudi Arabia Camel Meat Market Export Volume, By Country, 2018 – 2023 31

CHAPTER NO. 7 : PRODUCTION ANALYSIS 32

7.1. Production Analysis by Saudi Arabia 32

7.1.1. Saudi Arabia Meat Market Production, By Type, 2018 – 2023 32

CHAPTER NO. 8 : DEMAND SUPPLY ANALYSIS 33

8.1. Demand Analysis by Saudi Arabia 33

8.1.1. Saudi Arabia Meat Market Demand Volume, By Type, 2018 – 2023 33

8.2. Supply Analysis by Saudi Arabia 34

8.2.1. Saudi Arabia Meat Market Supply Volume, By Type, 2018 – 2023 34

CHAPTER NO. 9 : PRICE ANALYSIS 35

9.1. Price Analysis by Type 35

9.1.1. Saudi Arabia Meat Market Price, By Type, 2018 – 2023 35

9.1.2. Saudi Arabia Type Market Price, By Type, 2018 – 2023 35

CHAPTER NO. 10 : RAW MATERIALS ANALYSIS 36

10.1. Key Raw Materials and Suppliers 36

10.2. Key Raw Materials Price Trend 36

CHAPTER NO. 11 : MANUFACTURING COST ANALYSIS 37

11.1. Manufacturing Cost Analysis 37

11.2. Manufacturing Process 37

CHAPTER NO. 12 : ANALYSIS COMPETITIVE LANDSCAPE 38

12.1. Company Market Share Analysis – 2023 38

12.1.1. Saudi Arabia Meat Market: Company Market Share, by Revenue, 2023 38

12.1.2. Saudi Arabia Meat Market: Company Market Share, by Revenue, 2023 39

12.1.3. Saudi Arabia Meat Market: Top 6 Company Market Share, by Revenue, 2023 39

12.1.4. Saudi Arabia Meat Market: Top 3 Company Market Share, by Revenue, 2023 40

12.2. Saudi Arabia Meat Market Company Volume Market Share, 2023 41

12.3. Saudi Arabia Meat Market Company Revenue Market Share, 2023 42

12.4. Company Assessment Metrics, 2023 43

12.4.1. Stars 43

12.4.2. Emerging Leaders 43

12.4.3. Pervasive Players 43

12.4.4. Participants 43

12.5. Start-ups /SMEs Assessment Metrics, 2023 43

12.5.1. Progressive Companies 43

12.5.2. Responsive Companies 43

12.5.3. Dynamic Companies 43

12.5.4. Starting Blocks 43

12.6. Strategic Developments 44

12.6.1. Acquisitions & Mergers 44

New Product Launch 44

Saudi Arabia Expansion 44

12.7. Key Players Product Matrix 45

CHAPTER NO. 13 : PESTEL & ADJACENT MARKET ANALYSIS 46

13.1. PESTEL 46

13.1.1. Political Factors 46

13.1.2. Economic Factors 46

13.1.3. Social Factors 46

13.1.4. Technological Factors 46

13.1.5. Environmental Factors 46

13.1.6. Legal Factors 46

13.2. Adjacent Market Analysis 46

CHAPTER NO. 14 : MEAT MARKET – BY TYPE SEGMENT ANALYSIS 47

14.1. Meat Market Overview, by Type Segment 47

14.1.1. Meat Market Revenue Share, By Type, 2023 & 2032 48

14.1.2. Meat Market Attractiveness Analysis, By Type 49

14.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 49

14.1.4. Meat Market Revenue, By Type, 2018, 2023, 2027 & 2032 50

14.2. Mutton 51

14.3. Beef 52

14.4. Others (Camel) 53

CHAPTER NO. 15 : MEAT MARKET – BY PRODUCT SEGMENT ANALYSIS 54

15.1. Meat Market Overview, by Product Segment 54

15.1.1. Meat Market Revenue Share, By Product, 2023 & 2032 55

15.1.2. Meat Market Attractiveness Analysis, By Product 56

15.1.3. Incremental Revenue Growth Opportunity, by Product, 2024 – 2032 56

15.1.4. Meat Market Revenue, By Product, 2018, 2023, 2027 & 2032 57

15.2. Fresh 58

15.3. Frozen 59

15.4. Processed 60

CHAPTER NO. 16 : MEAT MARKET – BY END-USER SEGMENT ANALYSIS 61

16.1. Meat Market Overview, by End-user Segment 61

16.1.1. Meat Market Revenue Share, By End-user, 2023 & 2032 62

16.1.2. Meat Market Attractiveness Analysis, By End-user 63

16.1.3. Incremental Revenue Growth Opportunity, by End-user, 2024 – 2032 63

16.1.4. Meat Market Revenue, By End-user, 2018, 2023, 2027 & 2032 64

16.2. Retail (b2c) 65

16.3. Horeca (foodservice) 66

16.4. Wholesale 67

CHAPTER NO. 17 : MEAT MARKET – BY DISTRIBUTION CHANNEL SEGMENT ANALYSIS 68

17.1. Meat Market Overview, by Distribution Channel Segment 68

17.1.1. Meat Market Revenue Share, By Distribution Channel, 2023 & 2032 69

17.1.2. Meat Market Attractiveness Analysis, By Distribution Channel 70

17.1.3. Incremental Revenue Growth Opportunity, by Distribution Channel, 2024 – 2032 70

17.1.4. Meat Market Revenue, By Distribution Channel, 2018, 2023, 2027 & 2032 71

17.2. Online 72

17.3. Supermarket/Hypermarket 73

17.4. Convenience Stores 74

17.5. Butcher Shops 75

17.6. Others 76

CHAPTER NO. 18 : COMPANY PROFILES 77

18.1. Almunajem Foods 77

18.1.1. Company Overview 77

18.1.2. Product Portfolio 77

18.1.3. Swot Analysis 77

18.1.4. Business Strategy 77

18.1.5. Financial Overview 78

18.2. Almarai Food Company 79

18.3. Halwani Bros Company 79

18.4. Sunbulah Group 79

18.5. Tanmiah Food Company 79

18.6. BRF S.A. 79

18.7. Nasher Fresh Beef Company 79

18.8. The Savola Group 79

18.9. Halwani Bros Company 79

18.10. Forsan Foods and Consumer Products Ltd. 79

18.11. Al Kabeer Group ME 79

18.12. Americana Foods Inc. 79

CHAPTER NO. 19 : RESEARCH METHODOLOGY 80

19.1. Research Methodology 80

19.1.1. Phase I – Secondary Research 81

19.1.2. Phase II – Data Modeling 81

Company Share Analysis Model 82

Revenue Based Modeling 82

19.1.3. Phase III – Primary Research 83

19.1.4. Research Limitations 84

Assumptions 84

 

List of Figures

FIG NO. 1. Saudi Arabia Meat Market, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 20

FIG NO. 2. Porter’s Five Forces Analysis for Saudi Arabia Meat Market 27

FIG NO. 3. Value Chain Analysis for Saudi Arabia Meat Market 28

FIG NO. 4. Saudi Arabia Meat Market Demand Revenue, By Type, 2018 – 2023 32

FIG NO. 5. Saudi Arabia Meat Market Demand Volume, By Type, 2018 – 2023 33

FIG NO. 6. Saudi Arabia Meat Market Supply Volume, By Type, 2018 – 2023 34

FIG NO. 7. Saudi Arabia Meat Market Price, By Type, 2018 – 2023 35

FIG NO. 8. Raw Materials Price Trend Analysis, 2018 – 2023 36

FIG NO. 9. Manufacturing Cost Analysis 37

FIG NO. 10. Manufacturing Process 37

FIG NO. 11. Company Share Analysis, 2023 38

FIG NO. 12. Company Share Analysis, 2023 39

FIG NO. 13. Company Share Analysis, 2023 39

FIG NO. 14. Company Share Analysis, 2023 40

FIG NO. 15. Meat Market – Company Volume Market Share, 2023 41

FIG NO. 16. Meat Market – Company Revenue Market Share, 2023 42

FIG NO. 17. Meat Market Revenue Share, By Type, 2023 & 2032 48

FIG NO. 18. Market Attractiveness Analysis, By Type 49

FIG NO. 19. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 49

FIG NO. 20. Meat Market Revenue, By Type, 2018, 2023, 2027 & 2032 50

FIG NO. 21. Saudi Arabia Meat Market for Mutton, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 51

FIG NO. 22. Saudi Arabia Meat Market for Beef, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 52

FIG NO. 23. Saudi Arabia Meat Market for Others (Camel), Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 53

FIG NO. 24. Meat Market Revenue Share, By Product, 2023 & 2032 55

FIG NO. 25. Market Attractiveness Analysis, By Product 56

FIG NO. 26. Incremental Revenue Growth Opportunity by Product, 2024 – 2032 56

FIG NO. 27. Meat Market Revenue, By Product, 2018, 2023, 2027 & 2032 57

FIG NO. 28. Saudi Arabia Meat Market for Fresh, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 58

FIG NO. 29. Saudi Arabia Meat Market for Frozen, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 59

FIG NO. 30. Saudi Arabia Meat Market for Processed, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 60

FIG NO. 31. Meat Market Revenue Share, By End-user, 2023 & 2032 62

FIG NO. 32. Market Attractiveness Analysis, By End-user 63

FIG NO. 33. Incremental Revenue Growth Opportunity by End-user, 2024 – 2032 63

FIG NO. 34. Meat Market Revenue, By End-user, 2018, 2023, 2027 & 2032 64

FIG NO. 35. Saudi Arabia Meat Market for Retail (b2c), Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 65

FIG NO. 36. Saudi Arabia Meat Market for Horeca (foodservice), Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 66

FIG NO. 37. Saudi Arabia Meat Market for Wholesale, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 67

FIG NO. 38. Meat Market Revenue Share, By Distribution Channel, 2023 & 2032 69

FIG NO. 39. Market Attractiveness Analysis, By Distribution Channel 70

FIG NO. 40. Incremental Revenue Growth Opportunity by Distribution Channel, 2024 – 2032 70

FIG NO. 41. Meat Market Revenue, By Distribution Channel, 2018, 2023, 2027 & 2032 71

FIG NO. 42. Saudi Arabia Meat Market for Online, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 72

FIG NO. 43. Saudi Arabia Meat Market for Supermarket/Hypermarket, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 73

FIG NO. 44. Saudi Arabia Meat Market for Convenience Stores, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 74

FIG NO. 45. Saudi Arabia Meat Market for Butcher Shops, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 75

FIG NO. 46. Saudi Arabia Meat Market for Others, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 76

FIG NO. 47. Research Methodology – Detailed View 80

FIG NO. 48. Research Methodology 81

 

List of Tables

TABLE NO. 1. : Saudi Arabia Meat Market: Snapshot 18

TABLE NO. 2. : Drivers for the Meat Market: Impact Analysis 23

TABLE NO. 3. : Restraints for the Meat Market: Impact Analysis 25

TABLE NO. 4. : Saudi Arabia Meat Market Revenue, By Type, 2018 – 2023 35

TABLE NO. 5. : Key Raw Materials & Suppliers 36

Frequently Asked Questions

What is the projected growth of the Saudi Arabia Meat Market?

The Saudi Arabia Meat Market is projected to grow from USD 6,699.68 million in 2023 to approximately USD 10,293.67 million by 2032, with a compound annual growth rate (CAGR) of 4.77% from 2024 to 2032.

What are the key drivers fueling growth in the Saudi Arabia Meat Market?

Key drivers include rising disposable incomes, shifting consumer preferences towards protein-rich diets, increasing influence of Western eating habits, advancements in meat processing technologies, and expanding food service sector.

Which regions in Saudi Arabia dominate the meat market?

Major urban areas such as Riyadh, Jeddah, and Dammam are the primary regions driving the Saudi Arabia Meat Market, accounting for the highest demand due to dense populations and higher income levels.

Who are the key players in the Saudi Arabia Meat Market?

Key players include Almarai Food Company, Tanmiah Food Group, Almunajem Foods, Halwani Bros Company, Sunbulah Group, BRF S.A., Nasher Fresh Beef Company, The Savola Group, Forsan Foods and Consumer Products Ltd., Al Kabeer Group ME, and Americana Foods Inc.

What are the emerging trends in the Saudi Arabia Meat Market?

Emerging trends include increasing demand for halal-certified and ethically sourced meat products, technological advancements in meat processing and packaging, and the expansion of the food service sector contributing to higher meat consumption.

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