Qatar Poultry Market - 2023-2030

Qatar Poultry Market - 2023-2030

The Qatar Poultry Market US$ YY million in 2022 and is projected to witness lucrative growth by reaching up to US$ YY million by 2030. The market is growing at a CAGR of 7.6% during the forecast period 2023-2030.

Qatar's poultry market was largely dominated by imported products, with the majority of chicken meat and eggs coming from countries such as Brazil, the United States and France. This was due to the limited domestic production capacity and the high demand for poultry products in the country. However, the Qatari government has been taking steps to increase domestic production in recent years, with plans to establish large-scale poultry farms and improve local breeding and processing capabilities. These efforts are aimed at reducing the country's dependence on imports and ensuring a steady supply of fresh and high-quality poultry products for consumers. The fastest-growing export markets for Poultry Meat in Qatar between 2020 and 2021 were Portugal ($68.4k).

Market Dynamics

Rising Production and Consumption of Poultry Meat in Qatar are Expected to Drive the Market Growth

The poultry industry is one of the fastest-growing industries in Qatar due to the increase in poultry and meat consumption. In March 2021, Hassad Food announced an increase in production lines in its Poultry, Vegetables and Fodder sectors to support the country's food security efforts. The production of the Arab Qatari Company for Poultry Production (Al-Waha) reached around 16 Million Chickens and 120 million table eggs annually. Also, an increase in investment in Qatar companies helps to grow production.

The Growing Retail Sector in Qatar is Expected to Fuel the Market

With an increasing number of supermarkets, hypermarkets and specialty stores opening up in the country, there is a greater demand for high-quality and locally sourced poultry products. According to data from the Qatar Statistics Authority, the retail sector in Qatar has been growing steadily in recent years, with retail trade recording a year-on-year growth rate of 6.4% in the first quarter of 2021. This growth is being driven by factors such as a rising population, increasing urbanization and a growing middle class with higher disposable incomes.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it to pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

COVID Impact Analysis

The World Health Organisation classified the COVID-19 outbreak as a pandemic in March 2020. On February 20, 2020, Qatar reported its first incidence of Covid 19. To reduce the risk of the virus spreading, COVID-19 has directly affected the supply chain for manufacturers in Qatar and forced the closure of manufacturing facilities. The health crisis has influenced the consumers' habits; during the confinement, consumers have increased the purchase of Non-perishable foods having a long shelf life (paste, flour and canned goods). However, perishable items, such as chicken, were consumed less by the consumer.

Russia-Ukraine War Impact

The Russia-Ukraine conflict has had a limited impact on the Qatar poultry market. According to the Qatar Chamber of Commerce and Industry, France and the Netherlands are major suppliers of poultry products to Qatar, with a combined share of over 30%. Moreover, Qatar has taken steps to diversify its sources of poultry imports to reduce its reliance on any single supplier. For example, in 2020, the Qatari government signed an agreement with the Turkish government to increase the import of Turkish poultry products to the country.

Segment Analysis

The Qatar poultry market is segmented based on type, distribution channel and region.

By Product Type, the Meat Segment Holds the Largest Market Share during the Forecast Period

The meat segment is holding the largest market share in the Qatar poultry market. This was due to the high demand for chicken meat in the country, driven by factors such as its affordability, versatility in cooking and availability in a variety of cuts and forms. According to data from the Qatar Ministry of Development Planning and Statistics, chicken meat accounted for approximately 80% of the total meat consumption in the country in 2019, with beef and lamb accounting for the remaining 20%. This indicates a clear preference for meat among Qatari consumers, which is reflected in its dominant market share in the poultry market.

Geographical Analysis

The Qatar Poultry Market is Growing Due to Several Factors During the Forecast Period

The Qatar poultry market is growing in Qatar due to a combination of factors, including the increasing population and changing dietary preferences, government support and growing demand for halal-certified products. As a predominantly Muslim country, the demand for halal-certified products is high in Qatar. According to the Qatar Chamber of Commerce and Industry, the value of halal food trade in Qatar increased from QAR 3.7 billion in 2015 to QAR 4.8 billion in 2019, with poultry being one of the key halal-certified food products traded in the country.

Competitive Landscape

The major global players include Arab Qatari Company, Food Investment Holding Company (OFIC), Al Faisal Holding, Al Rawdah (EMIRATES MODERN POULTRY CO.), Mazzraty, Al-Watania Poultry, Fakieh Farms, Almarai Company, Al Ain Poultry, Ras Al Khaimah Poultry & Feeding Company and Al Islami.

Why Purchase the Report?
• To visualize the Qatar poultry market segmentation based on product type and species type and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of Qatar poultry market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Qatar Poultry Market Report Would Provide Approximately 36 Tables, 24 Figures and 200 Pages.

Target Audience 2023
• Manufacturers / Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies