Saudi Arabia Meat - Market Assessment and Forecasts to 2028

Saudi Arabia Meat - Market Assessment and Forecasts to 2028

Summary

The meat sector in the Saudi Arabia is expected to grow from SAR20.0 billion ($5.3 billion) in 2023 to SAR20.6 billion ($5.5 billion) in 2028, growing at a CAGR of 0.5%. In volume terms, the sector is expected to decrease from 814.6 million kg in 2023 to 752.2 million kg in 2028, declining at a CAGR of 1.6%. Chilled raw packaged meat - whole cuts was the largest category in value and volume terms, while the frozen meat category is forecast to register the fastest volume growth during 2023-28. Food & drinks specialists was the largest distribution channel in the UAE’s meat sector. Tanmiah Food Company, Al-Watania Poultry, and Farm Fresh Meats, Inc. were the top three companies in the country.

Scope

• Per capita consumption of meat in the Saudi Arabia was higher than regional and global levels in 2023.
• The per capita consumption of Chilled raw packaged meat - whole cuts was higher in the Saudi Arabia compared to other meat categories in 2023
• Food & drinks specialists was the leading distribution channel in the Saudi Arabian meat sector, with a value share of 58.4% in 2023
• Rigid plastics accounted for a share of 53.2% in 2023

Reasons to Buy

• Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
• Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
• Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning
• Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
• Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.