United Arab Emirates Edible Meat Market - Size, Share, COVID-19 Impact & Forecasts up to 2028

United Arab Emirates Edible Meat Market - Size, Share, COVID-19 Impact & Forecasts up to 2028

The United Arab Emirates Edible Meat Market is projected to register a CAGR of 1.56%

Key Highlights

• Largest Segment by Type - Poultry : Product consistency, the surge in local production, and higher protein/lower fat content are some of the major factors influencing the higher poultry consumption.
• Largest Segment by Form - Fresh / Chilled : Fresh meats are considered to be of higher quality. The relaxation of the lockdown allowed customers to immediately purchase freshly cut meat through an offline channel.
• Fastest-growing Segment by Type - Pork : The rise of expat population and tourism in the country is driving the demand for pork meat. Processed pork is likely to be the fastest growing pork form in UAE.
• Fastest-growing Segment by Form - Frozen / Canned : The consumption value of frozen/canned meat is led by the on-trade distribution in the country. This is because of its extended shelf life and better distribution bandwidth.

Key Market TrendsPoultry is the largest segment by Type.

• Among all the types, poultry is the most consumed meat type in the market with its increased share, and it is also anticipated to maintain a 56.9% share by the end of the forecast period, 2028. This is also substantiated by the increased poultry production, which is registered to be almost 35% of all the meat produced in the country. Poultry also remains a comparatively cheap source of animal protein in the United Arab Emirates. As of July 2021, poultry prices were 0.5% lower compared to the same time the previous year and declined monthly in 2021 since setting record high prices in 2020.
• The market registered an increased segmental revenue in 2021, with recovery from the impact of COVID-19 and increasing meat consumption in the country. For instance, in 2022, consumption of poultry is forecast to grow modestly to 456,000 MT as tourism, travel, and business further recover, and COVID-19 remains under control.
• Mutton is the next most-consumed meat type in the market, which is also anticipated to record a positive CAGR of 1.83% from 2022 to 2028. This is majorly due to lamb meat being the prime choice for most consumers in the country. Although beef and chicken are consumed more often, these meats are better known as staples. Lamb meat has advantages in taste and premium perceptions, and it is a family favorite in the country.
• However, the other meats segment is anticipated to be the fastest-growing segment in the market studied, recording a CAGR of 5.40%, by value, during the forecast period. This is mainly due to the increasing consumption of camel meat in the country. Camel meat remains a popular delicacy and is served to commemorate significant occasions such as Eid and National Day.

Competitive Landscape

The United Arab Emirates Edible Meat Market is fragmented, with the top five companies occupying 27.64%. The major players in this market are Al Ain Farms, Al Kabeer Group ME- The Savola Group, BRF S.A., Siniora Food Industries Company and Tanmiah Food Company (sorted alphabetically).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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