Saudi Arabia Edible Meat Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 1.89% (2024-2032)
The Saudi Arabia edible meat market is growing steadily, driven by rising population, increasing demand for protein-rich diets, and a shift toward high-quality and halal meat products. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 1.89% from 2024 to 2032.
Saudi Arabia Edible Meat Market Trends:
The Saudi Arabian edible meat market is propelled by the nation's changing economic and social landscapes. A significant driver is the increasing population and urbanization, which elevate the demand for protein-rich diets, including meat products. The country’s growing middle class, with higher disposable income, is willing to spend more on quality and premium meat products, which supports the expansion of both local and imported meat markets.
Additionally, cultural preferences for fresh, high-quality meats during religious and festive seasons play a crucial role in boosting consumption. The government’s Vision 2030 program, aimed at boosting economic diversification, also indirectly supports the meat industry by enhancing food security and reducing dependency on oil revenues. Moreover, the rise in health-conscious consumers is driving demand for organic and processed meats that offer health benefits, further fueling market growth.
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Saudi Arabia Edible Meat Market Scope & Growth Analysis:
The scope of the market encompasses a wide array of meat types, including poultry, beef, lamb, and seafood, catering to diverse culinary traditions and consumer preferences. The market is poised for growth, underpinned by strategic initiatives aimed at enhancing domestic meat production and reducing imports, which aligns with the country's food security goals. Investment in meat processing technologies, cold storage, and logistics are being prioritized to improve the quality and distribution of meat products across the kingdom.
Additionally, the government is fostering partnerships with foreign investors to modernize farming techniques and boost production capabilities. The increasing popularity of online grocery shopping and home delivery services is also expanding the market's reach, making meat products more accessible to consumers. These factors collectively contribute to a dynamic market environment, promoting sustained growth and innovation within the Saudi Arabian edible meat industry.
Saudi Arabia Edible Meat Industry Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Beef
- Mutton
- Poultry
- Others
Form Insights:
- Fresh / Chilled
- Frozen / Canned
- Processed
Distribution Channel Insights:
- Off-Trade
- Convenience Stores
- Online Channel
- Supermarkets And Hypermarkets
- Others
- On-Trade
Regional Insights:
- Northern and Central Region
- Western Region
- Eastern Region
- Southern Region
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Some of the key players include:
- Almarai
- Al-Watania Poultry
- Halwani Bros
- Tanmiah Food Company
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Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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