Meat Market in GCC 2024:
How Big is the GCC Meat Industry?
The GCC meat market size reached 5.02 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 6.84 Million Tons by 2032, exhibiting a growth rate (CAGR) of 3.20% during 2024-2032.
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Size in 2023: 5.02 Million Tons
Market Size in 2032: 6.84 Million Tons
Market Growth Rate (CAGR) 2024-2032: 3.20%
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GCC Meat Market Trends and Drivers:
The escalating population as well as the increasing need for protein-rich foods are the factors responsible for the growth of the GCC meat market. Additionally, meat, particularly beef, lamb, and poultry, is a staple in the traditional diet across Gulf countries, and its consumption is further fueled by higher disposable incomes and a growing use of premium meat cuts. Besides this, the expanding expatriate population, with diverse culinary preferences, has increased the demand for various meat types and products. The surge in the tourism and hospitality sectors in the region is also boosting the need for high-quality meat products in hotels, restaurants, and catering services. As consumers become more health-conscious, there is a noticeable shift towards leaner meat options, organic meats, and hormone-free products, reflecting global dietary trends.
The reliance on imports to meet local demand is augmenting the GCC meat market. In addition to this, Gulf countries heavily depend on meat imports from regions like Australia, New Zealand, Brazil, and the United States, ensuring a steady supply. To strengthen food security, government authorities are investing in initiatives to enhance local meat production through advanced farming technologies and sustainable practices, though imports remain dominant. Furthermore, innovations in meat processing, including frozen and pre-packaged options, are gaining popularity, driven by the convenience demands of urban consumers. Retail channels such as supermarkets, hypermarkets, and e-commerce platforms are expanding the availability of meat products. Halal certification, a critical aspect of the market, ensures that meat products meet the religious and cultural needs of the population, anticipated to drive the GCC meat market over the forecasted period.
GCC Meat Industry Segmentation:
We explore the factors propelling the GCC meat market growth, including technological advancements, consumer behaviors, and regulatory changes.
Type Insights:
Raw
Processed
Product Insights:
Chicken
Beef
Pork
Mutton
Others
Distribution Channel Insights:
Supermarkets and Hypermarkets
Departmental Stores
Specialty Stores
Online Stores
Others
Country Insights:
Saudi Arabia
UAE
Qatar
Bahrain
Kuwait
Oman
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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.
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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