Saudi Arabia Red Meat Market Growth 2024, Industry Trends, Demand and Analysis Report By 2032

Saudi Arabia Red Meat Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 2.39% (2024-2032)

The Saudi Arabia red meat market is experiencing steady growth, driven by increasing urbanization, rising disposable incomes, and a growing preference for traditional dietary habits. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 2.39% from 2024 to 2032.

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Saudi Arabia Red Meat Market Trends:

The Saudi Arabia market is rising consumer demand for protein-rich diets, which has significantly increased red meat consumption. The growing population, particularly with a younger demographic, contributes to this increased demand. Moreover, the influence of western dietary habits has led to a shift in local consumption patterns, favoring red meat products.

Furthermore, the government's efforts to enhance food security through strategic investments in the agriculture and livestock sectors have bolstered domestic meat production capabilities. Additionally, the rapid expansion of the retail and hospitality sectors provides greater access to a variety of red meat options, thereby propelling market growth. Besides, the rising income levels and improving economic conditions enable more consumers to afford premium red meat products. The introduction of advanced processing technologies has also enhanced the quality and shelf life of red meat products, making them more appealing to consumers.            

Saudi Arabia Red Meat Market Scope & Growth Analysis:

The scope of the market is expanding due to increasing urbanization and the development of modern retail formats are expanding the reach and availability of red meat products, facilitating greater consumer access. The diversification of meat products, including organic and halal-certified options, caters to a wide range of consumer preferences and dietary requirements, thereby broadening the market scope.

Additionally, there is a growing emphasis on developing a robust domestic meat production industry to reduce dependency on imports, which is expected to drive significant investments in livestock farming and meat processing facilities.  As Saudi consumers become more health-conscious, there is a rising demand for leaner cuts of meat, providing an impetus for product innovation within the red meat market. Furthermore, the expanding e-commerce sector offers new distribution channels, making it easier for consumers to purchase red meat products online.  

Saudi Arabia Red Meat Industry Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest Saudi Arabia red meat market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.

Type Insights:

• Beef

• Mutton

• 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:

• Almunajem Foods

• Americana Foods Inc.

• Nashar Meat Company

• Sadia S.A. (BRF S.A.)

• Sunbulah Group

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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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