Report Overview

Saudi Arabia Meat Market- Industry Trends & Forecast Report 2027

The Saudi Arabia meat market is reflecting robust expansion and estimated to grow at a CAGR of 5.3% during the forecast period. The market is growing at a high rate because of the growing demand for high protein food due to their health benefits, along with changing consumption patterns and the flourishing tourism sector in the country. Furthermore, the increasing halal meat certification and imports are expected to boost the Saudi Arabia meat market during the forecast period.

Saudi Arabia Meat Market- Overview

‘Meat’, in general, refers to animal flesh that is meant for human consumption. Meat is an important source of nutrients that offer proteins, zinc, iron, selenium, phosphorus, vitamin A and B-complex vitamins. There are many types of meat available in Saudi Arabia, such as red meat, which includes beef, goat, lamb; poultry meat, which includes chicken and turkey; and seafood meat, which includes fish, crab, lobster, etc. Among these types, chicken and lamb are the most popular meat in Saudi Arabia.

Saudi Arabia Meat Market Forecast and Trends

Growth Drivers

Growing Demand For Seafood

The increasing demand for seafood in Saudi Arabia is anticipated to present lucrative growth opportunities to the meat market. Because Saudi Arabia is surrounded by the Red Sea and the Arabian Gulf, seafood has always been a large part of their diet. Moreover, as an increasingly young population adopts new lifestyles and the social and economic scene of the country changes, the demand for seafood has risen over the years. Because seafood has significant growth potential in Saudi Arabia, the authorities are promoting fisheries and aquaculture, propelling the overall market growth.

Increasing Import Activities For Meat

In Saudi Arabia, meat consumption is very high, so much so that the country sometimes does not produce enough meat to meet domestic demand. As a result, meat imports are on the rise, providing growth opportunities for the global players. The Saudi Arabia meat market is already booming with leading meat importers with India, France, the US, Argentina being the bigger suppliers for beef. The demand for meat is so strong and is increasing at such a high rate that chicken and sheep are among the most imported food commodities in Saudi Arabia.

Restraints

Stringent Government Regulations For Meat

The Saudi government is very strict regarding the meat imported and circulated in the country. Islamic law mandates stringent halal certifications, and getting the certification is a complicated process. This acts as a major hindrance to market growth. In addition, Saudi Arabia recently banned poultry imports from Brazil, which, according to estimates, would boost domestic production. Such drastic measures may prevent new global players from entering the market, and ultimately restrain the market.

Impact of COVID-19 on Saudi Arabia Meat Market

The COVID-19 pandemic outbreak negatively affected the growth of the Saudi Arabia meat market. This is because of the temporary shutdown of the butcher shops, slaughterhouses, and the unavailability of meat products in supermarkets/hypermarkets due to restrictions on supply chains. Furthermore, increasing awareness and risk of the spread of zoonotic diseases also restricted the demand for meat in Saudi Arabia, incurring huge losses, especially to the local suppliers. This trend of low demand for meat is expected to prevail in the post-COVID-19 period as well.

Saudi Arabia Meat Market - By Type

Based on types, the Saudi Arabia meat market is segmented into red meat, poultry, and seafood. The poultry meat segment holds the largest market share. The consumption of chicken and lamb is highly prominent in Saudi Arabia. Although red meat is also popular, its consumption is rare compared to other types. However, the seafood segment is projected to witness the highest CAGR during the forecast period. Saudi Arabia is expected to hold great potential for growing the seafood market with increasing local consumption.

Saudi Arabia Meat Market - By Product type

Based on product types, the Saudi Arabia meat market is segmented into fresh, chilled, and frozen. Among these, the fresh meat segment accounts for the largest market share. The high number of butcher shops and slaughterhouses in the region makes fresh meat accessible to large number of consumers. However, the frozen food segment is projected to witness the highest growth rate during the forecast period. The longer shelf life of frozen meat and changing consumption patterns due to the increasing workforce are directly influencing the growth of this segment.

Saudi Arabia Meat Market - By Distribution Channel

Based on the distribution channel, the Saudi Arabia meat market is segmented into on-trade and off-trade. The off-trade segment is further classified into supermarkets/hypermarkets, specialty stores, online stores, and others. Specialty stores account for the largest market share because of the availability of fresh and price-friendly meat in these stores. Consumers are inclined towards trusted meat sources, which is why they tend to buy from certain specialty stores only. Furthermore, the presence of a high number of slaughterhouses and their tie-ups with specialty stores to trade fresh meat also favors the market growth.

Competitive Landscape

The leading market players in the Saudi Arabia meat market are Grobat, Othaim Markets Company, Shahia Factory, Yousif H Al Shihab Trading Est., CATCOOT COMPANY, Ali Jalal, Alsilani Trading Co, ARASCO FOODS, Alsalamah Almotatawera Co., Halwani Bros, Skot Trading, and other prominent players.

The market is highly fragmented, with the presence of various industry participants. The perominent industry players offer a wide range of halal-certified meat products for both businesses, such as restaurants and final consumers. The competition is expected to rise during the forecast period as companies from other companies are increasingly entering the market to target the potential consumer base.

Recent Developments

• In September 2021, the Organic Meat Company Ltd. (TOMCL), a Pakistan-based meat processing company, announced to have received a USD 1 million contract to supply frozen meat to Saudi Arabia.

Scope of the Report:

By Type

• Red Meat

1. Beef
2. Goat
3. Lamb

• Poultry

1. Chicken
2. Turkey

• Seafood

1. Fish
2. Crab
3. Lobster
4. Others

By Product Type

• Fresh
• Chilled
• Frozen

By Distribution Channel

• On-Trade
• Off-Trade

1. Supermarkets/Hypermarkets
2. Speciality Stores
3. Online Stores
4. Others

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Key Market Segments
2. Research Methodology
   1. Qualitative Research
   2. Methodology
   3. Regional Split of Primary & Secondary Research
   4. Secondary Research
   5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
   6. Market Size Estimation
   7. Assumptions for the Study
   8. Market Breakdown & Data Triangulation
3. Executive Summary
4. Industry Insight and Growth Strategy
   1. Value Chain Analysis
   2. DROC Analysis
      1. Market Drivers
         1. Growing Demand For Seafood
         2. Increasing Import Activities For Meat
      2. Market Restraints
         1. Stringent Government Regulations For Meat
      3. Market Challenges
         1. Negative Impact of the COVID-19 Pandemic
      4. Market Opportunity
         1. Government Initiatives To Promote Local Production
         2. Target Towards Health Conscious Consumers
   3. Recent Developments
   4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
5. Saudi Arabia Meat Market Overview
   1. Market Size & Forecast by Value, 2017-2027
   2. Market Size and Forecast, By Segment
      1. By Type
         1. Red Meat
            1. Beef
            2. Goat
            3. Lamb
         2. Poultry
            1. Chicken
            2. Turkey
         3. Seafood
            1. Fish
            2. Crab
            3. Lobster
            4. Others
      2. By Product Type
         1. Fresh
         2. Chilled
         3. Frozen
      3. By Distribution Channel
         1. On-Trade
         2. Off-Trade
            1. Supermarkets/Hypermarkets
            2. Speciality Stores
            3. Online Stores
            4. Others
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Market Share Analysis (2020)
   3. Competitive Benchmarking by Operating Parameters
7. Impact of COVID-19 on Saudi Arabia Meat Market
8. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
   1. Grobat
   2. Othaim Markets Company
   3. Shahia Factory
   4. Yousif H Al Shihab Trading Est.
   5. CATCOOT COMPANY
   6. Ali Jalal
   7. Alsilani Trading Co
   8. ARASCO FOODS
   9. Alsalamah Almotatawera Co
   10. Halwani Bros
   11. Skot Trading
   12. Other Prominent Players
9. Key Strategic Recommendations

List of Figures

Figure 1: Saudi Arabia Meat Market Segmentation

Figure 2: Saudi Arabia Meat Market Value Chain Analysis,

Figure 3: Company Market Share Analysis, 2020

Figure 4: Saudi Arabia Meat Market Size, By Value (USD Billion), 2017-2027

Figure 5: Saudi Arabia Meat Market Share (%), By Type, By Value, 2017-2027

Figure 6: Saudi Arabia Meat Market Share (%), By Product Type, By Value, 2017-2027

Figure 7: Saudi Arabia Meat Market Share (%), By Distribution Channel, By Value, 2017-2027

List of Tables

Table 1: Saudi Arabia Meat Market Size, By Type, By Value, 2017-2027

Table 2: Saudi Arabia Meat Market Size, By Product Type, By Value (USD Billion), 2017-2027

Table 3: Saudi Arabia Meat Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027

Table 4: Grobat Financial Analysis

Table 5: Grobat Business Overview

Table 6: Othaim Markets Company Financial Analysis

Table 7: Othaim Markets Company Business Overview

Table 8: Shahia Factory Financial Analysis

Table 9: Shahia Factory Business Overview

Table 10: Yousif H Al Shihab Trading Est. Financial Analysis

Table 11: Yousif H Al Shihab Trading Est. Business Overview

Table 12: CATCOOT COMPANY Financial Analysis

Table 13: CATCOOT COMPANY Business Overview

Table 14: Ali Jalal Financial Analysis

Table 15: Ali Jalal Business Overview

Table 16: Alsilani Trading Co Financial Analysis

Table 17: Alsilani Trading Co Business Overview

Table 18: ARASCO FOODS Financial Analysis

Table 19: ARASCO FOODS Business Overview

Table 20: Alsalamah Almotatawera Co Financial Analysis

Table 21: Alsalamah Almotatawera Co Business Overview

Table 22: Halwani Bros Financial Analysis

Table 23: Halwani Bros Business Overview

Table 24: Skot Trading Financial Analysis

Table 25: Skot Trading Business Overview