Saudi Arabia Meat Market

Saudi Arabia meat industry is driven by the continued expansion of domestic poultry meat production, government support to boost the food security and import banned on Brazil poultry meat plants. In addition, Saudi government has taken numerous initiatives by offering direct payment to poultry and livestock producers to encourage farmers. For instance, Saudi Arabia meat imports is 854 thousand tonnes in 2021 and expected to reduce to 751 thousand tonnes in 2022 as per the FAO.

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Key Drivers and Emerging Trends

Global meat production is 35, 5715 thousand tonnes in 2021 and predicted to reach 36, 0064 thousand tonnes in 2022 as per the Food and Agriculture Organization. The key factors driving the growth of Saudi Arabia meat industry include increasing per capita meat consumption, growing demand for high protein foods and rising consumers awareness about the health benefits of meat consumption across the country. Saudi Halal market is estimated to grow owing to the rise in the number of Hajj and Umrah visitors along with the increasing adoption of Halal lifestyle. For instance, Minister of Environment, Water and Agriculture of Saudi Arabia planned to invest USD 5 Bn to increase self-sufficiency rate of poultry meat production to 80% by 2025. The self-sufficiency of poultry meat increased to 68% in 2022 as compared to 45% in 2016. This investment is aligned with the Saudi Vision 2030 goals which seeks to provide high quality of food at reasonable price and to ensure food security in Saudi Arabia.

Saudi Arabia meat market is rapidly growing due to the increase in the meat production i.e., 1,199 thousand tonnes in 2021 and further forecasted to reach 1,222 thousand tonnes in 2022 to cater to the increasing demand for meat across the country as per the Food and Agriculture Organization. Moreover, government has strict regulation regarding the importing and distributing of meat across the Saudi Arabia is paving way for local producers to increase domestic production of meat.

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Saudi Arabia meat market will witness significant growth during the forecast period owing to the increasing working population along with the rising meat consumption by the Muslim people in Saud Arabia. Saudi Arabia government started agencies like Grain Silos and Flour Mills Organization and Saudi Food and Drug Authority to support local farmers and to ensure food safety regulations before consumption. In addition, Saudi Ministry of Environment, Water, and Agriculture launched a new animal feed policy in which government will offer direct payment to poultry and livestock farmers rather than providing import subsidies to producers in 2020. These initiatives will create more opportunities for the meat market in Saudi Arabia in near future.

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The poultry production is 910 thousand tonnes in 2021 and is projected to reach 930 thousand tonnes in 2022. With the increase in the production, consumption is increasing in the country. The poultry imports will reduce to 514 thousand tonnes in 2022 as compared to 632 thousand tonnes in 2022. For instance, Saudi Food and Drug Authority prohibited Brazil 11 poultry meat plants in 2021.

As per the FAO, ovine meat production in Saudi Arabia are 148 thousand tonnes in 2021 and import is 23 thousand tonnes in 2021. The ovine production is anticipated to reach 152 thousand tonnes in 2022.

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Key questions answered in this research report:

• • At what pace is Saudi Arabia Meat market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Saudi Arabia Meat market? What will be the impact of drivers and restraints in the future?
  • What are the various Application areas of Saudi Arabia Meat market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?