Saudi Arabia Meat - Market Assessment and Forecasts to 2028
Summary
The meat sector in the Saudi Arabia is expected to grow from SAR20.0 billion ($5.3 billion) in 2023 to SAR20.6 billion ($5.5 billion) in 2028, growing at a CAGR of 0.5%. In volume terms, the sector is expected to decrease from 814.6 million kg in 2023 to 752.2 million kg in 2028, declining at a CAGR of 1.6%. Chilled raw packaged meat - whole cuts was the largest category in value and volume terms, while the frozen meat category is forecast to register the fastest volume growth during 2023-28. Food & drinks specialists was the largest distribution channel in the UAE’s meat sector. Tanmiah Food Company, Al-Watania Poultry, and Farm Fresh Meats, Inc. were the top three companies in the country.Scope
- Per capita consumption of meat in the Saudi Arabia was higher than regional and global levels in 2023.
- The per capita consumption of Chilled raw packaged meat - whole cuts was higher in the Saudi Arabia compared to other meat categories in 2023
- Food & drinks specialists was the leading distribution channel in the Saudi Arabian meat sector, with a value share of 58.4% in 2023
- Rigid plastics accounted for a share of 53.2% in 2023
Reasons to Buy
- Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
- Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
- Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning
- Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
- Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.
Table of Contents
- Report Scope
- Executive Summary
- Market Environment
- Value and Volume Share of the Saudi Arabia in the Global and Middle East and Africa Markets
- Growth Analysis of the Saudi Arabia Compared to Other Leading Countries in the Middle East and Africa Market
- PCC and PCE of the Saudi Arabia Compared to the Global and Middle East and Africa Markets
- Sector Deep Dive
- the Saudi Arabia Meat Sector Snapshot
- Market Size Analysis
- Cross-Category Comparison - Value Growth Analysis and Category Winners and Losers
- Cross-Category Comparison - Volume Growth Analysis and Category Winners and Losers
- Category Deep Dive
- Per Capita Consumption Analysis by Category
- Market Size Analysis - Category: Ambient Meat
- Segment-level Analysis (In Value Terms) - Ambient Meat
- Segment-level Analysis (In Volume Terms) - Ambient Meat
- Market Size Analysis - Category: Chilled Raw Packaged Meat - Processed
- Segment-level Analysis (In Value Terms) - Chilled Raw Packaged Meat - Processed
- Segment-level Analysis (In Volume Terms) - Chilled Raw Packaged Meat - Processed
- Market Size Analysis - Category: Chilled Raw Packaged Meat - Whole Cuts
- Segment-level Analysis (In Value Terms) - Chilled Raw Packaged Meat - Whole Cuts
- Segment-level Analysis (In Volume Terms) - Chilled Raw Packaged Meat - Whole Cuts
- Segment-level Analysis (In Value Terms) - Cooked Meats - Packaged
- Segment-level Analysis (In Volume Terms) - Cooked Meats - Packaged
- Market Size Analysis - Category: Fresh Meat (Counter)
- Segment-level Analysis (In Value Terms) - Fresh Meat (Counter)
- Segment-level Analysis (In Volume Terms) - Fresh Meat (Counter)
- Market Size Analysis - Category: Frozen Meat
- Segment-level Analysis (In Value Terms) - Frozen Meat
- Segment-level Analysis (In Volume Terms) - Frozen Meat
- Distribution Analysis
- Channel Share Analysis
- Competitive Environment
- Leading Companies - Value and Volume Shares
- Brand Share Analysis of Top Five Companies
- Brand Share Analysis of Top Five Companies by Category
- Private Label Share Analysis by Category
- Growth of Private Labels Compared to Branded Products
- Degree of Consolidation/Fragmentation by Category
- Packaging Analysis
- Pack Material Growth Analysis
- Pack Type Growth Analysis
- Closure Type Growth Analysis
- Primary Outer Type Growth Analysis
- City Deep Dive
- Market Size Analysis of Top five Cities
- Consumergraphics
- Demographic Analysis
- Macroeconomic Analysis
- GDP Growth and Inflation
- Population Growth
- Labor Market Trend
- Economic Summary, Labor Market Trends, and Demographic Trends
- The Saudi Arabia Risk Index (GCRI) 2023
- The Saudi Arabia Risk Analysis - Compared to Global and Middle East and Africa Markets
- Methodology
- Definitions
- Appendix
- Leading value categories
- Leading categories (volume), 2023
- Cross-category comparison - by value (2018-28)
- Cross-category comparison - by volume (2018-28)
- Per capita consumption (by category), the Saudi Arabia compared to Middle East and Africa and global levels (in units), 2023
- Segment-level analysis (in value terms) - ambient meat
- Segment-level analysis (in volume terms) - ambient meat
- Segment-level analysis (in value terms) - chilled raw packaged meat - processed
- Segment-level analysis (in volume terms) - chilled raw packaged meat - processed
- Segment-level analysis (in value terms) - chilled raw packaged meat - whole cuts
- Segment-level analysis (in volume terms) - chilled raw packaged meat - whole cuts
- Segment-level analysis (in value terms) - cooked meats - packaged
- Segment-level analysis (in volume terms) - cooked meats - packaged
- Segment-level analysis (in value terms) - fresh meat (counter)
- Segment-level analysis (in volume terms) - fresh meat (counter)
- Segment-level analysis (in value terms) - frozen meat
- Segment-level analysis (in volume terms) - frozen meat
- Change in distribution share, 2018-23
- Top five companies share by brand (in value and volume terms) in the meat sector, 2023
- Brand shares of top five companies (in value and volume terms) by category, 2023
- Volume share analysis of top four cities by category (%), 2023
- Performance overview (score: 1-100)
- Category data, by segment
- Per capita consumption (in units), 2018-28
- Per capita expenditure ($), 2018-28
- Meat sales distribution in the Saudi Arabia - by category (SAR million), 2023
- Brand share (in value and volume terms) in the meat sector, 2023
- Brand share (in value and volume terms) in the meat sector, by category, 2023
- Pack material (in million pack units), 2018-28
- Pack materials by category (in million pack units), 2023
- Pack type (in million pack units), 2018-28
- Pack types by category (in million pack units), 2023
- Closure type (in million pack units), 2018-28
- Closure types by category (in million pack units), 2023
- Primary outer type (in million pack units), 2018-28
- Primary outer types by category (in million pack units), 2023
- Real GDP and annual growth (%), 2020-28
- Nominal GDP and annual growth (%), 2020-28
- Consumer price inflation (%), 2020-28
- Employed people and unemployment rate (%), 2020-28
- Nominal household final consumption expenditure and annual growth (%), 2020-28
- Population and annual growth (%), 2020-28
- Population by age group (%)
- Population by gender (%)
- Population by rural-urban split (%)
- Value and volume shares of the Saudi Arabia in the global and Middle East and Africa meat sector, 2023 -2026
- The Saudi Arabia compared to the other top countries in terms of market share, growth, and the competitive landscape
- PCC comparison - the Saudi Arabia, Middle East and Africa, and global, 2018-28
- PCE comparison - the Saudi Arabia, Middle East and Africa, and global, 2018-28
- Market size and growth analysis by value and volume, meat sector, 2018-28
- Cross-category comparison - value growth analysis and category winners and losers
- Cross-category comparison - volume growth analysis and category winners and losers
- Market size and growth analysis by value and volume, ambient meat category, 2018-28
- Market size and growth analysis by value and volume, chilled raw packaged meat - processed, 2018-28
- Market size and growth analysis by value and volume, chilled raw packaged meat - whole cuts category, 2018-28
- Market size and growth analysis by value and volume, cooked meats - packaged, category, 2018-28
- Market size and growth analysis by value and volume, fresh meat (counter), category, 2018-28
- Market size and growth analysis by value and volume, frozen meat, category, 2018-28
- Share of key distribution channels (in value terms) - meat, 2023
- Key distribution channel share by category (in value terms), 2023
- Leading companies (in value and volume terms) in the meat sector, 2023
- Private label penetration by category (in value terms), 2023
- Growth analysis, private label and brands, 2018-28
- Category-wise consolidation/fragmentation (in value terms) - meat , 2023
- Key pack materials in the SAUDI ARABIA meat sector by percentage share of pack units, 2023
- Annual growth rate by key pack material, 2018-28
- Use of pack material by category (in pack units), 2023
- Key pack types in the Saudi Arabia meat sector by percentage share of pack units, 2023
- Annual growth rate by key pack type, 2018-28
- Use of pack type by category (in pack units), 2023
- Key closure types in the Saudi Arabia meat sector by percentage share of pack units, 2023
- Annual growth rate by key closure type, 2018-28
- Use of closure type by category (in pack units), 2023
- Key primary outer types in the Saudi Arabia meat sector by percentage share of pack units, 2023
- Annual growth rate by key primary outer type, 2018-28
- Use of primary type by category (in pack units), 2023
- Volume growth analysis of four cities (million kg), 2018-23
- Demographic analysis
- Real GDP (SAR billion) and annual growth (%)
- Nominal GDP (SAR billion) and annual growth (%)
- Consumer price inflation (%)
- Nominal household final consumption expenditure growth (%) in SAR terms
- Population (million) and annual growth (%)
- Population by age group (%)
- Population by gender (%)
- Population by rural-urban split (%)
- Employed people (million) and unemployment rate (%)
- Economic summary, labor market trends, and demographic trends
- Five lowest-risk nations in GCRI Q2 2023
- Five highest-risk nations in GCRI Q2 2023
- The Saudi Arabia’s performance in country risk analysis in comparison to Middle East and Africa and the world
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Tanmiah Food Company
- Al-Watania Poultry
- Americana Group Inc.
- Almarai
- BRF S.A.
- The Radwa Saudi Food Company Ltd.
- ARASCO Foods
- Fakieh Group
- Al Munajem
- Siniora Food Industries Plc
