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Saudi Arabia Red Meat Market Size

The Saudi Arabia red meat market is experiencing growth, with mutton and beef dominating the market share due to increased production and affordability. The market size is expanding as red meat becomes more accessible, supported by a rising livestock production index and government initiatives. Beef is anticipated to grow significantly in value, driven by consumer preferences for slow-cooked options and a growing expatriate population. Additionally, camel meat is emerging as a rapidly growing segment, supported by increased domestic production. To reduce import dependency and enhance food security, Saudi Arabia is implementing strategic programs to boost local meat production and processing capabilities.

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Market Size of saudi arabia red meat Industry

Saudi Arabia Red Meat Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 1.33 Billion
svg icon Market Size (2029) USD 1.49 Billion
svg icon Largest Share by Type Beef
svg icon CAGR (2024 - 2029) 2.28 %
svg icon Fastest Growing by Type Mutton
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Saudi Arabia Red Meat Market Analysis

The Saudi Arabia Red Meat Market size is estimated at 1.33 billion USD in 2024, and is expected to reach 1.49 billion USD by 2029, growing at a CAGR of 2.28% during the forecast period (2024-2029).

1.33 Billion

Market Size in 2024 (USD)

1.49 Billion

Market Size in 2029 (USD)

3.47 %

CAGR (2017-2023)

2.28 %

CAGR (2024-2029)

Largest Segment by Type

45.58 %

value share, Beef, 2023

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Fresh beef products are the most consumed beef form in the region. The popularity of fresh beef is partly due to its availability at local supermarkets or butcher shops.

Largest Segment by Form

50.95 %

value share, Fresh / Chilled, 2023

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Fresh meats are considered to be of higher quality. The relaxation of the lockdown allowed customers to immediately purchase freshly cut meat through an offline channel.

Fastest-growing Segment by Type

2.25 %

Projected CAGR, Mutton, 2024-2029

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Mutton is an essential part of Saudi Arabian cuisine. In view of the country's rich culinary tradition, there are a number of dishes and recipes that use mutton as their main protein.

Fastest-growing Segment by Form

3.01 %

Projected CAGR, Processed, 2024-2029

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The increasing popularity of ready-to-eat and ready-to-cook meat to match the fast-paced lifestyle is projected to drive the demand for processed poultry meat in the country.

Leading Market Player

4.55 %

market share, BRF S.A., 2022

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BRF SA and its sub-brands have high brand equity in the market. Also, BRF constantly enhances its offering like by reducing sodium, which aids in maintaining its top position.

High consumption of meat and reduced meat prices boost market sales

  • By type, the consumption of mutton and beef is high in the country, together accounting for a value share of over 85% in 2022 within the red meat market due to an increase in production and availability of mutton at lower prices (USD 2.9 per kg). Consumption is increasing as red meat has become the most affordable meat, with production rising to 143.44 thousand tonnes in 2022. As of 2021, the livestock production index for Saudi Arabia was 144.3, which is increasing gradually at a rate of 7.1% with government support.
  • Among meat types, beef in Saudi Arabia is predicted to register a high-growing CAGR of 3.06% by value during the forecast period (2023-2029). Most Saudi Arabian consumers prefer slow-cooked meat like beef, which offers a premium taste. With the increase in the expat population, beef demand has also increased; almost 1/3 of the population is expat.
  • The other meat types segment, especially camel meat, is projected to be the fastest-growing, with a CAGR value of 4.09% during the forecast period (2023-2029). This is due to the increased consumption of camel meat, resulting in increased domestic production, reaching over 108.7 tonnes in 2022.
  • Most of the country's edible meats are imported. To reduce the dependency on imports, Saudi Arabia launched a single program, the National Industrial Development and Logistics Program (NIDLP), to boost edible meat during 2020-2025. It aims to reinforce food security by establishing a regional food hub to ensure that local manufacturers meet all food needs. Specialized manufacturing clusters will be established, linking farmers, manufacturers, packaging plants, and retail companies to enable the local food processing industries of edible meat to meet 85% of the local demand for processed food products by 2030.
Saudi Arabia Red Meat Market

Saudi Arabia Red Meat Industry Segmentation

Beef, Mutton are covered as segments by Type. Canned, Fresh / Chilled, Frozen, Processed are covered as segments by Form. Off-Trade, On-Trade are covered as segments by Distribution Channel.

  • By type, the consumption of mutton and beef is high in the country, together accounting for a value share of over 85% in 2022 within the red meat market due to an increase in production and availability of mutton at lower prices (USD 2.9 per kg). Consumption is increasing as red meat has become the most affordable meat, with production rising to 143.44 thousand tonnes in 2022. As of 2021, the livestock production index for Saudi Arabia was 144.3, which is increasing gradually at a rate of 7.1% with government support.
  • Among meat types, beef in Saudi Arabia is predicted to register a high-growing CAGR of 3.06% by value during the forecast period (2023-2029). Most Saudi Arabian consumers prefer slow-cooked meat like beef, which offers a premium taste. With the increase in the expat population, beef demand has also increased; almost 1/3 of the population is expat.
  • The other meat types segment, especially camel meat, is projected to be the fastest-growing, with a CAGR value of 4.09% during the forecast period (2023-2029). This is due to the increased consumption of camel meat, resulting in increased domestic production, reaching over 108.7 tonnes in 2022.
  • Most of the country's edible meats are imported. To reduce the dependency on imports, Saudi Arabia launched a single program, the National Industrial Development and Logistics Program (NIDLP), to boost edible meat during 2020-2025. It aims to reinforce food security by establishing a regional food hub to ensure that local manufacturers meet all food needs. Specialized manufacturing clusters will be established, linking farmers, manufacturers, packaging plants, and retail companies to enable the local food processing industries of edible meat to meet 85% of the local demand for processed food products by 2030.
Type
Beef
Mutton
Other Meat
Form
Canned
Fresh / Chilled
Frozen
Processed
Distribution Channel
Off-Trade
Convenience Stores
Online Channel
Supermarkets and Hypermarkets
Others
On-Trade
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Saudi Arabia Red Meat Market Size Summary

The Saudi Arabia red meat market is experiencing a steady growth trajectory, driven by increasing consumption of mutton and beef, which dominate the market due to their affordability and availability. The market is characterized by a significant preference for slow-cooked beef, which is favored for its premium taste, and a growing demand for camel meat, which is the fastest-growing segment. The expansion of the expatriate population in Saudi Arabia has further fueled the demand for beef. To enhance local production and reduce dependency on imports, the Saudi government has initiated the National Industrial Development and Logistics Program, aiming to establish a regional food hub and boost the local food processing industry. This initiative is part of a broader strategy to achieve food security and meet the local demand for processed food products by 2030.

Despite the challenges posed by rising costs and regulatory changes, such as the implementation of value-added tax and increased customs duties, the market is witnessing efforts to boost local production through partnerships and government support. The Saudi Agricultural and Livestock Investment Co. (SALIC) has collaborated with Brazil's Minerva Foods to enhance beef production capabilities. The market remains fragmented, with key players like Americana Group, BRF S.A., Tanmiah Food Company, The Organic Meat Company Ltd, and The Savola Group holding a significant share. These companies are actively pursuing growth opportunities in Saudi Arabia and the broader Middle East, as evidenced by recent partnerships and certifications aimed at promoting ethical business practices.

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Saudi Arabia Red Meat Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Type

      1. 1.1.1 Beef

      2. 1.1.2 Mutton

      3. 1.1.3 Other Meat

    2. 1.2 Form

      1. 1.2.1 Canned

      2. 1.2.2 Fresh / Chilled

      3. 1.2.3 Frozen

      4. 1.2.4 Processed

    3. 1.3 Distribution Channel

      1. 1.3.1 Off-Trade

        1. 1.3.1.1 Convenience Stores

        2. 1.3.1.2 Online Channel

        3. 1.3.1.3 Supermarkets and Hypermarkets

        4. 1.3.1.4 Others

      2. 1.3.2 On-Trade

Saudi Arabia Red Meat Market Size FAQs

The Saudi Arabia Red Meat Market size is expected to reach USD 1.33 billion in 2024 and grow at a CAGR of 2.28% to reach USD 1.49 billion by 2029.

In 2024, the Saudi Arabia Red Meat Market size is expected to reach USD 1.33 billion.

Saudi Arabia Red Meat Market Report Snapshots

Saudi Arabia Red Meat Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029