Saudi Arabia Poultry Market

Saudi Arabia Poultry Market Size Set to Touch USD 21.3 Billion by 2029

Published | 11 August 2023

Saudi Arabia poultry market is gaining traction because of the rising preference for a high-protein and low-fat diet and increasing preference for convenient, ready-to-eat, and ready-to-cook products.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Saudi Arabia poultry market size at USD 16.56 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Saudi Arabia poultry market size to grow at a CAGR of 4.27% reaching a value of USD 21.28 billion by 2029. The large percentage of Muslims in Saudi Arabia contributes to rising meat consumption, and the country's thriving tourist industry is directly impacting the demand for chicken products from the hospitality industry, which includes hotels and restaurants.

Saudi Arabia Poultry Market – Overview

Poultry farming is the activity of growing poultry, which are domesticated birds kept by humans to obtain animal products like meat, eggs, or feathers. Pheasants, turkeys, geese, and ducks are frequently maintained as pets or for their ability to lay eggs and provide meat. In the form of eggs, meat, and feathers, poultry gives people food and fiber. In addition to being high in protein, chicken flesh serves as a good source of B-complex vitamins, phosphorus, and other minerals.

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Saudi Arabia Poultry Market

Segmental Information

Saudi Arabia Poultry Market – By Product Type

Based on product type, the Saudi Arabia poultry market is segmented into raw, chilled, and frozen. Raw products hold the largest share of the Saudi Arabia poultry market owing to their easy availability in local butcher shops and poultry farms. The consumption of fresh chicken meat offers various health benefits, including heart health, bone strength, and weight loss, which play a crucial role in propelling its market growth. Frozen products are expected to register a high CAGR during the forecast period as a result of the increasing working population.

Impact of COVID-19 on Saudi Arabia Poultry Market

The COVID-19 pandemic had a detrimental effect on many economic sectors, especially the poultry industry. According to an article published by the National Center for Biotechnology Information, there had been speculations concerning the possible role of eggs and chicken meat in the spread of COVID-19, which caused a sharp decline in the nation's demand for poultry products. Furthermore, due to the viral outbreak's catastrophic effects on the import and export of poultry products as well as the labor scarcity brought on by low wages and a high danger of cross-contamination, the Saudi Arabia poultry market was adversely affected.

Competitive Landscape

Major players operating in the Saudi Arabia poultry market include Al Watania Poultry, Almarai Company Limited, Saudi Radwa Food Company Ltd., Al Kabeer Group Me, Balady Poultry Trading Company, Sunbulah Group, Arabian Farms Development Company Ltd., Americana Group Inc., Tanmiah Food Company, and Almunajem Foods Co.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in the Saudi Arabia Poultry Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Saudi Arabia Poultry Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Saudi Arabia Poultry Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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