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Saudi Arabia Meat Market

Saudi Arabia Meat Market, By Product Type (Red Meat, White Meat, Seafood); By Form (Fresh, Frozen, Processed); By Distribution Channel (Hypermarkets & Supermarkets, Food & Drinks Specialists, Convenience Stores, Cash and Carry/Warehouse Clubs, E-Retailers), Trend Analysis, Competitive Landscape & Forecast, 2019–2031

  • Published Date: December 2024
  • Report ID: BWC21177
  • Available Format: PDF
  • Page: 118

Report Overview

An increasing demand for halal meat, expanding urban areas with the growing population, and the development of cold storage and logistics infrastructure for meat distribution are expected to drive Saudi Arabia Meat Market during the forecast period between 2025 and 2031.

Saudi Arabia Meat Market – Industry Trends & Forecast Report, 2031

Saudi Arabia Meat Market size was estimated at USD 5.3 billion in 2024. During the forecast period between 2025 and 2031, Saudi Arabia Meat Market size is projected to grow at a CAGR of 7.6% reaching a value of USD 9.8 billion by 2031. Prominent drivers of the market include rapid population expansion, increasing disposable incomes, and a strong preference for diverse meat products. Health-conscious trends favoring lean meats like chicken and fish, coupled with the booming tourism industry and urbanization, are amplifying demand. The expansion of retail spaces, such as supermarkets and hypermarkets, enhances accessibility to meat products, while government initiatives promoting food security and domestic meat production further support the market. Innovations in processing and preservation, reliance on meat due to limited agricultural capacity, collaborations with global suppliers, the shift towards protein-rich diets, and the rise of online meat shopping platforms are additional factors propelling the market forward.

Saudi Arabia Meat Market

Meat – Overview

Meat, derived from animal flesh, is a key dietary component available in various forms, including beef, poultry, lamb, and seafood, each offering unique flavors, textures, and nutritional benefits. Its processing involves stages, such as slaughtering, butchering, curing, smoking, and aging. Widely used in dishes like steaks, stews, and grilled items, meat is a rich source of protein, essential amino acids, vitamins, and minerals such as iron and zinc. It supports tissue repair, strengthens the immune system, prevents iron deficiency, and promotes overall health. Additionally, meat contributes to cultural preferences, adapts to diverse cuisines, and generates significant employment opportunities.

Saudi Arabia Meat Market

Growth Drivers

Increasing Demand for Halal Meat

The increasing global and domestic demand for halal meat is significantly driving Saudi Arabia Meat Market. As part of its Vision 2030 initiative, Saudi Arabia plans to establish the world’s largest halal food and products center, enhancing its position as a global leader in the halal market. The center will be focused on ensuring imported meat and poultry products meet stringent halal requirements through robust certification processes and research. Leveraging its geographical position and Islamic heritage, the Kingdom aims to boost the credibility of its halal meat exports, foster global collaborations, and create employment opportunities for nationals. By strengthening its halal ecosystem, Saudi Arabia is well-positioned to meet the rising demand for halal meat while reinforcing its reputation as a trusted supplier of premium halal products globally.

Challenges

High Cost of Meat Production and Processing

The high cost of meat production and processing poses a significant challenge to the growth of the Saudi Arabia Meat Market. Factors such as expensive feed imports, reliance on advanced technology, and stringent halal compliance requirements drive up production costs. Additionally, the arid climate necessitates substantial investments in water and energy resources for livestock farming, further inflating expenses. These costs are often passed on to consumers, limiting affordability and demand. Moreover, the lack of local production sufficiency leads to increased reliance on imports, exacerbating expenses. Addressing these challenges is critical to fostering sustainable growth in the Saudi Arabia Meat Market.

Impact of Escalating Geopolitical Tensions on Saudi Arabia Meat Market

Escalating geopolitical tensions can significantly impact Saudi Arabia Meat Market. Political, military, economic, and trade tensions and sanctions disrupt global trade routes, leading to delays and increased costs in meat imports, on which the country heavily relies due to limited local production. Fluctuations in oil prices, a direct outcome of geopolitical instability, affect the nation's economic stability and consumer purchasing power, dampening demand for premium meat products. Moreover, diplomatic disputes can alter trade agreements, restrict market access, or impose sanctions, further complicating supply chain dynamics. Rising transportation costs and logistical challenges due to conflict zones add to the burden. To mitigate these risks, the Saudi meat market must prioritize diversifying its import sources and strengthening local production capabilities.

Saudi Arabia Meat Market

Segmental Coverage

Saudi Arabia Meat Market – By Product Type

Based on product type, Saudi Arabia Meat Market is divided into Red Meat, White Meat, and Seafood segments. The white meat holds the largest share of Saudi Arabia Meat Market by product type. In the first half of 2024, the country achieved a record-breaking 558,000 metric tons of poultry meat production, reflecting a 9% year-on-year growth. This significant expansion can be attributed to several factors, including the implementation of modern technology and stringent biosecurity measures in poultry farms. Saudi Arabia's Vision 2023, which aims for the Kingdom to become self-sufficient in poultry meat, plays a key role in these advancements. The government is also providing financial support for projects that integrate innovative production technologies to boost domestic output. With an increased focus on sustainable agriculture and food security, poultry production is expected to remain a dominant force in Saudi Meat Market. The ongoing growth in the sector not only supports the Kingdom's national food security but also strengthens its position as a leading producer of white meat in the region, contributing significantly to both economic development and job creation. Meanwhile, the seafood segment is expected to record the fastest growth rate during the forecast period. The increasing demand for seafood in Saudi Arabia is driven by its geographical advantage, with the Kingdom surrounded by the Red Sea and the Arabian Gulf. Seafood has long been a staple in the local diet, and as the younger population adopts new lifestyles, the demand for seafood has surged. Additionally, with social and economic shifts in the country, seafood consumption has grown in popularity. To support this trend, Saudi authorities are promoting the development of fisheries and aquaculture, which is expected to significantly contribute to the growth of the seafood market during the forecast period.

Saudi Arabia Meat Market Size

Saudi Arabia Meat Market – By Form

By form, Saudi Arabia Meat Market is divided into Fresh, Frozen, and Processed segments. The fresh segment holds the highest share in Saudi Arabia Meat Market by form. It is driven by consumer preference for unprocessed, high-quality meat. Fresh meat is widely regarded for its superior taste, texture, and nutritional value, aligning with traditional culinary practices in Saudi households. The demand is further supported by the increasing availability of fresh meat through improved cold storage and distribution infrastructure, ensuring consistent supply and quality. Cultural and religious practices, including the emphasis on freshly slaughtered halal meat, also play a significant role in sustaining this demand. As consumer awareness of food quality rises, the fresh segment continues to dominate the market, reflecting the prioritization of freshness and authenticity in meat consumption.

Saudi Arabia Meat Market Share

Saudi Arabia Meat Market – By Distribution Channel

Based on distribution channel, Saudi Arabia Meat Market is divided into Hypermarkets & Supermarkets, Food & Drinks Specialists, Convenience Stores, Cash and Carry/Warehouse Clubs, and E-Retailers segments.

Competitive Landscape

Major players operating in Saudi Arabia Meat Market include Halwani Bros, ARASCO FOODS, Almunajem Foods, Americana Group, BRF S.A., Mahmoud Al Nasher and Partners Co., Sunbulah Group, Tanmiah Food Company, and The Savola Group. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In November 2024 - Fam Foods, in collaboration with the Kobe Beef Association, introduced halal-certified Kobe beef to Saudi Arabia.

  • In July 2024 - Abu Dhabi-based food and beverage group Agthia, owned by ADQ, launched a USD 24.5-million meat processing facility in Jeddah, Saudi Arabia. Spanning 9,000 square meters in Jeddah’s Industrial City 1, the plant aims to produce over 9,000 tons of processed proteins annually, with exports planned for over 25 countries.

  • In January 2024 - Saudi Arabia lifted a 20-year ban on South African meat imports, enabling the export of Halaal beef and lamb products.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2031

Base Year – 2024

Estimated Year – 2025

Forecast Period – 2025–2031

Facts Covered

Revenue in USD Billion

Market Coverage

Saudi Arabia

Product/ Service Segmentation

Product Type, Form, Distribution Channel

Key Players

Halwani Bros, ARASCO FOODS, Almunajem Foods, Americana Group, BRF S.A., Mahmoud Al Nasher and Partners Co., Sunbulah Group, Tanmiah Food Company, The Savola Group

 

By Product Type

  • Red Meat

  • White Meat

  • Seafood

 By Form

  • Fresh

  • Frozen

  • Processed

By Distribution Channel

  • Hypermarkets & Supermarkets

  • Food & Drinks Specialists

  • Convenience Stores

  • Cash and Carry/Warehouse Clubs

  • E-Retailers

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Saudi Arabia Meat Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increasing demand for Halal meat
        2. Population growth and rising urbanization
        3. Expansion of cold storage and logistics infrastructure for meat distribution
      2. Restraints
        1. High cost of meat production and processing
        2. Stringent regulatory requirements for meat imports and quality standards
        3. Limited availability of arable land and water resources for livestock farming
      3. Opportunities
        1. Investments in modern meat processing technologies and facilities
        2. Expansion of organic and premium meat product
        3. Growing popularity of processed and packaged meat products
      4. Challenges
        1. Competition from imported meat products due to price and variety
        2. Ensuring sustainable livestock farming practices in an arid climate
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Saudi Arabia Meat Market: Marketing Strategies
  5. Saudi Arabia Meat Market Overview
    1. Market Size & Forecast, 2019–2031
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product Type
        1. Red Meat
        2. White Meat
        3. Seafood
      2.  By Form
        1. Fresh
        2. Frozen
        3. Processed
      3. By Distribution Channel
        1. Hypermarkets & Supermarkets
        2. Food & Drinks Specialists
        3. Convenience Stores
        4. Cash and Carry/Warehouse Clubs
        5. E-Retailers
  6. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Saudi Arabia Meat Company Market Share Analysis, 2024
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  7. Impact of Escalating Geopolitical Tensions on Saudi Arabia Meat Market
  8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Halwani Bros
    2. ARASCO FOODS
    3. Almunajem Foods
    4. Americana Group
    5. BRF S.A.
    6. Mahmoud Al Nasher and Partners Co.
    7. Sunbulah Group
    8. Tanmiah Food Company
    9. The Savola Group
    10. Other Prominent Players
  9. Key Strategic Recommendations
  10. Research Methodology
    1.       Qualitative Research
      1.   Primary & Secondary Research
    2.       Quantitative Research
    3.       Market Breakdown & Data Triangulation
      1.   Secondary Research
      2.   Primary Research
    4.       Breakdown of Primary Research Respondents
    5.       Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

 

Figure 1       Saudi Arabia Meat Segmentation

Figure 2       Saudi Arabia Meat Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2024

Figure 4       Saudi Arabia Meat Market Size, By Value (USD Billion), 2019–2031

Figure 5       Saudi Arabia Meat Market Share, By Product Type, By Value (USD Billion), 2019–2031

Figure 6       Saudi Arabia Meat Market Share, By Distribution Channel, By Value (USD Billion), 2019–2031

Table 7        Saudi Arabia Meat Market Size, By Distribution Channel, By Value (USD Billion), 2019–2031 

 

List of Tables

 

Table 1        Saudi Arabia Meat Market Size, By Value (USD Billion), 2019–2031     

Table 2        Saudi Arabia Meat Market Size, By Product Type, By Value (USD Billion), 2019–2031 

Table 3        Saudi Arabia Meat Market Size, By Distribution Channel, By Value (USD Billion), 2019–2031 

Table 4        Saudi Arabia Meat Market Size, By Distribution Channel, By Value (USD Billion), 2019–2031 

Table 5        Halwani Bros Company Overview

Table 6        Halwani Bros Financial Overview

Table 7        ARASCO FOODS Company Overview

Table 8        ARASCO FOODS Financial Overview

Table 9        Almunajem Foods Company Overview

Table 10      Almunajem Foods Financial Overview

Table 11      Americana Group Company Overview

Table 12      Americana Group Financial Overview

Table 13      BRF S.A. Company Overview

Table 14      BRF S.A. Financial Overview

Table 15      Mahmoud Al Nasher and Partners Co. Company Overview

Table 16      Mahmoud Al Nasher and Partners Co. Financial Overview

Table 17      Sunbulah Group Company Overview

Table 18      Sunbulah Group Financial Overview

Table 19      Tanmiah Food Company: Company Overview

Table 20      Tanmiah Food Company Financial Overview

Table 21      The Savola Group Company Overview

Table 22      The Savola Group Financial Overview

Market Segmentation

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
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Frequently Asked Questions (FAQs):

Ans: Saudi Arabia Meat Market size by value was estimated at USD 5.3 billion in 2024.
Ans: Saudi Arabia Meat Market is expected to grow at CAGR of 7.6% period between 2025 and 2031.
Ans: By 2031, Saudi Arabia Meat Market size is forecast to reach a value of USD 9.8 billion.
Ans: The growth of Saudi Arabia Meat Market is primarily driven by increasing demand for halal meat, population growth and rising urbanization, and expansion of cold storage and logistics infrastructure for meat distribution.
Ans: Key players in Saudi Arabia Meat Market include Halwani Bros, ARASCO FOODS, Almunajem Foods, Americana Group, BRF S.A., Mahmoud Al Nasher and Partners Co., Sunbulah Group, Tanmiah Food Company, and The Savola Group.
Ans: The seafood segment is expected to grow at the fastest CAGR in Saudi Arabia Meat Market during the forecast period between 2025 and 2031.