The latest report by IMARC Group, titled “Saudi Arabia Poultry Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the Saudi Arabia poultry market share. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The Saudi Arabia poultry market size reached a value of US$ 18.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 25.6 Billion by 2032, exhibiting a CAGR of 3.78% during 2024-2032.
Saudi Arabia Poultry Market Trends:
The Saudi Arabia poultry market is experiencing substantial growth driven by the increasing demand for high-quality protein sources. This can be supported by a growing population and rising health consciousness. Government initiatives aimed at achieving self-sufficiency in poultry production and reducing dependence on imports are significantly propelling market growth.
Additionally, advancements in poultry farming technologies, including improved feed, breeding practices, and biosecurity measures, are enhancing production efficiency and output quality. Along with this, the expansion of retail channels, including supermarkets and hypermarkets, coupled with rising consumer preferences for processed and convenience poultry products, is also contributing to the market's positive outlook. Furthermore, supportive government policies and subsidies for local poultry farmers are encouraging domestic production, further enhancing market growth.
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Saudi Arabia Poultry Market Scope & Growth Analysis:
The scope of the Saudi Arabia market encompasses a wide range of products, including fresh and processed poultry meat, eggs, and various value-added products such as sausages and nuggets. Market segmentation typically includes broilers, layers, and other poultry types, each catering to specific consumer needs and preferences. The market growth analysis indicates a steady increase in demand, driven by urbanization, changing dietary habits, and the rising middle-class population.
In addition, the government's Vision 2030 initiative, focusing on food security and agricultural sustainability, is playing a crucial role in market expansion. Emerging trends, such as the adoption of organic and free-range poultry farming and the increasing use of advanced farming technologies, are creating a positive market outlook. Moreover, the Saudi Arabia poultry market is poised for significant growth, supported by technological innovations, government support, and changing consumer preferences.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Al Kabeer Group Me
- Almarai Company
- Almunajem Foods Co.
- Al-Wadi Poultry Company
- Al-Watania Poultry
- Arabian Agricultural Services Company (ARASCO)
- Balady Poultry Trading Company
- BRF Global
- Cherkizovo Group
- Saudi Radwa Food Co. Ltd.
Saudi Arabia Poultry Market Segmentation:
Breakup by Product Type:
- Broiler
- Eggs
- Others
Breakup by Nature:
- Organic
- Conventional
Breakup by Distribution Channel:
- On-Trade
- Off-Trade
Breakup by Region:
- Western Region
- Northern and Central Region
- Eastern Region
- Southern Region
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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