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Middle East Sheep Meat Market to Grow at a Healthy Pace During 2021-2026, Supported by the Growth of Global Sheep Meat Market

According to a new report by EMR titled, ‘Middle East Sheep Meat Market Report and Forecast 2021-2026’, the market is supported by the global sheep meat market, which attained a volume of about 15619.58 CWE tons in 2020, and is further expected to grow at a CAGR of 1.8% in the forecast period of 2021-2026, to reach a volume of about 17076.87 CWE tons by 2026.

The increasing demand for sheep meat products due to their numerous health benefits is aiding the market growth of sheep meat in the Middle East. The rising popularity of processed food owing to the hectic lifestyles of the urban population is expected to propel the market growth. Moreover, the increasing import of meat from countries such as Australia ensures the product quality and taste, further boosting the market growth. The increasing focus on healthy snacking and the soaring demand for gummy products are also augmenting the market growth. The market is further anticipated to witness robust growth due to the increasing internet and smartphone penetration all around the Middle East, consequently booming the online retail and food delivery sectors. The presence of nomadic tribes in various regions that rely on occupations such as animal husbandry is further invigorating the market growth by increasing domestic production.

High competition among the key players of the market is also aiding the market growth. Some of the leading companies of the sheep meat industry are Beyond Meat Inc. (NASDAQ: BYND) and Golden Meat Company Ltd. The latter offers free product delivery while ensuring the quality of the product. The demand for organic and authentic food products has significantly increased in the past few years. As the lambs are raised on large, open spaces where they can easily graze on natural grass, they are never offered antibiotics, growth hormones, or artificial food additives to ensure good quality, flavour, and taste. The increasing production of organic sheep meat by the leading companies is expected to propel the market growth in the forecast period.

Market Analysis by Type, Product, Offering, End Use, Distribution Channel, and Region:

  • The market, on the basis of type, can be divided into organic and conventional.
  • On the basis of products, the market is divided into fresh, frozen, and processed.
  • Based on the offerings, the industry can be divided into neck, shoulder, rib, breast, leg, and foreshank, among others.
  • The end use for sheep meat industry include food service and retail.
  • The major distribution channels for sheep meat are online and offline.
  • The regional markets for Middle East sheep meat include Saudi Arabia, United Arab Emirates, Israel, Turkey, and Iran, among others.

Key Findings of the Report:

  • The rising disposable income due to urbanisation is aiding the market growth of the sheep meat industry in the Middle East.
  • The increasing millennials and the emergence of expat population are leading to the rising demand for ready-to-eat and convenience foods, which is further propelling the industry growth.
  • The surging health consciousness and the rising awareness about the benefits of sheep meat are catalysing the industry growth. 
  • The rise of smartphones and internet penetration and the consequent growth of e-commerce and food delivery platforms are boosting the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the Middle East sheep meat market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, products, offerings, end uses, distribution channels, and regions of sheep meat.
  • The market report also analyses the trade data by covering the major importing and exporting countries. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the Middle East market for sheep meat are Alin Meats Co., Golden Meat Company Ltd., and Meat Hub, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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