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The Saudi Arabia red meat market size reached approximately USD 5.88 billion in 2023. The market is projected to grow at a CAGR of 2.9% between 2024 and 2032, reaching a value of around USD 7.65 billion by 2032.
Red meat refers to the flesh of mammals, typically dark red in colour when raw, such as beef, pork, lamb, and veal. This type of meat contains higher levels of myoglobin, a protein that stores oxygen in muscle cells, giving it the red hue. Red meat is rich in essential nutrients like protein, iron, zinc, and B vitamins, making it a significant part of many diets worldwide.
However, excessive consumption of red meat has been associated with certain health risks, including an increased risk of heart disease and certain cancers, prompting recommendations for moderation in intake within a balanced diet.
Based on type, the market can be segmented into beef, mutton, and pork, among others. The market categorisation, based on form, includes fresh, frozen, and processed. The major distribution channels for red meat are supermarkets and hypermarkets, convenience stores, speciality stores, and online, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Saudi Arabia red meat market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
According to the Saudi Arabia red meat market analysis, fresh meat has traditionally been the most consumed form in the country, particularly among those who prefer to buy meat from local butchers or markets. However, there has been a growing demand for frozen and processed meat products due to lifestyle changes, urbanisation, and increased exposure to international cuisines.
Frozen meat has gained popularity among consumers seeking convenience and longer shelf life. It is often favoured for its ability to be stored for extended periods without compromising on quality.
Supermarkets and hypermarkets play a pivotal role in enhancing consumers’ access to a range of meat products, bolstering the Saudi Arabia red meat market share. These retail outlets enhance product availability while utilising effective marketing strategies to target potential customers. By offering a diverse selection of cuts, including fresh, frozen, and processed options, supermarkets and hypermarkets cater to the varying preferences of consumers, enhancing convenience in purchasing.
Supermarkets and hypermarkets conduct promotional campaigns and marketing initiatives to highlight the benefits of red meat consumption. Special offers, discounts, and promotions on red meat products often attract consumers, stimulating increased sales.
Al Kabeer Group ME stands as a key player within the food sector, specialising in frozen food and meat production. Its operations span across the Middle East, presenting an extensive array of frozen meat selections encompassing poultry, beef, and seafood. Complementing these offerings are an assortment of ready-to-eat meals and snacks. Notably, the company places a steadfast emphasis on product quality, employing cutting-edge freezing methodologies to preserve freshness.
Halwani Brothers Company is a well-established food production company based in Saudi Arabia. It specialises in various food categories, including processed meats, canned goods, and food ingredients. The company is renowned for its quality processed meats and a wide array of canned products. Halwani Brothers has a legacy of providing consumers with diverse and convenient food choices.
Forsan Foods & Consumer Products Company Ltd. is recognised for its contribution to the food sector in Saudi Arabia. The company specialises in producing a range of food products, including frozen and processed meats, ready-to-eat meals, and snacks. Forsan Foods places an emphasis on high-quality ingredients and modern production techniques to deliver products that align with consumer preferences for convenience and taste.
Other key players in the Saudi Arabia red meat market are Tanmiah Food Company, Americana Foods Inc., Zamil Food, Wafrah For Industry & Development Company SJSC, Nashar Trading Company (MR BUTCHER), Golden Meat International Company, and Sunbulah Group, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Form |
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Breakup by Distribution Channel |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Middle East and Africa Red Meat Market Overview
8.1 Key Industry Highlights
8.2 Middle East and Africa Red Meat Historical Market (2018-2023)
8.3 Middle East and Africa Red Meat Market Forecast (2024-2032)
8.4 Middle East and Africa Red Meat Market breakup by Country
8.4.1 Saudi Arabia
8.4.2 United Arab Emirates
8.4.3 Nigeria
8.4.4 South Africa
8.4.5 Others
9 Saudi Arabia Red Meat Market Overview
9.1 Key Industry Highlights
9.2 Saudi Arabia Red Meat Historical Market (2018-2023)
9.3 Saudi Arabia Red Meat Market Forecast (2024-2032)
10 Saudi Arabia Red Meat Market by Type
10.1 Beef
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Mutton
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Pork
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Saudi Arabia Red Meat Market by Form
11.1 Fresh
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Frozen
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Processed
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Saudi Arabia Red Meat Market by Distribution Channel
12.1 Supermarkets and Hypermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Convenience Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Speciality Stores
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Online
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Al Kabeer Group ME
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Halwani Brothers Company
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Forsan Foods & Consumer Products Company Ltd.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Tanmiah Food Company
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Americana Foods Inc.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Zamil Food
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Wafrah For Industry & Development Company SJSC
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Nashar Trading Company (MR BUTCHER)
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Golden Meat International Company
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Sunbulah Group
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Middle East and Africa Red Meat Market: Key Industry Highlights, 2018 and 2032
2. Saudi Arabia Red Meat Market: Key Industry Highlights, 2018 and 2032
3. Saudi Arabia Red Meat Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Saudi Arabia Red Meat Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Saudi Arabia Red Meat Historical Market: Breakup by Form (USD Billion), 2018-2023
6. Saudi Arabia Red Meat Market Forecast: Breakup by Form (USD Billion), 2024-2032
7. Saudi Arabia Red Meat Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. Saudi Arabia Red Meat Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. Saudi Arabia Red Meat Market Structure
In 2023, the market reached an approximate value of USD 5.88 billion.
The market is projected to grow at a CAGR of 2.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 7.65 billion by 2032.
The market is driven by the increasing food demands, local culture, and dietary choices of the population.
The increasing efforts of the government to develop local production hubs and the growing emphasis on product diversification are expected to propel the growth of the market.
The major types are beef, mutton, and pork, among others.
The different distribution channels are supermarkets and hypermarkets, convenience stores, speciality stores, and online, among others.
The key players in the market include Al Kabeer Group ME, Halwani Brothers Company, Forsan Foods & Consumer Products Company Ltd., Tanmiah Food Company, Americana Foods Inc., Zamil Food, Wafrah For Industry & Development Company SJSC, Nashar Trading Company (MR BUTCHER), Golden Meat International Company, and Sunbulah Group, among others.
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