Market Size of Saudi Arabia Goat Meat and Cheese Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.72 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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KSA Goat Meat and Cheese Market Analysis
The Saudi Arabia goat meat and cheese market is projected to grow with a CAGR of 5.72% during the forecast period (2020 - 2025).
- The market is primarily driven by the rising health-consciousness of consumers who actively seek protein-rich food products. Moreover, factors, such as the increasing number of government-run health and wellness campaigns, designed to combat obesity and related problems (diabetes, high blood pressure, heart disease, and high cholesterol), are encouraging consumers to purchase healthier products. This is directly fueling the goat cheese market in Saudi Arabia.
- According to a research article, 72.4% of Saudi Arabian people over the age of 40 years suffer from obesity. Moreover, 35.4% of the total population in the country is obese (44% women and 26.4% men). Thus, most consumers are in search of healthy, natural, or organic food options.
- Further, goat cheese is great for digestion and contains fewer calories, as compared to bovine cheese. In addition, it also contains vitamins, especially vitamins A, B1, B2, and B3, calcium, phosphorous, and proteins. This health factor is driving the market demand for goat cheese. The demand is expected to further increase during the forecast period.
KSA Goat Meat and Cheese Industry Segmentation
The Saudi Arabia Saudi Arabia goat meat and cheese market is segmented by type and by distribution channel. By type, the market is segmented into goat meat, and goat cheese, where goat meat can be further bifurcated into fresh, chilled, and frozen; and the goat cheese can be further bifurcated into log/roll, crumbled, and chunk. By distribution channel, the market is segmented into on-trade and off-trade channels. The off-trade channel is further bifurcated into hypermarkets/supermarkets, specialty stores, online retail stores, and other distribution channels.
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Saudi Arabia Goat Meat and Cheese Market Size Summary
The Saudi Arabia goat meat and cheese market is experiencing growth driven by increasing consumer health consciousness and a demand for protein-rich food products. Government initiatives aimed at promoting health and wellness are encouraging the consumption of healthier options, which is boosting the goat cheese segment. Goat cheese is favored for its digestive benefits and lower calorie content compared to bovine cheese, along with its rich nutrient profile, including essential vitamins and minerals. This has led to a rising demand for goat cheese, particularly among consumers seeking natural and organic food choices to combat obesity and related health issues prevalent in the country.
The market is characterized by a significant demand for goat meat, which Saudi Arabia meets through imports, necessitating trade agreements with major goat meat-producing countries. The market is fragmented, with numerous regional and domestic players engaging in mergers, expansions, and partnerships to enhance their market presence. Key industry players include Lactalis American Group Inc., Delamere Dairy, Almarai Company, and Saputo Cheese USA Inc. The focus on developing new products and strategic collaborations is expected to further drive market growth, as these companies aim to cater to the evolving consumer preferences and health trends in Saudi Arabia.
Saudi Arabia Goat Meat and Cheese Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Goat Meat
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2.1.1.1 Fresh
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2.1.1.2 Chilled
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2.1.1.3 Frozen
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2.1.2 Goat Cheese
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2.1.2.1 Log/Roll
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2.1.2.2 Crumbled
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2.1.2.3 Chunk
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2.2 By Distribution Channel
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2.2.1 On-Trade
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2.2.2 Off-Trade
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2.2.2.1 Hypermarkets/Supermarkets
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2.2.2.2 Specialty Stores
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2.2.2.3 Online Retail Stores
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2.2.2.4 Other Distribution Channels
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Saudi Arabia Goat Meat and Cheese Market Size FAQs
What is the current Saudi Arabia Goat Meat and Cheese Market size?
The Saudi Arabia Goat Meat and Cheese Market is projected to register a CAGR of 5.72% during the forecast period (2024-2029)
Who are the key players in Saudi Arabia Goat Meat and Cheese Market?
Lactalis American Group, Inc., Delamere Dairy, Almarai, Saputo Cheese USA Inc. and Al-Kabeer Group are the major companies operating in the Saudi Arabia Goat Meat and Cheese Market.
