Saudi Arabia Red Meat Market Size

Saudi Arabia Red Meat Market Analysis

The Saudi Arabia Red Meat Market size is estimated at 1.33 billion USD in 2024, and is expected to reach 1.49 billion USD by 2029, growing at a CAGR of 2.28% during the forecast period (2024-2029).

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1.33 Billion

Market Size in 2024 (USD)

1.49 Billion

Market Size in 2029 (USD)

3.47 %

CAGR (2017-2023)

2.28 %

CAGR (2024-2029)

Largest Segment by Type

45.58 %

value share, Beef, 2023

Fresh beef products are the most consumed beef form in the region. The popularity of fresh beef is partly due to its availability at local supermarkets or butcher shops.

Largest Segment by Form

50.95 %

value share, Fresh / Chilled, 2023

Fresh meats are considered to be of higher quality. The relaxation of the lockdown allowed customers to immediately purchase freshly cut meat through an offline channel.

Fastest-growing Segment by Type

2.25 %

Projected CAGR, Mutton, 2024-2029

Mutton is an essential part of Saudi Arabian cuisine. In view of the country's rich culinary tradition, there are a number of dishes and recipes that use mutton as their main protein.

Fastest-growing Segment by Form

3.01 %

Projected CAGR, Processed, 2024-2029

The increasing popularity of ready-to-eat and ready-to-cook meat to match the fast-paced lifestyle is projected to drive the demand for processed poultry meat in the country.

Leading Market Player

4.55 %

market share, BRF S.A., 2022

BRF SA and its sub-brands have high brand equity in the market. Also, BRF constantly enhances its offering like by reducing sodium, which aids in maintaining its top position.

High consumption of meat and reduced meat prices boost market sales

Saudi Arabia Red Meat Industry Segmentation

Beef, Mutton are covered as segments by Type. Canned, Fresh / Chilled, Frozen, Processed are covered as segments by Form. Off-Trade, On-Trade are covered as segments by Distribution Channel.

• By type, the consumption of mutton and beef is high in the country, together accounting for a value share of over 85% in 2022 within the red meat market due to an increase in production and availability of mutton at lower prices (USD 2.9 per kg). Consumption is increasing as red meat has become the most affordable meat, with production rising to 143.44 thousand tonnes in 2022. As of 2021, the livestock production index for Saudi Arabia was 144.3, which is increasing gradually at a rate of 7.1% with government support.
• Among meat types, beef in Saudi Arabia is predicted to register a high-growing CAGR of 3.06% by value during the forecast period (2023-2029). Most Saudi Arabian consumers prefer slow-cooked meat like beef, which offers a premium taste. With the increase in the expat population, beef demand has also increased; almost 1/3 of the population is expat.
• The other meat types segment, especially camel meat, is projected to be the fastest-growing, with a CAGR value of 4.09% during the forecast period (2023-2029). This is due to the increased consumption of camel meat, resulting in increased domestic production, reaching over 108.7 tonnes in 2022.
• Most of the country's edible meats are imported. To reduce the dependency on imports, Saudi Arabia launched a single program, the National Industrial Development and Logistics Program (NIDLP), to boost edible meat during 2020-2025. It aims to reinforce food security by establishing a regional food hub to ensure that local manufacturers meet all food needs. Specialized manufacturing clusters will be established, linking farmers, manufacturers, packaging plants, and retail companies to enable the local food processing industries of edible meat to meet 85% of the local demand for processed food products by 2030.