Saudi Arabia Processed Meat Market Size
Renub Research forecasts that the Saudi Arabia Processed Meat Market will hit US$ 7.11 Billion through 2030, with a projected CAGR of 5.49% from 2024 to 2030. In 2023, the market stood at US$ 4.89 Billion.
In Saudi Arabia, processed meat blends conventional flavors with current comfort, catering to the bustling urban life-style. The demand for processed meat is driven by the need for quick and convenient food alternatives, reflecting evolving culinary possibilities and life amongst Saudi consumers.
The Saudi Arabian processed meat market prospers on excessive meat consumption and reduced expenses, reflecting cultural dietary possibilities. Lower expenses result from production performance and market competition, making processed meat on hand. This combo of demand and affordability drives market growth, aligning culinary traditions with economic factors. Curing and smoking play key roles in extending shelf life and improving flavors. These methods enable numerous product services like sausages and deli meats, providing customers with alternatives. Key players consist of Nashar Meat Food Factory and Sunbulah Group, known for their greatness and adherence to Islamic principles. Government projects assist food self-sufficiency by offering incentives to cattle farmers and enforcing strict regulations thru the Saudi Food and Drug Authority (SFDA) to ensure safety and transparency. Investments in bloodless chain infrastructure enhance meat distribution capabilities, benefiting both clean and processed meat sectors. Overall, the processed meat market in Saudi Arabia is buoyed by cultural choices, economic dynamics, and regulatory measures, fostering growth and development.
Saudi Arabia Processed Meat Market Segment Analysis
Frozen products offer comfort with extended shelf life, perfect for modern existence, particularly in warm climates. Urban dwellers, with busy schedules, decide on ready-to-prepare frozen processed meats, reflecting changing nutritional behavior. The varied frozen selection, which includes burgers, nuggets, and sausages, drives a tremendous boom in Saudi Arabia's dynamic processed meat marketplace. In 2022, Seara, a famed Brazilian meal logo under JBS, expands its reach to Saudi Arabia, supplying a complete halal portfolio of one hundred twenty frozen food objects. Siwar Food launches a brand-new line of frozen meals and desserts, to be had online, in retail stores, and through "Chef in a Box" merchandising machines across Riyadh.
Hypermarkets and supermarkets are poised to dominate the Saudi Arabian processed meat market, leveraging their big presence and numerous product services. These retail giants offer handy one-stop buying reviews, considerable distribution networks, competitive pricing, and promotional techniques, attracting a broad buyer base.
Key Players in the Saudi Arabia Processed Meat Market
The Saudi Arabian processed meat market includes Almarai Company, Al Islami Foods, Almasa Diamond Meat Processing LLC, Al Munajem Cold Stores Company, Al-Watania Poultry, The Savola Group, and Sunbulah Group, amongst its key players.
By Meat Type
- Poultry
- Beef
- Pork
- Others
By Processed Type
- Frozen
- Chilled
- Canned
By Distribution Channel
- Hypermarkets and Supermarket
- Convenience Stores
- Online Retail Stores
- Others
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
- Almarai Company
- Al Islami Foods
- Almasa Diamond Meat Processing LLC
- Al Munajem Cold Stores Company
- Al-Watania Poultry
- The Savola Group
- Sunbulah Group