Saudi Arabia Poultry Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Size in 2023: USD 18.3 Billion
Market Forecast in 2032: USD 25.6 Billion
Market Growth Rate: 3.78% (2024-2032)
The Saudi Arabia poultry market size reached a value of USD 18.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 25.6 Billion by 2032, exhibiting a CAGR of 3.78% during 2024-2032.
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Saudi Arabia Poultry Market Trends:
The Saudi Arabia poultry market is experiencing substantial growth, primarily driven by the increasing consumption of poultry as a primary source of protein. This trend is supported by the Saudi government’s initiatives under Vision 2030 to achieve food security and reduce dependence on oil revenues by promoting self-sufficiency in poultry production. Increased investments in poultry farming infrastructure, along with advanced technologies for breeding, feeding, and disease control, significantly boost production capacities.
Additionally, the rising health awareness among the Saudi population is shifting preferences towards leaner meats, which positions poultry as a preferred choice. The import restrictions on poultry due to avian influenza outbreaks in other regions have further accelerated local production efforts, bolstering market growth. Moreover, the expansion of quick-service restaurants (QSRs) and food service providers who extensively use poultry in their offerings also contribute to the growing demand within the kingdom.
Saudi Arabia Poultry Market Scope & Growth Analysis:
The scope of the market includes broilers, eggs, and processed chicken products, catering to both retail and foodservice sectors. With a growing young population and increasing disposable incomes, the demand within the retail sector is particularly strong, driving the expansion of chilled and frozen poultry products. Market growth is further underpinned by the government’s supportive policies, including subsidies and incentives for local farmers, aimed at boosting domestic production. The rise in local production capacities is strategically aligned with Saudi Arabia’s broader economic diversification plans, which include enhancing the agricultural sector’s contribution to the national economy.
Moreover, the ongoing development of supply chains and enhancement of cold storage facilities across the kingdom are crucial for sustaining market growth and meeting the rising consumer demand. This changing market landscape presents numerous opportunities for investment in poultry breeding, feed, healthcare, and processing technologies, ensuring sustained growth and profitability in the sector.
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Saudi Arabia Poultry Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Product Type:
Breakup by Nature:
Breakup by Distribution Channel:
Breakup by Region:
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Some of the key players in the market include:
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Key highlights of the Report:
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