Saudi Arabia Poultry Feed Market Set for Strong Growth, Expected to Reach USD 1,858.4 Million by 2028 | Infinium Global Research

The Saudi Arabia poultry feed market is poised for significant expansion, having been valued at USD 1,244.4 million in 2021, and is projected to soar to USD 1,858.4 million by 2028. This robust growth is anticipated to occur at a steady Compound Annual Growth Rate (CAGR) of 6.02% during the forecast period, driven by key factors in the region.

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Poultry Meat Consumption and Demand Surge

Poultry is a staple in the Saudi Arabian diet, with chicken being a daily dietary choice for many. Notably, the demand for poultry meat in Saudi Arabia spikes during the annual Haj Pilgrimage season when millions of pilgrims visit the country. As a result, the country's poultry meat production has reached remarkable levels, with Saudi Arabia currently producing 60% of its poultry meat domestically. Encouraged by this success, the Saudi government has ambitious plans to increase domestic poultry meat production from 60% to 85% by 2025, thereby stimulating market growth. The government is making substantial investments in the poultry sector, which significantly contributes to the market's expansion. However, reliance on imported essential ingredients poses potential supply chain challenges.

Rising Poultry Meat Production During Haj Pilgrimage

The Haj Pilgrimage season witnesses a substantial surge in demand for poultry meat, driven by the influx of approximately 2 million pilgrims who travel to Saudi Arabia each year. The recent announcement by the government of Saudi Arabia to allow 1 million Haj pilgrims in 2022 is expected to further boost the demand for poultry meat in the country. Consequently, this upsurge in poultry meat demand is likely to lead to a corresponding increase in the demand for poultry feed, presenting promising growth prospects for the market.

Government-Led Initiatives Fuel Domestic Poultry Production

Saudi Arabia's commitment to raising domestic poultry meat production is evident through government support and investment. The government is actively addressing obstacles related to land acquisition for poultry production, providing financial assistance for machinery and equipment purchase, and reforming subsidies for livestock, poultry, and feed. Additionally, the Saudi Food and Drug Authority's ban on poultry meat imports from 11 major Brazilian facilities has led to a reduction in chicken meat imports from 617,930 metric tons in 2020 to 520,000 metric tons in 2021, marking a 16% decrease. Furthermore, the government announced plans to invest approximately USD 4.5 billion in the poultry sector in July 2022, with the goal of boosting poultry meat production in Saudi Arabia and increasing domestic production to 85% by 2025. This strategic investment aims to elevate broiler meat production to 1.3 million tons annually, reinforcing the government's commitment to the sector.

Challenges: Dependency on Imported Ingredients

Saudi Arabia's climatic and topographic conditions limit the large-scale cultivation of essential ingredients such as barley and corn, critical components of poultry feed. The country's minimal annual rainfall of less than 150 mm and limited arable land availability (1.6% of total land in 2020, as per the World Bank) make it challenging to cultivate these vital ingredients domestically. Consequently, Saudi Arabia relies heavily on imports, with 2,456,038 metric tons of barley and 3,016,142 metric tons of corn imported between October 2020 and September 2021. The heavy dependence on imports of key ingredients raises poultry feed production costs and leaves the market vulnerable to supply chain disruptions, posing a significant challenge.

Opportunities: Local Manufacturer Participation

The Saudi Arabia poultry feed market is witnessing the active participation of local manufacturers, buoyed by government efforts to boost domestic poultry meat production. The entrance of new local players, supported by government investment plans in the poultry sector, is expected to increase poultry feed production in the country. These new entrants are likely to adopt innovative production techniques to optimize the use of imported raw materials, potentially leading to reduced feed prices, enhancing affordability for consumers. Consequently, the growing involvement of local manufacturers is anticipated to create numerous growth opportunities within the market.

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Table of Content

Chapter 1. Report Overview

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

Chapter 3. Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.2.4. Challenges

3.3. PEST-Analysis

3.4. Porter's Diamond Model for Saudi Arabia Poultry Feed Market

3.5. IGR-Growth Matrix Analysis

3.6. Competitive Landscape in Saudi Arabia Poultry Feed Market

Chapter 4. Saudi Arabia Poultry Feed Market by Animal

4.1. Layers

4.2. Broilers

4.3. Turkeys

Chapter 5. Saudi Arabia Poultry Feed Market by Additives

5.1. Antibiotics

5.2. Vitamins

5.3. Amino Acid

5.4. Feed Enzymes

5.5. Feed Acidifiers

Chapter 6. Company Profiles

6.1 ARASCO

6.1.1 Company Overview

6.1.2 Company Snapshot

6.1.3 Product Portfolio

6.2 Aimco. Sa

6.2.1 Company Overview

6.2.2 Company Snapshot

6.2.3 Product Portfolio

6.3 al-robaie

6.3.1 Company Overview

6.3.2 Company Snapshot

6.3.3 Product Portfolio

6.4 BASF SE

6.4.1 Company Overview

6.4.2 Company Snapshot

6.4.3 Product Portfolio

6.5 Tanmiah Food Company (Desert Hills for Veterinary Services Co. Ltd.)

6.5.1 Company Overview

6.5.2 Company Snapshot

6.5.3 Product Portfolio

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Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of Saudi Arabia Poultry Feed.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2028.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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