Saudi Arabia Poultry Market Size Worth USD 18.3 Billion by 2032 | CAGR 3.78%

The Saudi Arabia poultry market is experiencing rapid growth, driven by increasing urbanization, rising disposable incomes, and a growing preference for poultry products.
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:

* Broiler
* Eggs
* Others

Breakup by Nature:

* Organic
* Conventional

Breakup by Distribution Channel:

* On-Trade
* Off-Trade

Breakup by Region:

* Western Region
* Northern and Central Region
* Eastern Region
* Southern 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:

* Al Kabeer Group Me
* Almarai Company
* Almunajem Foods Co.
* Al-Wadi Poultry Company
* Al-Watania Poultry
* Arabian Agricultural Services Company (ARASCO)
* Balady Poultry Trading Company
* BRF Global
* Cherkizovo Group
* Saudi Radwa Food Co. Ltd.

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Key highlights of the Report:

* Market Performance (2018-2023)
* Market Outlook (2024-2032)
* COVID-19 Impact on the Market
* Porter's Five Forces Analysis
* Strategic Recommendations
* Historical, Current and Future Market Trends
* Market Drivers and Success Factors
* SWOT Analysis
* Structure of the Market
* Value Chain Analysis
* Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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