Saudi Arabia Beef Market (2023-2029) | Trends, Analysis, Companies, Revenue, Forecast, Size, Industry, Growth, COVID-19 IMPACT, Share & Value

Topics Covered in Saudi Arabia Beef Market Report

Saudi Arabia Beef Market Report thoroughly covers the market by beef cut and by beef slaughter. The outlook report provides an unbiased and detailed analysis of the ongoing Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Saudi Arabia Beef Market Synopsis

Saudi Arabia Beef Market is expected to grow in the forecast period on the account of combination of various factors such as population growth, changing dietary preferences, and growing urbanization. The consumption of beef has been on the rise due to its popularity as a source of protein and essential nutrients. The market comprises various segments, from fresh and frozen beef products to processed beef items. The domestic production contributes to the development of the market but the country also relies heavily on imports to meet the growing demand for beef.

According to 6Wresearch, Saudi Arabia Beef Market size is expected to grow during 2023-2029.The Saudi Arabia beef market is experiencing growth due to changing dietary preferences, urbanization, and increasing purchasing power. As the Saudi population becomes more affluent, there is a noticeable shift in dietary habits, with a growing demand for protein-rich foods like beef. The contemporary retail landscape and the rise of food service outlets have made beef more accessible to consumers. Furthermore, the government`s efforts to endorse self-sufficiency in food production and reduce reliance on imports are likely to stimulate domestic beef production, contributing to the overall growth of the market.  There are certain challenges that exist in the Beef Market in Saudi Arabia. The dependence on imports to meet the growing demand for beef has led to fluctuations in international prices and supply disruptions. The maintenance of high-quality standards in the production and distribution of beef products is crucial to meet the expectations of the consumers and regulatory requirements. Ensuring food safety and hygiene standards throughout the supply chain poses a challenge, especially with the need to balance increased demand with strict quality control measures.

COVID-19 Impact on the Market

The COVID-19 pandemic had varying effects on the Saudi Arabia Beef Industry. Disruptions in supply chains, including imports, led to temporary shortages and price fluctuations. The closure of food service establishments and reduced consumer spending impacted demand. The market experienced shifts as home cooking gained prominence and health concerns influenced meat consumption patterns. Additionally, the closure of restaurants and reduced dining out had a direct effect on the food service sector, which traditionally accounts for a significant portion of beef consumption. Despite these challenges, the pandemic also spurred an increase in home cooking and online grocery shopping, leading to a surge in demand for packaged and frozen beef products. As the situation improved, the beef market adapted to evolving consumer preferences and supply chain challenges.

Government Initiatives for the Market

The Saudi Arabian government has undertaken various initiatives to support and regulate the beef market f. These initiatives aim to enhance the quality and safety of beef products, promote self-sufficiency in the production of meat, and maintain price stability in the market and this factor will majorly contribute to Saudi Arabia Beef Market Growth. The government has majorly invested in modernizing the livestock and meat processing sector, with a focus on improving breeding practices and enhancing the overall quality of domestically produced beef. There are various regulatory bodies that oversee food safety and hygiene standards to safeguard the health of the consumers. There are Import regulations to ensure that imported beef products meet Saudi Arabia's stringent quality standards.

Key players of the Market

In the Saudi Arabia beef market, key players include prominent domestic and international suppliers. Leading to a rise in  Saudi Arabia Beef Market Share. Domestic players like Almarai, Almunajem, and Sadafco are significant contributors, engaged in meat processing, distribution, and offering a variety of beef products to cater to local consumer preferences. These companies have established a strong presence in the Saudi Arabian food industry. Additionally, international suppliers from countries such as Australia, the United States, Brazil, and India play a pivotal role in meeting the country's beef demand by providing a diverse range of high-quality beef products. These key players collectively shape the Saudi Arabia beef market, ensuring a consistent supply of beef products to meet the growing consumer demand in the country.

Market By Beef Cut

On the basis of beef cut the market is segmented into Brisket, Shank, Loin, and Others. The loin segment of beef is famous in Saudi Arabia and is expected to dominate the market.. Loin cuts are popularly known for their tenderness and widely used for grilling and roasting.

Market By Beef Slaughter

According to Dhaval, Research Manager, 6Wresearch, Halal beef is the dominant and preferred choice in Saudi Arabia due to the country's predominantly Muslim population. The Halal certification ensures that beef adheres to Islamic dietary laws and is slaughtered in accordance with religious requirements, making it a staple in the Saudi diet.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Saudi Arabia Beef Market Outlook
• Market Size of Saudi Arabia Beef Market, 2022
• Forecast of Saudi Arabia Beef Market, 2029
• Historical Data and Forecast of Saudi Arabia Beef Revenues & Volume for the Period 2019 - 2029
• Saudi Arabia Beef Market Trend Evolution
• Saudi Arabia Beef Market Drivers and Challenges
• Saudi Arabia Beef Price Trends
• Saudi Arabia Beef Porter's Five Forces
• Saudi Arabia Beef Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Beef Market Revenues & Volume By Beef Cut for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Beef Market Revenues & Volume By Brisket for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Beef Market Revenues & Volume By Shank for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Beef Market Revenues & Volume By Loin for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Beef Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Beef Market Revenues & Volume By Beef Slaughter Method for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Beef Market Revenues & Volume By Kosher for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Beef Market Revenues & Volume By Halal for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Beef Market Revenues & Volume By Others for the Period 2019 - 2029
• Saudi Arabia Beef Import Export Trade Statistics
• Market Opportunity Assessment By Beef Cut
• Market Opportunity Assessment By Beef Slaughter Method
• Saudi Arabia Beef Top Companies Market Share
• Saudi Arabia Beef Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Beef Company Profiles
• Saudi Arabia Beef Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments

By Beef Cut

• Brisket
• Shank
• Loin
• Others

By Beef Slaughter

• Kosher
• Halal
• Others