The Red Meat Market in Saudi Arabia is being driven by Rising urbanization in Saudi Arabia
The Red Meat Market in Saudi Arabia is expected to grow at a CAGR of 4.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1207.2 million. In the Saudi Arabian red meat market, the preference for halal-certified products is a significant market driver, given the country's predominantly Muslim population. Halal certification is a crucial trust-building factor, ensuring that meat products conform to Islamic principles and are prepared according to specific guidelines. Transparency in the supply chain through traceability is another essential factor that consumers prioritize. Traceability involves tracking the meat's journey from its origin to the consumer, instilling confidence by providing information on the meat's source, processing methods, and market journey. Thus, red meat providers in Saudi Arabia must prioritize both halal certification and traceability to cater to the market's demands and maintain consumer trust.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
157 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.1% |
Market growth 2025-2029 |
USD 1207.2 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
3.5 |
Key countries |
Saudi Arabia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Red Meat Market in Saudi Arabia encompasses various sectors including animal husbandry and livestock breeding. The production process involves feed additives and results in various meat cuts, prime cuts, and by-products like meat rendering, bone broth, juices, extracts, seasonings, and marinades. Meat is prepared through methods like grilling, roasting, smoking, curing, preservation, and storage. Challenges include meat spoilage, contamination, and ensuring meat quality control, traceability, certification, and adherence to religious dietary laws (halal and kosher). Meat allergies and intolerances, health, and nutrition are also significant considerations.
The Red Meat Market in Saudi Arabia is a significant segment of the global packaged foods and meats market. This market encompasses businesses engaged in meat processing, including meatpacking plants, cold storage facilities, meat grading, meat inspection, and food safety standards adherence. Vendors in this sector contribute to the market size through their revenues, as calculated by Technavio. Excluded from this market are food processing equipment manufacturers and producers of packaged alcoholic and non-alcoholic beverages. The growth of the global packaged foods and meats market, including the Red Meat Market in Saudi Arabia, will be propelled by the health benefits linked to the consumption of minimally processed foods. These benefits include the presence of essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C in minimally processed meat products.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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