Saudi Arabia Poultry Market to Witness Steady Growth till 2026
Strong economic growth and the growing
food requirements is expected to drive the demand for Saudi Arabia Poultry market
in the forecast period.
According to TechSci Research report, “Saudi
Arabia Poultry Market By Type (Broiler, Eggs, Others) By Product Type
(Raw, Chilled, Frozen) By Nature (Organic, Conventional) By Distribution
Channel (Supermarkets/Hypermarkets, Traditional Stores, Specialized Stores,
Online, Others), By region, Company Forecast & Opportunities, 2026”, The Saudi Arabia
Poultry market is expected to witness steady growth in the forecast period. The
rapid urbanization of the people to live in better conditions and search for
employment opportunities is contributing to the growth of the poultry market
and enhancing the demand for processed and unprocessed chicken and eggs. Support of the leading authorities for the
development of the poultry market in form of relaxation in income tax, direct
subsidies for select food items, interest-free loans, and duty-free imports of
raw materials. The leading authorities are providing support to the local
manufacturers and taking significant measures to reduce the mortality rate of
the bird. An increase in the preference of the consumers for low-fat and high-protein-containing
food items is fostering the growing demand of the market. The development of
the trade channel and the technological advancements to keep the freshness of
the food items and aid in increasing the shelf life of the edible animal food
items is fostering the growth of the poultry market. The increase in the demand
for frozen and chilled food items is influencing the demand for poultry-based
products in the region. The high demand for the consumption of poultry-based
products and the unavailability of quality animal-based edible items in the
country and the need to import the animal-based food items are creating
lucrative opportunities for the growth of the poultry market. The Saudi
government is making heavy investments for the infrastructural development of
the country in order to develop the retail and hospitality sector in the
country. Under the Saudi Vision 2030, the development of the tourism industry
to attract more tourists to the country for religious and other purposes, the
government is aiming to develop the poultry sector to meet the growing food
requirements.
The COVID-19 outbreak across the world which has
been declared as a pandemic by World Health Organization has affected several
countries adversely. Leading authorities of Saudi Arabia imposed lockdown
restrictions and released a set of precautionary measures to contain the spread
of novel coronavirus. The coronavirus pandemic hit the economic status of the
country which negatively impacted the growth of the industry. Disruption in the
supply chain was observed which adversely affected the supply of raw materials
around the country.
However, the growing cost of the poultry feeds
and strict quality checks and norms may hamper the Saudi Arabia Poultry market
growth in the forecast period.
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TOC on "Saudi Arabia Poultry Market”.
Saudi Arabia Poultry market is segmented into type, product
type, nature, distribution channel, regional distribution, and company. Based
on the type, the market can be divided into broiler, eggs, and others. The
broiler segment is expected to witness growth in the next five years,
2022-2026. The rise in the demand for whole chicken and its parts and the
increasing affordability of the consumers is fostering the growth of this
segment. The Hajj pilgrimage attracts a lot of tourists in the country which is
expected to fuel the demand and rapid development of the catering service
market. The rise in the development of
the construction industry and the liability of the company to provide three
meals a day is contributing to the growth of the poultry market as the normal
diet in Saudi Arabia includes the portion of animal meat or products.
Almarai Saudi Arabia, Al-Watania Poultry Company, Al-Fakeih
Poultry, Al-Berri United Food Co. Ltd, Alwadi Poultry Farms Ltd, Co., Arabian
Agricultural Services Company, Arabian Farms Dev.Co.Ltd., Alsalamah
Almotatawera Co, BRF S.A, Bayle S.A., Cargill Incorporated, Cherkizovo Group are
the leading players operating in Saudi Arabia Poultry market. Manufacturers are
increasingly focusing on research and development process to fuel higher growth
in the market. To meet evolving customer demand with respect to better
efficiency and durability, several Poultry manufacturers are coming up with
their technologically advanced offerings.
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“Development
of the online commerce channels to improve the reach of products and brand
image, the market players are investing huge amounts. The offering of
attractive discounts and the facility for home delivery and online payment
gateways ate contributing to the growth of the market. The market players are
adopting advanced technologies such as 3-D imaging systems to determine the way
for optimal cuts and minimize the per-unit cost for poultry processing. The use
of latest technologies and the development of efficient distribution channels
is expected to propel the growth of the Poultry market till 2026” said Mr.
Karan Chechi, Research Director with TechSci Research, a global research-based management
consulting firm.
“Saudi Arabia
Poultry Market By Type (Broiler, Eggs, Others) By Product Type (Raw, Chilled,
Frozen) By Nature (Organic, Conventional) By Distribution Channel
(Supermarkets/Hypermarkets, Traditional Stores, Specialized Stores, Online,
Others), By region, Company Forecast & Opportunities, 2026” has evaluated the
future growth potential of Saudi Arabia Poultry market and provided statistics
& information on market size, shares, structure and future market growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in the of Saudi Arabia Poultry market.
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