Top Growth Opportunities: Meat in Saudi Arabia

2017-05-30
Price :
Published : May-2017
No. of Pages : 95

Top Growth Opportunities: Meat in Saudi Arabia

Summary

Recent political and economic developments, such as the National Transformation Plan, aim to diversify Saudi Arabia’s economy by encouraging the expansion of the private sector and reducing unemployment among Saudi nationals. Prominent members of the ruling family have also suggested an expanded public role for women in Saudi society. All of this points to a more favourable business environment for investors, underpinned by growth in wages and domestic demand.

Saudi Arabia ranks amongst the smallest markets in the global Meat sector in terms of average consumer spend on meat products. Though the population and disposable income are both increasing, average consumer spend is forecast for only modest growth in the five years to 2021.

Saudi Arabian Meat market recorded high growth at a CAGR of 5.4% between 2011 and 2016, from US$2.69 billion in 2011 to US$3.50 billion in 2016. The market is forecast to register strong growth at a CAGR of 8.2% in the five years to 2021, and is expected to be worth US$5.20 billion by 2021. An expanding working age population combined with rising disposable income will fuel growth in the Saudi Arabian Meat market.

Saudi Arabia’s population is expanding rapidly, and life expectancy has also improved dramatically since 1990. Economic and social changes, particularly regarding the role of women in the economy, will expand the working population and boost domestic demand for meat products.

Vision 2030 and the National Transformation Plan both aim to modernize Saudi Arabia’s economy and prepare Saudis for life beyond oil. Structural reforms are intended to reduce the weight of bureaucracy and push more young Saudis into private sector jobs, thereby boosting wages and domestic consumption. The government’s plans to increase revenue and outside investment in key national industries are a boon to foreign investors, and will create numerous opportunities for producers and exporters of meat products.

The report “Top Growth Opportunities: Meat in Saudi Arabia” provides recommended actions and detailed analysis of how to target the best growth opportunities for meat producers and retailers. Readers can understand what categories, channels, companies, and consumers will drive the success of Meat markets in Saudi Arabia through our detailed and robust data, expert insight, and case studies.

Moreover, this report provides the following analysis –
– Key consumer demographic groups driving consumption within the Saudi Arabian market. Improve your consumer targeting by understanding who’s driving the market, what they want, and why.
– A study of market value and volumes over 2011-2016 for Saudi Arabia, supplemented with category, brand and packaging analysis that shows the current state of the market, and how it will evolve over the 2016-2021 period.
– White space analysis, to pinpoint attractive spaces in the market and the key actions to take.
– Insight into the implications behind the data, and analysis of how the consumer needs will evolve in the short-to-medium term future.
– Examples of international and regional product innovation targeting key consumer needs.

Companies mentioned in this report: Panda, Abdullah Al-Othaim, Hyper Panda, Tamimi Markets, BinDawood Stores, Danube, Carrefour, Lulu Hypermarket, Groupe Doux, Al Watania Poultry, Fakieh Group, Waitrose, Can Cook, Golden Camel, Angel Bay, Deli-CAN-tessen, Taste Inc., Target, Perdue, Linnamae, Tyson, Asda, Gilbert’s, Le Gaulois, Americana, Sadia, California Garden, Al Kabeer, Entai, Alyoum.

Scope

– Meat in Saudi Arabia will continue to demonstrate robust growth in the five years to 2021 as the economy diversifies and consumer spending power increases.
– Fresh Meat (Counter) and Chilled Raw Packaged Meat (Whole Cuts) will see the highest growth in market value and volume share between 2016 and 2021.
– Convenience Stores and eRetailers expanded their value share of the market more rapidly than established channels in the five years to 2016, suggesting that affluence is driving a gradual shift in consumption habits. Hypermarkets & Supermarkets and Food & Drinks Specialists account for the majority of market value.
– The top three brands across all segments increased their collective average value share between 2011 and 2016, demonstrating that the Saudi Arabian Meat market is steadily becoming more consolidated.
– Private label is growing faster across all segments in the Saudi Arabian Meat market, highlighting a gradual shift among consumers towards private label products. Growth in the Saudi Arabian Meat market is being driven by this shift.

Reasons to buy

– This report brings together consumer analysis and market data to provide actionable insight into the behavior of Saudi Arabia’s Meat consumers.
– This is based on GlobalData’s unique consumer data, developed from extensive consumption surveys and consumer group tracking, which quantifies the influence of 20 consumption motivations in the Meat sector.
– Category, brand, and packaging dynamics are also examined.
– This allows product and marketing strategies to be better aligned with the leading trends in the market.

Filed in: Food & Beverage
Publisher : GlobalData
More Reports
Title Price Buy Now

Cold Chain Market by Application (Fruits & Vegetables, Dairy & Frozen Desserts, Fish, Meat & Seafood, Bakery & Confectionery), Temperature Type (Frozen, Chilled), Type (Refrigerated Transport, Refrigerated Warehousing), Region – Global Forecast to 2025

“The cold chain market is projected to grow at a CAGR of 7.8% during the forecast period.” According to MarketsandMarkets, the global cold chain market size is estimated to be valued at USD 233.8 billion in 2020 and is projected to reach USD 340.3 billion by 2025, recording a CAGR of 7.8%. Factors such as the consumer inclination toward food & beverages with higher shelf-life, due to the rising awareness to mitigate the food wastage have been fueling the use of cold chains in the food & beverage industry.International trade liberalization has also boosted the use of cold chain, globally. However, the growth of the cold chain market is inhibited by factors such as high infrastructure costs involved during the initial investments. In addition, the lack of required skilled reso......
$4950

Gummy Vitamins Market by Product Type (Multivitamins, Single Vitamins), Source (Animal, Plant), Packaging Type (Bottles & Jars, Pouches), Distribution Channel (Store-Based, Online), End User (Adult, Children), and Region – Global Forecast to 2025

“The gummy vitamins market is projected to grow at a CAGR of 12.5% during the forecast period.” According to MarketsandMarkets, the global gummy vitamins market size is estimated to be valued at USD 5.9 billion in 2020 and projected to reach USD 10.6 billion by 2025, recording a CAGR of 12.5%, in terms of value. Factors such as the rising incidences of vitamin deficiencies and undernourishments, along with growing awareness for on-the-go supplements, offering pleasant tastes and convenience in consumption are projected to drive the growth of the gummy vitamins industry during the forecast period. However, the growth of the gummy vitamins market is inhibited by factors, such as high costs of products, owing to the value-added benefits of the product and costlier procurement of ing......
$5650

Seaweed Cultivation Market by Type (Red, Brown, Green), Method of Harvesting (Aquaculture, Wild Harvesting), Form (Liquid, Powder, Flakes, Sheets), Application (Food, Feed, Agriculture, Pharmaceuticals), and Region – Global Forecast to 2025

"The seaweed cultivation market is projected to grow at a CAGR of 12.6% during the forecast period." According to MarketsandMarkets, the seaweed cultivation market size is estimated to be valued at USD 16.7 billion in 2020. It is projected to reach USD 30.2 billion by 2025, recording a CAGR of 12.6% during the forecast period, in terms of value. Factors such as edible seaweeds' functional properties, growth in consumer awareness regarding the health benefits of seaweed-based products, increasing industrial, agricultural, feed-related applications, and the rising market for seaweed as snack products are projected to drive the growth of the seaweed cultivation industry during the forecast period. However, excessive use of seaweed products can adversely affect consumers' health due to toxi......
$4950

Meat Starter Cultures Market by Application (Sausages, Salami, Dry-cured meat, and Others), Microorganism(Bacteria, and Fungi), Composition (Multi-strain mix, Single strain, and Multi-strain), Form, and Region – Global Forecast to 2025

 “The meat starter cultures market is projected to grow at a CAGR of 3.9% during the forecast period.” According to MarketsandMarkets, the global meat starter cultures market size is estimated to be valued at USD 62 million in 2020 and projected to reach USD 76 million by 2025, recording a CAGR of 3.9%. The market is driven primarily by factors such as increasing consumption of processed meat with higher shelf-life. North America is projected to be the fastest-growing regional market. North American countries, especially US, have emerged as leading destinations, as major companies are investing in these countries. The major restraints in the growth of the meat starter cultures market is the stringent regulations for the usage of meat starter cultures and concerns over the quality o......
$5650

Saudi Arabia Meat – Market Assessment and Forecasts to 2024

Saudi Arabia Meat - Market Assessment and Forecasts to 2024 Summary GlobalData's Country Profile report on the meat sector in Saudi Arabia provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares. The Saudi Arabian meat sector is led by the chilled raw packaged meat - whole cuts category in value terms, while the cooked meat - counter is expected to register the fastest value growth during 2019-2024. Hypermarkets & supermarkets is the leading channel for the distribution of meat in the country. Rigid plastics is the most commonly used pack material in the Saudi Arabian meat sector. Al Munajem, Americana Group, and BRF S.A. are the leading players in the country. What e......
$875

United Arab Emirates Meat – Market Assessment and Forecasts to 2024

United Arab Emirates Meat - Market Assessment and Forecasts to 2024 Summary GlobalData's Country Profile report on the meat sector in UAE provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares. The UAE meat sector was led by frozen meat category in value and volume terms in 2019. Furthermore, the frozen meat category is also forecast to register fastest value and volume growth during 2019-2024. Hypermarkets & supermarkets is the leading channel for distribution of meat in the country. Flexible packaging was the most commonly used pack material in UAE. BRF S.A., Emirates Modern Poultry Co. and Farm Fresh Meats, Inc. are the leading players in the UAE meat sector. What......
$875

United States Meat – Market Assessment and Forecasts to 2024

United States Meat - Market Assessment and Forecasts to 2024 Summary GlobalData's Country Profile report on the meat sector in the US provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares. The US meat sector is led by the chilled raw packaged meat - processed category in value terms, while the frozen meat category is expected to register the fastest value growth during 2019-2024. Hypermarkets & supermarkets is the leading channel for the distribution of meat in the country. Rigid plastics is the most commonly used pack material in the US meat sector. Tyson Foods, Inc., WH Group, and Hormel Foods Corporation are the leading players in the country. What else is contai......
$875

Meat Snacks (Savory Snacks) Market in Canada – Outlook to 2024; Market Size, Growth and Forecast Analytics (updated with COVID-19 Impact)

Meat Snacks (Savory Snacks) Market in Canada - Outlook to 2024; Market Size, Growth and Forecast Analytics (updated with COVID-19 Impact) Summary Meat Snacks (Savory Snacks) Market in Canada - Outlook to 2024; Market Size, Growth and Forecast Analytics (updated with COVID-19 Impact) is a broad level market review of Meat Snacks market in Canada. Meat Snacks - Ambient savoury snacks made from meat which are specifically designed for snacking on (i.e. they don't form part of a main meal occasion such as breakfast, lunch or dinner). Includes Pepperami. Meat Snacks market in Canada registered a positive compound annual growth rate (CAGR) of 3.57% during the period 2014 to 2019 with a sales value of CAD 85.43 Million in 2019, an increase of 3.64% over 2018. The market achieved its strongest......
$500

Nuts and Seeds (Savory Snacks) Market in Egypt – Outlook to 2024; Market Size, Growth and Forecast Analytics (updated with COVID-19 Impact)

Nuts and Seeds (Savory Snacks) Market in Egypt - Outlook to 2024; Market Size, Growth and Forecast Analytics (updated with COVID-19 Impact) Summary Nuts and Seeds (Savory Snacks) Market in Egypt - Outlook to 2024; Market Size, Growth and Forecast Analytics (updated with COVID-19 Impact) is a broad level market review of Nuts and Seeds market in Egypt. Nuts & Seeds - includes packaged peanuts as well as other nuts and seeds. Nuts and Seeds market in Egypt registered a positive compound annual growth rate (CAGR) of 17.75% during the period 2014 to 2019 with a sales value of EGP 1,378.04 Million in 2019, an increase of 12.39% over 2018. The market achieved its strongest performance in 2017, when it grew by 29.54% over its previous year and its weakest performance in 2019, when it increas......
$500

UHT Soup (Soups) Market in Mexico – Outlook to 2024; Market Size, Growth and Forecast Analytics (updated with COVID-19 Impact)

UHT Soup (Soups) Market in Mexico - Outlook to 2024; Market Size, Growth and Forecast Analytics (updated with COVID-19 Impact) Summary UHT Soup (Soups) Market in Mexico - Outlook to 2024; Market Size, Growth and Forecast Analytics (updated with COVID-19 Impact) is a broad level market review of UHT Soup market in Mexico. UHT Soup - Soup which has been heat treated via ultra-high temperature (UHT) processing to become shelf-stable over a long period of time. Soup is defined as a liquid food, often containing pieces of meat and vegetables. UHT Soup market in Mexico registered a positive compound annual growth rate (CAGR) of 5.42% during the period 2014 to 2019 with a sales value of MXN 117.75 Million in 2019, an increase of 4.85% over 2018. The market achieved its strongest performance ......
$500
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy