Saudi Arabia is largest consumer of red meat among the GCC countries, with meat majorly imported from Australia, USA, Brazil and other countries. by The Poultry Site 30 November 2020, at 8:34am Reuters reports that the suspension follows a months-long … This report presents a comprehensive overview of the beef meat market in Saudi Arabia and a forecast for its development in the next five years. What is the revenue of red meat market in 2016-17 and what would be the expected demand over the forecasted period? Botswana secures markets for sheep, goat meat in Saudi Arabia, Norway People queue outside a supermarket in Gaborone, capital of Botswana, April 2, 2020. Meat Market Review October 2018 Poultry meat World poultry meat output In 2018, global poultry output is anticipated to rise by 1.4 ... introduction of stringent halal meat requirement by Saudi Arabia has led to a loss of market share for Brazil this year. With technological innovations in the food industry, the range of convenience food has expanded to chilled, frozen, portion-controlled, shelf-stable, microwave-able, prepared-mixes, and others. Supply of rotten or salmonella-tainted meats can also severely impact the red meat demand. Competitive landscape of the market 6.7. Fermented Meats (Savory & Deli Foods) Market in Saudi Arabia – Outlook to 2021: Market Size, Growth and Forecast Analytics is a broad level market review of Fermented Meats market of Saudi Arabia. Saudi Arabia Red Meat Market - Growth, Trends and F… $ 3250 July 2020 Saudi Arabia Baby Food , 2019 $ 3275 February 2020 Saudi Arabia Pizza Restaurants Market - … Fermented Meats (Savory & Deli Foods) Market in Saudi Arabia - Outlook to 2021: Market Size, Growth and Forecast Analytics +49 322 210 92714 (GMT OFFICE HOURS) +1-855-465-4651 (US/CAN TOLL FREE) +1-386-310-3803 (US OFFICE NO) Home; Categories; Become Publisher; News; About Us; Contact Us; Search. The report covers the present ground scenario and the future growth prospects of the red meat market for 2017-2030 along with the Saudi Arabia sales and Saudi Arabia revenue of the red meat. Demand for poultry meat imports is strong … Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment, technology, video and pictures. The Global Graphite Market is anticipated to be driven by growing demand, According to Goldstein Research, major factors driving the market of syringe are increasing number of tests, Growing purchasing power of consumers in developing countries and changing lifestyles. Over half of the shipments are sent to Saudi Arabia while nearly a quarter goes to the UAE. Frozen Meat market in Saudi Arabia registered a positive compound annual growth rate (CAGR) of 4.72% during the period 2013 to 2018 with a sales value of SAR 438.71 Million in 2018, an increase of 4.34% over 2017. Saudi Arabia introduced to 5% VAT on most sectors in January 2018 as a way to stabilize their income without needing to rely on the oil entirely. On the basis of meat type, lamb accounted for highest market share of 47.4% in 2017. Saudi Arabia Cold Storage Market by Type (Freezer, Chiller, and Blast Freezer & Chiller), By Application (Meat & Seafood, Fish, Pharmaceuticals, Dairy, Processed/Frozen Food, Fruits & Vegetables, Industrial Chemicals, and Others), By Verticals, and By Storage Type – Opportunities & Forecast, 2020-2027 Fresh Meat (counter) - fresh meat products sold over butchers' counters in retailers. In case, any of your pain points areas are not covered in the current scope of this report, Request for Customization here This has created a bigger market for Zambian goats. Country. Global Graphite Market Opportunity Assessment, Global Syringe Market Forecast and Market Entry Strategy, Innovation Starts With Kitchen: Residential Electric Fryers Market Forecast and advisory, Global Airport Display Systems Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024, Global Point of Care Testing (POCT) Devices Market Outlook 2024, Global Dead Sea Mud Cosmetics Market Outlook 2024, Internet of Things (IoT) Platform is set to disrupting the Big Data technology industry. To understand key trends, Download Sample Report. © 2020. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. Frozen Meat (Meat) Market in Saudi Arabia - Outlook to 2021: Market Size, Growth and Forecast Analytics Post author By Credible Markets; Post date 22nd September 2020; The recent report on “Global Meat Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026” offered by … Most Saudi consumers tend to believe that locally produced meat products meet higher Halal standards than imported products from non-Muslim countries. What are the market opportunities for the existing and entry level players? We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. The new funding will go toward expanding into more Indian cities, the first of which being Calcutta and into Saudi Arabia. The remaining consuming countries recorded the following average annual rates of consumption growth: the United Arab Emirates (+3.4% per year) and Oman (+8.0% per year). This will help you identify those companies that may benefit from this pandemic as well as those that will lose out. Saudi Arabia’s red meat market is flourishing and provides various opportunities for potential market entrants because of the heavy meat consumption by the heavily concentrated Muslim population in the region. Furthermore, the segmentation according to the storage types classifies edible meat as chilled, frozen, and shelf stable/fresh meat. As of today, the country accounts for 5% of Russian poultry exports, while Kazakhstan accounts for 15% and Ukraine for 13%. Structure of the sheep meat market in Saudi Arabia by end use segments/main product groups and forecast for its development in the medium term 6.5. Saudi Arabia edible meat market is segmented by meat type into poultry, beef and veal, mutton, and other meat types. In value terms, Oman ($3M) constitutes the largest market for imported camel meat in the Middle East. As per Saudi food and drug authority report in 2017, importation of goat meat is allowed as per regulations and conditions, whereas, sheep and bovine meat and products importation from certain countries such as from Spain, Jordan, Sudan and Portugal is allowed only from the approved establishments only. Online distribution channel for red meat is trending in the country. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Export Value . Government and regulatory Markets and economics Market trends Markets & policy. Five Forces analysis 6.8. We established a quick response research team to monitor the impacts of global pandemic COVID19 on this market to keep our clients informed about latest data and changing strategies. Meat and Seafood segment is also growing in Saudi Arabia cold storage market owing to the increasing imports and exports from Saudi Arabia. Details are imparted within the report. For a full detailed overview, send us the sample request. 41% during the forecast period. Saudi Arabia's poultry market is flourishing and providing various opportunities for potential market entrants, due to the heavy meat consumption by … Key drivers and restraints for the market development in the … Global Advanced airport display system is majorly driven by the growing adoption of passenger mobile applications. Figures - SummaryAmbient Meat - all shelf-stable meat products. Lamb is preferred by the people on every occasion and it is considered as auspicious meal. Frozen Meat - all frozen meat products, whether whole cuts or not and whether coated or not. Meat consumption denotes the diet, living standards, livestock production, and macroeconomic uncertainty and shocks to GDP. Frozen Meat market in Saudi Arabia registered a positive compound annual growth rate (CAGR) of 4.72% during the period 2013 to 2018 with a sales value of SAR 438.71 Million in 2018, an increase of 4.34% over 2017. Saudi Arabia formally suspended imports of meat, eggs and other products from Turkey earlier this month, the Turkish exporters' union said, after a months-long informal boycott of Turkish goods over political tensions between the two regional rivals. Simply let us know what you are looking for and we will try our best to help We calculated the market size and revenue share on the basis of revenue generated from major players across the globe. Saudi Arabia edible meat market is anticipated to grow at a CAGR of 5.5% during the forecast period (2020 - 2025). 11% of the new downtown area that the Kingdom is constructing in the city of Jeddah is earmarked for hospitality purposes and entertainment, which gives the food industry hope for expansion into their domestic market. Categories. How strategies and businesses win the COVID-19 Battle, Understand the COVID-19 Outbreak and its impact on global & regional businesses, Insights on a world turned upside down : Re-imaginingThe post-COVID19 Business resilience & recovery, How effective strategies and business recovery plans are winning the race. The purpose of the report is to describe the state of the sheep meat market in Saudi Arabia, to present actual and retrospective information about the volumes, dynamics, structure and characteristics of production, imports, exports and consumption and to build a forecast for the market in the medium term. “COVID was a tailwind for us,” Kadavil said. Crunchbase is the leading destination for millions of users to discover industry trends, investments, and news about global companies–from startups to the Fortune 1000. Fresh Meat (Counter) (Meat) Market in Saudi Arabia – Outlook to 2022: Market Size, Growth and Forecast Analytics is a broad level market review Discover the latest market trends and uncover sources of future market growth for the Packaged food industry in Saudi Arabia with research from Euromonitor's team of in-country analysts. Botswana's President Mokgweetsi Masisi has declared a state of emergency following … Russian … Frozen Meat (Meat) Market in Saudi Arabia – Outlook to 2021: Market Size, Growth and Forecast Analytics is a broad level market review of Frozen The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Government has offered subsidy support, duty-free imports of raw supplies and interest free loans to suppliers and distributors. The perceived credibility of Saudi manufacturers of Halal food, especially for meat and their products has helped the expansion of food processing facilities in the Kingdom. The growth in red meat consumption, production and import of live animals for their auspicious occasion i.e., Eid al Adha feast, utilization of hajj meat that is managed by Islamic Development Bank, rise in import of red meat and government support are some of the major factors impacting the growth of Saudi Arabia red meat market. Cooked Meats - Packaged - pre-packaged cooked meats (usually already sliced, but not necessarily - e.g. In Saudi Arabia, chicken is considered a necessity. Fresh fish and meat e-commerce platform FreshToHome raised a $121 million Series C round of funding in what the company is touting as the largest-ever Series C funding in India consumer technology. Central Saudi Arabia  Red Meat Market {Market Share (%), Market Size (USD Billion)}, Western Saudi Arabia Red Meat Market {Market Share (%), Market Size (USD Billion)}, Northern Saudi Arabia Red Meat Market {Market Share (%), Market Size (USD Billion)}, Southern Saudi Arabia Red Meat Market {Market Share (%), Market Size (USD Billion)}, Eastern Saudi Arabia Red Meat Market {Market Share (%), Market Size (USD Billion)}, COVID-19 impact on "Saudi Arabia Red Meat Market". Local chicken meat production is projected to reach 750,000 MT in 2020. In addition, the introduction of stringent halal meat requirement by Saudi Arabia has led to a loss of market share for Brazil this year. Meat Market Saudi Arabia Tag: Mutton Meat Shop, Meat Shop, souq saudi arabia, souq, fish market saudi arabia, Riyadh mutton market, Riyadh beef market, Fish market saudi arabia, More than 80 percent of local chicken meat is sold chilled. Need more information about this report ? Who all are the key vendors in this market space? Saudi Arabia has a magnanimous demand for poultry meat, and it has been dependent on imports from other countries to satiate its demand. The point of care testing (POCT) device in healthcare sector focuses on value rather than test volume and reimbursement issues that minimize tests to the. What is the total market size by 2030 and what would be the expected growth rate? Saudis are highly conscious over the freshness of red meat. Saudi Arabia suspends Turkish meat imports. MARKET OPPORTUNITIES AND FUTURE TRENDS. Zambian goat population is about 4 million. Fresh Meat (Counter) (Meat) Market in Saudi Arabia - Outlook to 2021: Market Size, Growth and Forecast Analytics is a broad level market review of Fresh Meat - Counter market in Saudi Arabia. Saudi Arabia red meat market is projected to grow at a CAGR of 1.41% during the forecast period. To understand geography trends, Download Sample Report. Government had imposed ban on beef imports from Brazil and U.S.A. over the quality concerns that were lifted after modified regulations on importing beef meat. The report covers the competitive landscape and current position of major players in the red meat market. This decline was mostly due to lower prices of grains, such as corn, wheat, barley and rice, and lower imported quantities of dairy product and frozen broiler meat. In Saudi Arabia, camel meat consumption increased at an average annual rate of +9.6% over the period from 2007-2018. The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Saudi Arabia Red Meat Market" along with government measures to support the sector. Saudi Arabia’s red meat market is flourishing and provides various opportunities for potential market entrants because of the heavy meat consumption by the heavily concentrated Muslim population in the region. Frozen, Shelf Stable/fresh). Convenience is the key factor driving the growth of RTE meat consumption in the country, with increasing disposable income and a rise in the number of working women. Report scope can be customized per your requirements. Saudi Arabia is mainly buying small broiler carcasses, weighing less than 1.2 kg. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Saudi Arabia Red Meat Market Overview (2017-2030) Saudi Arabia is largest consumer of red meat among the GCC countries, with meat majorly imported from Australia, USA, Brazil and other countries. The demand for IoT Platforms are rising as the businesses are shifting towards cloud technology to manage their data. Animal protein is one of the essential protein sources in the diet and growth of human body, making people to increase or shift their consumption to red meat. Most promising products/markets (by end use) 6.9. World poultry meat exportsare forecast to increase by 1.3 percent in 2018, registering expansions for the third consecutive year, to … The revenue of the sheep and goat meat market in Saudi Arabia amounted to $X in 2018, reducing by -X% against the previous year. What are the factors which are driving this market? This market research report provides information about Ready To Eat Food, Food, Country Overview (Food & Beverages), Food & Beverages industry. Home >> Consumer Goods & Retailing >> Consumer Goods & Retailing >> Fermented Meats … Goldstein Market Intelligence help you navigate through the COVID-19 crisis, we will provide you most relevant market insights on crisis management, recovery strategy & business continuity. Shelf stable meat is growing at a rate of 4.9% for its larger preference by the consumers over the frozen and chilled food. Arabian livestock market Saudi Arabia has a population of about 32 million people (World Bank, 2016). Saudi Arabia Edible Meat Market - Growth, Trends and Forecasts (2020 -... Key factors driving the growth of the edible meat market in Saudi Arabia are the increase in tourism, robust economic growth, changing consumer trends, and advanced technologies. In addition, the company is looking to deepen its supply chain in fish and chicken, as well as add mutton. Explore detailed information about the global Goat Meat markets. It provides a detailed analysis of the market, its dynamics, structure, characteristics, main players, growth and demand drivers, etc. (Aaron Allen) (Aaron Allen) #8. Simply let us know what you are looking for and we will try our best The Turkish exporters’ union confirms that Saudi Arabia has formally suspended imports of meat, eggs and other products from Turkey earlier in November. We have forecast the market on the basis of red meat manufacturers, red meat import and export data, and production and import of live animals. Saudis prefer sheep meat over beef and veal, consuming 5.5 kg per capita of sheep in 2017 as compared to per capita consumption of beef and veal. Key recent trends on the sheep meat market in Saudi Arabia 6.6. This increased demand could push goat prices higher and creates an opportunity for farmers to … The latest available U.N. trade data show Saudi Arabia imported $$14.8 billion worth of agricultural and related products in 2016, a decline of approximately 23 percent from 2015. Additionally, with high prominence of processed beef and poultry products, especially due to their rising demand among the double-income families, there has been a steady growth in the market. In value terms, Saudi Arabia ($746M) led the market, alone. Furthermore, the segmentation according to the storage types classifies edible meat as chilled, frozen, and shelf stable/fresh meat. What are the major barriers to market growth? 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