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Saudi Arabia Red Meat Market is Expected to Grow at a CAGR of 4.3% during the Forecast period (2017-2025)
Saudi Arabia Red Meat Market Trends, Demand, Forecast 2025
According to Goldstein Research, meat consumption denotes the diet, living standards, livestock production, and macroeconomic uncertainty and shocks to GDP. In 2017, beef and veal production in Saudi Arabia was 28,316 MT CWE (metric ton carcass-weight equivalent), which was not sufficient enough to meet domestic demand, thus imported 160,000 MT CWE. Moreover, Saudi Arabia is largest consumer of red meat among the GCC countries, with meat majorly imported from Australia, USA, Brazil and other countries. Saudi Arabia Red Meat Market Outlook also includes consumer behavior and investment strategies adopted by major market players and regional government in order to expand their business across the country. On the basis of meat type, lamb accounted for highest market share of 47.4% in 2017. Lamb is preferred by the people on every occasion and it is considered as auspicious meal.
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On the basis of our in-depth analysis, Saudi Arabia red meat market can be segmented as follows:
By Meat Type
- Others (camel, deer, etc.)
- Shelf Stable
By Distributional Channel
“Saudi Arabia Red Meat Market Outlook 2025” contains the detailed overview of the Saudi Arabia Red Meat market. On the basis of our in-depth analysis, a market can be segmented in terms of market segmentation by meat type, by storage, and by distribution channel.
Further, for the in-depth analysis, Saudi Arabia Red Meat Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Americana Group, Halwani Brothers Company, BRF S.A. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.
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Overall, the report represents the Saudi Arabia Red Meat market trends along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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