Middle East Meat Market to Witness 4.4% CAGR Boom Through 2024-30 – Latest MarkNtel Advisors Report
Market Insights & Analysis: Middle East Meat Market (2024-30)
Projected Growth: The Middle East Meat Market size was valued at USD 29.21 billion in 2023 & is projected to reach USD 34.32 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.4% during the forecast period, i.e., 2024-30.
Comprehensive Overview of the Middle East Meat Market
Utilizing both primary and secondary research methodologies, the Middle East Meat Market report offers an in-depth analysis valuable for stakeholders and investors seeking market insights. This report delves into market dynamics, providing a detailed examination of regional trends and developments.
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The Middle East Meat Market Challenge: Rising Vegan & Vegetarian Population in the Region
The increasing health consciousness and transitioning dietary customs amongst consumers across the region are leading to the rising growth of the vegan population in the Middle East. The growing focus of consumers on animal cruelty, environmental issues, etc., is further leading to the surging vegan population. Consumers in countries like Saudi Arabia, the UAE, Qatar, etc., are increasingly focusing on environmental sustainability, which is leading them to switch to vegan and vegetarian food options. Moreover, the rising cases of food illness and potential microbial infestation from meat and meat products are raising concerns about food safety in meat products mitigating its wider adoption.
In addition, there is an increasing proliferation of various plant-based meat substitutes that provide similar taste and texture as meat products. Due to this, the consumers have a wide range of choices in plant-based meat products which leads to minimum adoption of meat in the region. The growing trend of veganism on social media and influencers going vegan are further leading the young population to drive away from meat products, which is eventually leading to a gradual decline in the adoption of meat, thus hampering the growth of the Middle East Meat Market.
Middle East Meat Market Segmentation
By Product Type
-Beef
-Mutton
-Poultry
–Chicken
–Turkey
–Others (Duck, Goose, etc.)
-Seafood
–Fish
–Others (Prawns, Crabs, etc.)
-Others (Lamb, Rabbit, etc.)
- The Beef segment is expected to hold a major share of the Middle East Meat Market driven by increasing demand for beef from the hospitality sector.
By Form
-Fresh
-Frozen
-Canned
-Processed
By Distribution Channel
-Online
-Offline
–Hypermarket & Supermarket
–Specialty Store
–Others (Convenience Store, etc.)
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Key Players in the Middle East Meat Market
The report features major players including:
BRF SA, Siniora Food Industries, Sunbulah Group, Tanmiah Food Company, Al Ain Farms, Al Islami Foods, Americana Foods Inc, Qatar Meat Production Company, Najmat Taiba Foodstuff LLC, Tyson Foods Inc, NH Foods Ltd, JM Foods LLC, and others
Regional Analysis
The report covers a comprehensive analysis of the Middle East Meat Market across various regions:
- The UAE
- Saudi Arabia
- Qatar
- Turkey
- Egypt
- Israel
- Kuwait
- Bahrain
- Oman
- Rest of the Middle East
The research highlights development opportunities and challenges in these regions, encompassing sales growth, product pricing and analysis, growth potential, and strategic recommendations for addressing market challenges.
Key Questions Answered in the Middle East Meat Market Report
- Who are the major players in the Middle East Meat Market?
- Which region presents the most potential for the Middle East Meat Market?
- Which application area of the Middle East Meat Market is anticipated to grow significantly in the coming years?
- What opportunities exist for new market entrants?
- What is the projected market size for the Middle East Meat Market by the end of the forecast period?
- What are the growth prospects for the Middle East Meat Market?
- What is the base year considered in this market report?
- Which region holds the largest market share in the Middle East Meat Market?
- What factors are expected to drive the growth of the Middle East Meat Market?
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