The market is dominated by domestic suppliers, as imports account for 46.5% of total market size in 2023. Households drive market demand, with household spending representing 84.7% of total demand in 2023. Saudi Arabia has the largest market size for meat and meat products regionally, with demand reaching USD10.9 billion in 2023. Almarai Co Ltd is the largest company in Saudi Arabia, generating 14.3% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 31.0% of total production value in 2023. The total number of companies increases in 2023, to 3,082 units. The costs of the industry increase by 0.7% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 27.3% of production value in 2023, the eighth highest regionally. The industry’s exports share decreases in 2023 to 2.9% of total production output. With production value of USD4.5 billion, Saudi Arabia accounts for 17.8% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Meat and Meat Products in Saudi Arabia: ISIC 1511. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Meat and Meat Products in Saudi Arabia: ISIC 1511 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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