Meat Market- GCC
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Size in 2023: 5.02 Million Tons
Market Size in 2032: 6.84 Million Tons
Market Growth Rate (CAGR) 2024-2032: 3.20%
According to IMARC Group’s report titled “GCC Meat Market Report and Forecast 2024-2032,” the market reached 5.02 million tons in 2023. Looking forward, IMARC Group expects the market to reach 6.84 million tons by 2032, exhibiting a growth rate (CAGR) of 3.20% during 2024-2032.
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GCC Meat Market Trends and Drivers:
- Rising Consumer Demand: Increasing need for diverse protein sources due to growing urbanization and affluence in the GCC.
- Shifting Dietary Preferences: A move toward higher meat consumption, including fresh, processed, and premium varieties, driven by urban and affluent populations.
- Expatriate Influence: The large expatriate population demands a wide variety of meat types to cater to diverse cultural and culinary preferences.
- Government Focus on Food Security: Investments in domestic meat production and processing infrastructure to reduce reliance on imports and strengthen local supply chains.
- Halal-Certified Meat: Strong emphasis on halal-certified meat products to meet cultural and religious standards.
- Healthier and Organic Meat Options: Rising consumer interest in healthier meat options like grass-fed, hormone-free, and organic products driven by health-consciousness.
- Convenience Products: Growing demand for ready-to-cook and processed meats to accommodate the fast-paced lifestyles of urban consumers.
- Technological Advancements: Innovations in meat processing, packaging, and cold chain logistics to improve product quality, shelf life, and distribution efficiency.
- Sustainability Focus: Industry’s adoption of eco-friendly practices, including reducing carbon emissions and optimizing resource usage.
- Premium and Innovative Products: Increasing demand for premium meat products, contributing to sustained growth in the GCC meat market.
GCC Meat Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest GCC meat market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.
Type Insights:
- Raw
- Processed
Product Insights:
- Chicken
- Beef
- Pork
- Mutton
- Others
Distribution Channel Insights:
- Supermarkets and Hypermarkets
- Departmental Stores
- Specialty Stores
- Online Stores
- Others
Country Insights:
- Saudi Arabia
- UAE
- Qatar
- Bahrain
- Kuwait
- Oman
Request for customization: https://www.imarcgroup.com/request?type=report&id=10231&flag=C
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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