edible-meat-industry-in-kuwait-industry
Published

November 2016

Edible Meat Market in Kuwait: Bovine, Poultry, Goat and Sheep - Analysis of Growth, Trends and Forecasts (2016 – 2021)

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The GCC countries are not only world’s largest consumers of meat but also among the world's largest importers of meat. Kuwait is completely dependent on imports for its food supply. In 2015, Kuwait imported around USD 556.5 million worth of edible meat, which includes bovine, poultry, goat and sheep, etc. The main food products in Kuwait are fresh vegetables, cow milk and poultry meat. The Kuwait meat market is expected to reach XXX thousand tons, regarding volume, by 2021. It is forecasted to increase at a CAGR of X% between 2016 and 2021.

Drivers

Key factors in the growth of the edible meat market of Kuwait are robust economic growth, changing consumer trends, and advanced technologies. Growing population is another factor responsible for the increased consumption. Moreover, the affluent local population has shifted its consumption patterns from a carbohydrate-based diet to protein-based diet.  This has increased the demand for meat and meat products. Urbanization and growing popularity of retail format, together, are enhancing the consumption of processed food, milk and meat.

Restraints and Challenges

Major factors affecting the Kuwait edible meat market are low agro production, low animal feed production/stock and poor availability of labor. In addition to the already existing constraints, classification of red meat and processed meat as, possibly, carcinogenic foods by the WHO is reducing the consumption of these products in certain sections of the educated population. Moreover, the operating costs in the region are very high.

Opportunities

The Kuwaiti government encourages the establishment of new poultry farms and the expansion of existing ones to attain the maximum self-sufficiency possible in meat production. Hence, there are a lot of opportunities in the country regarding trade, food processing and infrastructure requirements. As many importers in this region import live animals, there exist great opportunities for setting up slaughter houses and processing plants in the region

Key Developments

  • Kuwait had banned raw beef imports from the US (February 2012) and Brazil (December 2012), due to cases of mad cow disease (Bovine spongiform encephalopathy). This has benefitted the Australian and Indian beef export market. Australian beef export has witnessed a high growth, post-2011, thereby, increasing the market share from 4% in 2010 to 9% in 2015. Also, the demand for premium products, like Angus beef from Australia, has increased. However, speculation of a possible lift of the ban on Brazilian meat export this year, along with the lift of the ban on French beef export is forcing Australia to sign a free-trade agreement with various GCC nations, to secure its export.
  • GCC lifted a 15-year ban on beef imports from France, which has provided exporters some relief from the crushing pressure on meat prices, due to the Russian Embargo.

About the Market

  • PESTLE Analysis (Overview): Macro market factors pertinent to this region.
  • Market Definition: Main, as well as, associated/ancillary components constituting the market.
  • Key Findings of the Study: Top headlines about market trends & numbers.
  • Market Dynamics:

o   Drivers: What are the key factors driving growth in the market?

o   Restraints: Most relevant threats and restraints which hinder the growth of the market?

o   Opportunities: Sectors of high return or quick turn around on investment?

o   Market Concentration: Porter’s 5 Forces Analysis quantified by a comprehensive list of parameters.

  • Chain Analysis:
  • Competition:

o   Market Share Analysis: Top players in the market (by value and volume).

o  Company Profiles: Pertinent details about leading, high growth, and innovation-motivated stakeholders with contact, operations,     product/service offerings, financials and strategies & insights.

 

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