Market Size of Saudi Arabia Poultry Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.11 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Poultry Market Analysis
The Saudi Arabia poultry market was valued at USD 17.328 billion for the current year and is projected to register a CAGR of 4.11% over the next five years.
- The poultry sector in Saudi Arabia is one of the largest and fastest growing due to the large consumption of animal-based foods, especially poultry meat, in the country. Poultry production in Saudi Arabia jumped from 900,000 MT in 2020 to 910,000 MT in 2021, based on official data released by the Saudi Ministry of Environment, Water and Agriculture (MEWA).
- Although this accounted for more than half the domestic consumption, more is needed to meet domestic demand. Therefore, there is significant government support for the industry led by the MEWA, such as raising the percentage of investment in the industry in cooperation with the private sector.
- A recent deal led to the planned investment of USD 4.5 billion into the industry until 2025. Besides this, under Vision 2030, the Saudi government encourages foreign companies to invest in the Saudi market, especially poultry farms. It also offers 100% ownership to local producers and direct access to production-based subsidies to local poultry farmers. Furthermore, leading companies in the country are strategically expanding their customer base and market share.
- For instance, in 2022, Almarai, one of the most prominent Saudi dairy farms and the third largest chicken meat producer, announced a massive poultry expansion plan at US$ 1.8 billion, doubling its poultry production over the next five years. Thus, government interventions and company expansion plans are among the key factors anticipated to boost the growth of the poultry market in Saudi Arabia in the following years.
