The GCC meat market size is projected to exhibit a growth rate (CAGR) of 5.06% during 2024-2032. The rising consumer disposable incomes, changing dietary preferences of individuals, heavy investments in livestock farming and meat processing facilities, and the expanding tourism and hospitality sectors across the GCC region represent some of the key factors driving the market.
|Market Growth Rate 2024-2032
Meat refers to the flesh of animals, primarily livestock, that is widely consumed as food by humans. It is a rich source of protein and essential nutrients in various diets around the world. Meat is typically derived from animals, such as cattle (beef), pigs (pork), poultry (chicken and turkey), sheep (lamb and mutton), and other domesticated or game animals. The process of obtaining meat involves slaughtering animals for their edible tissues, which include muscles, organs, and other parts. These tissues are then processed, preserved, and prepared for consumption through various methods such as cutting, curing, cooking, and seasoning. Meat is highly valued for its excellent nutritional composition, containing essential amino acids, vitamins (such as B vitamins), minerals (including iron and zinc), and fats necessary for the proper growth, development, and overall well-being of humans. It plays a vital role in muscle development, tissue repair, and the production of enzymes and hormones due to its high protein content. Different cultures have distinct preferences for meat types, cuts, and cooking methods. Meat can be consumed in different forms, including fresh, frozen, processed, and cured. As a result, meat is gaining immense traction across GCC countries as it serves as a key ingredient in various dishes, from steaks and roasts to stews, sausages, burgers, and pizzas.
GCC Meat Market Trends:
The GCC meat market is primarily driven by the region's growing population and elevating levels of urbanization. With changing lifestyles and tastes of individuals, there is a greater need for protein-rich food options, including various types of meat. Moreover, inflating consumer disposable incomes in the GCC region have led to a shift in dietary preferences. In line with this, the rising incorporation of meat into daily diets by individuals is positively influencing the market growth. Additionally, the perception of meat as a symbol of affluence and a source of prestige has contributed to its growing popularity in the region. Furthermore, the rapid expansion of the tourism and hospitality sectors is another major growth-inducing factor. Moreover, the GCC region is known for its luxury hotels, restaurants, and resorts that cater to tourists from around the world. In addition, the escalating demand for high-quality meat products in these establishments, and in catering services for events and banquets, is propelling the market growth. Besides this, the GCC countries have made significant efforts to enhance their domestic food production capabilities, including meat production. Furthermore, the implementation of favorable policies by governments of these nations to promote food security and reduce dependence on imports is contributing to the market growth. Along with this, heavy investments in livestock farming and meat processing facilities, boosting the supply of locally produced meat, is further fueling the market growth.
GCC Meat Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the GCC meat market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on type, product, and distribution channel.
The report has provided a detailed breakup and analysis of the GCC meat market based on the type. This includes raw and processed.
A detailed breakup and analysis of the GCC meat market based on the product has also been provided in the report. This includes chicken, beef, pork, mutton, and others.
Distribution Channel Insights:
- Supermarkets and Hypermarkets
- Departmental Stores
- Specialty Stores
- Online Stores
A detailed breakup and analysis of the GCC meat market based on the distribution channel has also been provided in the report. This includes supermarkets and hypermarkets, departmental stores, specialty stores, online stores, and others.
- Saudi Arabia
The report has also provided a comprehensive analysis of all the major regional markets, which include Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait, and Oman.
The report has also provided a comprehensive analysis of the competitive landscape in the GCC meat market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
GCC Meat Market Report Coverage:
|Base Year of the Analysis
|Scope of the Report
||Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
- Distribution Channel
||Chicken, Beef, Pork, Mutton, Others
|Distribution Channels Covered
||Supermarkets and Hypermarkets, Departmental Stores, Specialty Stores, Online Stores, Others
||Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, Oman
||10% Free Customization
|Report Price and Purchase Option
||Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|Post-Sale Analyst Support
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report:
- How has the GCC meat market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the GCC meat market?
- What is the breakup of the GCC meat market on the basis of type?
- What is the breakup of the GCC meat market on the basis of product?
- What is the breakup of the GCC meat market on the basis of the distribution channel?
- What are the various stages in the value chain of the GCC meat market?
- What are the key driving factors and challenges in the GCC meat market?
- What is the structure of the GCC meat market and who are the key players?
- What is the degree of competition in the GCC meat market?
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the GCC meat market from 2018-2032.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the GCC meat market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the GCC meat market industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.