The rise in crude oil prices has led to the increased economic growth in the region. The rising affluence has led to a shift in consumption pattern from a carbohydrate-based diet to protein-based diet, thus increasing the demand for meat and meat products. Growing population is another factor responsible for increased consumption. Urbanization and growing popularity of retail format, together, are enhancing the consumption of processed food, milk and meat. The government offers support in the form of direct subsidies for select food production equipment, duty-free imports of raw supplies, interest-free loans and highly subsided benefits.
Restraints and Challenges
As the region has a high Islamic population, the biggest constraint for the market here is strict quality checks and phytosanitary norms, along with Halal requirements. Processes, such as stunning and automated mechanical slaughter, do not accommodate Halal procedures, making these methods of slaughter unsuitable for the region.
Soaring poultry feed costs, as well as, the high chicken mortality rates in Saudi poultry remain major constraints to the expanding broiler production in the Kingdom. Endemic poultry diseases have increased chicken mortality rates in many Saudi poultry farms in recent years, which have been estimated at 25%, on an average, and reached 50% in some individual farms.
The Saudi government has been targeting the poultry sector to help achieve the Kingdom’s food security strategy goals, by offering local poultry producers with different types of production support that include subsidies for animal feed, interest-free loans and rebates on the purchase of poultry equipment. To reduce the risks associated with high mortality rates and encourage local investors, the Saudi Agricultural Development Fund (ADF) implemented a new cooperative plan to subsidize insurance for poultry production. The stated goals of this national scheme include establishing stricter bio-security programs for participating poultry farms, reducing average chicken mortality rate in the Saudi farms from 25% to 5%, and encouraging new investments in the poultry sector, by compensating farmers for the financial losses they may suffer in case of poultry diseases outbreak. 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.
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 Concentration: Porter’s 5 Forces Analysis quantified by a comprehensive list of parameters.
- Market Share Analysis: Top players in the market (by value and volume).
1.2 Research Methodology
2. Executive Summary
3. Market overview poultry
3.1.2 Market size
3.1.3 Market growth
22.214.171.124 Drivers for market growth
126.96.36.199 Restraints in the market
3.1.4 Production and consumption (2014-2020)
188.8.131.52 Production statistics (2004-2014)
184.108.40.206 Consumption Statistics (2004-2014)
220.127.116.11 Growth analysis
3.1.5 Export and Import
18.104.22.168 Major countries exporting to Saudi Arabia
22.214.171.124.1 Country by country import statistics (Value and tonnage)
126.96.36.199.2 Import regulations
188.8.131.52 Saudi Arabia Chicken exports
184.108.40.206.1 Major chicken products exported
- Frozen chicken
- Live birds
- Other frozen chicken items
3.1.6 Major companies
220.127.116.11 Financials of major companies
18.104.22.168 Government susidies and programmes
22.214.171.124 Competition analysis
126.96.36.199 New developments
188.8.131.52 Investment opportunities
3.1.7 Government regulations
3.2.2 Market size
3.2.3 Market growth
184.108.40.206 Drivers for market growth
220.127.116.11 Restraints in the market
3.2.4 Production and consumption (2014-2020)
18.104.22.168 Production statistics (2004-2014)
22.214.171.124 Consumption Statistics (2004-2014)
126.96.36.199 Growth analysis
3.2.5 Export and Import
188.8.131.52 Major countries exporting to Saudi Arabia
184.108.40.206.1 Country by country import statistics (Value and tonnage)
220.127.116.11.2 Import regulations
18.104.22.168 Saudi Arabia egg exports
22.214.171.124.1 Major egg products exported
- Dried eggs
- Other egg based items
3.2.6 Major companies
126.96.36.199 Financials of major companies
188.8.131.52 Government susidies and programmes
184.108.40.206 Competition analysis
220.127.116.11 New developments
18.104.22.168 Investment opportunities
3.2.7 Government regulations
4. Growth trends for Saudi Arabia's poultry industry
6. Charts and tables