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MEAT INDUSTRY IN GCC MORDOR INTELLIGENCE
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MEAT SECTOR OVERVIEW, GCC
Severe shortage of local products in GCC region, especially fresh chicken, resulting in consumers looking for imported products, which are not only more expensive but also less fresh compared to local produce. Supplies from producers of poultry products in the country, can cater only to an extent during normal seasons, but as a result of peak demand during Ramadan, supplies are able to meet only a fraction of demand. Consumers have voiced several complaints over the years urging government authorities to intervene directly and ensure there are more than just a few producers of poultry products which will also encourage healthy competition and lead to self-sufficiency in food supplies. Supplies of fresh chicken and eggs surges during a few months specifically during Ramadan and the tourist season. The imports of chicken and eggs during this period are falling far short of the consumption demands of the country. Our sources indicate that shortage of local supplies is not only limited to fresh chicken, but also in local eggs and other items.
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MARKET DYNAMICS Note: Qatar is facing shortfall of meat because of Export contracts.
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MEAT PRODUCTION Qatar is the biggest producer of meat in GCC countries with over 88% share followed by Saudi Arabia at 8.6% in production. The Saudi goat and sheep sector has experienced a major production growth in recent years. Meat production is expected at 133,200 MT in 2015, and expected to further increase 1.3% in 2015. Production of Bovine Meat is declined by -0.8% in past 5 years, whereas, poultry production is increased by 1.5% and Goat and sheep meat by 3.2% during the same period.
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MEAT CONSUMPTION Qatar is the biggest consumer of meat in GCC countries with over 55% share followed by UAE with 13% in consumption. The Saudi meat sector has experienced a major consumption growth in recent years. Broiler meat production is expected at 680,000 MT in 2014, and expected to further increase 9% in Local broiler production currently covers about 42% of total Saudi Arabia’s local consumption, estimated at 1.44 million MT.
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MEAT IMPORT Qatar is the biggest consumer of meat in GCC countries with over 55% share followed by UAE with 13% in consumption. The Saudi meat sector has experienced a major consumption growth in recent years. Broiler meat production is expected at 680,000 MT in 2014, and expected to further increase 9% in Local broiler production currently covers about 42% of total Saudi Arabia’s local consumption, estimated at 1.44 million MT.
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WHO WE ARE? Mordor Intelligence has the world’s most inclusive research on the GCC Meat Market. We monitor and analyze industry trends around the world, including in-depth analysis on market entry, market share and market size – from qualitative analysis to qualitative with market data. Mordor Intelligence data and market analysis supports your organization’s awareness of the GCC Meat Market and the greater competitive atmosphere, ensuring accurate and focused strategies for your business. Report on GCC Meat Market helps the organizations looking forward towards market entry. It also helps existing organizations and entities and supports in strategy formation for nurturing your business. A resource for your entire organization, Mordor Intelligence market research supports every level of business, assisting in strategic development, marketing, mergers and acquisitions, and brand management.
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