The market is dominated by domestic suppliers, as imports account for 36.5% of total market size in 2022. Households drive market demand, with household spending representing 86.7% of total demand in 2022. Saudi Arabia has the largest market size for meat and meat products regionally, with demand reaching USD11.5 billion in 2022. Almarai Co Ltd is the largest company in Saudi Arabia, generating 13.5% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 29.1% of total production value in 2022. The total number of companies decreases in 2022, to 3,004 units. The costs of the industry increase by 12.7% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 30.4% of production value in 2022, the highest regionally. The industry’s exports share decreases in 2022 to 2.6% of total production output. With production value of USD4.4 billion, Saudi Arabia accounts for 19.5% of the Middle East and North Africa total in 2022.
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This Euromonitor industrial report provides unique information on Meat and Meat Products in Saudi Arabia: ISIC 1511. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Meat and Meat Products in Saudi Arabia: ISIC 1511 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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