Product Code: ETC382299 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Saudi Arabia Goat Meat market currently, in 2023, has witnessed an HHI of 2483, Which has decreased slightly as compared to the HHI of 5598 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The goat meat market holds cultural and economic importance in Saudi Arabia. Goat meat, known as "mutton," is a staple in the local diet and is widely consumed across various traditional dishes. The market comprises both traditional and commercial producers, catering to domestic demand. Goat meat production is influenced by factors such as religious festivities, population growth, and dietary preferences. While the sector contributes to food security and rural livelihoods, it also faces challenges related to animal health, disease management, and market distribution.
In the Saudi Arabia goat meat market, cultural preferences, religious practices, and the rising demand for lean and healthy protein sources are driving the consumption of goat meat. Goat meat, often referred to as "mutton" in the region, holds significance in traditional cuisines and is frequently consumed during special occasions. Moreover, goat meat is considered a leaner and healthier alternative to other meats, aligning with the growing awareness of health-conscious diets. As dietary preferences shift towards healthier options, goat meat remains a staple in many Saudi households and contributes to the growth of the goat meat market.
In the Saudi Arabia Goat Meat Market, challenges include meeting the growing demand for goat meat while maintaining animal welfare standards. Balancing the need for increased production with ethical considerations and environmental impact is a complex challenge. Additionally, addressing consumer perceptions and educating them about the nutritional benefits of goat meat is important for market growth.
The goat meat market in Saudi Arabia faced disruptions due to COVID-19 related restrictions on livestock transportation and trade. The closure of livestock markets and reduced demand from the foodservice sector affected the market initially. However, local demand for goat meat remained resilient, supported by cultural and dietary preferences. The market saw adjustments in distribution channels, with a stronger emphasis on local supply and distribution. Online platforms and direct-to-consumer models gained importance as consumers sought alternative ways to access goat meat.
In the Saudi Arabia goat meat market, some key players include established local meat producers such as Almarai, Al Munajem Cold Stores, and Alyasra Foods. These companies have a significant presence in the meat industry and contribute to the supply of goat meat in the country.