Infinium Global Research and Consulting Solutions

By Infinium Global Research Feb, 2024

The Saudi Arabia poultry feed market was valued at USD 1,244.4 million in 2021 and is expected to reach USD 1,858.4 million by 2028 and grow at a CAGR of 6.02% over the forecast period. The people of Saudi Arabia largely consume poultry meat such as Chicken as a daily part of diet. The demand specially goes up during the peak season of Haj Pilgrimage. Millions of Pilgrims visit Saudi Arabia every year which increases the consumption of poultry meat for that specific period of time. High consumption of poultry meat has led to a high production of poultry meat in Saudi Arabia. As of today, Saudi Arabia produces 60% of its poultry meat domestically. Furthermore, the government is pushing for increasing the domestic production of poultry meat from 60% to 85% by 2025. The government of Saudi Arabia is making large investments in poultry sector. These two factors are majorly driving the growth of the market. However, the large dependence on import of crucial ingredients may act as restraint in the wake of supply chain shocks. New opportunities are expected to arise as participation of local players is growing in Saudi Arabia.

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