The mutton and goat meat market in the United Arab Emirates stood at 82.0 thousand metric tons in 2023. Over the past decade, the market exhibited a steady growth pattern from 2014 to 2018, with average annual increases ranging from 1.25% to 1.3%. A notable decline occurred in 2020, registering a -17% year-on-year drop, which massively impacted the CAGR, but the market rebounded by 21.97% in 2021. The growth from 2021 to 2023 remained stagnant with no year-on-year variation. The five-year compound annual growth rate (CAGR) leading up to 2023 was 0.25%.
Future trends to watch for include:
- Moderate growth is forecasted from 2024 to 2028, with the market expected to rise to approximately 83.59 thousand metric tons by 2028.
- The anticipated average annual growth rate for the next five years is projected to be 0.28%, showcasing a stable but slow upward trend.
- The total forecasted growth for this period is around 1.41%, indicating a modest expansion in market volume.
Market analysts should monitor potential supply chain disruptions, changes in consumer preferences, and governmental policy changes that may affect the import and production of mutton and goat meat in the UAE.
