Between 2014 and 2023, the meat demand in Saudi Arabia demonstrated fluctuations with a notable peak in 2015 followed by periods of decline and slight rebounds. By 2023, the demand stood at 1.53 million metric tons, which is a 0.59% decrease from the previous year, indicating a minor, yet consistent, downturn. The average annual variation over the last five years is approximately -0.078%, reflecting a subtle overall decrease in demand. The projections from 2024 to 2028 suggest a continued but slow decline, with a 5-year CAGR forecasted at -0.52%.
Future trends to observe include:
- Potential shifts in consumer preference towards alternative protein sources.
- Economic factors influencing purchasing power and consumption behavior.
- Government policies on food security and agricultural sustainability.
- Impact of global meat market fluctuations on local demand.
