The eggs market in Saudi Arabia has shown variability over the past decade, with a notable growth period post-2014. In 2023, the market size stood at 290.0 thousand metric tons, reflecting a 2.47% year-on-year growth. The last five-year CAGR (2018-2023) was 1.9%, showcasing moderate average growth.
Key insights include:
- High year-on-year growth of 29.88% in 2015 compared to other years.
- Consistent market expansion marked by a significant uptick in 2018 (17.33% year-on-year).
- Moderation and fluctuation in recent years, such as a decline in 2020 (-2.46%) and recovery post-2020.
- Forecasts indicate a steady increase to 326.29 thousand metric tons by 2028, driven by a forecasted 1.86% CAGR over the next five years (2024-2028).
Future trends to watch for:
There is a projected continuous steady growth in the market volume, influenced by increasing health awareness and dietary shifts towards higher protein consumption. Market players should monitor potential production innovations, changes in consumer preferences, and regulatory impacts. Adapting to these trends will be essential for maintaining competitive advantage.
