The analysis of chicken meat slaughtering in Saudi Arabia from 2013 to 2023 reveals a general upward trend in the volume of production. Starting at 569 million units in 2013, the sector saw significant increases until 2014, with a remarkable 26.44% year-on-year growth, and continued growing at varying rates through subsequent years. Despite a few fluctuations, the overall trend continued upward with a 2023 volume standing at 672.95 million units.
From 2021 to 2023, the year-on-year growth remained positive, marking 6.61% in 2021 and stabilizing to approximately 1.2% in 2022 and 2023. Over the last five years up to 2023, the compound annual growth rate (CAGR) was at a reasonable 1.24%.
Looking ahead, the forecasted data from 2024 to 2028 suggests a continued increase in chicken meat slaughtering, albeit at a slightly more moderate pace. The five-year forecast CAGR is projected at 0.94%, with an overall growth rate of 4.81% by 2028. This indicates steady but slow growth, reflecting potential market saturation or stabilization in demand.
**Future Trends to Watch For:**
- Technological advancements in poultry farming and processing.
- Changes in consumer preferences towards organic or alternative proteins.
- Government policies aimed at supporting local poultry production.
- Impact of global supply chain dynamics and feed costs on production efficiency.
- Potential effects of environmental and animal welfare regulations.
