In 2023, the beef and veal meat supply in Saudi Arabia stood at a certain volume which serves as the benchmark for all future forecasts. From 2024 to 2028, the market is projected to grow steadily from 235.0 thousand metric tons to 251.0 thousand metric tons, reflecting a consistent year-on-year increase. Specifically, the annual growth rates are 1.70% from 2024 to 2025, 1.67% from 2025 to 2026, 1.65% from 2026 to 2027, and 1.62% from 2027 to 2028. Over this five-year period, the compound annual growth rate (CAGR) is approximately 1.66%.
Future trends to watch for include changes in consumer preferences, potential impacts of climate change on livestock farming, government policies affecting the agricultural sector, and international trade agreements. These factors could either bolster or hinder the forecasted steady growth in the beef and veal meat supply in Saudi Arabia.
