Middle East Mutton Market to be Driven by Cultural and Religious Significance During the Forecast Period of 2021-2026 – Designer Women
Expert Market Research’s new report titled ‘Middle East Sheep Meat Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026’, provides a in-depth analysis of sheep meat in the Middle East. Meat Market, assessing the market based on its segments such as type, product, offerings, end-use, distribution channel and major region. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026):-
- Historical market size (2020): 15,619.58 tonnes CWE
- Forecast CAGR (2021-2026): 1.8%
- Forecast market size (2026): 17076.87 tonnes CWE
The market is being helped by the increase in livestock activities in Middle Eastern countries due to the increase in domestic demand for sheep meat. Additionally, the popularity of wet markets, butchers and small convenience stores is fueling the market expansion. The appeal and cultural relevance of home-cooked mutton foods such as kebabs, koftas, and stews are also driving the market expansion. Sheep feed is also linked with important religious and family festivities, as well as gift giving, all of which contribute to the growth of the market. The increased need for ready-to-eat and ready-to-cook foods, as well as the growing popularity of fast and casual meals among millennials and the expatriate population in the Middle East, are all contributing to the expansion of the industry.
Industry definition and major segments
Sheep meat is made up of lamb, pork and mutton from domestic mutton. It is one of the best sources of high quality protein including all essential amino acids necessary for growth and maintenance of the body. Phosphorus, iron and vitamin B12 are some of the minerals and vitamins found in it.
The types of mutton are:
The market can be broadly categorized on the basis of products into:
Based on Offerings, the market is segmented into:
On the basis of end-use, the market is split into:
The main sheepmeat distribution channels are:
Based on Region, the market is segmented into:
- Saudi Arabia
- United Arab Emirates
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Mutton is a rich source of high-quality, low-fat protein that appeals to a wide range of consumers. The growing desire for ready-to-cook and ready-to-eat food products among millennials across the globe, along with the incorporation of healthier food products, is fueling the demand for sheep products. Consumption is influenced by cultural variables and is expected to increase as population and income levels increase. As a result, the sheepmeat market is expected to grow, albeit at a slower pace. The global sheep herd decline is halting and prices are rising, leading to lower demand and a more targeted approach to purchases in other markets. The industry is also growing due to expanding retail chains and growing demand for frozen meat products. Government investments to host major global events, such as the World Cup and World Expo, and the resulting development of the hotel and restaurant industries are expected to boost the growth of the industry. Although the market is hampered by the COVID-19 pandemic, which has led to strict shutdowns, collapsing oil prices and declining disposable income, the government’s robust response and healthcare system upgrade are expected stimulate market growth. People are consuming more foodstuffs rich in protein and vitamins to boost their immunity, which is driving up the sales of sheep meat, which is catalyzing the growth of the sheep meat market.
Main market players
The major market players are Alin Meats Co., Golden Meat Company Ltd., Meat Hub., among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.