Bahrain’s poultry market set to reach $209m by 2029

TDT | Manama

The Daily Tribune - www.newsofbahrain.com

Email: editor@newsofbahrain.com

A recent report from Mordor Intelligence has revealed that Bahrain's poultry meat market is valued at $197.26 million in 2024, with expectations to grow to $209.32 million by 2029, reflecting a steady annual growth rate of 1.19%.

In 2022, supermarkets and hypermarkets accounted for 24.72% of all poultry meat sales in the country. The report highlights that poultry ranks as the second most produced meat locally, with approximately 8,300 tonnes produced in 2022, contributing to lower prices and increased accessibility for consumers.

The foreign trade sector is anticipated to be the fastest-growing distribution channel, projected to expand at an annual rate of 1.58% between 2023 and 2029. In terms of value, this channel is expected to grow by 10.62% per year over the same period.

Fresh and chilled poultry remains the preferred option among consumers, comprising over 58.5% of sales in 2022. This trend is largely driven by increasing demand from the food service sector.

Additionally, foreign direct investment in Bahrain has seen a notable rise since 2021, reaching $1.76 billion. The influx of foreign partnerships and investments is playing a crucial role in enhancing current production levels in the poultry market.