The sheep farming project involves raising and caring for sheep to produce meat, wool, milk, and hides. This activity is one of the oldest practices undertaken by humans since the dawn of history due to its economic, nutritional, and social benefits.
A successful sheep farming project requires several key factors, including selecting the appropriate breed, providing shelters, necessary facilities, and canopies to protect the sheep from harsh weather conditions, as well as ensuring proper nutrition, healthcare, and preventive vaccinations.
Mashroo3k Consulting emphasizes that sheep farming can be highly profitable, especially when it is well-planned and based on a sound scientific study.
In 2021. The global market value of sheep milk reached USD 6.12 billion and is expected to reach USD 8.09 billion, thus achieving a CAGR of 4.1% during the period (2021-2028).
As for sheep meat, the global production of it in 2020 AD reached about 15.61 million tons, and according to the FAO, the world’s production in 2021 AD exceeded 16.4 million tons. Global production is expected to reach 17.06 million tons by 2026. During the forecast period (2023-2028), your project emphasizes that global production will increase at a CAGR of 1.8%.
There are many reasons why investing in a sheep farming project in Saudi Arabia is a good and profitable idea. Among the most important of these reasons: High demand. and government support. and the presence of suitable natural resources. and the direction of the Kingdom’s vision towards environmental sustainability.
The Kingdom produces 178 thousand tons of red meat. Its consumption is 414,000 tons. The self-sufficiency rate is 43%.
Saudi Arabia imports $1.9 billion worth of meat. It imports lamb and goat meat worth about $191.6 million.
