High Consumption of milk and related products and changing lifestyle patterns along with the demand for on-the-go dairy products are some key factors driving the growth of Saudi Arabia’s dairy products market.
According to TechSci Research report, “Saudi Arabia Dairy Products Market – By Region, Competition Forecast & Opportunities, 2018-2028F”, Saudi Arabia Dairy Products Market is expected to grow at a higher pace during the forecast period due to various factors such as increasing health consciousness, rising demand for protein-rich meals, and rising consumption of high-end dairy products, particularly dairy sweets. Additionally, the demand for dairy products in sports nutrition is one of the key factors anticipated to propel the expansion of the Saudi Arabia Dairy Products Market over the anticipated years.
The dairy sector in Saudi Arabia is experiencing an increase in demand for value-added dairy products such as ghee, butter, cheese, ice cream, probiotic drinks, and others. Demand for value-added dairy products is rising in Saudi Arabia due to a variety of factors, including rising disposable income, population increase, altered eating patterns brought on by western culture, etc. Furthermore, during the projection period, the demand for value-added products in Saudi Arabia is projected to be boosted by product advancements in dairy products with added value, such as reduced-fat cheese, sugar-free ice cream, and flavored yogurt.
The Saudi Arabian Dairy Products Market is declining as the rise in veganism and the preference of the vegan population for plant-based diets over dairy products. Moreover, The Saudi Arabian Dairy Products Market will encounter challenges due to the high cost of these products. Some of the major challenges limiting the region dairy products market’s expansion are lactose intolerance, dairy allergy, consumer shift toward plant-based foods, and misconceptions regarding milk consumption. However, it is anticipated that the availability of cholesterol-free substitutes such as toned milk, soy milk, rice milk, potato milk, and almond milk will restrain the growth of the Saudi Arabia Dairy Products Market over the forecast period.
The increase in dairy products has been made feasible by simple packaging, marketing, healthy products, and accessibility. Supermarkets have been essential in displaying dairy products for customers. Various companies manufactures milk and milk-related products for both the domestic market and the global market. The Saudi Arabia dairy products industry is growing because of laws governing halal drinks and the rising demand for packaged dairy goods. Several foreign companies are entering the market, as the country significantly depends on imports to meet its dairy needs.
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Saudi Arabia Dairy Products Market is segmented into type and distribution channel. Based on product type, the market is segmented into drinking milk, butter, cheese, yogurt, and others. Among these, the drinking milk segment holds the largest market share and is predicted to continue dominating the industry. Due to the rising number of consumers who are health-conscious and aware of the advantages of milk consumption.
Based on distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, Bakala, online, & others. The country’s dairy market is dominated by the supermarkets and hypermarkets segments since leading dairy producers offer their products at these facilities. Additionally, a variety of dairy products are offered in supermarkets and hypermarkets because of the government’s efforts to boost dairy productivity.
The market also studies regional segment which includes western, northern & central, eastern, and southern.
Key market players in the global Saudi Arabia Dairy Products Market include:
- Almarai Compan
- Saudia Dairy and Foodstuff Company (SADAFCO)
- National Agriculture Development Company (NADEC
- Mondelēz Arabia for Trading LLC
- Al Muhaidib Group (Nestle)
- Al Faisaliah Group
- Al Othman Agriculture Production and Processing Company (NADA)
- Danya Foods Ltd
- Al Safi Danone Ltd
- Pinar Dairy Food Co
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“The demand for dairy products in Saudi Arabia is increasing as consumers’ awareness of the benefits of milk and related products is growing. The market has also been fueled by new milk-related product developments since the top market players frequently launch new and competitive products that foster market expansion by increasing the use of dairy products for a variety of uses. In the upcoming years, it is anticipated that the market for dairy-derived products would grow due to the increasing demand for on-the-go products which will also increase the demand for dairy in Saudi Arabia.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Saudi Arabia Dairy Products Market By Type (Drinking Milk, Butter, Cheese, Yogurt & Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Bakala, Online, & Others), By Region, By Company, By Company, Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of dairy products in the Saudi Arabia market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Saudi Arabia dairy products market.
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