Saudi Arabia Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027

Saudi Arabia Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027

Summary

“Saudi Arabia Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027” is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Indian market.

The number of live births in Saudi Arabia increased by 4.4% during 2009-2021, to reach 0.6 million in 2021. This resulted in a baby population of 1.7 million in 2021. The GDP of the country grew by 2.6% in 2021 primarily owing to the successful COVID-19 vaccination campaigns, while consumer price inflation stood at 3.1%. Overall growth in value terms has increased in recent years with the sector registering a CAGR of 5.9% during 2015-2021. Similarly, in volume terms, sales increased in 2021, with the sector growing at a CAGR of 3.4%. Baby milks remained the largest category in value terms with 75.9% share of the overall baby food sector, followed by baby cereals & dry meals in 2021. Nestlé, Abbott Laboratories, and Danone Group together accounted for a combined near three-quarter share of baby food value sales in 2021. Drug stores & pharmacies remained the leading distribution channel, accounting for nearly 57.4% of overall value sales in 2021. GlobalData estimates that the market for baby food in the country is expected to grow in value terms, registering a value CAGR of 2.7%. However, in volume terms the market is expected to contract at a negative volume CAGR of 1.5% during 2021-2027.

What else does this report offer?

• Consumption data based upon a unique combination of industry research, fieldwork, market sizing work and our in-house expertise to offer extensive data about the trends and dynamics affecting the industry.
• Detailed profile of the companies operating and new companies considering entry in the industry along with their key focus product sectors.
• Market profile of the various product sectors with the key features & developments, segmentation, per capita trends and the various manufacturers & brands.
• Overview of baby food retailing with a mention of the major retailers in the country along with the distribution channel.
• Future projections considering various trends which are likely to affect the industry.

• Value sales of the baby milks category increased from SAR1.8 billion ($471.2 million) in 2015 to SAR2.4 billion ($652.4 million) in 2021, registering a CAGR of 5.6% during 2015-21. The category accounted for the highest share of the overall baby food sector, amounting to 75.8% in value terms in 2021.
• Volume sales of the baby cereals & dry meals category increased from 7.78 million kg in 2015 to 8.56 million kg in 2021, recording a CAGR of 1.6%.
• Value sales of the baby wet meals & other category grew from SAR63.1 million ($16.8 million) in 2015 to SAR125 million ($33.3 million) in 2021, registering a CAGR of 12.1%.
• During 2015-21, per capita consumption of baby finger food increased by 30.1%, to reach 0.2kg in 2021.
• During the same period, per capita expenditure on baby drinks increased by 25% in current price terms, and by 14.4% in constant price terms.

• Evaluate important changes in consumer behavior and identify profitable markets and areas for product innovation.
• Analyse current and forecast behavior trends in each category to identify the best opportunities to exploit.
• Detailed understanding of consumption by individual product categories in order to align your sales and marketing efforts with the latest trends in the market.
• Investigates which categories are performing the best and how this is changing market dynamics.