Saudi Arabia Dairy & Soy Food - Market Assessment and Forecasts to 2028

Saudi Arabia Dairy & Soy Food - Market Assessment and Forecasts to 2028

Saudi Arabia Dairy & Soy Food - Market Assessment and Forecasts to 2028

Summary

The dairy & soy food sector in Saudi Arabia is led by the milk category in both value and volume terms during 2023. The cream category is forecast to register the fastest value and volume growth during 2023-28. Hypermarkets & supermarkets is the leading channel for the distribution of dairy & soy food products in the country. Rigid plastics is the most commonly used pack material in the in the sector. Almarai, Nadec, and National Food Industries LLC, were the top three companies in the Saudi Arabian dairy & soy food sector.

This report explores the developing trend for ""better for you"" alcoholic beverages, examining why these products are rising in popularity, who is an attractive consumer target for such innovation, what forms such products are taking on the market, and what challenges must be considered in pursuing effective strategies for brand building in this market.

Key Highlights

• Per capita consumption of dairy & soy food in Saudi Arabia was higher than regional and global levels in 2023.
• The per capita consumption of milk was higher in Saudi than other dairy & soy food categories in 2023
• Hypermarkets & supermarkets was the leading distribution channel in Saudi Arabia's dairy & soy food sector, with a value share of 45.9% in 2023
• Almarai accounted for a value share of 28.2% in 2023

Scope

• Alcohol consumption is one of the first focal points for changed behavior when consumers seek to pursue healthier lifestyles.
• Half of drinkers globally state they are often or always influenced in their product choice by how an alcoholic beverage impacts their health and wellbeing.
• More than two thirds of alcohol consumers find products that have been fortified with added nutrients to be somewhat or very appealing.

Reasons to Buy

• Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
• Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
• Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning
• Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
• Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.