The Saudi Arabia Food & Beverage Market size is estimated at USD 23.48 billion in 2024, and is expected to reach USD 27.83 billion by 2029, growing at a CAGR of 3.44% during the forecast period (2024-2029).
The food and beverage market in Saudi Arabia is highly competitive. Local players are emerging to cater to the demand for dairy products and other food and beverage products in the country. Some of the major companies are Almarai Company, SADAFCO, National Agriculture Development Company (NADEC), Nestle S.A, Tanmiah Food Company, The Kellogg Company, and others.
The major players are focusing on introducing new and innovative products in the market to cater to the interests of the consumers. Additionally, the companies are following strategies that include the provision of products through e-commerce (own website and third parties) websites to facilitate a larger targeted audience. Moreover, to gain a competitive advantage, the key players try to differentiate their offerings and compete on different factors, including product offerings, flavor, price, quality, packaging format, and marketing activities.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook