Saudi Arabia Dairy Products Market is Dominated by Drinking Milk During the Forecast Period
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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