Saudi Arabia confectionery market is anticipated to register a steady CAGR during the forecast period, 2023-2027. The high per capita income of consumers and the trend of gifting confectionery products such as bakery items and chocolates are the primary factors driving Saudi Arabia confectionery market. Also, the growing popularity of online sales channels and the adoption of engaging marketing techniques by the market players to attract customers into buying confectionery products are the other factors boosting the demand for Saudi Arabia confectionery market over the forecast period.

High Demand Among Millennials Drives the Market Growth

Millennials are the highest consumers of confectionery products. The brand targets the audience by adopting trends such as offering consumers hot and spicy products, colorful packaging, popping candy, and personalized packaging options. Consumers are shifting towards buying luxurious and premium chocolates. Consumers demand customized and specific chocolates such as ‘quality for chocolate; ‘melt in the mouth chocolate’, making the market platers experiment and introduce new flavors and product types.

Also, with growing health-consciousness among the millennials, the demand for healthy snacking is expected to grow at a rapid rate. The market players are introducing confectionery products in small packaging to let the millennials eat in small portions and save the rest of the products to eat later. The high consumption of confectionery products among the millennials and the adoption of attractive marketing strategies by the consumers to induce brand loyalty in the millennials is expected to boost Saudi Arabia confectionery market growth over the next five years.

Growing Adoption of Online Sales Channel Boosts the Market Demand

The proliferation of smart devices and the high internet penetration is fueling the demand for e-commerce platform among consumers. Market players are using these online portals to give access to consumers to buy from the convenience and comfort of their homes. Consumers are actively buying through the use of online sales channels as it provides them with flexible payment options like cash on delivery, card payment, net banking, and others. They can have doorstep delivery in a short time period. The market players offer lucrative offers and discounts on purchasing confectionery products of their brands to gain a competitive edge in the market. The strong competition among the market players and the rapid shift of market players towards online sales channels are expected to bolster the market demand over the next five years.

Prevalent Gifting Culture Supports the Market Growth

The high expenditure capacity of the consumers and the rapid urbanization enable them to afford a quality lifestyle. The per capita income is around USD 20110.32 thousands as of March 2020 in Saudi Arabia. Gifting is a common and personal practice adopted by the majority of the population of Saudi Arabia, and Saudis bring a small gift as a token of thanks if invited to another home. Consumers prefer to gift premium chocolates as an alternative to dry fruits and traditional sweets, making the market players offer chocolates and other products in colorful packaging. The consumers' high demand for gift sets is driving the market players to introduce confectionery products in gift sets, which is expected to propel the Saudi Arabia confectionery market over the forecast period.


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Market Segmentation

The Saudi Arabia confectionery market is segmented into product type, distribution channel, regional distribution, and competitive landscape. Based on product type, the market is divided into chocolate, sugar candy, and gum candy. Based on distribution channel, the market is divided into supermarkets/hypermarket, independent grocery stores, convenience stores/forecourt retailers, departmental store, non-store retailing (online store). To analyze the market based on the region, the Saudi Arabia confectionery market is studied in major regions namely western, central, southern, eastern and northern.

Market Players

Mars Saudi Arabia, Ferrero Rocher (Abudawood), Mondelez International, Nestle Saudi Arabia LLC, Meiji Holdings Co., Ltd, The Hershey Company, Chocoladefabriken Lindt & Sprüngli AG, Perfetti Van Melle Group, General Mills, Inc., Grupo Arcor S.A., are the major market players operating in the Saudi Arabia confectionery market.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Product Type

·         Distribution Channel

Regional scope

Western, Central, Southern, Eastern and Northern

Key companies profiled

Mars Saudi Arabia, Ferrero Rocher (Abudawood), Mondelez International, Nestle Saudi Arabia LLC, Meiji Holdings Co., Ltd, The Hershey Company, Chocoladefabriken Lindt & Sprüngli AG, Perfetti Van Melle Group, General Mills, Inc., Grupo Arcor S.A.

Customization scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Saudi Arabia confectionery market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Saudi Arabia Confectionery Market, By Product Type:
    • Chocolate
    • Sugar Candy
    • Gum Candy
  • Saudi Arabia Confectionery Market, By Distribution Channel:
    • Supermarkets/Hypermarket
    • Independent Grocery Stores
    • Convenience Stores/Forecourt Retailers
    • Departmental Store
    • Non-Store Retailing
      • Online Store
  • Saudi Arabia Confectionery Market, By Region:

o   Western

o   Central

o   Southern

o   Eastern

o   Northern

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia confectionery market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Saudi Arabia confectionery market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected] 

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.     Product Overview: Confectionery

2.    Research Methodology

3.    Executive Summary

4.    Impact of Covid-19 on Saudi Arabia Confectionery Market

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Affecting Purchase Decision

5.3.  Sources of Information

5.4.  Frequency of Usage & Purchase

6.    Saudi Arabia Confectionery Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1. By Product Type (Chocolate, Sugar Candy, and Gum Candy)

6.2.2. By Distribution Channel (Supermarkets/Hypermarket, Independent Grocery Stores, Convenience Stores/Forecourt Retailers, Departmental Store, Non-Store Retailing (Online Store))

6.2.3. By Region (Western, Central, Southern, Eastern and Northern)

6.2.4. By Company (2021)

6.3.  Market Map (By Product Type, By Distribution Channel, By Region)

7.    Saudi Arabia Chocolate Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Distribution channel

7.3.  Pricing Analysis

8.    Saudi Arabia Sugar Candy Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Distribution channel

8.3.  Pricing Analysis

9.    Saudi Arabia Gum Candy Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Distribution channel

9.3.  Pricing Analysis

10.  Supply Chain Analysis

11.  Import & Export Analysis

12.  Market Dynamics

12.1.  Drivers

12.2.  Challenges

13.  Market Trends & Developments

14.  Policy & Regulatory Landscape

15.  Saudi Arabia Economic Profile

16.  Competitive Landscape

16.1.    Company Profiles

16.1.1.  Mars Saudi Arabia

16.1.2.  Ferrero Rocher (Abudawood)

16.1.3.  Mondelez International

16.1.4.  Nestle Saudi Arabia LLC

16.1.5.  Meiji Holdings Co., Ltd

16.1.6.  The Hershey Company

16.1.7.  Chocoladefabriken Lindt & Sprüngli AG

16.1.8.  Perfetti Van Melle Group

16.1.9.  General Mills, Inc.,

16.1.10.                Grupo Arcor S.A.

17. Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]