
Saudi Arabia Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027
Description
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?
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.
Table of Contents
126 Pages
- Executive Summary
- Value and Volume Growth Analysis by Region
- Growth Analysis of Saudi Arabia Compared with Other Leading Countries in the Middle East & Africa Market
- PCC and PCE of Saudi Arabia Compared with Global and Middle East & Africa Markets
- Births - Live Birth Rates
- Births - Birth Rates by Region
- Births - Birth Rates by Type of Hospital
- Sociodemographic Trends
- Working Women
- Working Women - Legislation
- Breastfeeding Trends - Promotion
- Breastfeeding Trends - Prevalence
- Breastfeeding Trends - Duration
- Regulations
- Saudi Arabia Baby Food Sector Snapshot
- Market Size Analysis
- Manufacturer Shares
- Baby Milks
- Baby Cereals & Dry Meals
- Baby Wet Meals & Other
- Baby Finger Food
- Baby Drinks
- Imports
- Trends in Imports
- Imports
- Exports
- Trends in Exports
- Exports
- Channel Share Analysis
- Baby Food Retailing
- GDP Growth and Inflation
- Future Trends
- Definitions - Category
- Definitions - Terminology
- Appendix - The Baby Population: The baby population will decrease by 7% during 2021-27
- Appendix - Sector Value: In 2021, the market had value sales of $859.4 million of which milks accounted for $652.4 million
- Appendix - Sector Value: In constant price terms, sales posted an annual increase of 29.2% during 2015-21
- Appendix - Sector Volume: Baby food consumption amounted to 41.1 million kg in 2021
- Appendix - Per Capita Expenditure: In 2021, expenditure per baby aged zero-36 months stood at $496.4
- Appendix - Per Capita Expenditure: Spending in real terms rose by 29.7% over 2015-21
- Appendix - Per Capita Consumption: Intake per baby aged zero-three years was 23.7kg in 2021
- Appendix - Milks: In 2021, follow-on milk was the largest segment, accounting for 33.7% of value sales in the milks category
- Appendix - Value Forecasts: During 2021-27, the market is expected to achieve growth rate of 17%
- Appendix - Value Forecasts: Value sales in constant terms are set to reach SAR3,333.3 million ($888.9 million) in 2027
- Appendix - Volume Forecasts: Consumption of baby food is forecast to reach 35.77 million kg in 2027
- Appendix - Per Capita Forecasts: Per capita expenditure is expected to reach $624.6 per baby in 2027
- Appendix - Per Capita Forecasts: In constant terms, per capita expenditure is projected to reach SAR2,070 ($552) in 2027
- Appendix - Per Capita Forecasts: Intake per baby aged zero-three years is anticipated to reach 22.2kg in 2027
- Appendix - Exchange Rates (LCU per USD)
- Appendix - Store checks: A total of 136 SKUs were recorded by GlobalData, with the baby milks category making up the largest proportion
- Summary Methodology
Pricing
Currency Rates
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