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

Publisher GlobalData
Published Jun 28, 2024
Length 129 Pages
SKU # GBDT19029705

Description

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.

Table of Contents

129 Pages
Executive Summary
Market Environment
Value and Volume Share of Saudi Arabia in the Global and Middle East and Africa Markets
Growth Analysis of Saudi Arabia Compared to Other Leading Countries in the Middle East and Africa Market
PCC and PCE of Saudi Arabia Compared to the Global and Middle East and Africa Markets
Sector Deep Dive
Saudi Arabia Dairy & Soy Food Sector Snapshot
Market Size Analysis
Cross-Category Comparison Value Growth Analysis and Category Winners and Losers
Cross-Category Comparison Volume Growth Analysis and Category Winners and Losers
Category Deep Dive
Per Capita Consumption Analysis by Category
Market Size Analysis Category: Butter & Spreadable Fats
Segment-Level Analysis (in Value Terms) Butter & Spreadable Fats
Segment-Level Analysis (in Volume Terms) Butter & Spreadable Fats
Market Size Analysis Category: Cheese
Segment-Level Analysis (in Value Terms) Cheese
Segment-Level Analysis (in Volume Terms) Cheese
Market Size Analysis Category: Cream
Segment-Level Analysis (in Value Terms) Cream
Segment-Level Analysis (in Volume Terms) Cream
Market Size Analysis Category: Dairy-Based & Soy-Based Desserts
Segment-Level Analysis (in Value Terms) Dairy-Based & Soy-Based Desserts
Segment-Level Analysis (in Volume Terms) Dairy-Based & Soy-Based Desserts
Market Size Analysis Category: Drinkable Yogurt
Segment-Level Analysis (in Value and Volume Terms) Drinkable Yogurt
Market Size Analysis Category: Grain, Nut, Rice, Seed Milk Alternatives
Segment-Level Analysis (in Value Terms) Grain, Nut, Rice, Seed Milk Alternatives
Segment-Level Analysis (in Volume Terms) Grain, Nut, Rice, Seed Milk Alternatives
Market Size Analysis Category: Milk
Segment-Level Analysis (in Value Terms) Milk
Segment-Level Analysis (in Volume Terms) Milk
Market Size Analysis Category: Soymilk & Soy Drinks
Segment-Level Analysis (in Value and Volume Terms) Soymilk & Soy Drinks
Market Size Analysis Category: Yogurt
Segment-Level Analysis (in Value and Volume Terms) Yogurt
Distribution Analysis
Channel Share Analysis
Competitive Environment
Leading Companies Value and Volume Shares
Brand Share Analysis of Top Five Companies
Brand Share Analysis of Top Five Companies by Category
Degree of Consolidation/Fragmentation by Category
Health & Wellness Analysis
Health & Wellness Analysis by Category
Health & Wellness Analysis by Product Attributes
Health & Wellness Analysis by Consumer Benefits
Cross Category Comparison Products with H&W Claims Vs. Non-H&W Claims
Packaging Analysis
Pack Material Growth Analysis
Pack Type Growth Analysis
Closure Type Growth Analysis
Primary Outer Type Growth Analysis
Consumergraphics
Demographic Analysis
Macroeconomic Analysis
GDP Growth and Inflation
Population Growth
Labor Market Trend
Economic Summary, Labor Market Trends, and Demographic Trends
Saudi Arabia Risk Index (GCRI) 2024
Saudi Arabia Risk Analysis Compared to Global and Middle East and Africa Markets
Methodology
Definitions`
Appendix

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