Saudi Arabia Dairy Market Size, Share, Trend & Forecast 2027

 

Saudi Arabia Dairy Market

The Saudi Arabia Dairy Market is anticipated to grow at a r oust CAGR during the forecast period (2020-2027).

The factors driving the growth of Saudi Arabia Dairy Market includes growing demand for dairy products in Saudi Arabia, increasing consumers inclination towards adopting healthy lifestyles and rise in the application of dairy products in the local cuisine. According to the report published by Food and Agriculture Organization of Untied Nations, the Dairy products import in Saudi Arabia increased by from 2,524 thousand tonnes in 2019 to reach 2,864 tonnes of milk in 2020, which will boost the Saudi Arabia Dairy Market size in the coming years. Moreover, the increasing awareness about the health benefits of consuming dairy products, easy accessibility of milk products through traditional stores and online platforms and the entry of international players in the Dairy products market, are some of the additional factors supplementing the market growth. In addition, the increasing investments by the leading players on developing advanced packaging solutions, growing population rates, rising internet penetration and tax incentives given by the Government to the dairy products companies, are further propelling the market’s growth.

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The leading players operating in the market are SADAFCO, Nadec, Najran Dairy Co. Ltd., United National Dairy Co., Marmum Dairy LLC, Almarai Company, FrieslandCampina, Nestle, Nada Dairy, Arla Foods Saudi Arabia and FrieslandCampina, among others.

Product Type: Segment Analysis

Based on Product Type, the yogurt segment is predicted to expand at a significant CAGR over the forecast period. The growing demand for yogurt products in the food and beverage industry, rising availability of yogurt on the online platforms and increasing awareness amongst consumers about the health benefits of yogurt, are some of the important factors responsible for the overall growth of the segment.

Distribution Channel: Segment Analysis

Based on Distribution Channel, the supermarkets/hypermarkets segment is expected top capture the largest market share during the forecast period. The easy availability to dairy products in supermarkets along with huge discounts offered by these stores with free delivery options, are propelling the segment’s growth.

In contrast, the Online segment is anticipated to expand at a remarkable CAGR during the forecast period. The online platforms provide consumers options to compare the price of the product and can be ordered anytime along with increasing smartphone penetration and rising influence of western culture on the Society, are some of the factors augmenting the growth of the segment.

Market Segmentation

Saudi Arabia Dairy Market by Product Type

  • Milk
  • Cheese
  • Butter
  • Dairy Desserts
  • Yogurt
  • Others

Saudi Arabia Dairy Market by Distribution Channel

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Specialist Retailers
  • Online Retail stores
  • Others

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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