The Saudi Arabian dairy products market is projected to register a CAGR of 4.71 % during the forecast period (2022-2027).
COVID-19 has a significant impact on businesses and economies. A major issue is the disrupted supply chains, including dairy snacks, as, during the lockdown, Saudi Arabia closed their borders or raised trade barriers. However, during the lockdown, there was a rising interest in cooking and baking at home, which has led to the increased demand for dairy products like milk, butter, and cream. Also, the increasing demand for innovative on-the-go dairy products is consistently trending in the country as it is a quick and convenient source of nutrition, energy, and protein.
Over the medium term, the Saudi Arabian dairy market is marked by high consumption of milk and milk products, as dairy forms a major part of the Saudi Arabian diet. The country gives high importance to dairy products to meet its dietary requirements, which drives the dairy market.
Additionally, several Saudi Arabian dishes require milk and cheese in their preparation, thereby propelling the demand for the dairy market in household consumption. Saudi Arabia also stands out as a major dairy importer globally, importing large volumes of milk and dairy products, including cheese.
The Saudi Arabian dairy market is marked by the high consumption of milk and milk products, as dairy forms a major part of the Saudi Arabian diet. The country gives high importance to dairy products to meet its dietary requirements, which drives the dairy market. Additionally, several Saudi Arabian dishes require milk and cheese in their preparation, thereby propelling the demand for the dairy market in household consumption. Saudi Arabia also stands out as a major dairy importer globally, importing large volumes of milk and dairy products, including cheese. Product innovations with respect to cheese have also been driving the market studied, as leading market players have frequently been launching new and competitive products that favor market growth by increasing the usage of dairy products for different purposes.
Saudi dairy producers, particularly of milk, have always been the market leaders in the Gulf in terms of quality and quantity. Saudi dairy producers not only sell their products in the Kingdom but within the entire Gulf region, especially the United Arab Emirates, from their farms and plants in the Eastern and Central Provinces. The rising per capita milk consumption, an increasing population, and the demand for a nutrient-rich diet are rapidly driving the market's growth. Milk is a good source of protein, calcium, magnesium, potassium, Vitamin B12, and others which can play a key role in improving bone health, cognitive function, muscle growth, as well as facilitating weight loss. Thus, these factors are further driving the sales of milk in the country. The expanding population and the development in retail opportunities, which offer a variety of white milk products under the following labels: low-fat, vitamin-enriched, and organic, boost the demand. Furthermore, the popularity of new product lines, such as on-the-go portion packs of flavored milks, is boosting the market studied.
The dairy market in Saudi Arabia is highly competitive, with a large number of local players catering to the demand for milk products in the country. Some of the major companies are Almarai Company, Sadafco, National Agriculture Development Company (NADEC), Mondelez International,Arla Foods,Al Faisaliah Group,Fonterra Co-Operative Group Limited, AlSafi Danone Company (ASD),BEL SA,Nestle holding a major market share, among others. The major players are focusing on introducing new and innovative products in the market to cater to the interests of the consumers. New product innovation is the most preferred strategy in the dairy snacks market. Additionally, the companies are following strategies that include the provision of products through e-commerce (own website and third parties) websites to facilitate a larger targeted audience. Moreover, in order to gain a competitive advantage, the key players try to differentiate their offerings and compete on different factors, including product offerings, flavor, price, quality, packaging format, and marketing activities.
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COVID-19 has a significant impact on businesses and economies. A major issue is the disrupted supply chains, including dairy snacks, as, during the lockdown, Saudi Arabia closed their borders or raised trade barriers. However, during the lockdown, there was a rising interest in cooking and baking at home, which has led to the increased demand for dairy products like milk, butter, and cream. Also, the increasing demand for innovative on-the-go dairy products is consistently trending in the country as it is a quick and convenient source of nutrition, energy, and protein.
Over the medium term, the Saudi Arabian dairy market is marked by high consumption of milk and milk products, as dairy forms a major part of the Saudi Arabian diet. The country gives high importance to dairy products to meet its dietary requirements, which drives the dairy market.
Additionally, several Saudi Arabian dishes require milk and cheese in their preparation, thereby propelling the demand for the dairy market in household consumption. Saudi Arabia also stands out as a major dairy importer globally, importing large volumes of milk and dairy products, including cheese.
Key Market Trends
Augmented Demand for Processed Dairy Products
The Saudi Arabian dairy market is marked by the high consumption of milk and milk products, as dairy forms a major part of the Saudi Arabian diet. The country gives high importance to dairy products to meet its dietary requirements, which drives the dairy market. Additionally, several Saudi Arabian dishes require milk and cheese in their preparation, thereby propelling the demand for the dairy market in household consumption. Saudi Arabia also stands out as a major dairy importer globally, importing large volumes of milk and dairy products, including cheese. Product innovations with respect to cheese have also been driving the market studied, as leading market players have frequently been launching new and competitive products that favor market growth by increasing the usage of dairy products for different purposes.
Milk Remains the Largest Segment
Saudi dairy producers, particularly of milk, have always been the market leaders in the Gulf in terms of quality and quantity. Saudi dairy producers not only sell their products in the Kingdom but within the entire Gulf region, especially the United Arab Emirates, from their farms and plants in the Eastern and Central Provinces. The rising per capita milk consumption, an increasing population, and the demand for a nutrient-rich diet are rapidly driving the market's growth. Milk is a good source of protein, calcium, magnesium, potassium, Vitamin B12, and others which can play a key role in improving bone health, cognitive function, muscle growth, as well as facilitating weight loss. Thus, these factors are further driving the sales of milk in the country. The expanding population and the development in retail opportunities, which offer a variety of white milk products under the following labels: low-fat, vitamin-enriched, and organic, boost the demand. Furthermore, the popularity of new product lines, such as on-the-go portion packs of flavored milks, is boosting the market studied.
Competitive Landscape
The dairy market in Saudi Arabia is highly competitive, with a large number of local players catering to the demand for milk products in the country. Some of the major companies are Almarai Company, Sadafco, National Agriculture Development Company (NADEC), Mondelez International,Arla Foods,Al Faisaliah Group,Fonterra Co-Operative Group Limited, AlSafi Danone Company (ASD),BEL SA,Nestle holding a major market share, among others. The major players are focusing on introducing new and innovative products in the market to cater to the interests of the consumers. New product innovation is the most preferred strategy in the dairy snacks market. Additionally, the companies are following strategies that include the provision of products through e-commerce (own website and third parties) websites to facilitate a larger targeted audience. Moreover, in order to gain a competitive advantage, the key players try to differentiate their offerings and compete on different factors, including product offerings, flavor, price, quality, packaging format, and marketing activities.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Samples
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Companies Mentioned
A selection of companies mentioned in this report includes:
- Almarai Company
- Sadafco
- AlsafiDanone
- Nestle
- Mondelez International
- Arla Foods
- Al Faisaliah Group
- Fonterra Co-Operative Group Limited
- BEL SA
Methodology
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