Product Code: ETC018179 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Saudi Arabia Confectionery market currently, in 2023, has witnessed an HHI of 968, Which has increased slightly as compared to the HHI of 784 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Saudi Arabia confectionery market is expected to register a CAGR of 5.2% during the forecast period 2025-2031. The Kingdom??s confectionery products have evolved from traditional and regional variants to international varieties, mainly due to increased consumer spending and changing tastes & preferences in food consumption patterns over recent years. Thus, factors such as rising population, growing disposable income levels, increasing health awareness among consumers are driving the growth of the Saudi Arabia confectionery market.
With the increase in wages and salaries across most sectors in Saudi Arabia, there has been an increase in their per capita GDP thereby leading to higher disposable incomes for individuals who can now afford branded products available at a premium price point for luxury items like chocolates or candies which were previously considered out of reach of most people; this is also aided by an influx of foreign workers into the country with much higher purchasing power than local nationals thus gaining traction for these type of product categories. Due to heightened awareness about healthy diet along with availability of functional food options that offer added nutrition value while still being tasty enough for children is helping parents make informed choices when it comes to what they feed their families; manufacturers are taking up an opportunity here by introducing low/zero calorie versions of their existing offerings so as not miss out on any potential sales resulting from this trend shift among consumers towards healthier lifestyles away from sugary snacks or treats.
There is intense competition faced by domestic players within the sector due to influx imported products flooding local markets sourced mainly from countries like Turkey and Germany where production costs are significantly lower compared those incurred domestically making them more attractive propositions in terms current pricing structure; this makes it difficult especially smaller scale operations obtain competitive advantage over larger corporations which have established presence regionally as well internationally without having absorb losses associated with high cost structures typically present locally manufactured variants.
The Covid-19 pandemic has had a negative impact on the market due to reduced consumer spending resulting from lockdowns imposed across various regions in order to contain transmission rates.
Key Players operating in the market are Mondel??z International Inc., Mars Wrigley Confectionery US, LLC, Ferrero Group, Nestle S A, and Almarai Co Ltd.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Confectionery Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Confectionery Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Confectionery Market - Industry Life Cycle |
3.4 Saudi Arabia Confectionery Market - Porter's Five Forces |
3.5 Saudi Arabia Confectionery Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Saudi Arabia Confectionery Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Saudi Arabia Confectionery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Confectionery Market Trends |
6 Saudi Arabia Confectionery Market, By Types |
6.1 Saudi Arabia Confectionery Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Confectionery Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Saudi Arabia Confectionery Market Revenues & Volume, By Sugar, 2021-2031F |
6.1.4 Saudi Arabia Confectionery Market Revenues & Volume, By Chocolate, 2021-2031F |
6.1.5 Saudi Arabia Confectionery Market Revenues & Volume, By Fine Bakery Wares, 2021-2031F |
6.1.6 Saudi Arabia Confectionery Market Revenues & Volume, By Others, 2021-2031F |
6.2 Saudi Arabia Confectionery Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Confectionery Market Revenues & Volume, By Supermarket/Hypermarket, 2021-2031F |
6.2.3 Saudi Arabia Confectionery Market Revenues & Volume, By Specialist Retailers, 2021-2031F |
6.2.4 Saudi Arabia Confectionery Market Revenues & Volume, By Online Retail Stores, 2021-2031F |
6.2.5 Saudi Arabia Confectionery Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.2.6 Saudi Arabia Confectionery Market Revenues & Volume, By Other Distribution Channels, 2021-2031F |
7 Saudi Arabia Confectionery Market Import-Export Trade Statistics |
7.1 Saudi Arabia Confectionery Market Export to Major Countries |
7.2 Saudi Arabia Confectionery Market Imports from Major Countries |
8 Saudi Arabia Confectionery Market Key Performance Indicators |
9 Saudi Arabia Confectionery Market - Opportunity Assessment |
9.1 Saudi Arabia Confectionery Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Saudi Arabia Confectionery Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Saudi Arabia Confectionery Market - Competitive Landscape |
10.1 Saudi Arabia Confectionery Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Confectionery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |