Product Code: ETC017999 | 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 Dairy Products market currently, in 2023, has witnessed an HHI of 1003, Which has increased slightly as compared to the HHI of 1001 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 dairy products market in Saudi Arabia is expected to register a compound annual growth rate (CAGR) of 4.3% during the forecast period 2025-2031. This growth can be attributed to the increasing population, rising health consciousness among consumers, and growing demand for convenience food items such as cheese and milk powder. In addition, initiatives taken by government entities such as reducing import duties on dairy products have further boosted market demand.
Consumers in Saudi Arabia are becoming increasingly aware of their dietary choices due to increased access to information about the benefits of consuming nutritious foods. Dairy products offer essential nutrients such as proteins, calcium, vitamins A & D which has led to an increase in consumption both within households and outside them through outlets like supermarkets or cafes etc., thereby boosting revenue growth for this industry. With increasing wages over time coupled with positive economic indicators have all contributed towards an increase in per capita disposable incomes thus allowing consumers more purchasing power when it comes to buying food items including dairy products.
The availability of alternatives for dairy based fermented beverages along with non-dairy milk options like almond or soy milk have posed competition for traditional diary product suppliers leading them to look towards expanding product portfolios with innovative offerings. Due to arid climate conditions seen across many parts of Saudi Arabia suitable temperature control systems need to be implemented while storing perishables like fresh milk or butter thus leading companies into heavy investments related thereto.
Furthermore, current trends towards health food consumption are expected to drive further growth in this sector over coming years as more people opt for healthier alternatives such as low fat or organic milk and other dairy products which can help reduce cholesterol levels and provide essential nutrients like calcium & Vitamin D thereby increasing their immunity system during Covid-19 pandemic situation . This will increase sales volumes especially from retail outlets like supermarkets/hypermarkets & convenience stores catering specifically to online orders resulting in higher market revenue through 2031.
Key players operating in Saudi Arabia Dairy Products Market include Almarai Co., Nestle S.A., Arla Foods Inc., Danone S.A., Lactalis Group, Fonterra Co-operative Group Limited , Saputo Inc., Agropur Cooperative , Meiji Holdings Co Ltd , Dean Foods Company etc.
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 Dairy products Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Dairy products Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Dairy products Market - Industry Life Cycle |
3.4 Saudi Arabia Dairy products Market - Porter's Five Forces |
3.5 Saudi Arabia Dairy products Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Saudi Arabia Dairy products Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Saudi Arabia Dairy products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Dairy products Market Trends |
6 Saudi Arabia Dairy products Market, By Types |
6.1 Saudi Arabia Dairy products Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Dairy products Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Saudi Arabia Dairy products Market Revenues & Volume, By Butter , 2021-2031F |
6.1.4 Saudi Arabia Dairy products Market Revenues & Volume, By Cheese, 2021-2031F |
6.1.5 Saudi Arabia Dairy products Market Revenues & Volume, By Milk, 2021-2031F |
6.1.6 Saudi Arabia Dairy products Market Revenues & Volume, By Cream, 2021-2031F |
6.1.7 Saudi Arabia Dairy products Market Revenues & Volume, By Yoghurt, 2021-2031F |
6.1.8 Saudi Arabia Dairy products Market Revenues & Volume, By Buttermilk, 2021-2031F |
6.1.9 Saudi Arabia Dairy products Market Revenues & Volume, By Lactose-Free Dairy Products, 2021-2031F |
6.1.10 Saudi Arabia Dairy products Market Revenues & Volume, By Lactose-Free Dairy Products, 2021-2031F |
6.2 Saudi Arabia Dairy products Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Dairy products Market Revenues & Volume, By Supermarkets & Hypermarkets, 2021-2031F |
6.2.3 Saudi Arabia Dairy products Market Revenues & Volume, By Convenience Store, 2021-2031F |
6.2.4 Saudi Arabia Dairy products Market Revenues & Volume, By Online, 2021-2031F |
7 Saudi Arabia Dairy products Market Import-Export Trade Statistics |
7.1 Saudi Arabia Dairy products Market Export to Major Countries |
7.2 Saudi Arabia Dairy products Market Imports from Major Countries |
8 Saudi Arabia Dairy products Market Key Performance Indicators |
9 Saudi Arabia Dairy products Market - Opportunity Assessment |
9.1 Saudi Arabia Dairy products Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Saudi Arabia Dairy products Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Saudi Arabia Dairy products Market - Competitive Landscape |
10.1 Saudi Arabia Dairy products Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Dairy products Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |