Bread, by product acquires a major share of market revenue in Saudi Arabia bakery products market – 6WResearch
Bread accounts for the major share in the Saudi Arabia bakery products market and the trend would continue with higher growth rate as because of its demand and widespread use in residential landscape as it is a staple food in many urban households. Also, this product has a huge scope of growth owing to product differentiation factor.The market can be penetrated by entering niche market such as undertaking dietary breads, diabetic breads.
Convenience stores and hypermarkets, by distribution channel acquires a major revenue in Saudi Arabia bakery products market – 6WResearch
Convenience stores and hypermarkets accounts a major share in the Saudi Arabia bakery products market and the trend would continue with higher growth rate as the retail structure in the Kingdom majorly comprises of these two channels and is also preferred by consumers due to the availability and accessibility factors and also offers various choices to them.
According to 6Wresearch, Saudi Arabia bakery products market size is projected to grow at a CAGR of 3.3% during 2023-2029. The market would grow exponentially in coming years due to the developments ongoing in the Kingdom owing to the Saudi Vision 2030 and government initiatives through various projects. Also, the ongoing developments such as opening of restaurant chains and many others to make Saudi Arabia – A leisure tourism hub for foreign tourists will give a boost to bakery market.
According to Parth, Research Associate, 6Wresearch- Bread segment will be rising high, as it is a staple diet of many urban households which exponentially adds to its sales volumes and also this segment has a huge scope of product differentiation which further adds to its revenue generation potential.
According to Shivankar Guha, Research Analyst, 6Wresearch- Convenience stores and hypermarkets, by distribution channel, will be rising high as these channels occupy a major share in the retail structure of Kingdom of Saudi Arabia also it is preferred by consumers due to availability and accessibility factors.
“Saudi Arabia Bakery Products market (2023-2029)” report provides an in-depth analysis with 18 figures and 3 tables, covered in 64 pages. The report comprehensively covers the market by types, distribution channels, impact analysis and market trends. Saudi Arabia Bakery Products market report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Email Us: email@example.com
Call Now: +91-11-430-24-305