Posted On: 2019-10-21
Saudi Arabia natural & organic food market size is projected to grow at a CAGR of 15.9% during 2019-25– 6Wresearch
Saudi Arabia is the biggest food market in the GCC region, accounting for approximately two-thirds of the overall food consumption. Cases of chronic diseases such as diabetes, obesity and hypertension have witnessed an unprecedented rise in the Kingdom in recent years. Excessive intake of junk, unnaturally processed and non-organic food are few of the contributing factors behind the same. As a result, there has been a general shift in the public preference towards natural and organic food.
According to 6Wresearch, Saudi Arabia Natural & Organic Food Market Size is expected to grow at a CAGR of 15.9% during 2019-25. The Kingdom of Saudi Arabia is the most populated amongst all GCC nations. The population of the country is presently growing at a rate of almost 2% per annum. Additionally, the youth contributes more than 50% of the overall population. Thus, rapidly increasing population and growing affinity of the youth towards Western food culture are some of the factors that are driving the demand for organic food in the Kingdom.
According to Rachit Gulati, Assistant Manager, Research and Consulting, 6Wresearch, “The organic fruits & vegetables segment held the highest revenue share in the overall Saudi Arabia natural & organic food market in 2018. Organic fruits & vegetables constitute major share of the overall fruits & vegetables consumed in the country. However, with growing awareness regarding benefits of organic food consumption, the demand for other organic food items, such as organic dairy products, organic meat, fish and poultry would also surge over the coming years.”
According to Kanchan Negi, Senior Research Analyst, Research and Consulting, 6Wresearch, “By distribution channels, the offline mode of distribution is presently more popular among the consumers, with majority of the organic food readily available at supermarkets, hypermarkets, minimarkets etc. However, over the coming years, online distribution channel is projected to increase significantly owing to factors such as rising spending power, affinity to technology and increasing young and tech-savvy population.”
"Saudi Arabia Natural & Organic Food Market (2019-2025)" provides an in-depth analysis with 40 above figures covered in more than 100 pages. The report estimates and forecast the overall Saudi Arabia natural & organic food market by types, origin, distribution channels and regions including Central, Eastern, Western and Southern. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.