Posted On: 2020-11-24
Organic dairy products are expected to hold the largest revenue share in Saudi Arabia natural & organic food market during the forecast period- 6Wresearch
As half of the total population is under the age of 25 years, Saudi Arabia natural & organic food market would be driven by factors such as growing inclination to adopt healthy life style and eating safe & nutritional food among the young population couple with government support programs and initiatives to improve the facilities and service for farmers engaged in organic farming.
According to 6Wresearch, Saudi Arabia natural & organic food market size is projected to grow at CAGR of 17.4% during 2020-2026. The natural & organic food market in Saudi Arabia is majorly import driven by US and European countries and there is small percentage of domestic production in the country. Furthermore, in order to increase the percentage share of domestic production in the country, the government of Saudi Arabia has started few initiatives such as providing financial and non-financial benefits to farmers cultivating crops organically and increasing awareness among inhabitants regarding their food habits, safety and cleanliness which would augment the demand for natural & organic food items in the next few years.
According to Apoorva Sawhney, Research Analyst, 6Wresearch, “In 2019, the country was the largest consumer of dairy products in GCC region with 60% of market volume share in overall dairy products market owing to extensive consumption of milk, cheese, cream, natural butter, etc in restaurants, fast food chains, food outlets and homes on day to day basis. Further, it is anticipated that the aforementioned market share would increase in the coming years, therefore, based on types, natural & organic dairy product would continue to mark its dominance in the coming years.”
“Furthermore, with increasing number of food retail outlets in the country along with rising consciousness among youth for living disease free life, the market revenues for organic fruits & vegetables would witness substantial growth in the forthcoming years.” Apoorva concluded
Some of the major companies in Saudi Arabia natural & organic food market are Arla Foods, NADEC, Danone, Organic Valley, etc.
“Saudi Arabia natural & organic food market (2020-2026) report provides an in-depth analysis with more than 23 figures and 2 tables covered in more than 65 pages.” The report estimates and forecast the overall Saudi Arabia natural & organic food market by revenues, types, distribution channel, origin and regions. 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 device and align their market strategies according to the current and future market dynamics.