Saudi Arabia Plant-Based Milk Market Share, Revenue, Trends, Demand, Growth Strategy, Challenges, Opportunities and Future Competition Till 2033


Saudi Arabia Plant-Based Milk Market Share, Revenue, Trends, Demand, Growth Strategy, Challenges, Opportunities and Future Competition Till 2033: SPER Market Research

 Category : Food & Beverages

 Published: Jan-2024
 Author: SPER Analyst

Saudi Arabia Dairy Products Market is projected to be worth USD 8.26 billion by 2033 and is anticipated to surge at a CAGR of 4.01%.

Everything that is dairy is made using milk, which is primarily from animals such as sheep, goats, and cows. Dairy items that are frequently consumed include milk, cheese, yoghurt, butter, and cream. These products' main component, milk, provides a rich combination of essential elements like calcium, protein, minerals, and vitamins. These foods have several health benefits and are essential to human nutrition. Because they are high in calcium, they strengthen bones and reduce the risk of osteoporosis. Moreover, dairy products' proteins promote muscle growth and recovery. Vitamins, particularly vitamin D, which is included in dairy products, support healthy skin and strengthen the immune system.

Saudi Arabia Dairy Products Market Driving Factors and Challenges
Saudi Arabia's dairy products market is a vibrant industry that is shaped by a blend of modern trends and cultural customs. The nation has traditionally welcomed dairy consumption, consuming foods like yoghurt and fresh white cheeses. Innovations in production and rising demand have driven market growth in recent times. Notably, as health consciousness increases, there is a growing preference for hormone-free and organic dairy products. It's clear that plant-based milk substitutes and veganism are becoming more and more common worldwide. The effective shipping and storage of dairy products, along with technological developments in cold chain logistics, minimise loss. Support from the government for economic diversification encourages investments in regional dairy production, and cooperation with other countries guarantee a wide range of products, ensuring a bright future for the sector.

Customers are selecting more plant-based food options as a result of growing awareness of animal cruelty. Plant-based dairy products including soy milk, almond milk, non-dairy ice cream, cheese substitutes, and whipped cream are quickly making their way into the mainstream retail market due to the belief that they are safer and healthier. Rapid development of dairy substitutes with new product developments, such as non-dairy ice cream, cheese substitutes, and whipped creams, is predicted to impede market expansion. The rise in the dairy products market is hindered by the growing number of individuals who avoid lactose. 

Additionally, it is anticipated that rising cases of lactose intolerance, including allergies to milk or products derived from it, as well as the trend towards vegan diets due to the possible health advantages of such a lifestyle will potentially limit market growth during the projection period. Installing processing equipment requires a significant financial investment from dairy product manufacturers. Dairy product processors must pay for timely maintenance in addition to high installation costs; this is an expensive addition that reduces their operating margins. It is also anticipated that large capital expenditures will restrain market expansion.

Impact of COVID-19 on Saudi Arabia Dairy Products Market
In low-stock situations, the COVID-19 pandemic has caused a major influence on businesses and economies, leading to a shift in customer preferences towards new brands. Dairy items saw a spike in online demand during the first round of shutdowns, which led to higher out-of-stock levels and higher e-commerce pricing. Notable supply chain disruptions occurred, especially with dairy treats, as trade was impacted by Saudi Arabia's shutdown. The lockdown did, however, encourage a rise in interest in baking and cooking at home, which increased the market for dairy products like milk, butter, and cream. Furthermore, the nation has seen a persistent trend towards creative dairy products that can be consumed on the move and are prized for their quick and easy access to essential nutrients like protein and energy.

Saudi Arabia Dairy Products Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Almarai Company, Al-Othman Holding Company, Arla Foods AmbA, Danone SA, Fonterra Co-operative Group Limited, Groupe Lactalis, Nestlé SA, Saudia Dairy and Foodstuff Company (SADAFCO), The National Agricultural Development Company (NADEC), Others.

Saudi Arabia Dairy Products Market Segmentation:

By Category: Based on the Category, Saudi Arabia Dairy Products Market is segmented as; Butter (Cultured Butter, Uncultured Butter), Cheese (Natural Cheese, Processed Cheese), Cream (Double Cream, Single Cream, Whipping Cream, Others), Dairy Desserts (Cheesecakes, Frozen Desserts, Ice Cream, Mousses, Others), Milk (Condensed Milk, Flavored Milk, Fresh Milk, Powdered Milk, UHT Milk), Sour Milk Drinks, Yogurt (Flavored Yogurt, Unflavored Yogurt).

By Distribution Channel: Based on the Distribution Channel, Saudi Arabia Dairy Products Market is segmented as; Off-Trade (Convenience Stores, Online Retail, Specialist Retailers, Supermarkets and Hypermarkets, Others), On-Trade.

By Region: This research also includes data for Eastern Region, Northern and Central Region, Southern Region, Western Region.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

Join Our SPER Panel

Our Global Clients

Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
SPER-Astellas Pharma
SPER-Citi Bank
SPER-Johnson & Johnson


Market Research

We are the leading, full-service global market research and consulting company.

iso-1 iso-1 iso-1 ESOMAR
Secure Payments
SPER Payment Options
Contact HR

 [email protected]