Saudi Arabia Dairy Products Market Growth, Size, Trends, Share, Revenue and Future Competition

Saudi Arabia Dairy Products Market Size- By Category, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Saudi Arabia Dairy Products Market Size- By Category, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Jan 2024 Report ID: FOOD2406 Pages: 1 - 104 Formats*:     
Category : Food & Beverages
Saudi Arabia Dairy Products Market Introduction and Overview 

According to SPER Market Research, the Saudi Arabia Dairy Products Market is estimated to reach USD 8.26 billion by 2033 with a CAGR of 4.01%.

The report includes an in-depth analysis of the Saudi Arabia Dairy Products Market, including market size and trends, product mix, applications, and supplier analysis. Products classified as dairy come from milk, which is primarily from animals such as sheep, goats, and cows. Dairy items like milk, cheese, yoghurt, butter, and cream are frequently consumed. The main component of these goods is milk, which provides a comprehensive combination of essential elements like calcium, protein, minerals, and vitamins. These foods are essential to human nutrition and provide a host of health benefits. Thanks to their high calcium content, they promote strong bones and reduce the risk of osteoporosis. Dairy products also contain proteins that aid in muscle growth and recovery. Vitamins support healthy skin and strengthen the immune system, particularly vitamin D, which is included in dairy products.

  • May 2022:  The Saudia Dairy and Foodstuff Company (SADAFCO) has declared plans to build a new sales facility in Makkah, Saudi Arabia's holiest city.
  • August 2021: Saudia Dairy and Foodstuff Company established an ice cream facility in Jeddah as part of its growth.
  • June 2021: To increase the scope of its offerings, Almarai, a well-known dairy firm in the Middle East, paid AED 215 million (USD 58.54 million) for the production plant owned by Binghatti Beverages Manufacturing in the United Arab Emirates. By expanding the selection of beverage goods available in the area, this acquisition is anticipated to improve Almarai's capacity to service its clientele.
Saudi Arabia Dairy Products Market
Market Opportunities and Challenges
Since dairy makes up a large portion of the Saudi Arabian diet, the country's dairy sector is characterised by high consumption of milk and milk products. The nation places a high value on dairy products to satisfy its dietary needs, which propels the dairy industry. Furthermore, a number of Saudi Arabian meals need to be prepared with milk and cheese, which drives up demand for dairy products in the home market. The market has also been driven by product innovations in the cheese category, as major companies in the industry have been consistently introducing competitive new goods that encourage market expansion by expanding the uses of dairy products for various purposes. A growing population, rising consumer personal disposable income, rising health consciousness, rising milk production in developing countries, and rising consumption of foods high in protein. These are just a handful of the elements boosting the market for dairy products.

However, growing awareness of animal welfare is driving consumer preferences towards plant-based alternatives, impacting the dairy products market. Perceived as healthier and safer, plant-based options like soy milk, almond milk, non-dairy ice cream, cheese analogs, and whipped cream are gaining mainstream popularity. The market faces hindrance from the rise of innovative plant-based alternatives, including non-dairy ice cream, cheese substitutes, and whipped creams. Additionally, lactose intolerance and the shift towards vegan diets for health reasons pose challenges, limiting dairy market growth. Moreover, substantial capital investments for processing equipment and ongoing maintenance further impact operating margins, potentially constraining market expansion.

Saudi Arabia Dairy Products Market


Market Competitive Landscape
The Saudi Arabia Dairy Market is moderately consolidated. The major players in the Saudi Arabia Dairy Products Market include: 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. To improve their market position, major corporations concentrate more on corporate expansion and innovative product and package design.

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Category, By Distribution Channel
 Regions coveredEastern Region, Northern Region, Southern Region, Western Region
 Companies CoveredAlmarai 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
COVID-19 Impact on Saudi Arabia Dairy Products Market
Businesses and economies have been greatly affected by the COVID-19 pandemic, which has caused consumers to switch to new brands in low-stock situations. Online demand for dairy products spiked during the first round of shutdowns, driving up e-commerce costs as a result of higher out-of-stock levels. Supply chains were noticeably disrupted, especially in the case of dairy treats, and trade was impacted by Saudi Arabia's shutdown. On the other hand, the lockdown increased people's interest in baking and cooking at home, which increased the demand for dairy products like milk, butter, and cream. Furthermore, there is a persistent national trend towards creative dairy products that can be consumed on-the-go and are prized for their quick and easy access to energy and protein among other nutritional benefits.

Key Target Audience:
  • Children and Families
  • Consumers
  • Dairy Processors and Manufacturers
  • Distributors and Wholesalers
  • Export and Import Entities
  • Fitness Enthusiasts
  • Foodservice Industry
  • Retailers
  • Others
Our in-depth analysis of the Saudi Arabia Dairy Products Market includes the following segments:
By Category:
  • Butter
  • Cheese
  • Cream
  • Dairy Desserts
  • Milk
  • Sour Milk Drinks
  • Yogurt
  • By Distribution Channel:
  • Off-Trade
  • On-Trade
  • By Region:
  • Eastern Region
  • Northern and Central Region
  • Southern Region
  • Western Region
  • Key Topics Covered in the Report:
    • Saudi Arabia Dairy Products Market Size (FY’2023-FY’2033)
    • Overview of Saudi Arabia Dairy Products Market
    • Segmentation of Saudi Arabia Dairy Products Market By Category (Butter, Cheese,  Cream, Dairy Desserts, Milk, Sour Milk Drinks, Yogurt)
    • Segmentation of Saudi Arabia Dairy Products Market By Distribution Channel (Off-Trade, On-Trade)
    • Statistical Snap of Saudi Arabia Dairy Products Market 
    • Expansion Analysis of Saudi Arabia Dairy Products Market 
    • Problems and Obstacles in Saudi Arabia Dairy Products Market
    • Competitive Landscape in the Saudi Arabia Dairy Products Market
    • Impact of COVID-19 and Demonetization on Saudi Arabia Dairy Products Market 
    • Details on Current Investment in Saudi Arabia Dairy Products Market
    • Competitive Analysis of Saudi Arabia Dairy Products Market 
    • Prominent Players in the Saudi Arabia Dairy Products Market 
    • SWOT Analysis of Saudi Arabia Dairy Products Market 
    • Saudi Arabia Dairy Products Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Saudi Arabia Dairy Products Market 

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Saudi Arabia Dairy Products Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Dairy Products Market 

    7. Saudi Arabia Dairy Products Market, By Category (USD Million)
    7.1. Saudi Arabia Dairy Products Market Value Share and Forecast, By Category, 2023-2033
    7.2. Butter
    7.2.1. Cultured Butter
    7.2.2. Uncultured Butter
    7.3. Cheese
    7.3.1. Natural Cheese
    7.3.2. Processed Cheese
    7.4. Cream
    7.4.1. Double Cream
    7.4.2. Single Cream
    7.4.3. Whipping Cream
    7.4.4. Others
    7.5. Dairy Desserts
    7.5.1. Cheesecakes
    7.5.2. Frozen Desserts
    7.5.3. Ice Cream
    7.5.4. Mousses
    7.5.5. Others
    7.6. Milk
    7.6.1. Condensed Milk
    7.6.2. Flavored Milk
    7.6.3. Fresh Milk
    7.6.4. Powdered Milk
    7.6.5. UHT Milk
    7.7. Sour Milk Drinks
    7.8. Yogurt
    7.8.1. Flavored Yogurt
    7.8.2. Unflavored Yogurt

    8. Saudi Arabia Dairy Products Market, By Distribution Channel (USD Million)
    8.1. Saudi Arabia Dairy Products Market Value Share and Forecast, By Distribution Channel, 2023-2033
    8.2. Off-Trade
    8.2.1. Convenience Stores
    8.2.2. Online Retail
    8.2.3. Specialist Retailers
    8.2.4. Supermarkets and Hypermarkets
    8.2.5. Others
    8.3. On-Trade

    9. Saudi Arabia Dairy Products Market Forecast, 2019-2033 (USD Million)
    9.1. Saudi Arabia Dairy Products Market Size and Market Share

    10. Saudi Arabia Dairy Products Market, By Category, 2019-2033 (USD Million)
    10.1. Saudi Arabia Dairy Products Market Size and Market Share By Category (2019-2026)
    10.2. Saudi Arabia Dairy Products Market Size and Market Share By Category (2027-2033)

    11. Saudi Arabia Dairy Products Market, By Distribution Channel, 2019-2033 (USD Million)
    11.1. Saudi Arabia Dairy Products Market Size and Market Share By Distribution Channel (2019-2026)
    11.2. Saudi Arabia Dairy Products Market Size and Market Share By Distribution Channel (2027-2033)

    12. Saudi Arabia Dairy Products Market, By Region, 2019-2033 (USD Million)
    12.1. Saudi Arabia Dairy Products Market Size and Market Share By Region (2019-2026)
    12.2. Saudi Arabia Dairy Products Market Size and Market Share By Region (2027-2033)
    12.3. Eastern Region
    12.4. Northern and Central Region
    12.5. Southern Region
    12.6. Western Region

    13. Company Profile
    13.1. Almarai Company
    13.1.1. Company details
    13.1.2. Financial outlook
    13.1.3. Product summary 
    13.1.4. Recent developments
    13.2. Al-Othman Holding Company
    13.2.1. Company details
    13.2.2. Financial outlook
    13.2.3. Product summary 
    13.2.4. Recent developments
    13.3. Arla Foods AmbA
    13.3.1. Company details
    13.3.2. Financial outlook
    13.3.3. Product summary 
    13.3.4. Recent developments
    13.4. Danone SA
    13.4.1. Company details
    13.4.2. Financial outlook
    13.4.3. Product summary 
    13.4.4. Recent developments
    13.5. Fonterra Co-operative Group Limited
    13.5.1. Company details
    13.5.2. Financial outlook
    13.5.3. Product summary 
    13.5.4. Recent developments
    13.6. Groupe Lactalis
    13.6.1. Company details
    13.6.2. Financial outlook
    13.6.3. Product summary 
    13.6.4. Recent developments
    13.7. Nestlé SA
    13.7.1. Company details
    13.7.2. Financial outlook
    13.7.3. Product summary 
    13.7.4. Recent developments
    13.8. Saudia Dairy and Foodstuff Company (SADAFCO)
    13.8.1. Company details
    13.8.2. Financial outlook
    13.8.3. Product summary 
    13.8.4. Recent developments
    13.9. The National Agricultural Development Company (NADEC)
    13.9.1. Company details
    13.9.2. Financial outlook
    13.9.3. Product summary 
    13.9.4. Recent developments
    13.10. Others 
     
    14. List of Abbreviations

    15. Reference Links

    16. Conclusion

    17. Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Saudi Arabia Dairy Products Market is projected to reach USD 8.26 Billion by 2033, growing at a CAGR of 4.01% during the forecast period.
    Saudi Arabia Dairy Products Market grew in market size from 2023. The Market is expected to reach USD 8.26 Billion by 2033, at a CAGR of 4.01% during the forecast period.
    Saudi Arabia Dairy Products Market CAGR of 4.01% during the forecast period.
    Saudi Arabia Dairy Products Market size is USD 8.26 Billion from 2023 to 2033.
    Saudi Arabia Dairy Products Market Segment is Covered By Category, By Distribution Channel
    The Middle East region is anticipated to have the highest market share in Saudi Arabia Dairy Products Market.
    The key players in the market include Companies Covered 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
    A growing population, rising consumer personal disposable income, rising health consciousness, rising milk production in developing countries, and rising consumption of foods high in protein. These are just a handful of the elements boosting the market for dairy products.
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