Saudi Arabian Dairy Products Market Size, Status and Forecast 2021- Almarai Company, Sadafco, AlsafiDanone, Nestle, Mondelez International

Dairy Products Market - Growth, Trends, And Forecast (2019 - 2024)

This report focuses on Market status, future forecast, growth opportunity, key market and key players. The Dairy Products Market report covers the overall and all-inclusive analysis of the market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Industry Market. The study provides details such as the market share of companies in order to present a broader overview of the key players in the Dairy Products Market.

Saudi Arabian dairy products market is expected to register a CAGR of 3.56% during the forecast period of 2019-2024. There are many initiatives taken by the government and private companies for the further development of Dairy industries

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Market ByTop Leading Players-

Almarai Company, Sadafco, AlsafiDanone, Nestle, Mondelez International, Arla Foods, Al Faisaliah Group, Fonterra Co-Operative Group Limited, Groupe Bel

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Dairy Products Market is segmented by Distribution as Supermarkets and Hypermarkets, Convenience Stores, Specialty retailers, Pharmacies, Online retail and Others; and by Geography

Key Market Trends

Milk and Milk Products Consumption On Rise

A high per capita income, growing health-conscious population, and increasing interest of women in milk consumption are a few factors that are expected to help maintain the industrys growth at a CAGR of 7.81% during the forecast period .

The changing consumer preference toward healthier foods includes milk as one of the constituents in day-to-day consumption. For over four decades, the consumption of dairy has changed, from only consumption of milk to milk products, such as cheese, processed yoghurt, low-calorie butter, cream, and others. Milk is considered to be highly nutritional food by consumers.

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Supermarkets Remain the Fastest Growing Market

In 2018, Almarai dominated the fresh milk market with a majority share, followed by Danone. Milk market in the country is highly consolidated with multiple international players. As there is a huge gap between local production and consumption, it provides an opportunity for long term players. The government is ramping up efforts to increase local production by encouraging manufacturers and producers with incentives and subsidies. However, availability of brands like Danone in supermarkets/hypermarkets is expected to drive the market in the country.

Key Takeaways from this Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues

─Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries Saudi Arabianly for the market.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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