Press release
Saudi Arabia Organic Dairy Market is Estimated to Witness a Promising Growth during the period 2020-2027 | Size & Forecast Report
The Saudi Arabia Organic Dairy Market is estimated to grow at a faster CAGR over the forecast period (2020-2027).For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/organic-dairy-market-analysis-saudi-arabia/
The factors driving growth of the Saudi Arabia Organic Dairy Market includes increasing consumers inclination towards adopting healthy lifestyles, growing demand for organic milk products such as milk products such as cheese, processed yogurt and low-calorie butter and improvements in the living standards. For instance, the revenue generated from the sales of USD 259 million by the end of 2022, growing at a CAGR of 4% over the forecast period (2022-2027), which will accelerate the Saudi Arabia Organic Dairy Market size in the approaching years. Moreover, growing adoption of advanced technologies by manufacturers, increasing availability of organic dairy products at online stores, rise in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the Saudi Arabia Organic Dairy Market Growth. In addition, the increasing investments by major corporations on research and development, strategic partnerships, and collaborations between key industry players, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
Based on Product Type, the Fluid Milk segment is predicted to capture the largest market share during the forecast period
Growing demand for fluid milk products such as skimmed milk, standardized milk and reconstituted milk, introduction of innovative products and rising per capita incomes, are some of the factors pushing the segments' growth.
Based on Packaging Type, the Tetra-packs segment is projected to hold the highest market share over the forecast period
Tetra pack cartons comes with different layers of packaging, retains the nutritional values of products, and can be recycled easily, are some of the factors propelling the segment's growth.
Based on Distribution Channel, the Supermarkets & Hypermarkets segment is anticipated to expand at a remarkable CAGR during the forecast period
Supermarkets offer wide range of organic dairy products, at attractive discounts, provides the option of free home delivery on certain purchases and are open 24*7, are some of the important factors augmenting the segment's growth.
Key Development
In 2018, Arla Foods Amba, introduced its first branded organic milk in Saudi Arabia. Through this expansion, the company aims to capture the changing demand of people in the country and making organic as a mainstream choice for all.
Market Segmentation
Segmentation by Product Type
Fluid Milk
Yogurt
Cheese
Butter
Cream
Others
Segmentation by Packaging Type
Pouches
Tetra-packs
Bottles
Cans
Others
Segmentation by Distribution Channel
Supermarkets & Hypermarkets
Convenience stores
Online
Speciality stores
Others
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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