saudi arabia dairy market size, share & forecast 2025

MARKET INTELLIGENCE . CONSULTING

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SAUDI ARABIA DAIRY MARKET

FORECAST & OPPORTUNITIES

2015 – 2025

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Scope of ReportProduct of Interest (POI): Dairy

Review Period

2015 – 2018

Base Year

2019

Estimated Year

2020

Forecast Period

2021 – 2025

Year Range

Saudi Arabia dairy market is projected to grow at a substantial CAGR during the forecast period. Risingconsumption of milk and milk-based products, stringent import & export regulations and policiesregarding halal beverages, increasing demand for packaged halal foods among non-Muslims andincreasing Muslim population in the country is further anticipated to spur the growth of the dairymarket in the country. In terms of type, the market is fragmented into drinking milk, butter, cheese,yogurt & others.

DAIRY MARKET

Market Segmentation

TYPE

• Drinking Milk

• Butter

• Cheese

• Yogurt

• Others

REGION

• Western Region

• Central Region

• Eastern Region

• Rest of Saudi Arabia

• Store based

• Non-Store based

DISTRIBUTION CHANNEL

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Table of Contents

Contents

1. Product Overview: Dairy

2. Research Methodology

3. Executive Summary

4. Voice of Customer

4.1. Product Awareness

4.2. Product Quality

4.3. Factors Influencing Purchase Decision

5. Saudi Arabia Dairy Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Type (Drinking Milk, Butter, Cheese, Yogurt & Others)

5.2.2. By Distribution Channel (Store and Non-Store based)

5.2.3. By Company

5.2.4. By Region

5.3. Market Attractiveness Index

6. Saudi Arabia Drinking Milk Market Outlook


6.1.1. By Value


6.2.2. By Distribution Channel

6.3. Pricing Analysis

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Table of Contents

Contents

7. Saudi Arabia Butter and Margarine Market Outlook


7.1.1. By Value




8. Saudi Arabia Cheese Market Outlook


8.1.1. By Value




9. Saudi Arabia Yoghurt Market Outlook


9.1.1. By Value




10. Market Dynamics

10.1. Drivers

10.2. Challenges

11. Market Trends & Developments

12. Policy & Regulatory Landscape

13. Saudi Arabia Economic Profile

14. Competitive Landscape

14.1. Company Profiles (Top 10 Companies)

15. Strategic Recommendations

16. About Us & Disclaimer

RESEARCH METHODOLOGY

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Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the Saudi Arabia dairy

market, overall market size and segmental market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about the Saudi Arabia dairy

market.

Data

Collection

Data Filter

& AnalysisResearch &

Intelligence

Actionable

InsightsBusiness

Solution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

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Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of Saudi Arabia dairy market. The team has analyzed the outlook of

various segments of this market, while considering the major influencing factors such as rising consumption of milk and milk-based products along with

stringent import and export regulation and policies regarding halal beverages. The study includes market forecasting, which would enable our clients to

take better decisions while planning their strategy to achieve sustainability in Saudi Arabia dairy market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value : Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive secondary

research and primary surveys, with various key opinion leaders/stakeholders, such as dairy companies, suppliers, channel partners, end users, industry

experts, and other industry participants.

• The team interviewed more than 40 – 50 dairy companies, suppliers, 180 – 200 end users, 15 – 20 industry experts and other value chain stakeholders in

the Saudi Arabia dairy market to obtain the overall market size from 2015 to 2019, which was validated by the Delphi technique. Taking standard

deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-2019.

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• Respondents were asked about the current and future market growth rates, market shares by type, by distribution channel, by region and by

company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various

segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from

other stakeholders.

Methodology Followed for Calculation of Market Shares:

Market shares by type, by distribution channel, by region and by company were calculated based on the responses received through primary surveys

with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of dairy market. The

final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Saudi Arabia dairy

market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

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TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used

the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that

the figures compiled are only for the organized market including market share data.

Partial List of Companies Interviewed Key Secondary Sources

▪ Al Safi Danone LLC

▪ Nada Dairy

▪ Nadec

▪ Sadafco

▪ Almarai

▪ Freisland

▪ World Bank

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ Statista

▪ News Dailies

▪ Credible Paid Databases

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Industry Brief

According to TechSci Research report, “Saudi Arabia Dairy Market By Type (Drinking Milk, Butter, Cheese, Yoghurt & Others), By DistributionChannel (Supermarket/Hypermarket, Grocery Retail, Discount Store, Online, & Others), By Region, Forecast & Opportunities, 2025”, the market isgrowing at a rapid pace and is anticipated to undergo a double digit CAGR during the forecast period. Key factors propelling the growth of SaudiArabia dairy market are flourishing dairy industry and entry of new market players. The growing consumption of milk and other dairy productscoupled with increasing awareness pertaining to the benefits of milk and related products are also accelerating the growth of dairy market in thecountry. Furthermore, popularity of packaged dairy goods and increasing inclination of consumers towards health & fitness are expected to fuelthe market growth in next five years. Also, several international dairy product manufactures are gaining popularity in Saudi Arabia which isleading to flourishing dairy industry in Saudi Arabia.

Saudi Arabia dairy market is also growing significantly due to aggressive advertising being used as a key marketing tool by dairy productmanufactures through various channels. Moreover, availability of dairy products in convenient packaging is also acting as a growth driver for themarket. Apart from this, thriving e-commerce industry and increased circulation of dairy products on online channels are anticipated to augmentthe dairy market growth during the forecast period. The country is also witnessing establishment of large commercial dairy farms andmanufacturers are adopting advanced technologies to meet the growing requirement for dairy products.Saudi Arabia dairy market can be segmented based on type, distribution channel and region. Based on type, the market can be categorized intodrinking milk, butter, cheese, yoghurt and others. Among them, drinking milk segment held the largest market share until 2019 and is furtherexpected to undergo fastest growth during the forecast period owing to growing number of health-conscious population who are aware aboutthe benefits of milk consumption.

Based on distribution channel, Saudi Arabia dairy market can be segmented into supermarket/hypermarket, grocery retail, discount store, onlineand others. Among them, supermarket and hypermarket held largest market share in terms of revenue until 2019 owing to government’s effortto increase dairy productivity and availability of wide variety of dairy products in these stores. However, online channels are expected to undergosignificant CAGR through 2025 owing to growing popularity of several e-commerce sites in the country.Major players operating in the Saudi Arabia dairy market are Al Safi Danone Ltd, Nada Dairy, Nadec, Saudia Dairy and Foodstuff Company(Sadfco) , Ornua, Danya Foods Ltd, Al Amoudi Group, Almarai, Freisland, Pinar Dairy Food Co and Friesland Arabia Ltd. Leading companies areadopting growth strategies such as new product launches, mergers & acquisitions and joint ventures.

“Saudi Arabia is witnessing shift in the consumption pattern of consumers towards healthier diet. Popularity of dairy products like ice cream andshakes are providing profitable growth opportunities for dairy market. In coming years, the country is expected to become one of the largestmarket for dairy industry with easy availability of these products on various platforms. In addition to this, increasing consumption of butter andcheese and boom in food &beverage industry are further supporting the growth of Saudi Arabia dairy market growth,” said Mr. Karan Chechi,Research Director with TechSci Research, a research based global management consulting firm.

https://www.techsciresearch.com/report/saudi-arabia-dairy-market/1570.html

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Sample Data - Snapshot

Saudi Arabia Dairy Market Size, By Value (USD Million), 2015–2025F

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

2015 2019 2020E 2025F

By Value (USD Million)CAGR BY VALUE: XX% CAGR BY VALUE: XX%

Saudi Arabia Dairy Market Share, By Type, By Value, 2015–2025F

20%20%20%20%20%20%20%20%20%20%20%

20%20%20%20%20%20%20%20%20%20%20%

20%20%20%20%20%20%20%20%20%20%20%

20%20%20%20%20%20%20%20%20%20%20%

20%20%20%20%20%20%20%20%20%20%20%

2015

2016

2017

2018

2019

2020E

2021F

2022F

2023F

2024F

2025F

Drinking Milk Butter Cheese Yogurt Others

Saudi Arabia Drinking Milk Market Share, By Distribution Channel, By Value, 2015–2025F

50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%

50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%

2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F

Store based

Non-Storebased

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Report Name: SAUDI ARABIA DAIRY MARKET

FORECAST & OPPORTUNITIES2015 – 2025

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About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas

to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting

models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and

global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the

market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or

complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand.

However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results

obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together

with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal

consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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