Saudi Arabia Non-Alcoholic Drinks Market to Grow with Surging Population until 2026
Surging
demand from young population is driving the growth of Saudi Arabia
Non-alcoholic drinks Market, in the forecast period, 2022-2026.
According to TechSci report on, “Saudi
Arabia Non-alcoholic
drinks Market By
Product Type (Bottled Water, Fruit Juices & Flavored Drinks, Carbonated
Soft drinks, Functional/Energy & Sports Drinks, Others) By Packaging
(Bottles, Cans, Cartons, Others) By Distribution Channel (Convenience Stores,
Supermarkets/Hypermarkets, Online, Departmental Store and Others (Institutional
Sales, KIOSK)) By Region, Competition Forecast & Opportunities, 2026”, Saudi
Arabia non-alcoholic drinks market
has shown promising growth in historical years until 2019 and is expected to
continue its growth in upcoming forecast years 2021 to 2026. Saudi Arabia non-alcoholic
drinks market owes its growth to the factors like rapidly increasing health
conscious consumers in the country. General awareness about the alcoholic
drinks and their harmful effects on health if prolonged and excessive
consumption is conducted. The factors are actively driving the growth of the
Saudi Arabia non-alcoholic drinks market in the next five years. Also, rising
inclination of the younger generation toward soda, carbonated drinks, and
energy drinks is aiding to the growth of the market in the upcoming five years.
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The Saudi Arabia
non-alcoholic drinks market is segmented on the basis of product type,
packaging, distribution channel, competitional landscape, and regional distribution.
Based on packaging, the market is bifurcated again into bottles, cans, cartons,
and others. Bottles are anticipated to hold the largest revenue shares of the
market on the account of surge in the demand of bottled drinks in the recent
years. The consumers are more inclined for the bottle packaging in terms of its
storage as well as the larger consumption volume bottle provide. Can packaging
is being populated in the last five years. Sodas, carbonated drinks, soft
drinks became popular in historical years. Moreover, the trend of cans among
the consumers aided to the growing demand and the segment is anticipated to
hold significant shares of the market in the upcoming five years.
Based on product
type, the market is further segmented into bottled water, fruit juices &
flavored drinks, carbonated soft drinks, functional/energy & sports drinks,
and others. Bottled water is anticipated to hold the largest revenue shares of
the market and assert its dominance over the growing segments on the account of
surge in demand. As one of the GCC countries, the country suffers immensely
with the availability of the natural water. Bottled water is one of the most
demanded commodities through citizens of the country. Also, flourishing tourism
industry is also aiding the demand of bottled water in the country thereby
supporting the growth of the market segment in the consecutive five years from
2021. Fruit juices & flavored drinks are anticipated to hold significant
shares of the market on the account of rising number of health conscious
consumers and surging demand from the young population. Sports professional and
athletic consumers are influencing the demand of energy drinks & sports
drinks thereby aiding the growth of the Saudi Arabia non-alcoholic drinks market
in the next five years.
A partial list
of market player in the Saudi Arabia non-alcoholic drinks market includes
Nestle water factory co ltd, Saudi snack food co. ltd, Al AUJAN holding
company, AQUAT food industries co. Ltd, Middle East & North Africa beverages
manufacturing co, Gulf union food company, DANYA foods ltd company, Tania water
factory, Hana food industries company, Arrow beverage factory, National factory
for foodstuff production AL WAHA, ABULJADAYEL beverages inc. (ab), Saudi
Arabia, Al AMOUDI beverage industries company, BERAIN water & beverages
factory, International refreshments co. Ltd. (IRC), Saudi Arabia, among others.
These market players hold larger shares of the market than the new market
players. Rapidly evolving trends and advancing techniques of manufacturing
various kinds of soft drinks, sodas, and other non-alcoholic drinks is also
aiding the growth of the market in the upcoming years. New market players may
focus on the research and development to provide products that satisfies the
consumer demand as well as benefits the market players in building their brand
value. Other competitive strategies include mergers & acquisitions and new
product developments.
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“Non-alcoholic drinks are popular worldwide. Saudi Arabia non-alcoholic
drinks market is bound to show exquisite growth in the next five years.
Research and development can be conducted for the advancement of the
non-alcoholic drinks and evolving techniques for their packaging would
influence the consumer inclination toward the product. New market players may
involve themselves with the extensive research and development. Though,
aggressive advertisement, and idol promotions would help build the brand name
and its position in the already flourishing market,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Saudi
Arabia Non-alcoholic drinks Market By Product Type (Bottled Water, Fruit Juices
& Flavored Drinks, Carbonated Soft drinks, Functional/Energy & Sports
Drinks, Others) By Packaging (Bottles, Cans, Cartons, Others) By Distribution
Channel (Convenience Stores, Supermarkets/Hypermarkets, Online, Departmental
Store and Others (Institutional Sales, KIOSK)) By Region, Competition Forecast
& Opportunities, 2026” has
evaluated the future growth potential of Saudi Arabia non-alcoholic drinks market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in Saudi Arabia non-alcoholic drinks market.
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