Saudi Arabia Confectionery Market to be dominated by Chocolate through 2027
Changing dietary habits and high demand for organic
confectionery products are driving the demand of Saudi Arabia confectionery
market in the forecast period, 2023-2027.
According to TechSci Research
report, “Saudi Arabia Confectionery Market By Region, Competition Forecast & Opportunities, 2027”, the Saudi Arabia confectionery market
is expected to grow at a steady rate in the forecast period, 2023-2027.
Confectionery includes those food items consisting of carbohydrates and sugar.
Cookies, gummies, chocolates, mint are some examples of confectionery items.
Consumer eating habits are changing rapidly, which has led to the innovation
and experiments in the confectionery food items by the market players to meet
the changing needs. Adopting unhealthy eating habits and busy lifestyles gives
rise to many lifestyle-related diseases and disorders among consumers. Obesity,
diabetes, and cardiovascular disorders are serious diseases that can pose dire
consequences on an individual's health. Consumers are shifting towards
low-calorie and sugar-free food items to stay healthy and fit. The introduction
of sugar-free chocolates is anticipated to influence the market demand to meet
consumers' need for reduced sugar intake. The rise in consumers' awareness
about the benefits of eating healthy is making the market players include
nutritious and healthy items in the confectionery food items. The inclusion of
tropical fruit, nut-based and exotic flavors, organic flavors, and functional
ingredients to enhance the nutritional value of the confectionery food items
are expected to fuel the demand for Saudi Arabia confectionery market.
Saudi Arabia imports
confectionery products from various countries, namely Belgium, Russia, and
Germany, as there is a high demand for exotic food items. Also, the market
players are working on developing logistics and supply chains to meet the
growing consumer requirements and meet the demand-supply gap.
However, the fluctuations in
the prices of raw materials such as sugar and high packaging costs may restrain
the Saudi Arabia confectionery market growth in the forecast period.
Browse over XX market
data Figures spread through 70 Pages and an in-depth TOC on "Saudi
Arabia Confectionery Market"
https://www.techsciresearch.com/report/saudi-arabia-confectionery-market/10540.html
The Saudi Arabia confectionery
market is segmented into product type, distribution channel, regional
distribution, and competitive landscape.
Based on product type, the
market is divided into chocolate, sugar candy, and gum candy. The chocolate segment is expected to hold
the largest market share in the forecast period. People buy confectionery
products to satiate their taste buds. High acceptance of westernized food and
the changing consumer daily food intake habits are creating lucrative growth
opportunities for the market players to introduce new flavors into the market.
Based on distribution
channel, the market is divided into supermarkets/hypermarket, independent
grocery stores, convenience stores/forecourt retailers, departmental store,
non-store retailing (online store). The supermarkets/hypermarkets segment is
expected to account for significant market share in the forecast period due to
the increased adoption of these markets in the Saudi region. People prefer to
spend their leisure time in supermarkets/hypermarkets as they can get all the
daily basic needs and other requirements in a single place. Also, these markets
have space to display a large variety of confectionery products which makes the
shopping experience pleasurable for consumers. Consumers can easily compare the
products belonging to different brands based on their nutritional content,
packaging, size, and chocolate type in supermarkets/hypermarkets and get hefty
discounts.
Major market players
operating in Saudi Arabia confectionery market are:
·
Mars
Saudi Arabia
·
Ferrero
Rocher (Abudawood)
·
Mondelez
International
·
Nestle
Saudi Arabia LLC
·
Meiji
Holdings Co., Ltd
·
The
Hershey Company
·
Chocoladefabriken
Lindt & Sprüngli AG
·
Perfetti
Van Melle Group
·
General
Mills, Inc.,
·
Grupo
Arcor S.A.
Download Sample Report@ https://www.techsciresearch.com/sample-report.aspx?cid=10540
Customers can
also request for 10% free customization on this report.
“Adopting a sedentary
lifestyle, a rise in the working population, and increasing modernization
accelerate the demand for convenience products as a part of their daily diet.
The busy lifestyle of consumers disallows them to dine out and spend time
cooking during office hours, thereby fueling the demand for quick-to-eat
confectionery food items such as chocolate bars and on-the-go snacks.
Manufacturers are introducing healthy and small in-sized packaged confectionery
food items to carry to office premises and are investing in innovations and
experiments to find new flavors and types of confectionery food. The entry of
local market players, the high disposable income of the consumers, and the
massive demand for on-the-go snacks are expected to propel the Saudi Arabia
confectionery market growth till 2027” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Saudi Arabia
Confectionery Market By Product Type (Chocolate, Sugar Candy, and Gum Candy),
By Distribution Channel (Supermarkets/Hypermarket, Independent Grocery Stores,
Convenience Stores/Forecourt Retailers, Departmental Store, Non-Store Retailing
(Online Store)), By Distribution Channel (Direct Vs. Retail), By Region,
Competition Forecast & Opportunities, 2027”, has evaluated the future
growth potential of Saudi Arabia confectionery 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 confectionery market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com