Saudi Arabia Yogurt Market is expected
to reach USD1045.26 million by the end of the forecast period. There has been
an increase in number of Saudi Arabian consumers opting for yogurt in their
cuisines and breakfast routine which is propelling the growth of the market.
Furthermore, increasing product offerings in the flavored segment are
attracting consumers towards adding yogurt to their regular diet. Also, the demand for low fat and fat free
yogurt has increased in the last couple of years due to changing food habits of
Saudi Arabian consumers, who have become more health conscious and this trend is
expected to continue in the forecast period as well.
Saudi Arabia Yogurt Market is
categorized by type (non-flavored, flavored), by fat content, (regular, low
fat, fat-free), by form (conventional yogurt, set yogurt, greek yogurt, frozen
yogurt, yogurt drinks and others), by packaging (pouches, plastic bottles, tetra packs and others, by distribution
channel (convenience stores, independent small grocers,
supermarket/hypermarket, online channel) and by region.
Based on the type, Saudi Arabia Yogurt
Market is segmented into categories such as non-flavored and flavored yogurt. As of 2020, non- flavored type yogurt
category held the largest market share in the Saudi Arabia Yogurt Market due to
the low cost and easy availability of regular yogurt in the supermarket shelves.
Furthermore, flavored category is expected to grow at a high CAGR in the forecast
period due to the increasing adoption of various yogurt flavors by the
consumers.
Based on the region, Saudi Arabia Yogurt
Market is segmented into Western Region, Northern & Central Region, Eastern
Region, Southern Region. Until 2020, Western Region held the largest market
share in the Saudi Arabia Yogurt Market due to its higher GDP and population
and increasing FMCG distributors in the region. Also, the Northern &
Central Region is another region capturing a major share in the yogurt market
of Saudi Arabia.
On the basis of the packaging type,
Saudi Arabia Yogurt Market is segmented into Pouches, Tetra Packs, Plastic Bottles and Others. In the base
year 2020, plastic bottles and others segment held the largest market together
due to increasing sales of yogurt drinks and various yogurt available in cups,
which are mainly offered with more expansive or specialised brands in the
yogurt segment.
Some of the leading manufactures in the
Saudi Arabia Yogurt Market include Almarai Company JSC, Saudi Dairy &
Foodstuff Co, National Agriculture Development Company (NADEC), Al Safi Danone
LLC, Halwani Brothers Co, United National Dairy Co, Nada Dairy, Najran Dairy
Co. Ltd, Arla Foods Middle East and Africa FZE and Marmum Dairy Farm LLC, among others. Leading players are
also focusing on expanding their product portfolio in Saudi Arabia to attract
consumers.
Years
considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast
Period: 2022-2026
Objective of the Study:
- To analyze historical growth in market size of
Saudi Arabia Yogurt Market from 2016 to 2020.
- To estimate and forecast the market size of Saudi Arabia Yogurt Market
from 2021 to 2026 and growth rate until 2026.
- To classify and forecast the of Saudi Arabia Yogurt Market
based on type, fat content, form, packaging type, distribution channels,
regional distribution.
·
To
define, classify and forecast Saudi Arabia Yogurt Market on the basis of segment
(Non-Flavored and Flavored)
·
To
scrutinize the detailed market segmentation and forecast the market size
segmenting Saudi Arabia Yogurt Market into four regions namely, Western Region, Northern
& Central Region, Eastern Region and Southern Region.
·
To
identify tailwinds and headwinds for Saudi Arabia Yogurt Market.
·
To
get an idea about the consumers’ behavior towards brand awareness, sources of
information and factors influencing purchase decision.
·
To
examine competitive developments such as
expansions, new product launches, supply contracts and mergers and acquisitions
in the Saudi Arabia Yogurt Market.
·
To
evaluate competitive pricing,
average market selling prices and trends in the Saudi Arabia Yogurt Market.
·
To
strategically profile the leading players, which are involved in the supply of yogurt
products in Saudi Arabia.
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TechSci Research performed primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of yogurt producers and suppliers in Saudi Arabia. TechSci
Research conducted primary research surveys with the identified companies. While
interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research was able to include producers that could
not be identified due to the limitations of secondary research. TechSci
Research analyzed product offerings, end use sector/s, and regional presence of
all major yogurt suppliers across the country.
TechSci
Research calculated the market size for Saudi Arabia Yogurt Market using a
bottom-up approach, wherein producers’ value sales data for different types of yogurt
such as (non-flavored and flavored), which was recorded and subsequently
forecast for the future years. TechSci Research sourced these values from
industry experts and company representatives and externally them validated them
through analyzing historical sales data of respective manufacturers to arrive
at the overall market size. Various secondary sources such as company annual
reports, white papers, investor presentations and financial reports were also
studied by TechSci Research.
Key Target Audience:
- Saudi
Arabia yogurt producers, suppliers, and other stakeholders
- Associations,
organizations, associations, and alliances related to dairy industry.
- Government
bodies such as regulating authorities and policy makers.
- Market
research and consulting firms
The study is useful in providing answers to several
critical questions that are important for industry stakeholders such as yogurt producers, distributors, suppliers, and policy makers to understand which market segments should be targeted over the coming years in order
to strategize investments and capitalize on growth of the market.
Report Scope:
In this report, Saudi Arabia Yogurt
Market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- Saudi
Arabia Yogurt Market, By Type:
- Saudi
Arabia Yogurt Market, By Fat Content:
- Saudi
Arabia Yogurt Market, By Form:
- Conventional
Yogurt
- Set
Yogurt
- Greek
Yogurt
- Frozen
Yogurt
- Yogurt
Drinks
- Others
- Saudi
Arabia Yogurt Market, By Packaging:
- Pouches
- Tetra Packs
- Plastic
Bottles
- Others
- Saudi
Arabia Yogurt Market, By Distribution Channel:
- Convenience
Stores
- Independent
Small Grocers
- Supermarket/Hypermarket
- Online
- Saudi
Arabia Yogurt Market, By Region:
- Western
Region
- Northern
& Central Region
- Eastern
Region
- Southern Region
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in the Saudi Arabia Yogurt Market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Channel Partner Analysis
- Detailed
list of distributors and dealers across the country.
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
Product Information
Detailed analysis of new
products in the market and their driving forces in the market.