Market Insights Consumer Food Bread & Cereal Products

Other Cereal Products - Saudi Arabia

Saudi Arabia

Revenue in the Other Cereal Products market amounts to €1.32bn in 2024. The market is expected to grow annually by 2.73% (CAGR 2024-2029).
In global comparison, most revenue is generated in Egypt (€13,880m in 2024).
In relation to total population figures, per person revenues of €35.14 are generated in 2024.
In the Other Cereal Products market, volume is expected to amount to 0.46bn kg by 2029. The Other Cereal Products market is expected to show a volume growth of 1.8% in 2025.
The average volume per person in the Other Cereal Products market is expected to amount to 11.8kg in 2024.

Key regions: Canada, Spain, South Korea, United States, Japan

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Other Cereal Products Market in Saudi Arabia has seen minimal growth due to factors such as low consumer awareness and limited availability of online services. Despite the growth rate being negligible, the market is expected to see some growth in the coming years with the increasing demand for healthy and convenient food options.

Customer preferences: As health and wellness continue to be a top priority for consumers in Saudi Arabia, there has been a rise in demand for healthier and more nutritious cereal options, such as gluten-free and organic varieties. This trend is driven by a growing awareness of the importance of a balanced diet and the influence of Western dietary preferences. Additionally, there has been an increase in demand for on-the-go breakfast solutions, as busy lifestyles and long work hours have led to a shift towards convenience and easy-to-prepare options.

Trends in the market: In Saudi Arabia, there is a growing trend of health-conscious individuals opting for alternative and healthier cereal products, such as whole grain and gluten-free options. This trend is driven by increasing awareness about the importance of a balanced diet and the rise in health issues related to processed and refined foods. As a result, there is a significant demand for other cereal products in the market, with an emphasis on natural and organic ingredients. This trend is expected to continue, as consumers prioritize their health and seek out more nutritious options, providing opportunities for industry stakeholders to tap into this growing market segment.

Local special circumstances: In Saudi Arabia, the Other Cereal Products market is heavily influenced by the country's cultural and religious norms. As a predominantly Muslim country, there is a large demand for halal-certified products, including cereals and other food items. Additionally, the government has strict regulations on food labeling and advertising, which can impact marketing strategies for cereal products. Moreover, the country's desert climate and limited agricultural land also play a significant role in the production and availability of certain cereal products, leading to unique market dynamics in this region.

Underlying macroeconomic factors: The Other Cereal Products Market of the Bread & Cereal Products Market within The Food market in Saudi Arabia is influenced by macroeconomic factors such as the country's economic health, government policies, and global economic trends. With a growing population and increasing disposable income, there is a rising demand for convenient and healthy food options, driving the market for other cereal products. Additionally, the government's initiatives to promote healthy eating habits and the increasing awareness about the nutritional benefits of cereal-based products are also contributing to market growth. Moreover, the country's robust investment in the food industry and favorable regulatory environment also play a significant role in driving market performance.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.