Market Insights Consumer Food Dairy Products & Eggs

Cheese Substitutes - Saudi Arabia

Saudi Arabia

Revenue in the Cheese Substitutes market amounts to €8.89m in 2024. The market is expected to grow annually by 9.68% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (€228m in 2024).
In relation to total population figures, per person revenues of €0.24 are generated in 2024.
In the Cheese Substitutes market, volume is expected to amount to 0.70m kg by 2029. The Cheese Substitutes market is expected to show a volume growth of 11.2% in 2025.
The average volume per person in the Cheese Substitutes market is expected to amount to 0.0kg in 2024.

Key regions: Canada, South Korea, United Kingdom, Japan, Philippines

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Región

Comparación de regiones

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Analyst Opinion

The Cheese Substitutes Market in Saudi Arabia is experiencing gradual growth, driven by factors such as increasing consumer awareness of healthy alternatives and the convenience of online food services. This growth rate is impacted by factors such as cultural preferences for traditional dairy products and limited availability of plant-based options.

Customer preferences: As health and wellness concerns continue to grow, consumers in Saudi Arabia are turning to plant-based cheese substitutes as a healthier alternative to traditional dairy products. This trend is driven by a desire for cleaner labels and a growing awareness of the environmental impact of animal agriculture. Additionally, with a large Muslim population, the demand for halal-certified cheese substitutes is also on the rise. This shift towards plant-based options is not only a reflection of changing consumer preferences, but also a response to cultural and religious beliefs.

Trends in the market: In Saudi Arabia, the Cheese Substitutes Market within the Dairy Products & Eggs Market is experiencing a shift towards plant-based alternatives. This trend is driven by the growing demand for healthier and more environmentally-friendly options. As a result, companies are investing in research and development to improve the taste and texture of these products. This trend is expected to continue in the coming years, creating opportunities for industry stakeholders to expand their product offerings and cater to the changing consumer preferences. Additionally, with the government's focus on promoting a healthy lifestyle, the demand for cheese substitutes is likely to further increase, providing a boost to the market.

Local special circumstances: In Saudi Arabia, the Cheese Substitutes Market of the Dairy Products & Eggs Market within The Food market is influenced by the country's strong cultural and religious beliefs. Due to the large Muslim population, there is a high demand for halal-certified cheese substitutes, as well as a preference for plant-based options. Additionally, the strict regulations on importing dairy products have led to the growth of local cheese substitute production, driving market growth. Moreover, the country's hot climate has also influenced the types of cheese substitutes available, with a focus on shelf-stable options.

Underlying macroeconomic factors: The Cheese Substitutes Market of the Dairy Products & Eggs Market within The Food market in Saudi Arabia is influenced by various macroeconomic factors, including the country's economic health and global trends. Saudi Arabia's investment in improving its dairy industry infrastructure has led to a rise in demand for cheese substitutes, as consumers seek healthier alternatives. Additionally, the country's growing population and increasing disposable income have also contributed to the market growth. Moreover, favorable government policies and investments in the food sector have further bolstered the market's growth.

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.