Market Insights Consumer Food Dairy Products & Eggs

Milk - Saudi Arabia

Saudi Arabia

Revenue in the Milk market amounts to €2.16bn in 2024. The market is expected to grow annually by 5.25% (CAGR 2024-2029).
In global comparison, most revenue is generated in India (€66bn in 2024).
In relation to total population figures, per person revenues of €57.61 are generated in 2024.
In the Milk market, volume is expected to amount to 2.55bn kg by 2029. The Milk market is expected to show a volume growth of 3.8% in 2025.
The average volume per person in the Milk market is expected to amount to 56.6kg in 2024.

Key regions: Russia, India, Canada, Japan, South Korea

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Milk Market in Saudi Arabia is witnessing a minimal growth rate due to factors such as changing consumer preferences, increasing health awareness, and the convenience of online milk services. This has led to a thriving Dairy Products & Eggs Market within The Food market, indicating a rising demand for healthy dairy products in the country.

Customer preferences: Consumers in Saudi Arabia are increasingly turning towards healthier and more sustainable food options, leading to a rise in demand for organic milk and plant-based alternatives. This trend is driven by a growing awareness of the benefits of a plant-based diet and concerns about the environmental impact of traditional dairy farming. Additionally, the increasing number of health-conscious millennials and the growing expatriate population are also contributing to the shift towards healthier dairy products.

Trends in the market: In Saudi Arabia, the Milk Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards healthier options, with an increasing demand for organic and plant-based milk products. This trend is driven by consumers' growing awareness of the health benefits of these products and their desire for sustainable and ethically sourced food. This trajectory is significant as it reflects changing consumer preferences and presents an opportunity for dairy industry stakeholders to diversify their product offerings. However, this trend may also pose challenges for traditional dairy producers, who may need to adapt their production methods and marketing strategies to remain competitive in the market.

Local special circumstances: In Saudi Arabia, the Milk Market within the Dairy Products & Eggs Market is influenced by cultural and religious factors. Due to the large Muslim population, there is a high demand for halal-certified dairy products. This has led to the development of specialized production processes and labeling requirements. Additionally, the hot climate and limited access to fresh water have resulted in a focus on dairy products with longer shelf lives, such as powdered milk. These unique factors shape the market dynamics and differentiate it from other markets in the region.

Underlying macroeconomic factors: The Milk Market of the Dairy Products & Eggs Market within The Food market in Saudi Arabia is influenced by various macroeconomic factors. Firstly, the country's strong economic growth and stable political environment have contributed to the market's positive performance. Additionally, government initiatives to promote domestic production and consumption of dairy products have also played a significant role. Furthermore, the increasing demand for dairy products from the rapidly growing population and the rising disposable incomes of consumers have further fueled the market's growth. Moreover, the country's strategic location and its status as a major trading hub in the region have also positively impacted the milk market by facilitating the import and export of dairy products.

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.