Market Insights Consumer Food Dairy Products & Eggs

Other Dairy Products & Eggs - Saudi Arabia

Saudi Arabia

Revenue in the Other Dairy Products & Eggs market amounts to €1.76bn in 2024. The market is expected to grow annually by 3.10% (CAGR 2024-2029).
In global comparison, most revenue is generated in India (€45bn in 2024).
In relation to total population figures, per person revenues of €46.97 are generated in 2024.
In the Other Dairy Products & Eggs market, volume is expected to amount to 0.48bn kg by 2029. The Other Dairy Products & Eggs market is expected to show a volume growth of 1.5% in 2025.
The average volume per person in the Other Dairy Products & Eggs market is expected to amount to 12.0kg in 2024.

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

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Other Dairy Products & Eggs Market in Saudi Arabia is experiencing negligible growth, impacted by factors such as low consumer awareness and limited availability of online services. Despite this, the market shows potential for growth due to increasing health consciousness and technological advancements.

Customer preferences: The dairy industry in Saudi Arabia has seen a rise in demand for alternative dairy products, such as plant-based milk and yogurt, as more consumers are opting for dairy-free options due to health and environmental concerns. Additionally, there has been a growing demand for organic and locally sourced dairy products, reflecting a shift towards sustainable and healthy food choices. This change in consumer preferences is also influenced by the increasing awareness of animal welfare and ethical considerations in food production.

Trends in the market: In Saudi Arabia, the Other Dairy Products & Eggs Market is experiencing a shift towards organic and plant-based products, driven by increasing health consciousness among consumers. This trend is expected to continue as consumers seek healthier and more sustainable options. Additionally, there is a growing demand for convenience in the market, leading to the introduction of ready-to-eat and on-the-go dairy products. This trend is significant as it reflects changing consumer preferences and presents opportunities for industry stakeholders to innovate and meet evolving demands. It also highlights the potential for growth in the market, particularly in the plant-based and convenience segments. As such, industry players should focus on developing and promoting these products to capitalize on the current trends and stay competitive in the market.

Local special circumstances: In Saudi Arabia, the Other Dairy Products & Eggs market is heavily influenced by the country's strong Islamic principles, which restrict the consumption of certain types of dairy products. This has led to a unique demand for non-dairy alternatives and has also impacted the types of dairy products that are popular in the market. Additionally, the hot climate and nomadic lifestyle of the population have resulted in a high demand for shelf-stable dairy products, such as powdered milk and condensed milk, as opposed to fresh dairy products. These factors significantly impact the product offerings and marketing strategies of dairy companies operating in this market.

Underlying macroeconomic factors: The Other Dairy Products & Eggs Market in Saudi Arabia is impacted by various macroeconomic factors, including global economic trends, national economic health, and fiscal policies. The country's strong economic performance, supported by its vast oil reserves and government-led economic diversification efforts, has contributed to the growth of the market. Moreover, the rising disposable income and changing dietary preferences of the population have led to an increased demand for dairy products and eggs. Additionally, favorable government policies, such as subsidies for local dairy production, have also played a significant role in the market's growth. However, challenges such as fluctuating oil prices and the ongoing COVID-19 pandemic may have a negative impact on the market in the short term.

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.