Spreads & Sweeteners - Saudi Arabia

Saudi Arabia

Revenue in the Spreads & Sweeteners market amounts to €369.30m in 2024. The market is expected to grow annually by 5.42% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€132,300m in 2024).
In relation to total population figures, per person revenues of €9.86 are generated in 2024.
In the Spreads & Sweeteners market, volume is expected to amount to 146.80m kg by 2029. The Spreads & Sweeteners market is expected to show a volume growth of 5.3% in 2025.
The average volume per person in the Spreads & Sweeteners market is expected to amount to 3.0kg in 2024.

Key regions: Spain, Japan, China, Philippines, United Kingdom

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Spreads & Sweeteners market in The Food market of Saudi Arabia is currently experiencing minimal growth due to factors such as consumer preference for healthier alternatives and fluctuations in raw material prices. However, the market is expected to see growth in the future with increasing demand for convenience foods and growing health awareness among consumers.

Customer preferences: The Spreads & Sweeteners Market within The Food market in Saudi Arabia has seen a noticeable trend towards healthier and more natural options. As consumers become more health-conscious and aware of the negative effects of processed sugars, there has been a shift towards natural sweeteners such as honey, maple syrup, and stevia. This is also influenced by cultural preferences for traditional and natural ingredients in food. Additionally, there has been a rise in demand for sugar-free and low-sugar spreads, driven by the increasing number of individuals with diabetes and other chronic health conditions. This trend highlights the growing importance of health and wellness in consumer preferences and the need for healthier alternatives in The Food market.

Trends in the market: In Saudi Arabia, the Spreads & Sweeteners Market within The Food market is experiencing a shift towards healthier and natural alternatives. With the rise in health consciousness and concern for sugar intake, consumers are gravitating towards organic and low-calorie spreads and sweeteners. This trend is expected to continue as consumers become more health-conscious and seek out healthier options. For industry stakeholders, this presents an opportunity to develop and market products that cater to this growing demand, while also addressing concerns around health and wellness. Additionally, with the increasing popularity of e-commerce, online platforms provide a potential avenue for reaching a wider consumer base and expanding market share.

Local special circumstances: In Saudi Arabia, the Spreads & Sweeteners Market within The Food market is heavily influenced by the country's cultural norms and religious beliefs. Due to the large Muslim population, there is a high demand for halal-certified products, leading to the introduction of halal spreads and sweeteners in the market. Additionally, the government's strict regulations on food imports and labeling also play a significant role in shaping the market. The country's desert climate also poses logistical challenges for food storage and transportation, resulting in limited product options and higher prices for consumers.

Underlying macroeconomic factors: The Spreads & Sweeteners Market within The Food market in Saudi Arabia is influenced by macroeconomic factors such as the country's economic stability, government policies, and consumer spending power. As the global demand for healthier food options continues to rise, the market is expected to witness growth due to increasing health consciousness and changing dietary habits. Additionally, the growing urban population and rising disposable income in Saudi Arabia are driving the demand for convenience foods, including spreads and sweeteners, further boosting market 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.