Saudi Arabia Dairy Ingredients Market
Saudi Arabia Dairy Ingredients Market Size Set to Grow at a Steady CAGR of 5.6% during 2023–2029
Published | 10 January 2023
Saudi Arabia dairy ingredients market is gaining traction because of consumers' growing health and wellness consciousness and their resulting shift to nutrient-rich diets, which include dairy products, along with an increasing number of launches of a wide range of products by local and global players.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Saudi Arabia dairy ingredients market size to grow at a steady CAGR of 5.6% during the forecast period between 2023 and 2029. The industry is expanding, because of consumers' growing health and wellness consciousness and their resulting shift to nutrient-rich diets, which include dairy products. As a result, both domestic and foreign businesses are developing increasingly novel items to increase their product penetration in the Saudi Arabian market. Due to popular culture and growing awareness of animal cruelty in the meat sector, this area is also seeing a trend towards vegetarianism, which is expected to spur the demand for dairy components during the period in analysis.
Saudi Arabia Dairy Ingredients Market – Overview
Dairy ingredients are products that are manufactured from original milk and have around the same or more nutritional value. Milk powder, casein & caseinate, whey ingredients, lactose, and proteins, are some of the most popular and commonly used dairy ingredients in Saudi Arabia market. These products are commonly used in manufacturing a wide range of final milk products including butter, condensed and dried milk, cheese, ghee, and yogurt.
Sample Request @ https://www.blueweaveconsulting.com/report/saudi-arabia-dairy-ingredients-market/report-sample
Saudi Arabia Dairy Ingredients Market – By Application
Based on application, Saudi Arabia dairy ingredients market is segmented into bakery & confectionery, dairy products, sports nutrition products, infant formulas, and others. The bakery and confectionery segment accounts for the highest market share owing to the use of a wide range of dairy ingredients in the making of bakery products. Dried milk is gaining significant popularity in baking as a substitute for fresh fluid milk, as it provides better texture as well as adds fats and sugar which gives crisp crust, flavor, and color to baked goods.
Impact of COVID-19 on Saudi Arabia Dairy Ingredients Market
The unprecedented COVID-19 pandemic outbreak negatively impacted the growth of Saudi Arabia dairy ingredients market. The rising concern among consumers surrounding the spread of zoonotic diseases resulted in a significant decline in demand for dairy ingredients, which led to significant losses to the market. The lockdown protocols imposed by the Saudi government to curb the virus spread halted the distribution and supply chains for dairy ingredients as well as operations of the end–users, which also affected the market. However, the market is expected to recover during the post COVID–19 period due to a surge in health consciousness among people to improve their immunity.
Competitive Landscape
Major players operating in Saudi Arabia dairy ingredients market include Almarai Company, Nestle, Dunkin’ AL SAFI, SADAFCO, Mondelēz International, Nadec, NADA DAIRY, Forsan Foods and Consumer Products Ltd., Ornua Co-operative Limited, and Halwani Bros. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Saudi Arabia Dairy Ingredients Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Saudi Arabia Dairy Ingredients Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BlueWeave has built its reputation from scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
Contact Us:
BlueWeave Consulting & Research Pvt. Ltd
+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662
Get Help
Related Report
Publish Date: January 2023
Growing awareness consumers about their health and wellness awareness prompting them to shift towards a nutrition-rich diet, and the introduction of new products by local and global brands are expected to drive Saudi Arabia dairy ingredients market during the forecast period between 2023 and 2029.
Relevant Press Releases
- India Vegan Vitamins and Supplements Market Size Zooming More Than 4X to Reach USD 4.31 Billion by 2029
- Europe Biscuits Market at CAGR of Tasty 5% to Surpass USD 88 Billion by 2030
- Saudi Arabia Millets Market Size Expands at Steady CAGR to Cross USD 472 Million by 2029
- Middle East and Africa Online Food Delivery Market Size to Surpass USD 52.4 Billion by 2030
- India Herbal Tea Market Size Booming at Significant CAGR to Surpass Whopping USD 15.3 Billion and 788.5 Million Kg by 2030