Saudi Arabia Ice Cream Market to Touch Yummy Value of USD 1.2 Billion by 2030

Published | 10 July 2024

Saudi Arabia Ice Cream Market is flourishing due to a surging disposable income and rapid urbanization, shifting consumer preferences and sophisticated tastes, and proliferation of distribution channels and market accessibility.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia Ice Cream Market size by value at USD 762.6 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Saudi Arabia Ice Cream Market size to expand at a CAGR of 3.1% reaching a value of USD 1,190.3 million by 2030. The Ice Cream Market in Saudi Arabia is propelled by high disposable income levels and increasing demand for premium ice cream variants. The market is further bolstered by the entry and expansion of both international and local brands. Additionally, the increasing trend of online shopping, supported by e-commerce platforms and food delivery apps, has made ice cream more accessible to consumers.

By volume, BlueWeave estimated Saudi Arabia Ice Cream Market size at 49.3 million liter in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Saudi Arabia Ice Cream Market size by volume is projected to grow at a CAGR of 7% reaching the volume of 79.5 million liter by 2030. The popularity of single-serving and on-the-go products, like ice cream bars and mini-cups, aligns with modern lifestyles, broadening the market reach. Health-conscious consumers are drawn to ice cream with reduced sugar, natural ingredients, and functional additives. The rise of experiential dining and dessert-focused restaurants also opens new collaboration opportunities for ice cream manufacturers. Furthermore, brands are embracing eco-friendly practices and are innovating with unique flavors and healthier options, contributing to the sustained growth of Saudi Arabia Ice Cream Market.

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Impact of Escalating Geopolitical Tensions on Saudi Arabia Ice Cream Market

Intensifying geopolitical tensions can have a multifaceted impact on Saudi Arabia Ice Cream Market. Uncertainties stemming from geopolitical instability can disrupt supply chains, leading to potential shortages of raw materials and increased production costs. Consumer confidence may also falter amid such uncertainties, influencing spending behaviors and consumption patterns. To navigate these challenges, market players must prioritize robust supply chain management and adaptability in their strategies. Maintaining stringent quality and safety standards becomes crucial to sustain consumer trust and ensure market stability amidst fluctuating geopolitical conditions.

Saudi Arabia Ice Cream Market

Segmental Coverage

Saudi Arabia Ice Cream Market – By Type

Based on type, Saudi Arabia Ice Cream Market is bifurcated into Dairy & Water-based and Vegan segments. The vegan segment is expected to hold a higher share in the Saudi Arabia Ice Cream by type over the forecast period. The growth is driven by rising consumer preferences for premium, sugar-free, gluten-free, and organic ice creams that cater to health-conscious lifestyles. The market is witnessing a shift towards healthier dessert choices, including low-sugar and sugar-free options, reflecting evolving consumer tastes. Moreover, there is growing demand for distinctive flavors, which is boosting the popularity of vegan ice cream alternatives made from almond milk, coconut milk, and other plant-based ingredients. This trend is further supported by increasing adoption of vegan diets and higher incidences of lactose intolerance and gluten sensitivity among Arab populations, driving demand for lactose-free and gluten-free ice cream products.

Competitive Landscape

Saudi Arabia Ice Cream Market is fragmented, with numerous players serving the market. The key players dominating Saudi Arabia Ice Cream Market include Saudia Dairy & Foodstuff Co Ltd, IFFCO Group, Saudi Ice Cream Factory Ltd, Mars Saudi Arabia Ltd, Batterjee Foodstuffs Factory, Arabian Food & Dairy Factories, General Mills Inc, Cone Zone Co, and Unilever Group. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

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The report's in-depth analysis provides information about growth potential, upcoming trends, and Saudi Arabia Ice Cream Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Ice Cream Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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