Report Overview

Saudi Arabia Ice Cream Market – Industry Trends & Forecast Report, 2030

Saudi Arabia Ice Cream Market size by value was estimated at USD 762.6 million in 2023. During the forecast period between 2024 and 2030, Saudi Arabia Ice Cream Market size is projected to grow at a CAGR of 3.1% reaching a value of USD 1,190.3 million by 2030. Prominent drivers of the market include high disposable income levels and increasing demand for premium ice cream variants. The entry and expansion of international and local brands are enhancing market growth.

By volume, Saudi Arabia Ice Cream Market size was estimated at 49.3 million liter in 2023. During the forecast period between 2024 and 2030, Saudi Arabia Ice Cream Market size is projected to grow at a CAGR of 7% reaching the volume of 79.5 million liter by 2030. The rising trend of online shopping and the popularity of e-commerce platforms and food delivery apps make ice cream more accessible. Single-serving and on-the-go products like ice cream bars and mini-cups cater to modern lifestyles, expanding the consumer base. Health-conscious consumers are attracted to offerings with reduced sugar, natural ingredients, and functional additives. The rise of experiential dining and dessert-focused restaurants provides collaboration opportunities for ice cream manufacturers. Also, brands are focusing on eco-friendly practices and introducing innovative flavors and healthier options, further driving Saudi Arabia Ice Cream Market over forecast period.

Ice Cream – Overview

Ice cream is a beloved frozen dessert made from cream, milk, sugar, and various flavorings. The mixture is churned during freezing to incorporate air, resulting in its smooth, creamy texture. It is enjoyed in numerous flavors, from classic vanilla and chocolate to unique options like mango or cookie dough. Served in cones, cups, or as part of sundaes, it is a versatile treat that can be customized with toppings. Ice cream is a refreshing delight, perfect for cooling off on hot days and bringing people together during celebrations. Its role in other desserts like milkshakes and cakes highlights its universal appeal.

Saudi Arabia Ice Cream Market

Growth Drivers

Expanding Distribution Channels

The rising demand for ice cream in Saudi Arabia is significantly driven by the expansion of distribution channels, catering to the nation's hot and humid climate, which makes ice cream a year-round staple for both residents and visitors seeking refreshing relief. The demand is met by the rapid growth in the hospitality sector, propelled by government initiatives aimed at diversifying the economy away from oil dependence. The establishment of numerous hotels, resorts, and restaurants, which frequently offer ice cream, enhances its accessibility and popularity. Additionally, the National Tourism Strategy's goal to attract 100 million tourists by 2030 supports this expansion, as cultural events and festivals often feature ice cream vendors. These strategic advancements in hospitality and tourism infrastructure is projected to ensure that ice cream is widely available, meeting consumer cravings and driving consistent growth of Saudi Arabia Ice Cream Market.

Challenges

Health Concerns

Health concerns may significantly restrain the growth of the Saudi Arabia Ice Cream Market. Rising consumer awareness about the high sugar content, calorie intake, and potential additives in ice cream leads to cautious purchasing decisions. Additionally, post-Covid-19 hygiene and food safety worries have heightened scrutiny over commercially produced ice cream. Consumers are increasingly prioritizing healthier and safer options, which can limit the demand for traditional ice cream products. As a result, market players must innovate with healthier formulations and stringent safety measures to address these growing concerns effectively.

Impact of Escalating Geopolitical Tensions on Saudi Arabia Ice Cream Market

Escalating geopolitical tensions among countries across regions could have a significant impact on the growth of Saudi Arabia Ice Cream Market. Uncertainty and instability in geopolitical landscapes may 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 Product

On the basis of product, Saudi Arabia Ice Cream Market is bifurcated into Bars & Pops and Cups & Tubs segments. The cups & tubs segment holds a higher share in Saudi Arabia Ice Cream Market by product, primarily due to its convenience and variety. These packaging formats offer consumers ready-to-eat servings that are easily accessible and portable, catering to modern lifestyles. They allow for a diverse range of flavors and toppings, appealing to a broad demographic. Moreover, cups and tubs provide portion control, appealing to health-conscious consumers. Their popularity is further bolstered by the widespread availability in supermarkets, convenience stores, and online platforms, ensuring widespread accessibility and convenience for consumers seeking indulgent yet convenient ice cream options.

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 fueled by increasing consumer demand for premium, sugar-free, gluten-free, and organic ice creams, catering to health-conscious lifestyles. The market is witnessing a shift towards healthier dessert options, including low-sugar and no-sugar varieties, reflecting evolving consumer preferences. Furthermore, there is a rising appetite for unique flavors, driving the popularity of vegan ice cream alternatives made from almond milk, coconut milk, and other plant-based ingredients. The segment’s trend is amplified by the growing adoption of veganism and the prevalence of lactose intolerance and gluten sensitivity among Arab populations, further boosting the demand for lactose- and gluten-free ice cream options

Saudi Arabia Ice Cream Market – By Flavor

By flavor, Saudi Arabia Ice Cream Market is divided into Chocolate, Vanilla, and Fruit segments. The vanilla segment holds the highest share in Saudi Arabia Ice Cream Market by flavor due to its timeless popularity and widespread appeal. Known for its classic and universally liked taste, vanilla ice cream serves as a versatile base for various toppings and desserts. Its creamy texture and mild flavor make it a preferred choice across all age groups and occasions. Additionally, vanilla's compatibility with diverse flavor combinations enhances its market dominance, ensuring consistent demand throughout the year. Its enduring status as a favorite flavor underscores its leading position in Saudi Arabia Ice Cream Market.

Saudi Arabia Ice Cream Market – By Distribution Channel

Based on distribution channel, Saudi Arabia Ice Cream Market is bifurcated into Foodservice and Retail segments.

Competitive Landscape

Major players operating in 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. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Product

• Bars & Pops

• Cups & Tubs

By Type

• Dairy & Water-based

• Vegan

By Flavor

• Chocolate

• Vanilla

• Fruit

By Distribution Channel

• Foodservice

• Retail

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Ice Cream Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Rising Disposable Income and Urbanization
         2. Evolving Consumer Preferences
         3. Expanding Distribution Channels
      2. Restraints
         1. Health Concerns
         2. Rising Costs of Raw Materials and Production
      3. Opportunities
         1. Growing Seasonality
         2. Strategic Marketing and Promotions
      4. Challenges
         1. Shorter Shelf Life
         2. Strict Regulations on Food Additives and Labeling
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Saudi Arabia Ice Cream Market: Marketing Strategies
5. Saudi Arabia Ice Cream Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
         1. Bars & Pops
         2. Cups & Tubs
         3. Others
      2. By Type
         1. Dairy & Water-based
         2. Vegan
      3. By Flavor
         1. Chocolate
         2. Vanilla
         3. Fruit
         4. Others
      4. By Distribution Channel
         1. Foodservice
         2. Retail
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Saudi Arabia Ice Cream Company Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
7. Impact of Escalating Geopolitical Tensions on Saudi Arabia Ice Cream Market
8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
   1. Saudia Dairy & Foodstuff Co. Ltd
   2. IFFCO Group
   3. Saudi Ice Cream Factory Ltd
   4. Mars Saudi Arabia Ltd
   5. Batterjee Foodstuffs Factory
   6. Arabian Food & Dairy Factories
   7. General Mills Inc
   8. Cone Zone Co
   9. Unilever Group
   10. Other Prominent Players
9. Key Strategic Recommendations
10. Research Methodology
    1. Qualitative Research
       1.  Primary & Secondary Research
    2.  Quantitative Research
    3.  Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4. Breakdown of Primary Research Respondents, By Country
    5.  Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       Saudi Arabia Ice Cream Segmentation

Figure 2       Saudi Arabia Ice Cream Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Saudi Arabia Ice Cream Market Size, By Value (USD Million), 2019–2030

Figure 5       Saudi Arabia Ice Cream Market Share, By Product, By Value, 2019–2030

Figure 6       Saudi Arabia Ice Cream Market Share, By Types, By Value, 2019–2030

Figure 7       Saudi Arabia Ice Cream Market Share, By Flavor, By Value, 2019–2030

Figure 8       Saudi Arabia Ice Cream Market Share, By Distribution Channel, By Value, 2019–2030

List of Tables

Table 1        Saudi Arabia Ice Cream Market Size, By Value (USD Million), 2019–2030

Table 2        Saudi Arabia Ice Cream Market Size, By Product, By Value, 2019–2030

Table 3        Saudi Arabia Ice Cream Market Size, By Types, By Value, 2019–2030

Table 4        Saudi Arabia Ice Cream Market Size, By Flavor, By Value, 2019–2030

Table 5        Saudi Arabia Ice Cream Market Size, By Distribution Channel, By Value, 2019–2030

Table 6        Saudia Dairy & Foodstuff Co. Ltd Company Overview

Table 7        Saudia Dairy & Foodstuff Co. Ltd Financial Overview

Table 8        IFFCO Group Company Overview

Table 9        IFFCO Group Financial Overview

Table 10      Saudi Ice Cream Factory Ltd Company Overview

Table 11      Saudi Ice Cream Factory Ltd Financial Overview

Table 12      Mars Saudi Arabia Ltd Company Overview

Table 13      Mars Saudi Arabia Ltd Financial Overview

Table 14      Batterjee Foodstuffs Factory Company Overview

Table 15      Batterjee Foodstuffs Factory Financial Overview

Table 16      Arabian Food & Dairy Factories Company Overview

Table 17      Arabian Food & Dairy Factories Financial Overview

Table 18      General Mills Inc Company Overview

Table 19      General Mills Inc Financial Overview

Table 20      Cone Zone Co Company Overview

Table 21      Cone Zone Co Financial Overview

Table 22      Unilever Group Company Overview

Table 23      Unilever Group Financial Overview