Saudi Arabia Milk Powder Market is expected to experience a CAGR of 6.24% during the forecast period (2024 to 2030)
The popularity of milk powder in Saudi Arabia is on the rise, fueled by urbanization, changing life, and expanded consciousness of comfort. As more individuals choose milk powder's convenience and extended shelf life, its demand keeps surging. Besides, the flexibility of milk powder in numerous culinary applications and its convenience in preparation contribute to its developing attraction. The milk powder market sees a remarkable uptick in sales, reflecting customers' evolving options and needs in Saudi Arabia.
Furthermore, as fitness awareness grows in Saudi Arabia, there's an increasing need for organic dairy products. This trend mirrors international shifts towards more healthy eating behavior. The upward thrust of veganism and lactose-free options is apparent, with plant-based milk options gaining recognition in the Saudi Arabia milk powder market. Consumers seek dairy options that align with their nutritional codes and ethical issues. This evolving landscape underscores the importance of imparting a diverse range of dairy products to cater to the varied possibilities and desires of the Saudi Arabia milk powder market.
Besides, many fitness-conscious customers in Saudi Arabia are turning to milk powder to supplement their diets with crucial nutrients. Milk powder is convenient and versatile enough to contain essential vitamins like calcium, protein, and nutrients in numerous dishes and drinks. With demanding lives and busy schedules, purchasers find milk powder a handy solution for meeting their nutritional needs. This trend contributes to the increase in the Saudi Arabia milk powder market as more individuals prioritize fitness and search for convenient options for a balanced food regimen. So, the Saudi Arabia milk powder market was US$ 379.07 Million in 2023.
Whole milk powder is likely to maintain a significant presence in the Saudi Arabia milk powder market
By type, the Saudi Arabia milk powder market is fragmented into Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener Powder, Buttermilk Powder, Fat-Filled Milk Powder, and Other Milk Powder. Whole milk powder could remain considerable in the Saudi Arabia milk powder market. This is because of its versatility and dietary value. It is a handy dairy alternative for numerous culinary applications, including baking, cooking, and making drinks. Further, whole milk powder's longer shelf life and ease of storage make it an attractive choice for clients seeking convenient dairy solutions. Its wealthy flavor and creamy texture contribute to its reputation, solidifying its function as a central section of the milk powder market.Infant formula could occupy a leading position in the Saudi Arabia milk powder market
By application, the Saudi Arabia milk powder market is segmented into Nutritional Food, Infant Formulas, Confectionaries, Baked Sweets, Savories, and Others. Infant formula might hold a dominant position in the Saudi Arabia milk powder market. This is due to its essential role in infant nutrients. With a developing population and increasing urbanization, more moms are joining the workforce, leading to a higher demand for convenient infant feeding solutions. Infant formulation presents a reliable source of vital nutrients for toddlers, ensuring proper increase and development. Moreover, stringent guidelines and amicable standards instil acceptance among consumers, bolstering infant formula's popularity as a dependent preference for infant nutrition in the Saudi Arabian market.Key Players
The Saudi Arabia milk powder market consists of Almarai Company, Rabouh Al Hofuf Est., M.M.Siddique Abdullah Trading Est., Gulf Dimensions Trading Est, AL-Juffaily for Trading, Shatha Abeer Ltd, Riyadh Dairy Products Factory.Type - Saudi Arabia Milk Powder Market breakup in 6 viewpoints:
1. Whole Milk Powder2. Skimmed Milk Powder
3. Dairy Whitener Powder
4. Buttermilk Powder
5. Fat-Filled Milk Powder
6. Other Milk Powder
Application - Saudi Arabia Milk Powder Market breakup in 6 viewpoints:
1. Nutritional Food2. Infant Formulas
3. Confectionaries
4. Baked Sweets
5. Savories
6. Others
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Almarai Company2. Rabouh Al Hofuf Est.
3. M.M.Siddique Abdullah Trading Est.
4. Gulf Dimensions Trading Est.
5. AL-Juffaily for Trading
6. Shatha Abeer Ltd.
7. Riyadh Dairy Products Factory
Table of Contents
Companies Mentioned
- Almarai Company
- Rabouh Al Hofuf Est.
- M.M.Siddique Abdullah Trading Est.
- Gulf Dimensions Trading Est.
- AL-Juffaily for Trading
- Shatha Abeer Ltd.
- Riyadh Dairy Products Factory
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 70 |
| Published | March 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 379.07 Million |
| Forecasted Market Value ( USD | $ 579.08 Million |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Saudi Arabia |
| No. of Companies Mentioned | 7 |
