Saudi Arabia Cheese Market Research Report, 2027

Saudi Arabia Cheese Market Research Report, 2027

Actual Market Research 30-11-2022 58 Pages Figures : 6 Tables : 19 Region : MEA Country : Saudi Arabia Category : Food & Beverages Food

The country places a high value on dairy products to suit its dietary needs, which drives the Cheese market. Furthermore, several Saudi Arabian cuisines require milk and cheese in their production, driving the dairy market in household consumption. Saudi Arabia is also a big dairy importer, importing large quantities of milk and dairy products, including cheese. Cheese product innovations have also been driving the industry researched, with key market participants routinely developing innovative and competitive goods that favor market expansion by boosting the use of dairy products for various uses. While cheese has a long history as a popular cuisine in the region, thanks in part to its greater endurance in hot temperatures when compared to milk, it is now being rediscovered by a burgeoning population eager to purchase the item for its convenience and nutritional worth. According to experts, the hotel business is contributing to the growing appeal of more obscure cheeses. Both hotels and Saudi consumers continue to use French cheese for cooking and baking, indicating genuine Saudi consumer knowledge of utilizing only the finest produce that is known for safety, higher quality, and traceability. Mozzarella is the most popular natural cheese in Saudi Arabia, followed by Cheddar, Gouda, Edam, Emmental, and others. According to the report, "Saudi Arabia Cheese Market Research Report, 2027," published by Actual Market Research, the market is anticipated to add USD 0.37 Billion by 2027. Cheese sales are predicted to expand as consumers' spending power increases in developed economies. Furthermore, changing eating choices and an increasing number of working women are likely to fuel the Cheese market's expansion potential. Furthermore, rising consumption of pizza and other European-style fast foods appears to be one of the primary trends, particularly among young people, for expanding cheese sales potential. The Saudi Arabian cheese industry is driven by the growing demand for varied product flavors in local cuisines. Aside from that, increased regional consumption of authentic regional cheese is supporting market expansion. Furthermore, the increasing premiumization of cheese by a number of regional brands is driving market growth. The concept of health and goodness that dairy products represent drives cheese consumption. Cheese has become an essential part of many Saudi families' breakfasts, as well as sandwiches carried by children in school lunches and as an evening snack rather than sweets, chips, or candies, and into meals in the shape of pizzas and pastas. Traditional mature cheese consumption is lower than worldwide standards, although it is increasing rapidly. Although there is no tradition among the local community of eating cheese at the end of a meal, the food service industry volumes have expanded mostly due to business visitors and the growing popularity of eating out-of-home. Supermarkets and hypermarkets dominate the Saudi Arabia Cheese Market due to the convenience of having all products in one area and many selections at the same time. Lulu Hypermarket, Panda Supermarket, Al Jazira, Farm, Danube, Carrefour, and Othaim Supermarkets are the largest hypermarkets and supermarkets in Saudi Arabia. In recent years, there has been a tremendous increase in internet usage and the use of e-commerce websites to acquire culinary items that include cheese. Carrefour, Walmart, Amazon, and other well-known vertical specialists are attracted to the market. Al Safi Danone Ltd, Nada Dairy, Nadec, Saudia Dairy and Foodstuff Company (Sadfco), Ornua, Danya Foods Ltd, Al Amoudi Group, Almarai, Freisland, Pinar Dairy Food Co, and Friesland Arabia Ltd are some of the prominent competitors in the Saudi Arabia dairy market. Almarai, Pride, Kraft, Kiri, Puck, La Vache Qui Rit, Nadec, Philadelphia, Domty, and President are some of the most popular cheese brands in Saudi Arabia. Almarai lead the market in both value and volume in 2020. It also grew the fastest over the review period. The population of Saudi Arabia was 35,340,680 in 2021, of which 20,437,084 were male and 14,903,596 were female. Of the total population, 8,671,039 are under the age of 14. The population with an age range of 20–40 is 12,188,458. The urban population is 29,799,824 and the rural population is 5,462,868. The GDP of Saudi Arabia is estimated to be USD 1.5 trillion, the inflation rate is 3.1%, and per capita income is $47,700 (2020). Increasing Per Capita and Increasing Per capita consumption of cheese i.e. around 6.9 kg are the driving factors for the growth of cheese market in Saudi Arabia. In 2022, the approximate price range for Saudi Arabia Cheese is between US$ 3.88 and US$ 4.01 per kilogram. The greater fat content of cheese is anticipated to be one of the notable elements among other restrictions that are limiting growth potential in the global cheese industry. Because of the negative health impacts of the higher fat content, cheese consumption is limited among the obese population. Covid-19 Impact: During the COVID-19 pandemic outbreak, the business was severely disrupted due to changing demand. The worldwide lockdowns prompted the foodservice industry to close, cutting demand for all processed food goods dramatically. Furthermore, costs are likely to reduce as high-quality products become less desirable. In contrast, increased adoption of low-cost varieties at wholesale prices from retail shops for home cooking is expected to balance the supply chain. Following the pandemic, the Cheese market is likely to benefit from the re-establishment of the foodservice sector and renewed cheese processing capacity. Considered in this report • Geography: Saudi Arabia • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Saudi Arabia Cheese market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product • Mozzarella • Cheddar • Feta • Parmesan • Roquefort • Others By Source • Animals • Plants By Type • Natural • Processed By Distribution Channel • Supermarkets/Hypermarkets • Convenience Stores • Specialty Stores • Online retail • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Cheese industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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