Saudi Arabia Milk Powder Market Trends Insights 2024-2030
Saudi Arabia Milk Powder Market Trends Insights 2024-2030
Saudi Arabia Milk Powder Market Outlook
The Saudi Arabia Milk Powder Market is projected to reach US$ 579.08 million by 2030, as per Renub Research. Historically, Saudi Arabia has been known for its love of dairy products, with staples such as yogurt and fresh white cheeses taking center stage in the local diet. In recent years, however, there has been a noticeable shift toward milk powder consumption. Despite the continued preference for traditional dairy products, milk powder has gained popularity due to its longer shelf life, convenience, and versatility, aligning with the changing preferences and needs of Saudi consumers.
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Growth Outlook for Saudi Arabia Milk Powder Market (2024-2030)
The Saudi Arabia milk powder market is anticipated to witness a compound annual growth rate (CAGR) of 6.24% during the forecast period from 2024 to 2030. This growth is driven by factors such as urbanization, evolving lifestyles, and increasing awareness around convenience. The demand for milk powder continues to rise as more people in Saudi Arabia seek easy-to-store, long-lasting dairy options. Its flexibility in various culinary uses and convenience in preparation has boosted its appeal, as it meets the evolving needs of the modern consumer.
Moreover, an increasing focus on fitness and health-consciousness in the country has led to a rise in demand for organic and specialized dairy products. This includes lactose-free and vegan milk options, which have gained traction as part of the global shift towards healthier dietary habits. These trends are evident in the Saudi milk powder market, where consumers are seeking dairy alternatives that align with their nutritional goals and ethical considerations. As such, it is crucial for companies to offer a diverse range of milk powder products to meet these varied consumer demands.
Additionally, many health-conscious individuals in Saudi Arabia are turning to milk powder to supplement their diets with essential nutrients such as calcium, protein, and vitamins. Given the busy lifestyle of many consumers, milk powder is seen as a convenient and versatile source of nourishment that can be incorporated into various meals and beverages. This growing preference for nutritious, easy-to-use options is driving the expansion of the milk powder market in the region, with the market valued at US$ 379.07 million in 2023.
Related Report:
United States Milk Powder Market
Key Segments in the Saudi Arabia Milk Powder Market
Whole Milk Powder: The Dominant Player
Among the different types of milk powder available, Whole Milk Powder is expected to maintain a significant share of the market. Its rich flavor, creamy texture, and high nutritional value make it a popular choice for various culinary applications, from baking and cooking to beverage preparation. Furthermore, its longer shelf life and easy storage make it an attractive option for consumers looking for convenient dairy products.
Infant Formula: A Leading Market Segment
Infant formula is poised to be one of the leading applications in the Saudi Arabia milk powder market, primarily due to its critical role in infant nutrition. With a growing population and increasing urbanization, more mothers are entering the workforce, leading to a greater demand for convenient, reliable infant feeding solutions. Infant formula provides essential nutrients for proper growth and development, making it a trusted choice for parents. Stringent regulations and quality standards further enhance its popularity, ensuring its position as a preferred option in the market.
Market Breakdown by Type
The Saudi Arabia milk powder market can be classified into the following types:
- Whole Milk Powder
- Skimmed Milk Powder
- Dairy Whitener Powder
- Buttermilk Powder
- Fat-Filled Milk Powder
- Other Milk Powder
Market Breakdown by Application
The market is also segmented by the following applications:
- Nutritional Food
- Infant Formulas
- Confectionaries
- Baked Sweets
- Savories
- Others
Key Players in the Saudi Arabia Milk Powder Market
Some of the key players in the Saudi Arabia milk powder market include:
- 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
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