Saudi Arabia Dairy Market Size & Forecast 2026

MARKET INTELLIGENCE . CONSULTING

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SAUDI ARABIA DAIRY MARKET

FORECAST AND OPPORTUNITIES

2016 – 2026

Published: July 2021

© TechSci Research 2

S. No. Contents

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Saudi Arabia Dairy Market

4. Executive Summary

5. Voice of Customer

5.1. Brand Awareness

5.2. Factors Influencing Purchase Decisions

5.3. Consumption Pattern

6. Saudi Arabia Dairy Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Type (Drinking Milk, Cheese, Yogurt, Ghee & Butter & Others)

6.2.2. By Distribution Channel (Supermarket/Hypermarket, Grocery Retail, Online & Others)

6.2.3. By Region

6.2.4. By Company (2020)

6.3. Market Map (Type and Region)

7. Saudi Arabia Drinking Milk Market Outlook




Table of Contents


S. No. Contents

7.2.1. By Distribution Channel

7.3. Pricing Analysis

8. Saudi Arabia Cheese Market Outlook






9. Saudi Arabia Yogurt Market Outlook






10. Saudi Arabia Ghee & Butter Market Outlook






Table of Contents


S. No. Contents

11. Import and Export Analysis

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends and Developments

14. Policy and Regulatory Landscape

15. Saudi Arabia Economic Profile

16. Competitive Landscape

16.1. Almarai Company

16.2. Al Safi Danone Ltd.

16.3. The National Agricultural Development Company (NADEC)

16.4. NADA DAIRY

16.5. SAUDIA DAIRY & FOODSTUFF COMPANY (SADAFCO)

16.6. Danya Foods Ltd.

16.7. Forsan Foods & Consumer Products Company ltd

16.8. Modern Dairy Plant Company (BADR DAIRY)

16.9. Wardat Al Mashreq Food Factory

16.10. Ornua Ingredients International

15. Strategic Recommendations

16. About Us & Disclaimer

Table of Contents

Product Overview


Scope of ReportProduct of Interest (POI): Dairy Products

Review Period

2016 – 2019

Base Year

2020

Estimated Year

2021E

Forecast Period

2022F – 2026F

Year Range

Dairy products, also known as milk products, are type of food which are produced from the milk ofmammals, most commonly cow, goat, camels, water buffaloes, sheep, and other cattle. Dairy productsinclude food items such as drinking milk, ghee & butter, cheese, yogurt and other products likecondensed milk cream, pudding, milk powders, etc.

Market Segmentation

BY DISTRIBUTION CHANNEL

• Supermarket/Hypermarket

• Grocery Retail

• Online

• Others (Convenience Stores, Forecourt

Retailers, Non-Grocery Retailers, etc.)

BY REGION

• Central

• Western

• Eastern

• Southern

• Northern

BY TYPE

• Drinking Milk

• Ghee & Butter

• Cheese

• Yogurt

• Others

Saudi Arabia Dairy Market

Research Methodology



✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the Saudi Arabia dairy

market, overall market size and segmental market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about the Saudi Arabia dairy

market.

Data Collection

Data Filter& Analysis

Research &Intelligence

ActionableInsights

BusinessSolution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research



Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of Saudi Arabia dairy market. The team has

analyzed the outlook of various segments of this market, while considering the major influencing factors such as high

consumption of milk and related products. The study includes market forecasting, which would enable our clients to take better

decisions while planning their strategy to achieve sustainability in Saudi Arabia dairy market.

Note: In order to calculate the total volume market size of dairy products in Saudi Arabia, TechSci Research have maintained the

uniformity among different measurable units of all the dairy segments. The conversion rate of 1.035 has been applied to convert

the volume of drinking milk from Millilitre (ML) to Gram (GM).

Methodology Followed for Calculation of Market Size:

• Market Size by Value & Volume : Market size, in terms of value and volume, for the year 2020 was calculated based on

information collected through exhaustive secondary research and primary surveys, with various key opinion

leaders/stakeholders, such as dairy companies, suppliers, channel partners, end users, industry experts, and other industry

participants.

• The team interviewed more than 20–25 dairy companies, suppliers, 100-150 end users, and 15–20 industry experts and other

value chain stakeholders in the Saudi Arabia dairy market to obtain the overall market size from 2016 to 2020, which was

validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at

the market size data during 2016-2020.



• Respondents were asked about the current and future market growth rates, market shares by type, by distribution channel, by

region and by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue

shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated

across various segments were further triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares:

• Market shares by type, by distribution channel, by region and by company were calculated based on the responses received

through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue

generated from various segments of dairy market. The final shares were calculated by taking the geometric mean of the responses

gathered from key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey

results in SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast

Saudi Arabia dairy market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis


Partial List of Companies Interviewed Key Secondary Sources

▪ Almarai Company

▪ Al Safi Danone Ltd.

▪ The National Agricultural Development

Company (NADEC)

▪ Nada Dairy

▪ SAUDIA DAIRY & FOODSTUFF COMPANY

(SADAFCO)

▪ Danya Foods Ltd.

▪ Forsan Foods & Consumer Products

Company ltd

▪ Modern Dairy Plant Company (BADR DAIRY)

▪ Wardat Al Mashreq Food Factory

▪ Ornua Ingredients International

▪ World Bank

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases


TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci

Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate

market numbers. It should be noted that the figures compiled are only for the organized market including market share data.


Industry Brief

According to TechSci Research report, “Saudi Arabia Dairy Market By Type (Drinking Milk, Cheese, Yogurt, Ghee & Butter & Others), By Distribution

Channel (Supermarket/Hypermarket, Grocery Retail, Online, & Others), By Region, Competition Forecast & Opportunities, 2026”, the market was

valued at USD5726.42 million in 2020, and it is estimated to reach USD7940.77 million by the end of 2026 growing with a CAGR of 5.66% in the

forecast period. Key factors propelling the growth of Saudi Arabia dairy market are flourishing dairy industry, increasing disposable income, and entry of

new market players. The growing consumption of milk and other dairy products coupled with increasing awareness pertaining to the benefits of milk and

related products are also accelerating the growth of dairy market in the country. Furthermore, popularity of packaged dairy goods and increasing

inclination of consumers towards health & fitness are expected to fuel the market growth in next five years. Also, several international dairy product

manufactures are gaining popularity in Saudi Arabia which is leading to flourishing dairy industry in Saudi Arabia.

With the growth in disorders like diabetes, high blood pressure, high cholesterol, obesity, and so on, the majority of the population is requesting dairy

products regularly, as these products are free of adulterants and chemicals and have a high nutritional value. Dairy products are preferred by

consumers since they do not contain excessive levels of chemicals. Switching to nutritious dairy products could help in controlling lifestyle related

health problems. As a result of increased health concerns, the dairy products makers now have a huge opportunity to meet customer demand for high-

quality dairy products.

Saudi Arabia dairy market is also growing significantly due to aggressive advertising being used as a key marketing tool by dairy product manufactures

through various channels. Moreover, availability of dairy products in convenient packaging is also acting as a growth driver for the market. Any

marketing strategy's implementation is heavily influenced by packaging. An appealing package is critical for a brand's success and has the ability to

boost profits. As a result, firms now deliberately package their items to entice customers.

Apart from this, thriving e-commerce industry and increased circulation of dairy products on online channels are anticipated to augment the dairy

market growth during the forecast period. The country is also witnessing establishment of large commercial dairy farms and manufacturers are adopting

advanced technologies to meet the growing requirement for dairy products.

Saudi Arabia dairy market can be segmented based on type, distribution channel and region. Based on type, the market can be categorized into

drinking milk, cheese, yogurt, ghee & butter and others. Among them, drinking milk segment held the largest market share until 2020 and is further

expected to remain the largest segment during the forecast period owing to growing health-consciousness among the consumers, coupled with growing

awareness of health benefits of milk consumption.

Major players operating in the Saudi Arabia dairy market are Almarai Company, Al Safi Danone Ltd., The National Agricultural Development Company

(NADEC), NADA DAIRY, SAUDIA DAIRY & FOODSTUFF COMPANY (SADAFCO), Danya Foods Ltd., Forsan Foods & Consumer Products Company

Ltd., Modern Dairy Plant Company (BADR DAIRY), Wardat Al Mashreq Food Factory, Ornua Ingredients International. Leading companies are

adopting growth strategies such as new product launches, mergers & acquisitions and joint ventures.

“Saudi Arabia is witnessing a shift towards healthier diet among consumers. Popularity of dairy products like ice cream and shakes is also providing

profitable growth opportunities for dairy market. In coming years, the country is expected to become one of the largest market for dairy industry with

easy availability of these products on various platforms. In addition to this, increasing consumption of butter and cheese and boom in food & beverage

industry are further expected to support the growth of Saudi Arabia dairy market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a

research based global management consulting firm.


Sample Data - Snapshot

2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026FValue (USD Million) Volume (Million Kg )

Saudi Arabia Dairy Market Size, By Value (USD Million) & By Volume (Million Kg), 2016-2026F

CAGR 2016-2020By Value: xx%

By Volume: xxx%

CAGR 2021E-2026FBy Value: xx%

By Volume: xx%

Saudi Arabia Yogurt Market Share, By Distribution Channel, By Value, 2016-2026F

2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F

Supermarket/Hypermarket 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%

Grocery Retail 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%

Online 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%

Others 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00%

Saudi Arabia Dairy Market Share, By Type, By Value, 2016-2026F

2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F

Drinking Milk 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%

Cheese 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00%

Yogurt 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%

Ghee & Butter 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%

Others 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%


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FORECAST AND OPPORTUNITIES2016 – 2026

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TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in

number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The

proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’

model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich

evaluation of the opportunities available in the market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considersreliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors oromissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of thisreport. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative marketsize and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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