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Saudi Arabian Dairy Market Report gives overview of Related Market Types, Applications and Top Manufacturers with characteristics, technology and market chain. The Saudi Arabian Dairy market research report also explains future Industry Supply, market demand, value, competition and its analysis of key players with industry forecasts from 2018 to 2023
A high per capita income, growing health-conscious population, and a growing interest in women's health. CAGR of 11.62% during the forecast period of 2018-2023.
The changing consumer preference towards healthier foods, includes milk as one of the constituents in day-to-day consumption. For over four decades, the consumption of dairy has changed, from low calorie butter, cream, and others. Milk is considered to be a highly nutritional food by consumers. In 2015, Almarai dominated the fresh milk market with a 46% share, followed by Al Safi Danone.
Growing Demand for Dairy-based Products
Health benefits attributes spur the demand for yogurt. Yogurt (Laban) is also a traditional diet in Saudi Arabian and Middle Eastern regions. Yogurt demand peaks in April, but stays very stable throughout the year. The Saudi Arabian dairy industry is growing rapidly, with an expected annual growth rate of 5.39% per annum.
As Saudi has different climatic conditions, it has been established that they have a high level of safety in the environment. Saudi Arabia is the largest producer in the GCC countries, supported by the highest per capita consumption of dairy products in the country. Millions of milk and milk products.
Cream and Butter Record the Highest Growth Rate
Cream is an irreplaceable part of the Saudi Arabian diet. Currently, the production of cream has witnessed a rise of 28.9% per annum. Currently, production is increasing by 17% per year, with 9% per year. This high production rate of cheese in Saudi Arabia brings increased exports of cheese. Saudi Arabia shows a strong potential, and is targeted to be self-sufficient in dairy, being the highest producer of dairy products in the GCC. As the production of butter has been decreasing steadily, the export of butter has also reduced. Imports are expected to continue to increase, as the consumption is expected to grow, and the domestic production trend is moving in the opposite direction. Due to low equilibrium, imports are cheaper than domestic production.
Key Developments:
• Oct 2017: Saudi Arabia's food firm National Agricultural Development Company (Nadec) is a joint venture between Saudi Arabia's Al Faisaliah Group and the French food firm Danone Group.
Major players: ALMARAI, AL SAFI DANONE, NADA DAIRY, NADEC, SADAFCO, NAJRAN DAIRY CO. LTD, ARLA FOODS, FRIESLANDCAMPINA (RAINBOW MILK), UNITED NATIONAL DAIRY CO, MARMUM
Reasons to Purchase this Report
• Porter's five forces analysis.
• Market Dynamics which essentially considers the factors impelling the present market scenario, along with growth opportunities of the market in the years to come.
Market segmentation analysis including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
• Country-level analysis integrating the demand and supply forces that are influencing the growth of the market.
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
• Comprehensive company profiles covering the product offerings, key financial information,
Get PDF Sample of Saudi Arabian Dairy Market Report @ https://www.360marketupdates.com/enquiry/request-sample/12883662
Major companies covered in this Report:
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Reasons to Purchase this Report
Saudi Arabian Dairy Market Report at $ 3250(SUL) @ https://www.360marketupdates.com/purchase/12883662
In Saudi Arabian Dairy Market Report, Saudi Arabian Dairy Industry Reports Some Significant Proposals for a New Project. Overall, the report provides an in-depth insight of 2018-2023 Global Arabian Arabian Dairy Market covering all important parameters.
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