[FURL=https://www.industryarc.com/Report/18313/saudi-arabia-dairy-products-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Saudi Arabia Dairy Products Market[/FURL] Saudi Arabia Dairy Products Market size is estimated to reach $32,651 million by 2026, growing at a CAGR of 7.1% over 2021-2026. Dairy products are meals derived from the milk of mammalian animals such as cows, buffaloes, goats, sheep, yaks, and camels. Because milk is a liquid, it is vulnerable to microbial development, which can lead to product degradation. Milk is processed into cheese, milk powder, ice cream, and other dairy products to avoid this problem and extend its shelf life. Major reasons fuelling the rise of Saudi Arabia dairy products include increasing health awareness, increased demand for protein-rich meals, and increased consumption of premium dairy products including dairy desserts.Key Takeaways
The rise in veganism and the plant-based eating preferences of the vegan population has led to a reduction in the consumption of dairy products, are enhancing the growth of the Saudi Arabia Dairy Products Market.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Saudi Arabia Dairy Products Market report.
High cost of Saudi Arabia Dairy Products is set to create hurdles for the Saudi Arabia Dairy Products Market.
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Saudi Arabia Dairy Products Market Segment Analysis – By Distribution Channel
The Saudi Arabia Dairy Products Market based on distribution channel can be further segmented into Hypermarket/Supermarkets, Specialty Stores, Online Retail and Others. The hypermarkets/supermarkets segment registers for the highest Saudi Arabia Dairy Products market share in 2020. This is mainly owing to facts as these stores are incorporated with numerous alternatives and the availability of varieties of Saudi Arabia Dairy Products from various brands. Furthermore, Saudi Arabia Dairy Products sales by hypermarkets/supermarkets is believed to rise effectively as consumers prefer these retail channels for shopping owing to the in-store promotions by retailers and price comparisons is anticipated to further expand the consumption rate over the forecast period 2021-2026.
Saudi Arabia Dairy Products Market Drivers
Increase Global Demand for Various Products
Saudi Arabia Dairy Products Market Landscape
The Saudi Arabia Dairy Products market top 10 companies are Almarai Company, Mibaar Asia, Halwani Bros and Co., Amul, Kraft Foods Inc, Lactalis, Nestle SA, Megmilk Snow Brand Co. Ltd, Fonterra Group Cooperative Limited and others.
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