Saudi Arabia Milk Powder Market Outlook (2024-2030)
The Saudi Arabia Milk Powder Market is projected to grow steadily, reaching an estimated USD 579.08 million by 2030, according to Renub Research. While traditional dairy products like yogurt and cheese remain staples in Saudi households, the market for milk powder has experienced significant growth. Its longer shelf life, convenience, and adaptability to evolving consumer needs have made it an increasingly popular choice.
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Growth Outlook and Trends
1. Projected Growth (2024-2030)
The market is expected to grow at a CAGR of 6.24% during the forecast period. This robust growth is attributed to:
- Urbanization and Lifestyle Changes: A growing urban population is driving demand for convenient, long-lasting dairy options.
- Health and Fitness Trends: Increasing awareness about nutrition has led to higher consumption of organic and specialized milk powder products, including lactose-free and vegan options.
2. Nutritional Benefits
Milk powder is rich in calcium, protein, and essential vitamins, making it a convenient dietary supplement. Its versatility for use in cooking, baking, and beverages adds to its appeal among health-conscious consumers.
Market Segmentation
By Type
- Whole Milk Powder: Dominates the market due to its creamy texture and nutritional value.
- Skimmed Milk Powder
- Dairy Whitener Powder
- Buttermilk Powder
- Fat-Filled Milk Powder
- Other Milk Powder
By Application
- Nutritional Food: Widely used for health and wellness products.
- Infant Formulas: Critical for infant nutrition, especially for working mothers.
- Confectioneries
- Baked Sweets
- Savories
- Others
Key Market Drivers
Whole Milk Powder: The Leading Segment
- Known for its rich flavor and nutritional profile, whole milk powder is a top choice for culinary applications like baking, beverage preparation, and cooking.
- Its extended shelf life and easy storage enhance its appeal.
Infant Formula: A Growing Opportunity
- With an expanding population and increasing urbanization, infant formula remains a key market driver.
- The convenience and nutritional assurance it provides make it a trusted choice for working mothers.
Regional Insights
Saudi Arabia’s milk powder market is uniquely positioned due to:
- A strong cultural affinity for dairy products.
- A growing population increasingly inclined toward convenience-oriented solutions.
- Rising health consciousness, fueling demand for specialized and organic milk powder products.
Competitive Landscape
Key players in the Saudi Arabia milk powder market include:
- Almarai Company: A leading dairy producer.
- 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
These companies focus on diversifying their product offerings and maintaining stringent quality standards to meet consumer expectations.
Related Reports
· United States Milk Powder Market
· Indonesia Milk Powder Market
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