Market Forecast By Types (Crackers & Savory Biscuits, Sweet Biscuits, Functional/ Energetic), By Category (Premium Biscuits, Non-Premium Biscuits), By Distribution (Supermarkets & Hypermarkets, Convenience Stores, Specialist Stores, Online Retail, And Others), By Regions (Central Region, Western Region, Eastern Region, Southern Region) And Competitive Landscape.
Product Code: ETC001354 | Publication Date: Jul 2024 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Saudi Arabia Biscuits market currently, in 2023, has witnessed an HHI of 798, Which has increased slightly as compared to the HHI of 618 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Saudi Arabia Biscuits Market |
Forecast period | 2025-2031 |
CAGR | 8% |
Growing Sector | Food Industry |
The Saudi Arabia Biscuits Market report thoroughly covers the market by Types, Category, Distribution Channels, and Regions. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers that would assist stakeholders in devising and aligning their market strategies according to the current and future market dynamics.
The Saudi Arabia Biscuits Market is predicted to witness substantial growth in the forecast period. The market is driven by the increasing demand for convenience food, changing consumer preferences towards healthier snacking options, and the growing FMCG sector in the region.
According to 6Wresearch, the Saudi Arabia Biscuits Market is projected to grow at a CAGR of 8% 2025-2031. The increasing demand for convenience food and the growing FMCG sector in Saudi Arabia are key drivers for the growth of the biscuits market. As busy lifestyles become more prevalent, consumers are seeking convenient snacking options that can be consumed on-the-go or at home. This has led to a rise in demand for biscuits as they provide a quick and easy snack option. Additionally, with the growing economy and rising disposable income, there is an increased purchasing power among consumers which has further fueled the demand for biscuits.
Despite the significant growth opportunities, there are also some challenges faced by the Saudi Arabia Biscuits Market.One of the major challenges is the increasing competition from other snack options such as chips, chocolates, and healthy snacking alternatives like fruits and nuts. Moreover, fluctuations in raw material prices and stringent regulations set by the government on food products may also hinder the growth of the market. Additionally, rising concerns about health risks associated with excessive consumption of biscuits may impact consumer purchasing decisions.
Key players in the market include Almarai, Mondelez International, Britannia Industries Ltd., United Biscuits (UK) Limited, Kellogg's Company, Delifrance, and Parle Products Pvt. Ltd. These companies are continuously investing in R&D activities to develop innovative products and expand their market presence. Currently, Mondelez International holds the dominant share in the market.
The Saudi Arabian government has set strict regulations for food products, including biscuits. These regulations are related to the use of ingredients, labeling, and packaging standards to ensure the safety and quality of food products consumed by the public. Additionally, the government has also implemented measures to monitor and control food imports in order to protect local industries. Moreover, the government is actively promoting investments in the FMCG sector through initiatives such as Vision 2030 which aims to diversify the economy and reduce reliance on oil exports.
The Saudi Arabia Biscuits Market is expected to witness continued growth in the coming years, driven by factors such as increasing urbanization, rising disposable income and changing consumer preferences. Moreover, the growing trend of healthier snacking options is also expected to drive demand for functional/energetic biscuits. The market is also witnessing an increased focus on product innovation and diversification by key players to cater to evolving consumer demands. Additionally, the growing health-conscious population and the regional penetration of brands are expected to drive the market growth as they work towards developing healthier biscuit options.
According to Dhaval, Research Manager, 6Wresearch, the Sweet Biscuits segment holds the largest market share as they are traditionally consumed with tea or coffee in the region.
Premium Biscuits hold the largest market share in the Saudi Arabia Biscuits Market, attributing to the increasing purchasing power of consumers and shifting preferences towards high-quality products.
Supermarkets & Hypermarkets hold the largest market share in the Saudi Arabia Biscuits Market, thanks to the wide variety of products, promotional activities, and convenience they offer.
The Central Region holds the dominant share in the Saudi Arabia Biscuits Market. This can be attributed to the high population and urban development in the region.
The market study offers an exhaustive analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Saudi Arabia Biscuits Market Overview |
3.1 Saudi Arabia Country Indicators |
3.2 Saudi Arabia Biscuits Market Revenues 2021-2031F |
3.3 Saudi Arabia Biscuits Market Revenue Share, By Biscuit Types, 2021 & 2031F |
3.4 Saudi Arabia Biscuits Market Revenue Share, By Category, 2021 & 2031F |
3.5 Saudi Arabia Biscuits Market Revenue Share, By Distribution, 2021 & 2031F |
3.6 Saudi Arabia Biscuits Market Revenue Share, By Regions, 2021 & 2031F |
3.7 Saudi Arabia Biscuits Market - Distribution Life Cycle |
3.8 Saudi Arabia Biscuits Market - Porter’s Five Forces |
4. Saudi Arabia Biscuits Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Saudi Arabia Biscuits Market Trends |
6. Saudi Arabia Biscuits Market Overview, By Biscuit Types |
6.1 Saudi Arabia Biscuits Market Revenues, By Crackers & Savory Biscuits, 2021-2031F |
6.2 Saudi Arabia Biscuits Market Revenues, By Sweet Biscuits, 2021-2031F |
6.3 Saudi Arabia Biscuits Market Revenues, By Functional/ Energetic Biscuits, 2021-2031F |
7. Saudi Arabia Biscuits Market Overview, By Category |
7.1 Saudi Arabia Biscuits Market Revenues, By Premium Biscuits, 2021-2031F |
7.2 Saudi Arabia Biscuits Market Revenues, By Non-Premium Biscuits, 2021-2031F |
8. Saudi Arabia Biscuits Market Overview, By Distribution |
8.1 Saudi Arabia Biscuits Market Revenues, By Supermarkets & Hypermarkets, 2021-2031F |
8.2 Saudi Arabia Biscuits Market Revenues, By Convenience Stores, 2021-2031F |
8.3 Saudi Arabia Biscuits Market Revenues, By Specialist Stores, 2021-2031F |
8.4 Saudi Arabia Biscuits Market Revenues, By Online Retail, 2021-2031F |
8.3 Saudi Arabia Biscuits Market Revenues, By Others, 2021-2031F |
9. Saudi Arabia Biscuits Market Overview, By Region |
9.1 Saudi Arabia Biscuits Market Revenues, By Eastern Region, 2021-2031F |
9.2 Saudi Arabia Biscuits Market Revenues, By Central Region, 2021-2031F |
9.3 Saudi Arabia Biscuits Market Revenues, By Western Region, 2021-2031F |
9.4 Saudi Arabia Biscuits Market Revenues, By Southern Region, 2021-2031F |
10. Saudi Arabia Biscuits Market - Key Performance Indicators |
11. Saudi Arabia Biscuits Market - Opportunity Assessment |
11.1 Saudi Arabia Biscuits Market Opportunity Assessment, By Biscuit Types, 2031F |
11.2 Saudi Arabia Biscuits Market Opportunity Assessment, By Category, 2031F |
11.3 Saudi Arabia Biscuits Market Opportunity Assessment, By Distribution, 2031F |
12. Saudi Arabia Biscuits Market Competitive Landscape |
12.1 Saudi Arabia Biscuits Market Revenue Share, By Company |
12.1.1 Central Region Biscuits Market Revenue Share, By Companies, 2024 |
12.1.2 Western Region Biscuits Market Revenue Share, By Companies, 2024 |
12.1.3 Eastern Region Biscuits Market Revenue Share, By Companies, 2024 |
12.1.4 Southern Region Biscuits Market Revenue Share, By Companies, 2024 |
12.2 Saudi Arabia Biscuits Market Competitive Benchmarking, By Operating & Technical Parameters |
13. Company Profiles |
14. Key Recommendations |
15. Disclaimer |
Market Forecast By Types (Crackers & Savory Biscuits, Sweet Biscuits, Functional/ Energetic), By Category (Premium Biscuits, Non-Premium Biscuits), By Distribution (Supermarkets & Hypermarkets, Convenience Stores, Specialist Stores, Online Retail, And Others), By Regions (Central Region, Western Region, Eastern Region, Southern Region) And Competitive Landscape.
Product Code: ETC001354 | Publication Date: Jun 2022 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Saudi Arabia Biscuits market report thoroughly covers the market by types, Distribution, category, and Regions including Central Region, Western Region, Eastern Region, and Southern Region. The Saudi Arabia Biscuits market outlook report provides an unbiased and detailed analysis of the ongoing Saudi Arabia Biscuits market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Saudi Arabia Biscuits Market is anticipated to project growth during the upcoming years on the back of increasing demand for biscuits as a snack by almost all the sections of the population from a child to senior citizens is one of the major factors leading to the growth of the Saudi Arabia Biscuits Market. Additionally, growing tourism in Saudi Arabia, as well as increasing demand for healthier biscuits that uses ingredients such as oats, multigrain, and wheat, would further lead to the growth of the biscuits market over the next six years. The growing urbanization and increasing working population coupled with rising demand for intermittent snacking are driving the Saudi Arabia Biscuits Market Growth.
According to 6Wresearch, Saudi Arabia Biscuits Market size is anticipated to register growth during 2019-2025. Rising disposable income coupled with growing urbanization is driving the development of the market. Moreover, increasing efforts to shift towards gluten-free cookies owing to improvement in lifestyle is driving the Saudi Arabia Biscuits Market Share. The availability of a wide range of flavored biscuits in the market is also accelerating the Saudi Arabia Biscuits Market Share.
Overall Saudi Arabia, Central Region along with Western Region dominated the Saudi Arabia Biscuits Market in 2018, and are projected to lead the market revenues during the forecast period on account of the rising presence of biscuit manufacturing units in the region together with increasing investments by organizations in marketing and packaging of the product. Further, a growing population coupled with the changing lifestyle of consumers would contribute to the Saudi Arabia biscuit market forecast revenues over the coming years.
On basis of biscuit types, the plain biscuits segment captured the majority of the market revenues in 2018 and is anticipated to lead the market revenues throughout the forecast period due to the rising trend of consuming biscuits as snacks between meals. Also, the premium biscuits segment is anticipated to witness considerable growth over the next six years owing to the growing trend of gifting premium biscuits on occasions.
The Saudi Arabia Biscuits Market report provides a detailed analysis of the following market segments: