Saudi Arabia Candy Market (2024-2030) | Share, Growth, Value, Industry, Analysis, Size, Revenue, Trends, Companies, Forecast & Outlook

Saudi Arabia Candy Market Synopsis

The Saudi Arabia candy market is projected to grow at a CAGR of 5.3%, and reach a value of $1,536.7 million by 2026 from $1,115.8 million in 2020. The growth is mainly driven by rising demand for chocolates and other candies among the country??s youth population, increasing urbanization, growing disposable income of people coupled with changing lifestyles & preferences, and rapid expansion of retail outlets such as hypermarkets/supermarkets, convenience stores etc., across the country. Moreover new product launches such as sugar-free confectionery products have led to an increase in sales within the market over the past few years.

Market Drivers

Rising Demand For Chocolates And Other Candies Among The Country??s Youth Population , Increasing Urbanization across the country, Growing Disposable Income Of People Coupled With Changing Lifestyles & Preferences, and Rapid Expansion Of Retail Outlets Such as Hypermarkets/Supermarkets, Convenience Stores Etc. across the country. these are some drivers proliferating the market growth in the country.

Challenges of the Market

Unfavorable Economic Conditions In Some Regions Of Saudi Arabia Which Have Hit Consumer Spending On Non-Essential Items Like Candy To A Certain Extent.

Covid 19 Impact on the Market

The Covid-19 pandemic has had an impact on almost every sector including that of confectionery products in Saudi Arabia as seen by a reduction in demand due to restrictions being placed on movement and gatherings within the country as well as changes in consumer preferences towards healthier eating options rather than indulging sweet treats such as candy bars or lollipops or consuming snacks while out shopping or travelling etc., Manufacturers too have experienced supply chain disruptions resulting from restrictions imposed upon imports & exports leading them into short term financial strains when unable meet customer demands.

key players of the Market

Almarai Co., Mondel??z International, and National Food Industries Company (NFIC) are some players operating in the market and shaping the market growth with their continous efforts through integrating advanced technologies.

Key Highlights of the Report:

• Saudi Arabia Candy Market Outlook
• Market Size of Saudi Arabia Candy Market, 2023
• Forecast of Saudi Arabia Candy Market, 2030
• Historical Data and Forecast of Saudi Arabia Candy Revenues & Volume for the Period 2020-2030
• Saudi Arabia Candy Market Trend Evolution
• Saudi Arabia Candy Market Drivers and Challenges
• Saudi Arabia Candy Price Trends
• Saudi Arabia Candy Porter's Five Forces
• Saudi Arabia Candy Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Candy Market Revenues & Volume By Product Type for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Candy Market Revenues & Volume By Chocolate Candy for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Candy Market Revenues & Volume By Non-Chocolate Candy for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Candy Market Revenues & Volume By Distribution for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Candy Market Revenues & Volume By Supermarkets and Hypermarkets for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Candy Market Revenues & Volume By Convenience Stores for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Candy Market Revenues & Volume By Specalist Retailers for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Candy Market Revenues & Volume By Online Retail for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Candy Market Revenues & Volume By Others for the Period 2020-2030
• Saudi Arabia Candy Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Distribution
• Saudi Arabia Candy Top Companies Market Share
• Saudi Arabia Candy Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Candy Company Profiles
• Saudi Arabia Candy Key Strategic Recommendations