Product Code: ETC045739 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Saudi Arabia Savory Snacks market currently, in 2023, has witnessed an HHI of 708, Which has decreased slightly as compared to the HHI of 746 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.
The savory snacks market in Saudi Arabia is projected to show a steady growth during the forecast period of 2025-2031. This growth can be attributed to factors such as the increasing popularity of fast food and quick service restaurants, growing preference for convenient packaging options, and increasing disposable incomes among consumers. Moreover, rising health consciousness amongst people has resulted in increased demand for healthy snack alternatives, thereby boosting sales of savory snacks. The changing lifestyle habits have also impacted consumer preferences with an increase in demand for on-the-go snacks such as chips, popcorn, pretzels etc., which is expected to drive market growth over the next few years.
Increasing Popularity Of Fast Food And Quick Service Restaurants: There has been a significant rise in the number of fast food outlets and quick service restaurants across Saudi Arabia owing to expanding population base along with continuously evolving lifestyles. Furthermore, these outlets are not only offering various cuisines but they are also providing healthier meal options due to growing awareness about dietary needs amongst customers. Hence this factor is likely to propel the overall sales of savory snacks over the forecast period. Growing Preference For Convenient Packaging Options: With hectic lifestyles becoming more prevalent amongst individuals especially from urban areas coupled with changing times have increased convenience seeking behavior amongst millennials leading them towards packaged food products which offer portability as well as nutritional value. As such there has been an upsurge in demand for better packaging solutions that can provide convenience while preserving product freshness driving sales within this segment over upcoming years.
One major challenge faced by manufacturers operating within this industry include high cost associated with raw materials required for production process specifically palm oil & potatoes used extensively by companies engaged producing salted biscuits , potato wafers etc . These costs often reflect directly on end prices hence making it difficult particularly smaller players competing against well established brands present within marketplace.
With regards to Covid-19, the pandemic has significantly impacted Saudi Arabia savory snacks market as companies focus on developing healthier products due to health concerns among consumers. Furthermore, companies have adopted innovative marketing strategies such as ecommerce platforms and celebrity endorsements which will help them gain more customer attention while boosting sales of their savory snacks range.
Key players operating in Saudi Arabia savorey snacks industry include PepsiCo Inc., Mondelez International Inc., Kellogg Company, Nestle S.A., Almarai Co., Abbar & Zainy Group LLC, United Foods Co PJSC (Unikai), Arabia Snack Foods Ltd., Modern Bakery (Cairo) SAE and Frito-Lay Middle East DMCC LLC amongst several others.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Savory Snacks Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Savory Snacks Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Savory Snacks Market - Industry Life Cycle |
3.4 Saudi Arabia Savory Snacks Market - Porter's Five Forces |
3.5 Saudi Arabia Savory Snacks Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Saudi Arabia Savory Snacks Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.7 Saudi Arabia Savory Snacks Market Revenues & Volume Share, By Flavor, 2021 & 2031F |
4 Saudi Arabia Savory Snacks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Savory Snacks Market Trends |
6 Saudi Arabia Savory Snacks Market, By Types |
6.1 Saudi Arabia Savory Snacks Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Savory Snacks Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Saudi Arabia Savory Snacks Market Revenues & Volume, By Potato Chips, 2021-2031F |
6.1.4 Saudi Arabia Savory Snacks Market Revenues & Volume, By Extruded Snacks, 2021-2031F |
6.1.5 Saudi Arabia Savory Snacks Market Revenues & Volume, By Nuts & Seeds, 2021-2031F |
6.1.6 Saudi Arabia Savory Snacks Market Revenues & Volume, By Popcorn, 2021-2031F |
6.1.7 Saudi Arabia Savory Snacks Market Revenues & Volume, By Others, 2021-2031F |
6.2 Saudi Arabia Savory Snacks Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Savory Snacks Market Revenues & Volume, By Supermarket/Hypermarket, 2021-2031F |
6.2.3 Saudi Arabia Savory Snacks Market Revenues & Volume, By Independent Retailers, 2021-2031F |
6.2.4 Saudi Arabia Savory Snacks Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.2.5 Saudi Arabia Savory Snacks Market Revenues & Volume, By Service Station, 2021-2031F |
6.2.6 Saudi Arabia Savory Snacks Market Revenues & Volume, By Others, 2021-2031F |
6.3 Saudi Arabia Savory Snacks Market, By Flavor |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Savory Snacks Market Revenues & Volume, By Roasted/Toasted, 2021-2031F |
6.3.3 Saudi Arabia Savory Snacks Market Revenues & Volume, By Barbeque, 2021-2031F |
6.3.4 Saudi Arabia Savory Snacks Market Revenues & Volume, By Spice, 2021-2031F |
6.3.5 Saudi Arabia Savory Snacks Market Revenues & Volume, By Beef, 2021-2031F |
6.3.6 Saudi Arabia Savory Snacks Market Revenues & Volume, By Others, 2021-2031F |
7 Saudi Arabia Savory Snacks Market Import-Export Trade Statistics |
7.1 Saudi Arabia Savory Snacks Market Export to Major Countries |
7.2 Saudi Arabia Savory Snacks Market Imports from Major Countries |
8 Saudi Arabia Savory Snacks Market Key Performance Indicators |
9 Saudi Arabia Savory Snacks Market - Opportunity Assessment |
9.1 Saudi Arabia Savory Snacks Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Saudi Arabia Savory Snacks Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.3 Saudi Arabia Savory Snacks Market Opportunity Assessment, By Flavor, 2021 & 2031F |
10 Saudi Arabia Savory Snacks Market - Competitive Landscape |
10.1 Saudi Arabia Savory Snacks Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Savory Snacks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |