Saudi Arabia Sugar Confectionery Market (2024-2030) | Outlook, Forecast, Companies, Trends, Share, Industry, Revenue, Value, Size, Analysis & Growth
Market Forecast By Types (Pastilles, Jellies, Caramel & Toffees, Hard-Boiled Sweets, Medicated Confectionery, Mint, Gums, Others (marshmallows, nougat, lollipops, licorice, etc.), By Packaging Types (Sachet, Box & Others), By Distribution Channels (Retail Stores, Online Stores & Others) and competitive landscape
| Product Code: ETC002438 | Publication Date: Sep 2024 | Updated Date: Sep 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Saudi Arabia Sugar Confectionery Market Competition 2023
Saudi Arabia Sugar Confectionery market currently, in 2023, has witnessed an HHI of 990, Which has increased slightly as compared to the HHI of 810 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.
Saudi Arabia Export Potential Assessment For Sugar Confectionery Market (Values in USD Thousand)
Saudi Arabia Sugar Confectionery Market Highlights
| Report Name | Saudi Arabia Sugar Confectionery Market |
| Forecast period | 2024-2030 |
| CAGR | 6.5% |
| Growing Sector | Grocery Retail |
Topics Covered in Saudi Arabia Sugar Confectionery Market Report
The Saudi Arabia Sugar Confectionery Market report thoroughly covers the market By Types, By Packaging Types, By Distribution Channels. The market report provides an unbiased and detailed analysis of the ongoing 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.
Market Synopsis
The Saudi Arabia Sugar Confectionery Market is currently experiencing robust growth, driven by increasing urbanization and rising disposable incomes among consumers. This sector plays a significant role in the country's economy, showcasing an array of products such as pastilles, jellies, and gums. Key trends include a growing inclination towards innovative flavours and healthier alternatives, as consumers become more health-conscious. However, challenges surrounding sugar regulations and stringent food safety requirements impact manufacturers. Overall, the interplay between traditional sweets and modern health trends shapes the market's current landscape.
According to 6Wresearch, the Saudi Arabia Sugar Confectionery Market size is expected to grow at a significant CAGR of 6.5% during the forecast period 2024-2030. The growth of the Saudi Arabia Sugar Confectionery Market is propelled by various factors, including a rising population that fosters increased demand for sugary snacks. Technological advancements in production and packaging are also enhancing product shelf life and variety. Additionally, changing consumer preferences towards unique flavour combinations and premium products play a crucial role in driving market expansion. The emerging trend of online shopping further supports market growth, enabling consumers to access a broader range of confectionery options conveniently.
Despite the positive growth trajectory, the Saudi Arabia Sugar Confectionery Market faces several obstacles. Stringent regulations regarding sugar content and health claims can hinder product innovation and market entry for new players. Additionally, a growing health consciousness among consumers poses challenges for traditional sugar-laden products. Fluctuating raw material prices, influenced by global supply chain issues, can also impact profit margins for manufacturers, necessitating strategic pricing and cost management.
Saudi Arabia Sugar Confectionery Market Leading Players
Key contributors to the Saudi Arabia Sugar Confectionery Market include prominent companies such as Al Nahdi Medical Company, Halwani Bros Co., and Mars, Incorporated. These players significantly influence market dynamics through product innovation, effective marketing strategies, and commitment to quality. Their established distribution networks and strong brand presence enable them to cater to a diverse consumer base, ensuring sustained growth within the sector.
Saudi Arabia Sugar Confectionery Market Government Initiatives
The Saudi Arabian government has implemented various initiatives to support the growth of the Sugar Confectionery Market. These include campaigns promoting healthy eating habits and discouraging excessive sugar consumption, as well as regulations aimed at ensuring food safety and quality standards. The government also provides support for research and development in the confectionery sector, encouraging innovation and product diversification. Additionally, efforts are being made to establish sustainable production practices within the industry, aligning with global trends towards ethical and environmentally responsible production methods. Overall, these initiatives aim to promote a thriving and sustainable Sugar Confectionery Market in Saudi Arabia.
Future Insights of the Market
The future outlook for the Saudi Arabia Sugar Confectionery Market remains optimistic, with substantial opportunities for growth. Emerging trends such as clean-label products and reduced sugar alternatives are expected to gain traction, in line with global dietary shifts. Moreover, technological innovations in production processes promise to enhance efficiency and product offerings. As the e-commerce landscape continues to evolve, manufacturers can leverage online platforms to reach a broader audience, driving sales and market penetration. Overall, the market is set to witness dynamic developments catering to changing consumer preferences.
Market Segmentation By Type
In the Saudi Arabia Sugar Confectionery Market, the fastest-growing segments encompass Gums and Jellies. Gums are particularly appealing due to their diverse flavors and the trend toward lower-sugar options, catering to health-conscious consumers seeking enjoyable treats without excessive guilt. Jellies, with their vibrant colours and unique textures, are becoming increasingly popular among younger demographics, driven by innovations in flavour profiles and health-focused formulations.
Market Segmentation By Packaging Types
When examining packaging types, Box Packaging is witnessing notable growth. This trend is largely influenced by the rising demand for premium products and gifting options, as consumers often prefer aesthetically pleasing packaging that enhances the perceived value of confectionery items. Additionally, eco-friendly packaging solutions are gaining traction, appealing to environmentally conscious shoppers.
Market Segmentation By Distribution Channels
Within the distribution channels, Online Stores are emerging as a significant growth area. The convenience of online shopping, combined with the expanding reach of e-commerce platforms, allows consumers to easily access a broader range of sugar confectionery products. This shift is further accelerated by promotional offers and discounts available through online channels, which attract price-sensitive buyers looking for deals.
Key Attractiveness of the Report
- 10 Years Market Numbers.
- Historical Data Starting from 2020 to 2023.
- Base Year 2023
- Forecast Data until 2030.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Saudi Arabia Sugar Confectionery Market Overview
- Saudi Arabia Sugar Confectionery Market Outlook
- Saudi Arabia Sugar Confectionery Market Forecast
- Historical Data of Saudi Arabia Sugar Confectionery Market Revenues for the Period 2020-2030
- Saudi Arabia Sugar Confectionery Market Size & Sugar Confectionery Market Forecast of Revenues, Until 2030
- Historical Data of Saudi Arabia Sugar Confectionery Market Revenues, By Types, for the Period 2020-2030
- Market Size & Forecast of Saudi Arabia Sugar Confectionery Market Revenues, By Types, Until 2030
- Historical Data of Saudi Arabia Sugar Confectionery Market Revenues, By Packaging Types, for the Period 2020-2030
- Market Size & Forecast of Saudi Arabia Sugar Confectionery Market Revenues, By Packaging Types, Until 2030
- Historical Data of Saudi Arabia Sugar Confectionery Market Revenues, By Distribution Channels, for the Period 2020-2030
- Market Size & Forecast of Saudi Arabia Sugar Confectionery Market Revenues, By Distribution Channels, Until 2030
- Historical Data of Saudi Arabia Sugar Confectionery Market Revenues, By Regions, for the Period 2020-2030
- Market Size & Forecast of Saudi Arabia Sugar Confectionery Market Revenues, By Regions, Until 2030
- Market Drivers and Restraints
- Saudi Arabia Sugar Confectionery Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis and Market Opportunity Assessment
- Saudi Arabia Sugar Confectionery Market Share, By Players
- Saudi Arabia Sugar Confectionery Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Covered
The report offers a comprehensive study of the following market segments
By Types
- Pastilles
- Jellies
- Caramel & Toffees
- Hard-Boiled Sweets
- Medicated Confectionery
- Mint
- Gums
- Others (marshmallows, nougat, lollipops, licorice, etc.)
By Packaging Types
- Sachet
- Box
- Others
By Distribution Channels
- Retail Stores
- Online Stores
- Others
Saudi Arabia Sugar Confectionery Market (2024-2030); FAQs
Key drivers include urbanization, rising disposable incomes, and growing consumer demand for innovative and healthier confectionery options.
Challenges include stringent sugar regulations, health concerns, and fluctuations in raw material prices.
Prominent players include Al Nahdi Medical Company, Halwani Bros Co., and Mars, Incorporated.
Initiatives like the National Transformation Program and food safety regulations promote innovation and healthier product offerings.
The market outlook is positive, driven by clean-label product trends, technological advancements, and the expansion of e-commerce platforms.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 1. Executive Summary |
| 2. Introduction |
| 2.1. Report Description |
| 2.2. Key Highlights |
| 2.3. Market Scope & Segmentation |
| 2.4. Research Methodology |
| 2.5. Assumptions |
| 3. Saudi Arabia Sugar Confectionery Market Overview |
| 3.1. Saudi Arabia Sugar Confectionery Market Revenues, 2020-2030F |
| 3.2. Saudi Arabia Sugar Confectionery Market – Industry Life Cycle |
| 3.3. Saudi Arabia Sugar Confectionery Market – Porter’s Five Forces |
| 3.4. Saudi Arabia Sugar Confectionery Market Revenue Share, By Packaging Types, 2020 & 2030F |
| 3.5. Saudi Arabia Sugar Confectionery Market Revenue Share, By Types, 2020 & 2030F |
| 3.6. Saudi Arabia Sugar Confectionery Market Revenue Share, By Distribution Channels, 2020 & 2030F |
| 3.7. Saudi Arabia Sugar Confectionery Market Revenue Share, By Regions, 2020 & 2030F |
| 4. Saudi Arabia Sugar Confectionery Market Dynamics |
| 4.1. Impact Analysis |
| 4.2. Market Drivers |
| 4.3. Market Restraints |
| 5. Saudi Arabia Sugar Confectionery Market Trends |
| 6. Saudi Arabia Sugar Confectionery Market Overview, By Packaging Types |
| 6.1. Saudi Arabia Sachet Packaging Sugar Confectionery Market Revenues, 2020-2030F |
| 6.2. Saudi Arabia Box Packaging Sugar Confectionery Market Revenues, 2020-2030F |
| 6.3. Saudi Arabia Others Packaging Sugar Confectionery Market Revenues, 2020-2030F |
| 7. Saudi Arabia Sugar Confectionery Market Overview, By Types |
| 7.1. Saudi Arabia Pastilles Sugar Confectionery Market Revenues, 2020-2030F |
| 7.2. Saudi Arabia Gums Sugar Confectionery Market Revenues, 2020-2030F |
| 7.3. Saudi Arabia Jellies Sugar Confectionery Market Revenues, 2020-2030F |
| 7.4. Saudi Arabia Caramel & Toffees Sugar Confectionery Market Revenues, 2020-2030F |
| 7.5. Saudi Arabia Hard-Boiled Sweets Sugar Confectionery Market Revenues, 2020-2030F |
| 7.6. Saudi Arabia Medicated Sugar Confectionery Market Revenues, 2020-2030F |
| 7.7. Saudi Arabia Mint Sugar Confectionery Market Revenues, 2020-2030F |
| 7.8. Saudi Arabia Other Sugar Confectionery Market Revenues, 2020-2030F |
| 8. Saudi Arabia Sugar Confectionery Market Overview, By Distribution Channels |
| 8.1. Saudi Arabia Sugar Confectionery Market Revenues, By Retail Stores, 2020-2030F |
| 8.2. Saudi Arabia Sugar Confectionery Market Revenues, By Online Stores, 2020-2030F |
| 8.3. Saudi Arabia Sugar Confectionery Market Revenues, By Other Distribution Channels, 2020-2030F |
| 9. Saudi Arabia Sugar Confectionery Market Overview, By Regions |
| 10. Saudi Arabia Sugar Confectionery Market Key Performance Indicators |
| 11. Saudi Arabia Sugar Confectionery Market Opportunity Assessment |
| 11.1. Saudi Arabia Sugar Confectionery Market Opportunity Assessment, By Packaging Types, 2030F |
| 11.2. Saudi Arabia Sugar Confectionery Market Opportunity Assessment, By Types, 2030F |
| 11.3. Saudi Arabia Sugar Confectionery Market Opportunity Assessment, By Distribution Channels, 2030F |
| 12. Saudi Arabia Sugar Confectionery Market Competitive Landscape |
| 12.1. Saudi Arabia Sugar Confectionery Market Revenue Share, By Company, 2023 |
| 12.2. Saudi Arabia Sugar Confectionery Market Competitive Benchmarking, By Technical Parameters |
| 13. Company Profiles |
| 14. Recommendations |
| 15. Disclaimer |
Market Forecast By Types (Pastilles, Jellies, Caramel & Toffees, Hard-Boiled Sweets, Medicated Confectionery, Mint, Gums, Others (marshmallows, nougat, lollipops, licorice, etc.)), By Packaging Types (Sachet, Box & Others), By Distribution Channels (Retail Stores, Online Stores & Others) and competitive landscape
| Product Code: ETC002438 | Publication Date: Apr 2020 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Saudi Arabia Sugar Confectionery Market is anticipated to register exponential growth during the forecast period on account of changing tastes and preferences of consumers and the growth of organized retailing in the country. However, the Saudi Arabia sugar confectionery market is expected to register a decline in demand during the first half of 2020 due to the outbreak of the COVID-19 virus which has led to an economic slowdown in the country affecting the production capacity of the manufacturers in the country. Further, increasing awareness of the impact of sugar on health is encouraging the growing number of consumers to attempt to reduce their sugar intake which would hamper the growth of the sugar confectionery market in the near term.
According to 6Wresearch, Saudi Arabia Sugar Confectionery Market is anticipated to register growth during 2020-2026. Based on distribution channels, online stores are expected to register significant growth during the forecast period on the account of the growing population of the young generation and increasing internet penetration in Saudi Arabia. Moreover, the Saudi government has come up with the “Saudi Vision 2030” initiative aimed to encourage international investors to invest in the retailing sector and also encourage public-private partnerships in the country. Thus, promotional offers and online discounts would create ample opportunities for online sugar confectionery stores in the coming years.
Based on packaging types, box packaging accounts for maximum revenue share and is anticipated to witness substantial growth in the overall Saudi Arabia sugar confectionery market in the coming years due to an increase in trend for online shopping in the country. With the focus now shifting towards eco-friendly and sustainability, box packaging is expected to gain traction in the Saudi Arabia sugar confectionery market in the years to come.
The Saudi Arabia Sugar Confectionery market report thoroughly covers the market by types, packaging types, distribution channels, and regions. Saudi Arabia Sugar Confectionery market outlook report provides an unbiased and detailed analysis of the ongoing Saudi Arabia Sugar Confectionery 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 sugar confectionery market is anticipated to gain momentum in the upcoming six years on the back of the rising potential growth of the hospitality industry in the country underpinned by increased foreign delegation, religious and business tourists arrivals which tend to be more desirable to taste famous and innovative and newly innovated confectionaries of the country and as a result, is estimated to spur the massive growth of Saudi Arabia sugar confectionery market in the coming timeframe. Additionally, the rising expatriate population is also expected to be one of the major drivers intended to support the optimistic growth of sugar confectioneries underpinned by the wide range availability of the product in the market which has led to attracting a large number of population and is estimated to spur the massive growth of Saudi Arabia sugar confectionery market in the coming years.
Saudi Arabia sugar confectionery market is anticipated to register sound revenues through the forecast period 2020-26F backed by the increase in the growth of the number of consumers with rising young population growth in the country. On the basis of the product type, Dark chocolate is estimated to dominate the market growth owing to the rising replacement of dark chocolate with consumption of milk chocolate due to other high sugar-based chocolate cause obesity therefore, the increased dark chocolate consumption due to its extensive benefits is expected to act as a catalyst for the growth of Saudi Arabia sugar confectionery market in the coming years. Major players operating in the market are Hershey Food, Nestle, Kraft Food, and Ferrero Group.
Key Highlights of the Report:
- Saudi Arabia Sugar Confectionery Market Overview
- Saudi Arabia Sugar Confectionery Market Outlook
- Saudi Arabia Sugar Confectionery Market Forecast
- Historical Data of Saudi Arabia Sugar Confectionery Market Revenues for the Period 2016-2019
- Saudi Arabia Sugar Confectionery Market Size & Sugar Confectionery Market Forecast of Revenues, Until 2026
- Historical Data of Saudi Arabia Sugar Confectionery Market Revenues, By Types, for the Period 2016-2019
- Market Size & Forecast of Saudi Arabia Sugar Confectionery Market Revenues, By Types, Until 2026
- Historical Data of Saudi Arabia Sugar Confectionery Market Revenues, By Packaging Types, for the Period 2016-2019
- Market Size & Forecast of Saudi Arabia Sugar Confectionery Market Revenues, By Packaging Types, Until 2026
- Historical Data of Saudi Arabia Sugar Confectionery Market Revenues, By Distribution Channels, for the Period 2016-2019
- Market Size & Forecast of Saudi Arabia Sugar Confectionery Market Revenues, By Distribution Channels, Until 2026
- Historical Data of Saudi Arabia Sugar Confectionery Market Revenues, By Regions, for the Period 2016-2019
- Market Size & Forecast of Saudi Arabia Sugar Confectionery Market Revenues, By Regions, Until 2026
- Market Drivers and Restraints
- Saudi Arabia Sugar Confectionery Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis and Market Opportunity Assessment
- Saudi Arabia Sugar Confectionery Market Share, By Players
- Saudi Arabia Sugar Confectionery Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The Saudi Arabia Sugar Confectionery Market report provides a detailed analysis of the following market segments:
- By Types
- Pastilles
- Jellies
- Caramel & Toffees
- Hard-Boiled Sweets
- Medicated Confectionery
- Mint
- Gums
- Others
- By Packaging Types
- Sachet
- Box
- Others
- By Distribution Channels
- Retail Stores
- Online Stores
- Others
Other Key Reports Available:
- Bahrain Sugar Confectionery Market Report
- Oman Sugar Confectionery Market Report
- Kuwait Sugar Confectionery Market Report
- Qatar Sugar Confectionery Market Report
- UAE Sugar Confectionery Market Report
- Turkey Sugar Confectionery Market Report
Pricing
- Single User License$ 1,995
- Department License$ 2,400
- Site License$ 3,120
- Global License$ 3,795
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