Saudi Arabia Bakery Products Market (2023-2029) | Revenue, Size, Share, Growth, Industry, Outlook, Forecast, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

Saudi Arabia Bakery Product Market Synopsis

Saudi Arabia is one of the countries with a high population density. This has led to an increase in the demand for bakery products. Bakery products are in high demand due to health benefits and convenience. Bakery products are widely consumed across different age groups and social classes in Saudi Arabia. However, the country's bakery industry faces several challenges such as a low level of competitiveness, lack of expertise, and unfavorable infrastructure conditions. Additionally, the Saudi Bakery Product Market is expected to grow over the next five years owing to increasing consumer demand for bakery products across different geographies especially in developing countries such as Saudi Arabia. The growth of the market can be attributed to factors such as aging population, increasing income levels, rising food expenditure, and growing popularity of healthy eating among people in developed economies such as Saudi Arabia. The country is one of the fastest growing markets for bakery products in the world. Middle East Bakery Product Market is a part of the  Global bakery product market.

According to 6Wresearch, the Saudi Arabia Bakery Product Market size is likely to witness growth during 2022-28. The market is growing due to the increasing demand for bakery products in the country. There is an increased preference for healthy food items among Saudis, which is driving the bakery product market. The Saudi Arabia Bakery Product Market is estimated to be worth US$1.4 billion by 2025. This market will grow at a CAGR of 7.8% during the forecast period. The growth of this market can be attributed to the increasing population of people in Saudi Arabia, rising disposable incomes, and the increasing demand for bakery products. One major factor restraining the growth of this market is the high tariffs imposed on imports of bakery products. However, these tariffs are expected to decline over time as a result of trade agreements that have been signed between Saudi Arabia and various countries. Furthermore, the growth of online retailing is also boosting the demand for bakery products in Saudi Arabia.

Market Analysis By Type

The Saudi Arabia bakery market is divided into two segments: packaged food and prepared food. The packaged food segment dominates the market with a share of over 60%. This is due to the high demand for pre-packaged foods such as breads, cakes, biscuits, pies, etc. In terms of prepared food category, coffee shops are the major buyers of this type of product.

Market Analysis By End User

In terms of distribution channel, the market is categorized into hypermarkets/supermarkets, convenience stores, speciality stores and online retailing & others. The supermarkets hold the highest market share. Whereas, the online platforms are also gaining popularity over the past few years.

COVID-19 Influence on the Saudi Arabia Bakery Product Market 

The occurrence of Covid-19 pandemic has resulted into a slump in the market growth. Growing concerns about food security and health are likely to spur the growth of the Saudi Arabia Bakery Product Market. Other factors that are anticipated to contribute towards the growth of the Saudi Arabia Bakery Product Market include increasing urbanization and consumer spending.

Key Attractiveness of the Report

• COVID-19 Influence on the Market Dynamics.
• 10 Years of Market Data.
• Historical Numbers from 2018 to 2021.
• Base Year: 2021
• Market Forecast Data Until 2028
• Key Performance Indicators Influencing the Market.
• Key Developments and Projects.

Key Highlights of the Report

• Saudi Arabia Bakery Products Market Overview
• Saudi Arabia Bakery Products Market Outlook
• Saudi Arabia Bakery Products Market Forecast
• Saudi Arabia Bakery Products Market Size
• Historical Data of Saudi Arabia Bakery Products Market Revenues, for the Period 2018-2021
• Saudi Arabia Bakery Products Market Forecast of Revenues, Until 2028
• Historical Data of Saudi Arabia Bakery Products Market Revenues, by Product Types, for the Period 2018-2021
• Market Size & Forecast of Saudi Arabia Bakery Products Market Revenues, by Product Types, until 2026
• Historical Data of Saudi Arabia Bakery Products Market Revenues, by Distribution Channels, for the Period 2018-2021
• Market Size & Forecast of Saudi Arabia Bakery Products Market Revenues, by Distribution Channels, until 2026
• Market Drivers and Restraints
• Saudi Arabia Bakery Products Market Trends
• Market Opportunity Assessment
• Saudi Arabia Bakery Products Market Share, By Players
• Saudi Arabia Bakery Products Market Share, By Regions
• Saudi Arabia Bakery Products Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The report provides a broad study of the subsequent market segments

By Product Type

• Cakes and Pastries
• Biscuits
• Bread
• Morning Goods & Others

By Distribution Channel

• Hypermarkets/Supermarkets
• Convenience Stores
• Speciality Stores
• Online Retailing & Others

Frequently Enquired Queries Regarding the Market Study: FAQs

1). Which product type accounts for the maximum market share in the Saudi Arabia Bakery Product Market?

The biscuits accounts for the maximum market share in the Saudi Arabia Bakery Product Market.

2). Does the report include the impact of COVID-19?

Yes, the report includes the impact of COVID-19.

3). Which distribution channel is predictable to register the maximum growth rate?

The hypermarkets/supermarkets is projected to record the highest share in future.

4). What are the major trends in Saudi Arabia Bakery Product Market?                          

Overall, bakery product sales are growing faster in GCC countries than elsewhere in the Middle East region In addition, there is greater consumer awareness of healthy eating trends, which is attracting consumers towards healthier foods such as bakery products.

5). What are the crucial factors which are spurring the market demand?                                                

The Saudi Arabia Bakery Product Market is anticipated to witness growth owing to increasing demand for bakery products in the country.

Saudi Arabia bakery product market is expected to witness tremendous growth due to the increasing awareness about health and wellness, shift towards whole wheat bakery products, increasing demand for whole grain and gluten-free product options, changing consumer lifestyles along with the convenience, accessibility and nutrition profile associated bakery products would attribute to the strong growth of bakery products market in the coming years.

According to 6Wresearch, Saudi Arabia Bakery Product Market size is expected to register significant growth during the forecast period 2020-2026. The growth of the bakery product market is mainly attributed due to the outburst of coronavirus, creating a fear of market closures among people resulting in the stocking of the essential food items such as bread and buns to meet the daily requirements. The Saudi Arabian government is ensuring the continuous supply of food is made available and is taking steps to overcome the demand-supply gap promoting the sales of bakery products in the country.

Based on distribution channels, hypermarkets/supermarkets segment is expected to acquire a major market share as these stores provide a wide range for fresh-baked products, whole-grain bread, and specialty bakery products. Furthermore, supermarkets and hypermarkets mode is expected to gain dominance as ordering food through online mode would increase the risk of spreading of coronavirus.

Saudi Arabia Bakery Products market report thoroughly covers the market by product types and distribution channels. Saudi Arabia Bakery Products' market outlook report provides an unbiased and detailed analysis of the on-going Saudi Arabia Bakery Products market trends, opportunities/high growth areas, and drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• Saudi Arabia Bakery Products Market Overview
• Saudi Arabia Bakery Products Market Outlook
• Saudi Arabia Bakery Products Market Forecast
• Saudi Arabia Bakery Products Market Size
• Historical Data of Saudi Arabia Bakery Products Market Revenues, for the Period 2016-2019
• Saudi Arabia Bakery Products Market Forecast of Revenues, Until 2026
• Historical Data of Saudi Arabia Bakery Products Market Revenues, by Product Types, for the Period 2016-2019
• Market Size & Forecast of Saudi Arabia Bakery Products Market Revenues, by Product Types, until 2026
• Historical Data of Saudi Arabia Bakery Products Market Revenues, by Distribution Channels, for the Period 2016-2019
• Market Size & Forecast of Saudi Arabia Bakery Products Market Revenues, by Distribution Channels, until 2026
• Market Drivers and Restraints
• Saudi Arabia Bakery Products Market Trends
• Market Opportunity Assessment
• Saudi Arabia Bakery Products Market Share, By Players
• Saudi Arabia Bakery Products Market Share, By Regions
• Saudi Arabia Bakery Products Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

Saudi Arabia Bakery Products Market report provides a detailed analysis of the following market segments:

• By Product Types:
• Cakes and Pastries
• Biscuits
• Bread
• Morning Goods
• Others
  
  
• By Distribution Channels:
• Hypermarkets/Supermarkets
• Convenience Stores
• Specialty Stores
• Online Retailing
• Others

Other Key Related Reports Include:

• Kenya Bakery Products Market Report
• Nigeria Bakery Products Market Report
• India Bakery Products Market Report
• United Arab Emirates Bakery Products Market Report
• Qatar Bakery Products Market Report