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

Saudi Arabia Biscuits Market Highlights

Report Name	Saudi Arabia Biscuits Market
Forecast period	2024-2030
CAGR	8%
Growing Sector	Food Industry

Topics Covered in the Saudi Arabia Biscuits Market Report

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.

Saudi Arabia Biscuits Market Synopsis

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% during the forecast period. 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.

Saudi Arabia Biscuits Market: Key Players

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.

Saudi Arabia Biscuits Market: Government Regulations

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.

Future Insights of the Market

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.

Market Segmentation by Types

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.

Market Segmentation by Category

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.

Market Segmentation by Distribution

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.

Market Segmentation by Regions

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.

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 Projects and Development.

Key Highlights of the Report:

• Saudi Arabia Biscuits Market Overview
• Saudi Arabia Biscuits Market Outlook
• Saudi Arabia Biscuits Market Forecast
• Historical Data of Saudi Arabia Biscuits Market Revenues for the Period 2020-2030
• Saudi Arabia Biscuits Market Size and Saudi Arabia Biscuits Market Forecast of Revenues, Until 2030
• Historical Data of Saudi Arabia Biscuits Market Revenues, By Types, for the Period 2020-2030
• Market Size & Forecast of Saudi Arabia Biscuits Market Revenues, By Types, Until 2030
• Historical Data of Saudi Arabia Biscuits Market Revenues, by Distribution, for the Period 2020-2030
• Market Size & Forecast of Saudi Arabia Biscuits Market Revenues, by Distribution, Until 2030
• Historical Data of Saudi Arabia Biscuits Market Revenues, By Category, for the Period 2020-2030
• Market Size & Forecast of Saudi Arabia Biscuits Market Revenues, By Category, Until 2030
• Historical Data of Central Region Biscuits Market Revenues, for the Period 2020-2030
• Market Size & Forecast of Central Region Biscuits Market Revenues, Until 2030
• Historical Data of Western Region Biscuits Market Revenues, for the Period 2020-2030
• Market Size & Forecast of Western Region Biscuits Market Revenues, Until 2030
• Historical Data of Eastern Region Biscuits Market Revenues, for the Period 2020-2030
• Market Size & Forecast of Eastern Region Biscuits Market Revenues, Until 2030
• Historical Data of Southern Region Biscuits Market Revenues, for the Period 2020-2030
• Market Size & Forecast of Southern Region Biscuits Market Revenues, Until 2030
• Market Drivers and Restraints
• Saudi Arabia Biscuits Market Price Trends
• Saudi Arabia Biscuits Market Trends and Distribution Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Saudi Arabia Biscuits Market Share, By Players
• Saudi Arabia Biscuits Market Share, By Regions
• Saudi Arabia Biscuits Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Segmentation

The market study offers an exhaustive analysis of the following market segments:

By Types

• Crackers & Savory Biscuits
• Sweet Biscuits
• Functional/ Energetic

By Category

• Premium Biscuits
• Non-Premium Biscuits

By Distribution

• Supermarkets & Hypermarkets
• Convenience Store
• Specialist Stores
• Online Retail
• Others

By Regions

• Central Region
• Western Region
• Eastern Region
• Southern Region