Saudi Arabia Confectionery Market By Product Type (Chocolate, Sugar Candy, and Gum Candy), By Distribution Channel (Supermarkets/Hypermarket, Independent Grocery Stores, Convenience Stores/Forecourt Retailers, Departmental Store, Non-Store Retailing (Online Store)), By Distribution Channel (Direct Vs. Retail), By Region, Competition Forecast & Opportunities, 2027
Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSaudi Arabia confectionery market is anticipated to register a steady CAGR during the forecast period, 2023-2027. The high per capita income of consumers and the trend of gifting confectionery products such as bakery items and chocolates are the primary factors driving Saudi Arabia confectionery market. Also, the growing popularity of online sales channels and the adoption of engaging marketing techniques by the market players to attract customers into buying confectionery products are the other factors boosting the demand for Saudi Arabia confectionery market over the forecast period.
High Demand Among Millennials Drives the Market Growth
Millennials are the highest consumers of
Also, with growing health-consciousness among the millennials, the demand for healthy snacking is expected to grow at a rapid rate. The market players are introducing confectionery products in small packaging to let the millennials eat in small portions and save the rest of the products to eat later. The high consumption of confectionery products among the millennials and the adoption of attractive marketing strategies by the consumers to induce brand loyalty in the millennials is expected to boost Saudi Arabia confectionery market growth over the next five years.
Growing Adoption of Online Sales Channel Boosts the Market Demand
With everyone using smartphones and the internet being so widely available, it's no wonder that more and more people are shopping online. E-commerce platforms are booming! Companies are jumping on board, letting you buy their stuff from the comfort of your own couch. People are loving buying online because it's just so easy – you've got flexible payment options like cash on delivery, card payments, and net banking, plus speedy doorstep delivery. To stand out from the crowd, these companies are throwing out amazing deals and discounts on their sweets and treats. This intense competition and the move towards selling online are expected to really boost the demand for confectionery over the next five years.
Prevalent Gifting Culture Supports the Market Growth
People in Saudi Arabia have money to spend, and with cities growing fast, they can easily enjoy a good life. We're talking about a per capita income of roughly USD 20110.32 thousands as of March 2020! Giving gifts is a big deal here; it's personal. If you're invited to someone's home, you bring a little something as a thank you. These days, folks are choosing fancy chocolates over things like dry fruits or traditional sweets. Because of this, companies are selling their chocolates and other treats in super colorful packaging. Since everyone loves a good gift set, companies are also starting to put their candies and sweets together in gift boxes, which should really help the Saudi Arabia confectionery market grow in the years to come.
Download Free Sample Report
Market Segmentation
The Saudi Arabia confectionery market is segmented into product type, distribution channel, regional distribution, and competitive landscape. Based on product type, the market is divided into chocolate, sugar
Market Players
Mars Saudi Arabia, Ferrero Rocher (Abudawood), Mondelez International, Nestle Saudi Arabia LLC, Meiji Holdings Co., Ltd, The Hershey Company, Chocoladefabriken Lindt & Sprüngli AG, Perfetti Van Melle Group, General Mills, Inc., Grupo Arcor S.A., are the major market players operating in the Saudi Arabia confectionery market.
| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Thousands Units, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Product Type· Distribution Channel |
| Regional scope | Western, Central, Southern, Eastern and Northern |
| Key companies profiled | Mars Saudi Arabia, Ferrero Rocher (Abudawood), Mondelez International, Nestle Saudi Arabia LLC, Meiji Holdings Co., Ltd, The Hershey Company, Chocoladefabriken Lindt & Sprüngli AG, Perfetti Van Melle Group, General Mills, Inc., Grupo Arcor S.A. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope
In this report, Saudi Arabia confectionery market has been segmented into following categories, in addition to the industry trends which have also been detailed below
- Saudi Arabia Confectionery Market, By Product Type
- Chocolate
- Sugar Candy
- Gum Candy
- Saudi Arabia Confectionery Market, By Distribution Channel
- Supermarkets/Hypermarket
- Independent Grocery Stores
- Convenience Stores/Forecourt Retailers
- Departmental Store
- Non-Store Retailing
- Online Store
- Saudi Arabia Confectionery Market, By Region
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy