Saudi Arabia Condensed Milk Market

Saudi Arabia Condensed Milk Market Overview

Condensed milk is defined as the cow’s milk from which the water has been removed and contains sugar in the form of sweetened condensed milk. The condensed milk and evaporated milk are the forms of concentrated milk with around 60% water content. The Saudi Arabia condensed milk market covers a wide range of distribution channels, which include supermarkets/hypermarkets, convenience stores, online retails, and other platforms.

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Major Saudi Arabia Condensed Milk Market Drivers

One of the major factors that is contributing to the growth of the condensed milk market in Saudi Arabia includes the strong demand for non-dairy milk products in the country. The increasing awareness related to the numerous benefits offered by dairy-free alternative products such as provides ample number of vitamins and minerals, has further surged its demand. Condensed milk is considered an important ingredient in desserts such as cakes and ice cream as they have a thick texture and sweet flavor. Moreover, the strong demand for condensed milk-based products, particularly among lactose intolerance consumers, is another factor that will drive the growth of the Saudi Arabia market. The increasing online awareness campaigns have encouraged the trend of vegan diet pattern as this platform has helped the vegan consumer to share their particular experiences. Thus, the surging trend of vegan food products is opening new doors for the growth of the Saudi Arabia condensed milk market.

In addition to this, the emergence of new recipes in bakery and confectionaries is motivating individuals to opt for condensed milk over the coming years. The government is focusing on increasing the production of the dairy sector, which will indirectly impact the market’s demand. The project Almarai got approval for the loan of USD 100 million, which include USD 90 million for the Beyti to fund its dairy and juice production capacity expansion and rising working capital needs and up to USD 10 million for Teeba, to strengthen its capital base and fund its permanent working capital needs.

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Product – Segment Analysis

Based on product, the non-dairy segment is anticipated to grow at a higher CAGR during the forecast period. The increasing lactose intolerant population in the country has surged the demand for non-dairy condensed milk products. The young generation is emphasizing moving towards vegan and non-dairy products as these products does not involve animal cruelty during the production process.

Distribution Channel – Segment Analysis

Based on the distribution channel, supermarkets/hypermarkets segment is predicted to dominate the market during the forecast period. This is mainly attributed to the easy availability of a wide range of products under one roof. Moreover, the customer assistance services that help in choosing the right product is further encouraging the consumers to opt for this distribution channel for their weekly grocery purchase.

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Key Developments:

• • In 2020, Hochwald Foods GmbH, one of the largest German dairy cooperative, announced its plan to strengthen its presence in the Middle East region, especially in Saudi Arabia. The company also stated that it is planning to tap consumers through different channels and formats.

The Saudi Arabia condensed milk market is segmented into product type, packaging type, and distribution channel. Based on product type, the market is segmented into dairy and non-dairy. Based on packaging type, the market is segmented into cans, tubes and bottles. Based on distribution channel, the market is segmented into supermarkets and hypermarkets, convenience stores, specialty stores, online retails, and others.

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Market Segmentation

Saudi Arabia Condensed Milk Market by Product Type

• • Dairy
  • Non-Dairy

Saudi Arabia Condensed Milk Market by Packaging Type

• • Cans
  • Tubes
  • Bottles

Saudi Arabia Condensed Milk Market by Distribution Channel

• • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Retails
  • Others