The market is dominated by domestic suppliers, as imports account for 24.4% of total market size in 2023. Households drive market demand, with household spending representing 83.6% of total demand in 2023. Saudi Arabia has the second largest market size for dairy products regionally, with demand reaching USD14.0 billion in 2023. Almarai Co Ltd is the largest company in Saudi Arabia, generating 25.5% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 41.0% of total production value in 2023. The total number of companies increases in 2023, to 1,132 units. The costs of the industry increase by 1.6% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 19.6% of production value in 2023, the eighth highest regionally. The industry’s exports share decreases in 2023 to 10.6% of total production output. With production value of USD6.6 billion, Saudi Arabia accounts for 13.8% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Dairy Products in Saudi Arabia: ISIC 152. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Dairy Products in Saudi Arabia: ISIC 152 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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