Saudi Arabia Dairy Market Size, Share, Growth & Forecast 2025

1. 2015 – 2025 SAUDI ARABIA DAIRY MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

2. Scope of Report Product of Interest (POI): Dairy Saudi Arabia dairy market is projected to grow at a substantial CAGR during the forecast period. Rising consumption of milk and milk-based products, stringent import & export regulations and policies regarding halal beverages, increasing demand for packaged halal foods among non-Muslims and increasing Muslim population in the country is further anticipated to spur the growth of the dairy market in the country. In terms of type, the market is fragmented into drinking milk, butter, cheese, yogurt & others. Market Segmentation DISTRIBUTION CHANNEL Year Range DAIRY MARKET DAIRY MARKET Store based Non-Store based • • Review Period TYPE 2015 – 2018 Drinking Milk Butter Cheese Yogurt Others • Base Year • REGION • 2019 Western Region Central Region Eastern Region Rest of Saudi Arabia • • • Estimated Year • • 2020 • Forecast Period 2021 – 2025 2

3. Table of Contents Contents 1. Product Overview: Dairy 2. Research Methodology 3. Executive Summary 4. Voice of Customer 4.1. Product Awareness 4.2. Product Quality 4.3. Factors Influencing Purchase Decision 5. Saudi Arabia Dairy Market Outlook 5.1. Market Size & Forecast 5.1.1. By Value 5.2. Market Share & Forecast 5.2.1. By Type (Drinking Milk, Butter, Cheese, Yogurt & Others) 5.2.2. By Distribution Channel (Store and Non-Store based) 5.2.3. By Company 5.2.4. By Region 5.3. Market Attractiveness Index 6. Saudi Arabia Drinking Milk Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value 6.2. Market Share & Forecast 6.2.2. By Distribution Channel 6.3. Pricing Analysis 3

4. Table of Contents Contents 7. Saudi Arabia Butter and Margarine Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value 7.2. Market Share & Forecast 7.2.2. By Distribution Channel 7.3. Pricing Analysis Saudi Arabia Cheese Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value 8.2. Market Share & Forecast 8.2.2. By Distribution Channel 8.3. Pricing Analysis Saudi Arabia Yoghurt Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value 9.2. Market Share & Forecast 8. 9. 9.2.2. By Distribution Channel Pricing Analysis Market Dynamics 10.1. Drivers 10.2. Challenges Market Trends & Developments 9.3. 10. 11. 12. Policy & Regulatory Landscape 13. 14. Saudi Arabia Economic Profile Competitive Landscape 14.1. Company Profiles (Top 10 Companies) 15. Strategic Recommendations 16. About Us & Disclaimer 4

5. RESEARCH METHODOLOGY RESEARCH METHODOLOGY

6. Research Methodology Market Profiling Data Analysis Data Data Developing List of Respondents Formulating Questionnaire Collection Validation In-depth secondary research was conducted to determine top players in the Saudi Arabia dairy market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the Saudi Arabia dairy market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Conclusion ✓ ✓ Market Participants Key Strengths ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 6

7. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of Saudi Arabia dairy market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as rising consumption of milk and milk-based products along with stringent import and export regulation and policies regarding halal beverages. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in Saudi Arabia dairy market. Methodology Followed for Calculation of Market Size: Market Size by Value : Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive secondary • research and primary surveys, with various key opinion leaders/stakeholders, such as dairy companies, suppliers, channel partners, end users, industry experts, and other industry participants. The team interviewed more than 40 – 50 dairy companies, suppliers, 180 – 200 end users, 15 – 20 industry experts and other value chain stakeholders in • the Saudi Arabia dairy market to obtain the overall market size from 2015 to 2019, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-2019. 7

8. Research Methodology Respondents were asked about the current and future market growth rates, market shares by type, by distribution channel, by region and by • company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: Market shares by type, by distribution channel, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of dairy market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in • SPSS/Tableau Software. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Saudi Arabia dairy • market, TechSci Research used various forecast techniques such as: Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis ✓ 8

9. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. Partial List of Companies Interviewed Key Secondary Sources Al Safi Danone LLC World Bank ▪ ▪ Nada Dairy TechSci Research Proprietary Database & Knowledge ▪ ▪ Nadec Repository ▪ Sadafco Company Annual Reports ▪ ▪ Almarai Industry Magazines ▪ ▪ Freisland Industry Reports ▪ ▪ Statista ▪ News Dailies ▪ Credible Paid Databases ▪ 9

10. Industry Brief According to TechSci Research report, “Saudi Arabia Dairy Market By Type (Drinking Milk, Butter, Cheese, Yoghurt & Others), By Distribution Channel (Supermarket/Hypermarket, Grocery Retail, Discount Store, Online, & Others), By Region, Forecast & Opportunities, 2025”, the market is growing at a rapid pace and is anticipated to undergo a double digit CAGR during the forecast period. Key factors propelling the growth of Saudi Arabia dairy market are flourishing dairy industry and entry of new market players. The growing consumption of milk and other dairy products coupled with increasing awareness pertaining to the benefits of milk and related products are also accelerating the growth of dairy market in the country. Furthermore, popularity of packaged dairy goods and increasing inclination of consumers towards health & fitness are expected to fuel the market growth in next five years. Also, several international dairy product manufactures are gaining popularity in Saudi Arabia which is leading to flourishing dairy industryin Saudi Arabia. Saudi Arabia dairy market is also growing significantly due to aggressive advertising being used as a key marketing tool by dairy product manufactures through various channels. Moreover, availability of dairy products in convenient packaging is also acting as a growth driver for the market. Apart from this, thriving e-commerce industry and increased circulation of dairy products on online channels are anticipated to augment the dairy market growth during the forecast period. The country is also witnessing establishment of large commercial dairy farms and manufacturers are adopting advanced technologies to meet the growing requirement for dairy products. Saudi Arabia dairy market can be segmented based on type, distribution channel and region. Based on type, the market can be categorized into drinking milk, butter, cheese, yoghurt and others. Among them, drinking milk segment held the largest market share until 2019 and is further expected to undergo fastest growth during the forecast period owing to growing number of health-conscious population who are aware about the benefits of milk consumption. Based on distribution channel, Saudi Arabia dairy market can be segmented into supermarket/hypermarket, grocery retail, discount store, online and others. Among them, supermarket and hypermarket held largest market share in terms of revenue until 2019 owing to government’s effort to increase dairy productivity and availability of wide variety of dairy products in these stores. However, online channels are expected to undergo significant CAGR through2025 owing to growing popularity of several e-commerce sites in the country. Major players operating in the Saudi Arabia dairy market are Al Safi Danone Ltd, Nada Dairy, Nadec, Saudia Dairy and Foodstuff Company (Sadfco) , Ornua, Danya Foods Ltd, Al Amoudi Group, Almarai, Freisland, Pinar Dairy Food Co and Friesland Arabia Ltd. Leading companies are adopting growth strategies such as new product launches, mergers & acquisitions and joint ventures. “Saudi Arabia is witnessing shift in the consumption pattern of consumers towards healthier diet. Popularity of dairy products like ice cream and shakes are providing profitable growth opportunities for dairy market. In coming years, the country is expected to become one of the largest market for dairy industry with easy availability of these products on various platforms. In addition to this, increasing consumption of butter and cheese and boom in food &beverage industry are further supporting the growth of Saudi Arabia dairy market growth,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 10

11. Sample Data - Snapshot Saudi Arabia Dairy Market Size, By Value (USD Million), 2015–2025F 15.00 14.00 13.00 12.00 11.00 10.00 9.00 8.00 7.00 6.00 5.00 2015 2019 2020E 2025F CAGR BY VALUE: XX% CAGR BY VALUE: XX% By Value (USD Million) Saudi Arabia Dairy Market Share, By Type, By Value, 2015–2025F Drinking Milk Butter Cheese Yogurt Others 20% 20% 20% 20% 20% 2025F 20% 20% 20% 20% 20% 2024F 20% 20% 20% 20% 20% 2023F 20% 20% 20% 20% 20% 2022F 20% 20% 20% 20% 20% 2021F 20% 20% 20% 20% 20% 2020E 20% 20% 20% 20% 20% 2019 20% 20% 20% 20% 20% 2018 20% 20% 20% 20% 20% 2017 20% 20% 20% 20% 20% 2016 20% 20% 20% 20% 20% 2015 Saudi Arabia Drinking Milk Market Share, By Distribution Channel, By Value, 2015–2025F Store based 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% Non-Store based 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F 11

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13. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports Australia Dairy Products Market By Product Type (Dairy Milk, Ghee & Butter, Ice Cream, Milk Powder, Cheese & Spread, Yogurts & Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Grocery Stores, Online & Others), Competition, Forecast & Opportunities, 2024 • UAE Dairy Products Market By Product Type (Yogurt, Dairy milk, Cheese & Spread, Ice Cream & Milk Cream, Ghee & Butter, & Others), By Distribution Channel (Hypermarkets/Supermarkets, Grocery Stores, Online & Other), Competition Forecast & Opportunities, 2024 • TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.