Market Size of saudi arabia dairy alternatives Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 57.59 Million |
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Market Size (2029) | USD 79.08 Million |
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Largest Share by Distribution Channel | Off-Trade |
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CAGR (2024 - 2029) | 6.55 % |
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Fastest Growing by Distribution Channel | Off-Trade |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Saudi Arabia Dairy Alternatives Market Analysis
The Saudi Arabia Dairy Alternatives Market size is estimated at 57.59 million USD in 2024, and is expected to reach 79.08 million USD by 2029, growing at a CAGR of 6.55% during the forecast period (2024-2029).
57.59 Million
Market Size in 2024 (USD)
79.08 Million
Market Size in 2029 (USD)
4.40 %
CAGR (2017-2023)
6.55 %
CAGR (2024-2029)
Largest Market by Category
86.43 %
value share, Non-Dairy Butter, 2023
A steady increase in consumer awareness levels about the ethics of producing non-dairy foods, and the impact of animal husbandry on the environment are the key factors driving the segment.
Largest Market by Distribution Channel
96.91 %
value share, Off-Trade, 2023
The wider availability of various brands, ease of reading product labels, and convenience in comparing different products make it the preferred type among dairy consumers.
Fastest-growing Market by Category
34.33 %
Projected CAGR, Non-Dairy Cheese, 2024-2029
The characteristics of non-dairy cheese products which are created from nuts or seeds which has a perfect solid texture that will also melt, are encouraging the segment's growth.
Fastest-growing Market by Distribution Channel
6.67 %
Projected CAGR, Off-Trade, 2024-2029
The ongoing demand in off-trade channels majorly through online distribution channels as it provides ease of shopping with ample option availability is enticing the growth of the segment.
Leading Market Player
7.57 %
market share, Danone SA, 2022
Danone's major focus on the quality and high standards of the products in plant-based beverages segment with products in wider range of brands made it market leader
Easy availability of dairy alternatives products through wide retail sector is boosting the growth.
- Among distribution channels, the off-trade channel dominates the sales of dairy alternatives in Saudi Arabia. Among the off-trade channels, supermarkets and hypermarkets accounted for the majority share of dairy alternative sales, i.e., 67.8% in 2022.
- Strong penetration of quick-service restaurants, the popularity of street food culture, and the well-established network of cafes are the key factors supporting the on-trade consumption of dairy alternative products in Saudi Arabia. The sales value of dairy alternatives through on-trade increased by 23.2% in 2022 compared to 2021.
- Convenience stores are the second most widely preferred off-trade distribution channels after supermarkets and hypermarkets to purchase dairy alternative products in Saudi Arabia. The sales value of dairy-alternative products through convenience stores is anticipated to grow by 17.9% in 2025 compared to 2022. The broader reach and easy access to private-label brands are the key factors driving the sales of dairy alternative products through convenience stores.
- Online channels are expected to be the fastest-growing retail channel in the off-trade segment. The sales value of dairy alternatives through online retail channels registered a growth rate of 48.9% from 2020 to 2022. The online retail channel offers a wide variety of dairy alternative options than traditional grocery stores, making it easier for consumers to find the specific product they need.
Understand The Key Trends Shaping This Market
