Exploring Saudi Arabia Baby Food Market Opportunity, Latest Trends, Demand, and Development By 2028- MarkNtel Advisors

 According to Markntel Advisors Report, Saudi Arabia Baby Food Market is expected to grow at a significant growth rate, and the analysis period is 2023-2028, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Saudi Arabia Baby Food Market Research Report & Summary:

The Saudi Arabia Baby Food market is projected to grow at a CAGR of around 6.1% during the forecast period, i.e., 2023-28.

Time Period Captured in the Report:

·         Historical Years: 2018-21

·         Base Years: 2022

·         Forecast Years: 2023-2028

Who are the Key Players Operating in the Saudi Arabia Baby Food Market?

The top companies of the Saudi Arabia Baby Food Market ruling the industry are: 

Nestlé Saudi Arabia LLC, Al Kamal Import Office Co Ltd, RONESCA, Laboratories Ordesa SL, Almarai Co Ltd, Binzagr Co, Cigalah Group, Nutricia SA, United Pharmaceuticals SA, Bel Middle East FZ LLC, Others

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The Saudi Arabia Baby Food Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-By Category

-Milk Formula

-Standard Milk Formula

-Follow-on Milk Formula

-Growing-Up Milk Formula

-Special Baby Milk Formula

-Prepared Baby Food

-Dried Baby Food

-Other Baby Food

-By Age Group

-3+ years

-1-3 years

-By Category

-Organic

-Inorganic

-By Distribution Channel

-Retail Offline

-Grocery Retailers

-Convenience Retail

-Convenience Stores

-Forecourt Retailers

-Supermarkets

-Hypermarkets

-Discounts

-Warehouse Clubs

-Food/drink/tobacco/specialist

-Non-Grocery Retailers

-Retail E-Commerce

-By Top Cities

-Riyadh

-Jeddah

-Damam

-Mecca & Madinah

-Others

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Market Dynamics - Saudi Arabia Baby Food Market:

Significant Driver: Rapidly Rising Working Women Population

 

The number of women joining the workforce in the country has introduced many new reforms that the government implemented since 2019, and these include pension equality by equalizing the retirement ages for men & women and mandating pension care credits for maternity leaves. According to the World Bank, these reforms are already benefiting 6 million Saudi women aged above 21. It further states that in 2020 alone, almost 7,782 women entered the construction sector, where women’s employment was previously prohibited by law & around 6,662 took on new roles in manufacturing. As working women do not spend much time at home, they are highly dependent on baby food products to provide their children with proper nutrition. Hence, the rapidly rising working women population is the key aspect expected to drive the Saudi Arabia Baby Food Market during 2023-28.

Possible Restraint: Various Government Efforts Towards Encouraging Breastfeeding to Hamper the Market

Traditions & cultural aspects have a deep influence over the governance & society in the country. Along with this, as per its cultural beliefs, breastfeeding is believed to be the optimal method of infant feeding. Owing to this, the government & various non-governmental organizations are actively promoting breastfeeding in the country. Therefore, despite a largely positive outlook for baby food, its demand may decline in the forecast period owing to government restrictions on discounts in the milk formula category to achieve greater control over its sales.

Furthermore, the Saudi government is looking to phase out price discounts to make milk formulas less affordable to encourage breastfeeding. The removal of subsidies on these products sold through pharmacies, supermarkets, & hypermarkets might also impact the distribution landscape in the future, which would negatively impact the sales of baby food products, especially milk formulas, in the succeeding years.

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