Saudi Arabia Milk Powder Market Set to Reach $579.08 Million by 2030
Source: The DairyNews
The "Saudi Arabia Milk Powder Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Top Companies Analysis" report has been added to ResearchAndMarkets.com's offerings.
In 2023, the Saudi Arabia milk powder market was valued at US$ 379.07 million. It is projected to grow to US$ 579.08 million by 2030, with an expected compound annual growth rate (CAGR) of 6.24% during the forecast period from 2024 to 2030.
Historically, Saudi Arabia has been known for its strong appreciation of traditional dairy products such as yogurt and fresh white cheeses. However, recent years have seen a significant shift in consumer preferences towards milk powder. Despite the continued popularity of traditional dairy items, milk powder has gained traction due to its extended shelf life, convenience, and versatility, meeting the evolving needs and preferences of modern consumers in Saudi Arabia.
The growing popularity of milk powder in Saudi Arabia is driven by urbanization, changing lifestyles, and increased awareness of convenience. As more individuals prioritize the convenience and extended shelf life of milk powder, demand continues to surge. Additionally, the versatility of milk powder in various culinary applications and its ease of preparation contribute to its rising appeal. The market has seen a significant uptick in sales, reflecting consumers' evolving preferences and needs.
Furthermore, with rising health awareness in Saudi Arabia, there is an increasing demand for organic dairy products, mirroring global trends towards healthier eating habits. The rise of veganism and lactose-free options is also evident, with plant-based milk alternatives gaining popularity in the Saudi Arabia milk powder market. Consumers are seeking dairy options that align with their nutritional goals and ethical considerations. This evolving landscape underscores the importance of offering a diverse range of dairy products to cater to the varied preferences and needs of the Saudi Arabia milk powder market.
Additionally, many health-conscious consumers in Saudi Arabia are turning to milk powder to supplement their diets with essential nutrients. Milk powder is convenient and versatile, providing key vitamins such as calcium, protein, and other nutrients in various dishes and beverages. With busy lifestyles and hectic schedules, consumers find milk powder a convenient solution for meeting their nutritional needs. This trend contributes to the growth of the Saudi Arabia milk powder market as more individuals prioritize health and seek convenient options for a balanced diet.
By type, the Saudi Arabia milk powder market is segmented into Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener Powder, Buttermilk Powder, Fat-Filled Milk Powder, and Other Milk Powder. Whole milk powder is expected to remain a significant segment in the market due to its versatility and nutritional value. It serves as a convenient dairy alternative for various culinary applications, including baking, cooking, and making beverages. Additionally, whole milk powder's longer shelf life and ease of storage make it an attractive choice for consumers seeking convenient dairy solutions. Its rich flavor and creamy texture contribute to its popularity, solidifying its role as a central segment of the milk powder market.
Historically, Saudi Arabia has been known for its strong appreciation of traditional dairy products such as yogurt and fresh white cheeses. However, recent years have seen a significant shift in consumer preferences towards milk powder. Despite the continued popularity of traditional dairy items, milk powder has gained traction due to its extended shelf life, convenience, and versatility, meeting the evolving needs and preferences of modern consumers in Saudi Arabia.
The growing popularity of milk powder in Saudi Arabia is driven by urbanization, changing lifestyles, and increased awareness of convenience. As more individuals prioritize the convenience and extended shelf life of milk powder, demand continues to surge. Additionally, the versatility of milk powder in various culinary applications and its ease of preparation contribute to its rising appeal. The market has seen a significant uptick in sales, reflecting consumers' evolving preferences and needs.
Furthermore, with rising health awareness in Saudi Arabia, there is an increasing demand for organic dairy products, mirroring global trends towards healthier eating habits. The rise of veganism and lactose-free options is also evident, with plant-based milk alternatives gaining popularity in the Saudi Arabia milk powder market. Consumers are seeking dairy options that align with their nutritional goals and ethical considerations. This evolving landscape underscores the importance of offering a diverse range of dairy products to cater to the varied preferences and needs of the Saudi Arabia milk powder market.
Additionally, many health-conscious consumers in Saudi Arabia are turning to milk powder to supplement their diets with essential nutrients. Milk powder is convenient and versatile, providing key vitamins such as calcium, protein, and other nutrients in various dishes and beverages. With busy lifestyles and hectic schedules, consumers find milk powder a convenient solution for meeting their nutritional needs. This trend contributes to the growth of the Saudi Arabia milk powder market as more individuals prioritize health and seek convenient options for a balanced diet.
By type, the Saudi Arabia milk powder market is segmented into Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener Powder, Buttermilk Powder, Fat-Filled Milk Powder, and Other Milk Powder. Whole milk powder is expected to remain a significant segment in the market due to its versatility and nutritional value. It serves as a convenient dairy alternative for various culinary applications, including baking, cooking, and making beverages. Additionally, whole milk powder's longer shelf life and ease of storage make it an attractive choice for consumers seeking convenient dairy solutions. Its rich flavor and creamy texture contribute to its popularity, solidifying its role as a central segment of the milk powder market.
