The market is dominated by domestic suppliers, as imports account for 27.3% of total market size in 2022. Households drive market demand, with household spending representing 82.0% of total demand in 2022. Saudi Arabia has the largest market size for dairy products regionally, with demand reaching USD13.8 billion in 2022. Almarai Co Ltd is the largest company in Saudi Arabia, generating 25.5% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 41.0% of total production value in 2022. The total number of companies decreases in 2022, to 1,101 units. The costs of the industry increase by 11.2% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 22.1% of production value in 2022, the sixth highest regionally. The industry’s exports share increases in 2022 to 14.5% of total production output. With production value of USD6.3 billion, Saudi Arabia accounts for 15.3% of the Middle East and North Africa total in 2022.
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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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