The market is dominated by foreign suppliers, as imports account for 60.9% of total market size in 2023. Households drive market demand, with household spending representing 94.2% of total demand in 2023. Saudi Arabia has the largest market size for chocolate and sugar confectionery regionally, with demand reaching USD2.1 billion in 2023. Mars GCC is the largest company in Saudi Arabia, generating 17.0% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 33.9% of total production value in 2023. The total number of companies increases in 2023, to 1,623 units. The costs of the industry decrease by 1.1% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 22.8% of production value in 2023, the 10th highest regionally. The industry’s exports share decreases in 2023 to 12.0% of total production output. With production value of USD716 million, Saudi Arabia accounts for 14.1% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Chocolate and Sugar Confectionery in Saudi Arabia: ISIC 1543. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Chocolate and Sugar Confectionery in Saudi Arabia: ISIC 1543 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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