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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Saudi Arabia Bouillon and Stock Cubes Market Growth
Saudi Arabia has one of the largest young populations in the world, which is catalysing the robust growth of the food and beverage industry. Moreover, the increasing number of expatriate population with higher purchasing power and the rising demand for exotic foods is also aiding the market growth. In addition, the trend of healthy and sustainable eating in Saudi Arabia is propelling the industry growth. As health conditions such as obesity and diabetes are highly prevalent among the Saudi Arabian population, consumers are increasingly preferring healthy convenience and processed meat such as soups, which, in turn, is increasing the demand for fish and poultry bouillon and stock cubes, further accelerating the market growth.
The rising health consciousness, especially among the millennial and Gen-Z population in Saudi Arabia is positively impacting the market growth. Moreover, the penetration of several multinational companies (MNCs) due to favourable government policies and the consequent development of various convenience stores and supermarkets is increasing the accessibility of stock pot, further catalysing the market growth. In addition, the rising popularity of e-commerce platforms, ease of use and cost-effectiveness of bouillon and stock cubes is providing further impetus to the market growth. Also, the development of bouillon and stock cubes by the leading companies containing ethnic flavours with no added preservatives and colourants is further fuelling the market growth.
Saudi Arabia Bouillon and Stock Cubes Market Report Snapshots
Saudi Arabia Bouillon and Stock Cubes Market Size
Saudi Arabia Bouillon and Stock Cubes Market Growth
Saudi Arabia Bouillon and Stock Cubes Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the Saudi Arabia bouillon and stock cubes market attained a value of about USD 106.81 million.
The market is projected to grow at a CAGR of 4.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach nearly USD 138.42 million by 2032.
The major market drivers include the rising disposable income of young and expatriate population, the rising demand for healthy foods in casual dining, and the surging health consciousness among the millennials and Gen-Z population.
The key trends fuelling the market include the increasing flavouring innovations, such as the product development in ethnic and local flavours with no added preservatives and colourants .
The major product types of bouillon and stock cubes in the market are vegetable, fish, meat, poultry, and beef, among others.
The significant distribution channels in the market are supermarket and hypermarket, convenience store, and online, among others.
The major players in the market are Nestle S.A., Unilever plc, Ajinomoto Co. Inc, Riyadh Food Pvt. Ltd., and Al alali, among others.
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