Saudi Arabia Soft Drinks Market Overview
According to SPER Market Research, the Saudi Arabia Soft Drinks Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.
A soft drink is a beverage that frequently includes carbonated water, a sweetener, and a flavour, either real or manufactured. Sugar, high-fructose corn syrup, fruit juice, a sugar replacement, or a combination of these may all be used as sweeteners. Furthermore, caffeine, colorings, preservatives, and/or other additives may be found in soft drinks. As an Islamic country, Saudi Arabia has a conservative mentality that encourages strong measures to observe Islamic regulations, which has resulted in the country's prohibition on alcoholic beverages. Following this, many non-alcoholic beverage producers saw this as an opportunity to create various varieties of non-alcoholic beverages, which they have since heavily pushed. Also, in contrast to other nations, due to the absence of alcoholic beverage rivalry, the demand for soft drinks and other non-alcoholic beverages has increased significantly in the country. On the other hand, the country's hot and humid climate, together with the growing need among citizens for beverages that are low in calories, support excellent health, and fit customers' active lifestyles, have significantly increased the market for soft drinks in the country. Other factors that are projected to fuel the expansion of the Saudi Arabia soft drink market are the nation's expanding population and the rise in the number of young people living there.
The market is thriving due to a number of factors, including the rising demand for healthier soft drink alternatives like kombucha and other functional teas, which is driving manufacturers to produce a variety of beverages, the expanding social and economic transformation in Saudi Arabia, and the opportunities brought about by the availability of different flexible packaging options like bags or pouches, among others. In Saudi Arabia, it is illegal to advertise energy drinks and there is a limited ban on the sale of these beverages from specific establishments. Despite this, a big youth market that is drawn to western lifestyle products and the lack of alcoholic drink options are expected to support the Kingdom's booming demand for soft drinks.
Impact of COVID-19 on the Saudi Arabia Soft Drinks Market
Like its counterparts in the food and beverage industry, the global COVID-19 epidemic has had a severe negative impact on the soft drink business. Notwithstanding a few brief closures in a few places, bottling and distribution remain largely active. Short-term priorities include critical issues for worker and consumer safety. There is a high demand for traditional soft drinks and other beverage options as consumers get ready for self-isolation at home. Consumers are stockpiling necessities in anticipation of a protracted period of self-isolation (or quarantine) at home, which has resulted in high rises in packaged water, coffee, dairy, and juice sales in supermarket channels.
Mandatory closures of restaurants, bars, taverns, and cafés will have a substantial impact on industry volumes, as will a decline in traffic at forecourt/travel points of sale. On-trade soft drinks account for 50% of total soft drink consumption and a much bigger part of industry profits. Although while stockpiling behavior is cyclical, the sector needs to prepare for long-term shifts in daily routine. This entails getting ready for altered customer purchasing patterns and viewpoints on health and wellbeing. Among these changes are expected to be an increase in daily beverage occasions at home, a focus on immune-supporting nutrients, and a sharp acceleration of supermarket e-commerce adoption for both food and beverages.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Distribution Channel
|
| Regions covered | Eastern Region, Northern and Capital Region, Western Region, Others
|
| Companies Covered | Al Aujan Holding Company, Al Jomaih Bottling Plants Co., Arla Foods Ltd., Coca-Cola Company, Gulf Union Food Company, PepsiCo, Inc., Saudi Petrochemical Company, Tania Factory for Bottled Drinking Water, Flavored Juices and Plastic Containers, The National Company for Glass Industries
|
Target Audience-
- Business development professionals
- Directors
- Financial professionals
- Industry strategists
- Investment managers
- M&A managers
- Management consultants
- Marketing professionals
- Product developers
- Product managers
Saudi Arabia Soft Drinks Market Segmentation:
1. By Type:
- Bottled Water
- CSD
- Functional Drinks
- Juices
- RTD Tea and Coffee
2. By Distribution Channel:
- Convenience Stores
- Hypermarkets and Supermarkets
- On-trade
- Others
3. By Region:
- Eastern Region
- Northern and Capital Region
- Western Region
- Others
Key Topics Covered in the Report:
- Size of Saudi Arabia Soft Drinks Market (FY’2019-FY’2032)
- Overview of Saudi Arabia Soft Drinks Market
- Segmentation of Saudi Arabia Soft Drinks Market By Type (Bottled Water, CSD, Functional Drinks, Juices, RTD Tea and Coffee)
- Segmentation of Saudi Arabia Soft Drinks Market By Distribution Channel (Convenience Stores, Hypermarkets and Supermarkets, On-trade, Others)
- Statistical Snap of Saudi Arabia Soft Drinks Market
- Saudi Arabia Soft Drinks Market Growth Analysis
- Problems and Challenges in Saudi Arabia Soft Drinks Market
- Saudi Arabia Soft Drinks Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Saudi Arabia Soft Drinks Market
- Details on Recent Investment in Saudi Arabia Soft Drinks Market
- Competitive Analysis of Saudi Arabia Soft Drinks Market
- Major Players in the Saudi Arabia Soft Drinks Market
- SWOT Analysis of Saudi Arabia Soft Drinks Market
- Saudi Arabia Soft Drinks Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Saudi Arabia Soft Drinks Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Saudi Arabia Soft Drinks Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Soft Drinks Market
7. Saudi Arabia Soft Drinks Market, By Type, 2019-2032 (USD Million)
7.1 Bottled Water
7.2 CSD
7.3 Functional Drinks
7.4 Juices
7.5 RTD Tea and Coffee
8. Saudi Arabia Soft Drinks Market, By Distribution Channel, 2019-2032 (USD Million)
8.1 Convenience Stores
8.2 Hypermarkets and Supermarkets
8.3 On-trade
8.4 Others
9. Saudi Arabia Soft Drinks Market, By Region, 2019-2032 (USD Million)
9.1 Saudi Arabia Soft Drinks Size and Market Share by Region (2019-2025)
9.2 Saudi Arabia Soft Drinks Size and Market Share by Region (2026-2032)
9.3 Eastern Region
9.4 Northern and Capital Region
9.5 Western Region
9.6 Others
10. Company Profiles
10.1 Al Aujan Holding Company
10.1.1 Company details
10.1.2 Financial outlook
10.1.3 Product summary
10.1.4 Recent developments
10.2 Al Jomaih Bottling Plants Co.
10.2.1 Company details
10.2.2 Financial outlook
10.2.3 Product summary
10.2.4 Recent developments
10.3 Arla Foods Ltd.
10.3.1 Company details
10.3.2 Financial outlook
10.3.3 Product summary
10.3.4 Recent developments
10.4 Coca-Cola Company
10.4.1 Company details
10.4.2 Financial outlook
10.4.3 Product summary
10.4.4 Recent developments
10.5 Gulf Union Food Company
10.5.1 Company details
10.5.2 Financial outlook
10.5.3 Product summary
10.5.4 Recent developments
10.6 PepsiCo, Inc.
10.6.1 Company details
10.6.2 Financial outlook
10.6.3 Product summary
10.6.4 Recent developments
10.7 Saudi Petrochemical Company
10.7.1 Company details
10.7.2 Financial outlook
10.7.3 Product summary
10.7.4 Recent developments
10.8 Tania Factory for Bottled Drinking Water, Flavored Juices and Plastic Containers
10.8.1 Company details
10.8.2 Financial outlook
10.8.3 Product summary
10.8.4 Recent developments
10.9 The National Company for Glass Industries
10.9.1 Company details
10.9.2 Financial outlook
10.9.3 Product summary
10.9.4 Recent developments
11. List of Abbreviations
12. Reference Links
13. Conclusion
14. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
