Saudi Arabia Gluten-Free Products Market
No. of Pages: 138 | Report Code: BMIRE00031036 | Category: Food and Beverages
No. of Pages: 138 | Report Code: BMIRE00031036 | Category: Food and Beverages
The Saudi Arabia gluten-free products market is expected to grow from US$ 89.71 million in 2023 and is projected to reach US$ 155.30 million by 2031; it is expected to register a CAGR of 7.1% from 2023 to 2031.
The Saudi Arabian government’s Vision 2030 initiative has been a key driver in modernizing and expanding the country’s retail infrastructure. This initiative aims to diversify the economy and promote the growth of the private sector, including the retail industry. As a result, Saudi Arabia has rapidly developed modern retail spaces such as hypermarkets, supermarkets, shopping malls, and convenience stores, which have significantly improved the availability of gluten-free food products. Large retail chains such as Carrefour, Lulu, Panda, and Danube have expanded their footprint across Saudi cities, and these outlets are increasingly stocking gluten-free products to cater to the growing demand. The expansion of e-commerce has fostered the influence of social media and digital marketing, as gluten-free brands use these platforms to reach potential customers and promote their products.
Increase in penetration of the Internet and smartphones, quick access to emerging technologies, increased purchasing power, and convenience provided by online retail shopping platforms are among the key factors bolstering e-commerce. With the rising penetration of e-commerce across multiple geographies, the manufacturers of gluten-free products are also enhancing their online presence by selling products through Amazon, Lulu Hypermarket, Carrefour, and other well-known e-commerce platforms. The growing adoption of e-commerce platforms is eliminating the dependency on offline retail stores. Thus, expanding retail infrastructure and e-commerce is expected to provide lucrative opportunities in the Saudi Arabia gluten-free products market in the coming years.
A few key players operating in the Saudi Arabia gluten-free products market are American Garden, Nestle SA, General Mills Inc, Dr. Schar AG, Hunter Foods LLC, Blue Diamond Growers, Mondelez International Inc, Mister Free’d, YummyEarth Inc, and Galletas Gullon SA. Players operating in the market are highly focused on developing high-quality and innovative product offerings to fulfill customers’ requirements.
The overall Saudi Arabia gluten-free products market
size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants, such as valuation experts, research analysts, and key opinion leaders—specializing in the Saudi Arabia gluten-free products
market.
The Saudi Arabia Gluten-Free Products Market is valued at US$ 89.71 Million in 2023, it is projected to reach US$ 155.30 Million by 2031.
As per our report Saudi Arabia Gluten-Free Products Market, the market size is valued at US$ 89.71 Million in 2023, projecting it to reach US$ 155.30 Million by 2031. This translates to a CAGR of approximately 7.1% during the forecast period.
The Saudi Arabia Gluten-Free Products Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Saudi Arabia Gluten-Free Products Market report:
The Saudi Arabia Gluten-Free Products Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Saudi Arabia Gluten-Free Products Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Saudi Arabia Gluten-Free Products Market value chain can benefit from the information contained in a comprehensive market report.
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