The bakery products market in Saudi Arabia is estimated to grow at a CAGR of 8.2% - Foodex Saudi

Saudi Arabia is estimated to be the 20th largest bakery products market worldwide, with US$5.11 billion worth of retail value sales in 2016. Around this period, the Saudi Arabia bakery product market fell in global ranking, from 18^th to 20^th.

The leading international bakery company in the world is Mondelez International Inc and in 2017 it led the bakery products sector in Saudi Arabia with retail sales of US$138.3 million.

As such, the bakery products market in Saudi Arabia is estimated to grow at an 8.2% compound annual growth rate (CAGR) with an estimated US$8.7 billion in retail value sales by 2021. The baked good subsector is the largest of the three subsectors within bakery products category and made up 86% of overall value sales.

 

Source: Euromonitor