Saudi Arabia Plant Based Milk Market Overview, 2029

The first plant-based milk substitutes to hit the Saudi market were soy and almond milk variants, designed to satisfy consumers who couldn't tolerate lactose or were looking for dairy-free options because of dietary restrictions or health issues. This introduction influenced consumer preferences in the area at the same time as worldwide movements towards better lives and environmental concern. The Saudi Arabian market for plant-based milk has expanded beyond soy and almond milk as it has developed. Oat milk, coconut milk, and mixes of other plant sources have been introduced as a result of innovations, indicating a growing customer need for diversity and health advantages. Technological developments in food manufacturing have allowed producers to enhance nutritional content and flavour characteristics, contributing to this increase. The early days of the plant-based milk industry in Saudi Arabia highlights a progressive change in consumer perceptions about dairy substitutes. These items were once considered niche, but as dietary preferences change and health concerns gain traction, they are now widely accepted. The market has grown as a result of government measures supporting sustainability and better eating habits. These initiatives have encouraged the manufacture of plant-based milk products both domestically and internationally to fulfil the growing demand for them throughout the Kingdom. According to the research report "Saudi Arabia Plant Based Milk Market Overview, 2027" published by Bonafide Research, it is expected that the Plant Based Milk Market will grow rapidly over the forecast period. The Saudi Arabia plant-based milk market is driven by several key factors shaping its dynamics and growth trajectory. Increasing health consciousness among consumers, driven by concerns over lactose intolerance and dietary preferences such as veganism, plays a pivotal role. This shift is further bolstered by rising disposable incomes and a growing awareness of environmental sustainability, prompting consumers to opt for plant-based alternatives. The Saudi Arabia plant-based milk market is driven by several key factors shaping its dynamics and growth trajectory.

Based on its origins, plant-based milk is available in a variety of forms, each with unique flavors, textures, and nutritional profiles to suit a range of dietary requirements and customer preferences. Soy milk is one of the oldest and most widely used plant-based milk substitutes in the world. It comes from soybeans and is well-known for having a high protein content and creamy texture, which makes it a top choice for people seeking a dairy-free protein source. Almond milk has a little sweet taste and a nutty, light flavour. It is created from powdered almonds and water. To improve its nutritional value, almond milk is frequently fortified with calcium, vitamin D, and vitamin E. The chopped flesh of fully grown coconuts is used to make coconut milk. It tastes lightly like coconut and has a thick, creamy texture. Compared to other plant-based milks, coconut milk has more calories and fat, but it also has a distinct flavour that complements both savoury and sweet foods. Water is combined with milled white or brown rice to make rice milk. Its flavour is moderate and somewhat sweet, which makes it a good choice for people who are lactose intolerant or allergic to nuts. Soaking oats in water, mixing, and filtering the solids are the steps involved in making oat milk. It tastes like cow's milk—it's somewhat sweet and has a creamy texture. Other plant-based sources that can be used to make plant-based milk include hemp, flaxseed, quinoa, and pea protein. All of these substitutes satisfy varying dietary needs and customer preferences while providing unique tastes and nutritional advantages. Formulations in the plant-based milk industry may be broadly divided into two categories: plain and flavoured varieties. Plain plant-based milks have a taste that is similar to that of regular dairy milk and are usually unflavored and unsweetened. Ingredients including soy, almond, oat, coconut, rice, or hemp are frequently used to make them. Customers searching for a flexible milk substitute that can be used for baking, cooking, and as a dairy substitute in drinks are drawn to simple formulas. Sweeteners (such cane sugar, agave syrup, or stevia) and artificial or natural flavours (including matcha, chocolate, strawberry, or vanilla) are added to enhance the flavour of plant-based milks. These formulations are intended for consumers who want to add diversity to their drinks and cereal or who are searching for ready-to-drink solutions that approximate flavoured dairy milk. Plant-based milks with flavours are frequently sold as stand-alone drinks that may be consumed cold or heated, as well as in smoothies and desserts. The market for plant-based milk offers both plain and flavoured formulations to accommodate a range of customer preferences, including dietary constraints, health-consciousness, and flavour preferences. As the demand for plant-based dairy substitutes rises, the market is expected to continue rising due to developments in ingredients and formulations. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029

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Manmayi Raval

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Aspects covered in this report • Plant-based Milk market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Source • Soy • Almond • Coconut • Rice • Oat Milk • Other Sources (Cashews, Hazelnuts, Others) By Formulation • Plain • Flavored

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The approach of the report: This report consists of a combined approach to primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.