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The Saudi Arabia bouillon and stock cubes market attained a value of about USD 98 million in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 4.4% to reach nearly USD 127 million by 2026.
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.
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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.
A bouillon and stock cube, variously known as broth cube or stockpot, is a solid cube that is made from vegetable juice, dried meats, and various seasonings and is used to add flavour to several dishes, including stews and soups. It is a popular ingredient due to its cost-effectiveness, and ease, and speed of use.
The major types of bouillon and stock cubes are:
The market can be broadly categorised on the basis of its distribution channels into:
The impact of COVID-19 is significantly changing consumer behaviour and food habits. Consumers are increasingly becoming more aware of the food ingredient and calorie intake and are preferring a balanced diet. The pandemic is also increasing the prevalence of home-cooked meals owing to safety concerns. This is escalating the demand for bouillon and stock cubes, which can instantly and easily enhance the flavour of home-cooked meals, aiding the market growth. Moreover, the surge of casual dining in cities, such as Riyadh and Jeddah, owing to the rising disposable income and improving living standards of the masses, has increased the demand for healthy and flavoured foods, consequently propelling the growth of the bouillon and stock cubes industry in recent years.
The increasing shift from fast food to fast casual food, especially among the working population, which adheres to the demand for healthy alternatives, is expected to catalyse the market growth. Moreover, the introduction of healthy locally produced dishes using bouillon and stock cubes to increase the flavour by local brands is also anticipated to propel the market growth. Additionally, the rising trend of veganism in the country is increasing the demand for vegetable bouillon cubes, further invigorating the market growth.
The report presents a detailed analysis of the following key players in the Saudi Arabia bouillon and stock cubes market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Distribution Channel|
|Breakup by Product Type||Vegetable, Fish, Meat, Poultry, Beef, Others|
|Breakup by Distribution Channel||Supermarket and Hypermarket, Convenience Store, Online, Others|
|Market Dynamics||SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand and Price|
|Competitive Landscape||Market Structure, Company Profiles-Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Nestle S.A., Unilever plc, Ajinomoto Co. Inc, Riyadh Food Pvt.Ltd., Al alali, Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6.1 Saudi Arabia
7 Industry Opportunities and Challenges
8 GCC Bouillon and Stock Cubes Market Overview
8.1 Key Industry Highlights
8.2 GCC Bouillon and Stock Cubes Historical Market (2016-2020)
8.3 GCC Bouillon and Stock Cubes Market Forecast (2021-2026)
8.4 GCC Bouillon and Stock Cubes Market by Product Type
8.5 GCC Bouillon and Stock Cubes Market by Country
8.5.1 Market Share
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
9 Saudi Arabia Bouillon and Stock Cubes Market Analysis
9.1 Key Industry Highlights
9.2 Saudi Arabia Bouillon and Stock Cubes Historical Market (2016-2020)
9.3 Saudi Arabia Bouillon and Stock Cubes Market Forecast (2021-2026)
9.4 Saudi Arabia Bouillon and Stock Cubes Market by Product Type
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2016-2020)
184.108.40.206 Forecast Trend (2021-2026)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2016-2020)
22.214.171.124 Forecast Trend (2021-2026)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2016-2020)
184.108.40.206 Forecast Trend (2021-2026)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2016-2020)
22.214.171.124 Forecast Trend (2021-2026)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2016-2020)
184.108.40.206 Forecast Trend (2021-2026)
9.5 Saudi Arabia Bouillon and Stock Cubes Market by Distribution Channel
9.5.1 Supermarket and Hypermarket
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2016-2020)
22.214.171.124 Forecast Trend (2021-2026)
9.5.2 Convenience Store
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2016-2020)
184.108.40.206 Forecast Trend (2021-2026)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2016-2020)
22.214.171.124 Forecast Trend (2021-2026)
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Nestle S.A.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
12.2.2 Unilever plc
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
12.2.3 Ajinomoto Co. Inc
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
12.2.4 Riyadh Food Pvt.Ltd.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
12.2.5 Al alali
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
13 Industry Events and Developments
List of Figures and Tables
1. GCC Bouillon and Stock Cubes Market: Key Industry Highlights, 2016 and 2026
2. GCC Arabia Bouillon and Stock Cubes Market: Breakup by Product Type (%), 2020
3. GCC Arabia Bouillon and Stock Cubes Market: Breakup by Country (%), 2020
4. Saudi Arabia Bouillon and Stock Cubes Market: Key Industry Highlights, 2016 and 2026
5. Saudi Arabia Bouillon and Stock Cubes Historical Market: Breakup by Product Type (USD Million), 2016-2020
6. Saudi Arabia Bouillon and Stock Cubes Market Forecast: Breakup by Product Type (USD Million), 2021-2026
7. Saudi Arabia Bouillon and Stock Cubes Historical Market: Breakup by Distribution Channel (USD Million), 2016-2020
8. Saudi Arabia Bouillon and Stock Cubes Market Forecast: Breakup by Distribution Channel (USD Million), 2021-2026
9. Saudi Arabia Bouillon and Stock Cubes Market Structure
In 2020, the Saudi Arabia bouillon and stock cubes market attained a value of about USD 98 million.
The market is projected to grow at a CAGR of 4.4% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach nearly USD 127 million by 2026.
The industry is being aided by 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 market is expected to be driven by the increasing consumption of nutritious foods owing to the coronavirus pandemic, and the surging vegan population.
The major product types of bouillon and stock cubes in the industry 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 industry are Nestle S.A., Unilever plc, Ajinomoto Co. Inc, Riyadh Food Pvt. Ltd., and Al alali, among others.
The Saudi Arabia bouillon and stock cubes market attained a value of about USD 98 million in 2020, driven by the rising health consciousness among the young population. Aided by the rising demand for healthy food due to COVID-19, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 4.4%. The market is projected to reach nearly USD 127 million by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product types, the bouillon and stock cubes industry can be segmented into vegetable, fish, meat, poultry, and beef, among others. On the basis of distribution channels, the industry is divided into supermarket and hypermarket, convenience store, and online, among others. The key players in the above market include Nestle S.A., Unilever plc, Ajinomoto Co. Inc, Riyadh Food Pvt. Ltd., and Al alali, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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