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Saudi Arabia Bouillon and Stock Cubes Market Size, Growth: By Product Type: Vegetable, Fish, Meat, Poultry, Beef, Others; By Distribution Channel: Supermarket and Hypermarket, Convenience Store, Online, Others; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Saudi Arabia Bouillon and Stock Cubes Market Outlook
The Saudi Arabia bouillon and stock cubes market attained a value of about USD 106.81 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.4% to reach nearly USD 138.42 million by 2032.
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Surging Health Consciousness Among the Millennials and Gen-Z Population Aiding the Market Growth
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.
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.
Bouillon and Stock Cubes: Market Segmentation
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.
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The major types of bouillon and stock cubes are:
- Vegetable
- Fish
- Meat
- Poultry
- Beef
- Others
The market can be broadly categorised on the basis of its distribution channels into:
- Supermarket and hypermarket
- Convenience Store
- Online
- Others
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Rising Demand for Healthy Food in Casual Dining to Bolster the Growth of the Bouillon and Stock Cubes Industry
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.
Key Industry Players in the Saudi Arabia Bouillon and Stock Cubes Market
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:
- Nestle S.A.
- Unilever plc
- Ajinomoto Co. Inc
- Riyadh Food Pvt. Ltd.
- Al alali
- Others
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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Distribution Channel |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
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
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Saudi Arabia
7 Opportunities and Challenges in the Market
8 GCC Bouillon and Stock Cubes Market Overview
8.1 Key Industry Highlights
8.2 GCC Bouillon and Stock Cubes Historical Market (2018-2023)
8.3 GCC Bouillon and Stock Cubes Market Forecast (2024-2032)
8.4 GCC Bouillon and Stock Cubes Market by Product Type
8.5 GCC Bouillon and Stock Cubes Market by Country
8.5.1 Saudi Arabia
8.5.2 United Arab Emirates
8.5.3 Kuwait
8.5.4 Qatar
8.5.5 Others
9 Saudi Arabia Bouillon and Stock Cubes Market Analysis
9.1 Key Industry Highlights
9.2 Saudi Arabia Bouillon and Stock Cubes Historical Market (2018-2023)
9.3 Saudi Arabia Bouillon and Stock Cubes Market Forecast (2024-2032)
9.4 Saudi Arabia Bouillon and Stock Cubes Market by Product Type
9.4.1 Vegetable
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Fish
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.4.3 Meat
9.4.3.1 Historical Trend (2018-2023)
9.4.3.2 Forecast Trend (2024-2032)
9.4.4 Poultry
9.4.4.1 Historical Trend (2018-2023)
9.4.4.2 Forecast Trend (2024-2032)
9.4.5 Beef
9.4.5.1 Historical Trend (2018-2023)
9.4.5.2 Forecast Trend (2024-2032)
9.4.6 Others
9.5 Saudi Arabia Bouillon and Stock Cubes Market by Distribution Channel
9.5.1 Supermarket and Hypermarket
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Convenience Store
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.5.3 Online
9.5.3.1 Historical Trend (2018-2023)
9.5.3.2 Forecast Trend (2024-2032)
9.5.4 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
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 Key Indicators for Demand
10.4 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.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Unilever plc
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Ajinomoto Co. Inc
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Riyadh Food Pvt.Ltd.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Al alali
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. GCC Bouillon and Stock Cubes Market: Key Industry Highlights, 2018 and 2032
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, 2018 and 2032
5. Saudi Arabia Bouillon and Stock Cubes Historical Market: Breakup by Product Type (USD Million), 2018-2023
6. Saudi Arabia Bouillon and Stock Cubes Market Forecast: Breakup by Product Type (USD Million), 2024-2032
7. Saudi Arabia Bouillon and Stock Cubes Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
8. Saudi Arabia Bouillon and Stock Cubes Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
9. Saudi Arabia Bouillon and Stock Cubes Market Structure
Key Questions Answered in the Report
In 2023, the Saudi Arabia bouillon and stock cubes market attained a value of about USD 106.81 million.
The market is projected to grow at a CAGR of 4.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach nearly USD 138.42 million by 2032.
The major market drivers include 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 key trends fuelling the market include the increasing flavouring innovations, such as the product development in ethnic and local flavours with no added preservatives and colourants .
The major product types of bouillon and stock cubes in the market 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 market are Nestle S.A., Unilever plc, Ajinomoto Co. Inc, Riyadh Food Pvt. Ltd., and Al alali, among others.
Analyst Review
The Saudi Arabia bouillon and stock cubes market attained a value of about USD 106.81 million in 2023, 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 2024-2032, growing at a CAGR of 4.4%. The market is projected to reach nearly USD 138.42 million by 2032.
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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