Forecast: Cream Market Size Volume in Saudi Arabia

The cream market in Saudi Arabia has shown notable variations over the past decade, reaching 83 thousand metric tons in 2023. The volume experienced significant growth between 2014 and 2016, peaking at 81 thousand metric tons in 2017 before encountering fluctuations. A notable dip occurred in 2020, followed by a recovery phase leading to 2023. Year-on-year growth from 2021 to 2023 was moderate, ranging from 1.22% to 23.57%. The 5-year compound annual growth rate (CAGR) stood at 3.17% as of 2023.

Looking forward, the forecasted CAGR for the next five years until 2028 is 1.61%, showcasing a steady but slower growth trajectory compared to previous years. Key drivers to watch include shifts in consumer preferences, economic conditions, and potential market disruptions. Monitoring these trends will be crucial for stakeholders in the cream market.