As of 2024, the forecast for the cocoa beans market size volume per capita in Saudi Arabia shows a marginal decline over the coming years. In 2023, the actual volume per capita stood at 0.020 kilograms. The forecasted data indicates a steady decrease from 0.019 kilograms in 2024 and 2025 to 0.017 kilograms by 2028.
Year-on-year variations suggest a stable trend from 2024 to 2025 with no change, followed by a 5.26% decrease from 2025 to 2026. Further, the volume continues to decline by 5.56% from 2026 to 2027 and stabilizes in 2028. The Compound Annual Growth Rate (CAGR) reflects an average annual decrease of approximately 3.03% over the five-year period from 2024 to 2028.
Future trends to watch for include potential changes in consumer preferences, price fluctuations in the global cocoa market, and any influence from health and dietary trends that might impact consumption patterns in Saudi Arabia. Monitoring these factors will be crucial for stakeholders in anticipating market shifts and making informed business decisions.
