Consumer Goods and Retail Report Blog

Saudi Arabia Health Ingredient Market is projected to grow at a strong CAGR during 2019-2024 owing to growing demand for innovative food & beverages ingredients, increasing per capita income, increasing consumer awareness about the benefits of healthy dietary habits, changing lifestyles and growing preference for foods with health and wellness advantages. Based on application, the market has been categorised into Food & Beverages, Personal Care, Animal Feed and Others. Health ingredients market have been gaining importance from pharmaceutical applications segment due to growing demand for functional supplements. According to the governments’ health data in Saudi Arabia, the percentage change in the chronic kidney diseases from 2005-2016 comes around more than 22% and that of liver cancer recorded more than 35% due to which the government of the country is taking several steps and taking initiatives for securing life of the people. The Ministry of Health (MOH) in Saudi Arabia is

  Rising number of residential and commercial buildings, extreme temperatures and introduction of energy efficient air conditioners to drive Saudi Arabia air conditioners market through 2023 According to TechSci Research report, “ Saudi Arabia Air Conditioners Market   By Product Type, By End Use Sector, Competition Forecast & Opportunities, 2013 –  2023 ”, Saudi Arabia  air conditioner   market is projected to surpass $ 1.77 billion by 2023. Growth in the market is anticipated in the coming years, on account of robust distribution network,  booming hospitality & tourism sector and rising number of  technological advancements in air conditioners. Moreover, Saudi Arabia Vision 2030, which is aimed at bringing huge investments, massive privatization of state assets and  transforming the country’s economy into a diversified economy by investing and promoting non-oil based sectors,  is further anticipated to positively influence air conditioner market in Saudi Arabia during the for

  Saudi Arabia Wheat Protein Market is projected to grow at a robust CAGR during 2019-2024 owing to growing vegan population to avoid obesity, growing health awareness among consumers and rising manufacturers focus on increasing promotion of organic and vegan food items. Moreover, adoption of plant-based food products to reduce the risk of diabetes & obesity will fuel wheat protein market in Saudi Arabia growth during the forecast period. Changing lifestyle coupled with the adoption of packaged food, including instant noodles & pasta is driving market penetration. Based on form, the market has been categorised into dry and liquid form. In 2018, the dry segment dominated the market since it is the most popular forms of wheat protein preferred by manufacturers and its ease in handling & better storage conditions and the segment is projected to dominate the market over the next five years as well. Based on application, the market has been segmented into Bakery & Snacks, Pe