PROSPECTS AND OPPORTUNITIES
Revamped sugar tax will lead to growing focus on healthier options
Retail volume sales of other hot drinks are expected to decline significantly throughout the forecast period. This trend is set against the backdrop of a revamped sugar tax structure in Saudi Arabia, specifically aimed at curbing sugar consumption in these beverages.
Increase in tourism should boost foodservice revenues
While retail sales may face challenges, the outlook for foodservice sales of other hot drinks is significantly more promising. As part of its Vision 2030 strategy, Saudi Arabia aims to attract over 100 million visitors annually, with an emphasis on increasing leisure tourism.
Convenience and affordability will influence distribution trends
The distribution of other hot drinks is expected to remain primarily centred around hypermarkets and supermarkets throughout the forecast period, with these channels continuing to expand in line with economic growth. Major new retail developments will prominently feature supermarkets and hypermarkets, as companies aim to provide more accessible locations for shoppers.
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Overview:
Understand the latest market trends and future growth opportunities for the Other Hot Drinks industry in Saudi Arabia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Other Hot Drinks industry in Saudi Arabia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Other Hot Drinks in Saudi Arabia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Other Hot Drinks in Saudi Arabia?
- To what extent are health considerations impacting consumption of Other Hot Drinks in Saudi Arabia?
- What are the traditional preferences in Other Hot Drinks in Saudi Arabia? To what extent are these tastes changing amidst increasing international influence and the growth of chained cafés?
- How are changing demographics (for example, an ageing or predominantly young population) determining consumption of Other Hot Drinks in Saudi Arabia?
- Which are the leading brands in Other Hot Drinks in Saudi Arabia?
- How are products distributed in Other Hot Drinks in Saudi Arabia?
- How is the rise of e-commerce changing the retail and competitive landscape?
- Have home seclusion and social distancing measures following COVID-19 benefited sales of Other Hot Drinks?
- Where is future growth expected to be most dynamic?
Other Hot Drinks in Saudi Arabia - Category analysis
KEY DATA FINDINGS
Unhealthy image of other hot drinks continues to negatively impact sales
Nesquik continues to lead the market
Modern trade continues to lead distribution channels
Revamped sugar tax will lead to growing focus on healthier options
Increase in tourism should boost foodservice revenues
Convenience and affordability will influence distribution trends
Hot Drinks in Saudi Arabia - Industry Overview
Hot drinks in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
Foodservice vs retail split
What next for hot drinks?
DISCLAIMER
The following categories and subcategories are included:
Other Hot Drinks
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- Chocolate-based Flavoured Powder Drinks
- Malt-based Hot Drinks
- Non-Chocolate-based Flavoured Powder Drinks
- Other Plant-based Hot Drinks
Other Hot Drinks
This is the aggregation of Flavoured Powder Drinks and Other Plant-based Powder Drinks. Products can be served hot or cold, and can be mixed with water, milk, or other liquids. Bottled, ready-to-drink flavoured milk drinks are NOT included here and are included in Passport Packaged Food.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Other Hot Drinks research and analysis database.
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