Saudi Arabia presents the report on “Consumer and Market Insights: Seasonings, Dressings & Sauces Market in Saudi Arabia” (http://www.marketreportsonsaudiarabia.com/food-beverages-market-research-reports-3048/consumer-market-insights-seasonings-dressings-sauces-saudi-arabia.html) The Saudi Arabian economy opening up to foreign investment is likely to support the growth of consumer goods in the country.
23 Nov, 2015, Navi Mumbai, India: Marketreportsonsaudiarabia.com presents a new report on “Consumer and Market Insights: Seasonings, Dressings & Sauces Market in Saudi Arabia” The Herbs, Spices and Seasonings category is the market leader in value terms and the Dressings category has the highest volume share.
Consumer and Market Insights: Seasonings, Dressings & Sauces Market in Saudi Arabia The Saudi Arabian economy opening up to foreign investment is likely to support the growth of consumer goods in the country. The Saudi Arabian Seasonings, Dressings & Sauces market will register higher growth in value and volume terms during 2014-2019 compared to 2009-2014. The Herbs, Spices and Seasonings category is the market leader in value terms and the Dressings category has the highest volume share.
Key Findings
• The Saudi Arabian Seasonings, Dressings & Sauces market grew at a CAGR of 4.4% during 2009-2014 and is forecast to register higher growth at a CAGR of 4.9% during 2014-2019.
• The food price inflation was reported at 2.6% and has resulted in a trading down scenario, where consumers gave higher preference for value products.
• The Herbs, Spices and Seasonings category is the leading value category accounting for 30.8% of the Seasonings, Dressings & Sauces market in 2014. However, the Wet Cooking Sauces category is forecast to register fastest growth during 2014-2019
• The Chutneys & Relishes, Dressings, Bouillons and Stocks categories are forecast to lose market share between 2014 and 2019.