The bakery products market in Saudi Arabia is estimated to grow at a CAGR of 8.2% - Foodex Saudi
Saudi Arabia is estimated to be the 20th largest bakery products market worldwide, with US$5.11 billion worth of retail value sales in 2016. Around this period, the Saudi Arabia bakery product market fell in global ranking, from 18th to 20th.
The leading international bakery company in the world is Mondelez International Inc and in 2017 it led the bakery products sector in Saudi Arabia with retail sales of US$138.3 million.
As such, the bakery products market in Saudi Arabia is estimated to grow at an 8.2% compound annual growth rate (CAGR) with an estimated US$8.7 billion in retail value sales by 2021. The baked good subsector is the largest of the three subsectors within bakery products category and made up 86% of overall value sales.