Analysis of Key Sectors of Nigeria Dairy Industry in Saudi Arabia | Page 11
Saudi Arabia shows the strong potential
Consumption of yogurt well above production
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Health benefits
Traditional diet
Consumption CAGR at 12.25%
Production CAGR at 5.39%
Goal to be Self Sufficient in Dairy
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Highest producer of dairy in region
Produces fresh milk, yogurt, cream, cheese
Growing in the sectors
Government support
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Cream is becoming a necessity
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Part of diet, irreplaceable
Peaks in March-May
Larger growth in consumption than production
Imports increasing
Saudi Arabia has bright prospects
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Providing newest technologies
Subsidies
Fresh Milk Sector Growing
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Stable government
GDP of $1.6 trillion, growing at 5.9%
Low unemployment, 5.6%
High per capita, $53,000
Production CAGR at 10.38%
Consumption CAGR at 11.62%
Demand stronger than supply
Consumption
Imports
Production