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Significant Driver: Rapidly Rising Working Women Population
The number of women joining the workforce in the country has introduced many new reforms that the government implemented since 2019, and these include pension equality by equalizing the retirement ages for men & women and mandating pension care credits for maternity leaves. According to the World Bank, these reforms are already benefiting 6 million Saudi women aged above 21. It further states that in 2020 alone, almost 7,782 women entered the construction sector, where women’s employment was previously prohibited by law & around 6,662 took on new roles in manufacturing. As working women do not spend much time at home, they are highly dependent on baby food products to provide their children with proper nutrition. Hence, the rapidly rising working women population is the key aspect expected to drive the Saudi Arabia Baby Food Market during 2023-28.
Possible Restraint: Various Government Efforts Towards Encouraging Breastfeeding to Hamper the Market
Traditions & cultural aspects have a deep influence over the governance & society in the country. Along with this, as per its cultural beliefs, breastfeeding is believed to be the optimal method of infant feeding. Owing to this, the government & various non-governmental organizations are actively promoting breastfeeding in the country. Therefore, despite a largely positive outlook for baby food, its demand may decline in the forecast period owing to government restrictions on discounts in the milk formula category to achieve greater control over its sales.
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Our Research Report on Saudi Arabia Baby Food Market Broadly comprises the following elements:
Saudi Arabia Baby Food Market Outlook: This section provides an overview of the Saudi Arabia Baby Food market, equipping stakeholders with a comprehensive understanding of the industry. It encompasses growth factors, constraints, and relevant statistics from reputable organizations to provide a concise market outlook. Additionally, the section projects the market's growth rate through accurately calculated CAGR 6.1% (Compound Annual Growth Rate).
Saudi Arabia Baby Food Market Dynamics: This segment encompasses the market's drivers, challenges, opportunities, and key trends. By examining the historical scenario, stakeholders may meticulously analyse the current market and make informed decisions for the future, thereby gaining a competitive edge in the market.
Saudi Arabia Baby Food Market Division: We present at least two prominent segments from the report's table of contents, along with elaboration on their sub-segments. We explain why these segments are worth considering and investing in, as they have the potential to fuel rapid growth.
The market has notable divisions, with further breakdowns as
Based on, By Category
-Standard Milk Formula
-Follow-on Milk Formula
-Growing-Up Milk Formula
-Special Baby Milk Formula
-Prepared Baby Food
-Dried Baby Food
-Other Baby Food
Based on, By Age Group
Based on, By Category
Based on, By Distribution Channel
Based on, By Top Cities
-Mecca & Madinah
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Competitive Scenario: This section covers recent news, launches, mergers, acquisitions, and ventures by key players listed in our table of contents. We strive to cover and analyze the latest advancements made by influential companies, including
-Nestlé Saudi Arabia LLC
-Al Kamal Import Office Co Ltd
-Laboratories Ordesa SL
-Almarai Co Ltd
-United Pharmaceuticals SA
-Bel Middle East FZ LLC
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