Saudi Arabia Beverage Cans Market Size & Outlook
Saudi Arabia beverage cans market, 2018-2030 (US$M)
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Saudi Arabia beverage cans market highlights
- The Saudi Arabia beverage cans market generated a revenue of USD 240.0 million in 2023 and is expected to reach USD 319.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.1% from 2024 to 2030.
- In terms of segment, carbonated soft drinks was the largest revenue generating product in 2023.
- Fruits & Vegetable Juices is the most lucrative product segment registering the fastest growth during the forecast period.
Beverage cans market data book summary
| Market revenue in 2023 | USD 240.0 million |
| Market revenue in 2030 | USD 319.1 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Carbonated soft drinks |
| Fastest growing segment | Fruits & Vegetable Juices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbonated Soft Drinks, Fruits & Vegetable Juices |
| Key market players worldwide | Ball Corp, Crown Holdings Inc, Ardagh Metal Packaging SA Ordinary Shares, Toyo Seikan Group Holdings Ltd, CANPACK, Kian Joo Can Factory |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.6% of the global beverage cans market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa beverage cans market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 522.6 million by 2030.
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Beverage Cans Market Scope
Beverage Cans Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia beverage cans market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to beverage cans market will help companies and investors design strategic landscapes.
Carbonated soft drinks was the largest segment with a revenue share of 69.75% in 2023. Horizon Databook has segmented the Saudi Arabia beverage cans market based on carbonated soft drinks, fruits & vegetable juices covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia has been at the forefront of prohibiting consumption of alcoholic beverages in the Middle East. However, the country is demonstrating a strategic shift in its policies related to alcoholic beverages, due to the growing focus on improving non-oil revenues.
In September 2024, the government of Saudi Arabia announced its intent to open its first liquor store for non-Muslim diplomats in the coming weeks in Riyadh, Saudi Arabia. This latest shift in the country’s societal traditions presents an attractive market potential for many alcoholic brands.
The move is in line with Crown Prince Mohammed bin Salman's vision to increase non-oil revenue by boosting tourism and building entertainment hubs. Such initiatives are expected to drive the demand for alcoholic beverages, thus presenting growth opportunities for the beverage cans market growth.
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Our clientele includes a mix of beverage cans market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia beverage cans market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia beverage cans market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia beverage cans market size, by product, 2018-2030 (US$M)
Saudi Arabia Beverage Cans Market Outlook Share, 2023 & 2030 (US$M)
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