Saudi Arabia Soft Drinks Market: Growth and Trend with Forecasts
Posted by Masud Khan on February 3rd, 2020
Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Soft Drinks in Saudi Arabia” under Soft Drink category. The Soft Drink Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Soft Drinks Market in Saudi Arabia report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2014-2018), allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market – be they legislative, distribution, packaging or pricing issues. Forecasts to 2023 illustrate how the market is set to change.
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Apart from the 5% VAT rate which was brought into effect in early 2018, consumption of carbonates and juices will be further affected by the sugar tax, due to be implemented from December 2019. As a result of this tax, prices of all beverages containing sugar will increase markedly. This, among many other factors, highlights the government’s drive to convince consumers to switch to other sugar free and thus healthier beverages. Apart from these factors, consumer lifestyles are becoming increasin…
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About the AuthorMasud Khan
Joined: October 15th, 2019
Articles Posted: 190
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