Saudi Arabia Processed Food market is
expected to grow at a steady CAGR during the forecast period. The rise in the
disposable income among middle-class families is increasing the expenditure
capacity of consumers to buy processed food is responsible for the processed
food market growth. An increase in the population is fueling the demand for
processed food as with the rising population the demand for processed food is
increasing including the consumption of junk food. Processed food offers
several advantages over traditional food such as facilitates an easy cooking
process and can be used by consumers for immediate consumption. Processed food
can be preserved efficiently and can be easily stored which in turn is
influencing the demand for the processed food market in Saudi Arabia. An
increase in awareness among the consumers regarding the benefits of clean and
hygienic food is encouraging food processing companies to improve the quality
of food for further process. The rapid change in the lifestyle of consumers and
high adoption of a sedentary lifestyle is leaving less time for the cooking
process which in turn is accelerating the processed food market growth. The growing pace of urbanization of people in
search of better job opportunities and quality living standards coupled with
the construction of smart cities facilitating all basic amenities as well as
perform advanced functions in Saudi Arabia is aiding to increase the consumer
awareness and financial capability to buy processed food. Major market players
of the processed food market are adopting attractive marketing strategies to
increase the reach of their processed food brands and hiring celebrities to
fuel the processed food market growth.
Saudi Arabia Processed Food market is
segmented into product, distribution channel, regional distribution, and
company. Based on product, the market can be divided into processed meat and
seafood, breakfast cereals, processed fruit & veggies, ready meals, snacks
& beverages, and others. The processed meat & seafood segment is
expected to account for a major market share in the forecast period, 2022-2026.
The rise in the number of non-vegetarians and the increasing disposable income
are the major driving factors for this segment.
The major players operating in the Saudi
Arabia Processed Food market are SAVOLA Group, Wafrah
for Industry & Development, Food & Fine Pastries Al Sunbulah
Manufacturing Co, Al Babtain Biscuit Manufacturing & Foodstuff CO. LTD., NADA
Dairy, Mars Inc., Middle East for Food Solutions Co, Del Monte Arabia, Al Safi
Danone Ltd, Danya Food Limited Saudi Arabia, among others. Major companies
are developing advanced technologies and launching new services to stay
competitive in the market. Other competitive strategies include mergers &
acquisitions and new service developments.
Years
considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
- To analyze the historical growth of the market size of Saudi
Arabia Processed Food market from 2016 to 2019.
- To estimate and forecast the market size of Saudi Arabia Processed
Food market from 2020 to 2026 and growth rate until 2026.
- To classify and forecast Saudi Arabia Processed Food market based on
product, distribution channel, regional distribution, and company.
- To identify dominant region or segment in the Saudi Arabia Processed
Food market.
- To identify drivers and challenges for Saudi Arabia Processed Food
market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in Saudi Arabia Processed Food
market.
- To identify and analyze the profile of leading players operating in
Saudi Arabia Processed Food market.
- To identify key sustainable strategies adopted by market players in
Saudi Arabia Processed Food market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers across the globe. Subsequently, TechSci Research conducted
primary research surveys with the identified companies. While interviewing, the
respondents were also enquired about their competitors. Through this technique,
TechSci Research could include the manufacturers which could not be identified
due to the limitations of secondary research. TechSci Research analyzed the manufacturers,
distribution channels and presence of all major players across the globe.
TechSci
Research calculated the market size of Saudi Arabia Processed Food market using a bottom-up approach, wherein data for various end-user segments
was recorded and forecast for the future years. TechSci Research sourced these
values from the industry experts and company representatives and externally
validated through analyzing historical data of these product types and
applications for getting an appropriate, overall market size. Various secondary
sources such as company websites, news articles, press releases, company annual
reports, investor presentations and financial reports were also studied by
TechSci Research.
Key Target Audience:
- Processed Food manufacturing companies
- Market research and consulting firms
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums, and alliances related
to Processed Food market
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers and partners, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
Report Scope:
In this report, Saudi Arabia Processed
Food market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
·
Saudi Arabia Processed Food Market, By Product:
- Processed
Meat and Seafood
- Breakfast
Cereals
- Processed
Fruit & Veggies
- Ready
Meals
- Snacks
& Beverages
- Others
- Saudi Arabia Processed Food Market, By Distribution
Channel:
- Traditional
Trade
- Institutional
Sales
- Supermarkets/Hypermarkets
- Online
- Others
- Saudi Arabia Processed Food Market,
By Region:
o Western Region
o Northern & Central Region
o Eastern Region
o Southern Region
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in Saudi Arabia Processed Food market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
Saudi Arabia Processed Food
market is an upcoming report to be released soon. If you wish an early delivery
of this report or want to confirm the date of release, please contact us at [email protected]