MarkNtel Advisors recently published a detailed industry analysis of the Saudi Arabia Ready-to-Cook Food Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Saudi Arabia Ready-to-Cook Food Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The Saudi Arabia Ready-to-Cook Food Market is projected to grow at a CAGR of around 5.83% during the forecast period, i.e., 2023-28,
What are the major Driver the Saudi Arabia Ready-to-Cook Food industry?
Inclination of Millennial Customers Towards Ready-to-Cook Food Products – In Saudi Arabia, millennial customers have been increasingly adopting Ready-to-Cook food products such as pasta, noodles, frozen fries, frozen meatballs, etc., as working-class individuals in the country have been looking for readily available pre-cooked food items due to their busy lifestyles. The working class is the largest consumer of these meals due to their busy lifestyle, hence, the rise in the number of working professionals would elevate the consumption of Ready-to-Cook meals.
Along with this, the demand for Ready-to-Cook food products has been propagated during the outbreak of the COVID-19 pandemic, as the government of Saudi Arabia restricted outdoor movements. This inclined millennial customers to consume these food items, such as frozen food items, ready-to-mix, and others, during their work-from-home period.
Nonetheless, even after COVID-19, the trend of consuming these food items has consistently grown, as consumers in Saudi Arabia have gradually shifted towards these food products due to their numerous benefits. As a result, it is expected that the growing adoption of Ready-to-Cook food products by millennial customers will positively influence the growth of these food items in the upcoming years.
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What segments define the Saudi Arabia Ready-to-Cook Food Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Product Type
- Frozen
- Meat & Poultry
- Vegetables
- Others (Fries, Sweet Corn, Paratha, etc.)
- Ambient
- Soups & Sauces
- Noodles & Pasta
- Ready-to-Mix
- Others (Snacks, etc.)
According to report, As the country has always been known for its large-scale consumption of meat products, Frozen ready to eat food products constituted a significant share of the overall Saudi Arabia Ready-to-Cook Food market over the previous period.
By Food Preferences
- Vegetarian
- Non Vegetarian
By Sales Channel
- Online
- Offline
- Conventional Retail Outlets
- Hypermarket & Supermarket
- Other Retail Channels
According to report, In recent years, e-commerce platforms in Saudi Arabia, such as Carrefour, Lulu Hypermarket, and others, have seen a significant spike in demand for these food products.
By End Users
- Individual Users
- Hotels & Restaurants
- Others (Military, etc.)
According to report, B2C end-user dominates the market as the Ready-to-Cook nature of the food provides more convenience to individuals who have an active lifestyle.
Explore the Complete Saudi Arabia Ready-to-Cook Food Market Analysis Report –
https://www.marknteladvisors.com/research-library/saudi-arabia-ready-to-cook-food-market.html
Saudi Arabia Ready-to-Cook Food Market Share & Competitive Landscape:
The Saudi Arabia Ready-to-Cook Food Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Saudi Arabia Ready-to-Cook Food Market are:
- Nestlé
- General Mills
- Almunajem Food
- Savola Foods
- Knorr Arabia
- Mamee Double-Decker
- Sunbulah Group
- Al Kabeer Group ME
- Gulfwest Company Ltd.
- Halwani Bros.
- Almarai Company
- Others (Herfy for Food Services Company JSC, etc.)
The Saudi Arabia Ready-to-Cook Food Industry Recent Development:
- 2023: Wipro Consumer Care and Lighting entered into a partnership with the Nirapara, to expand its Ready-to-Cook food segment in the GCC countries, which also includes the Kingdom of Saudi Arabia. This food segments includes a wide range of spices & South Indian cuisine like Idli, Dosa, Puttu, etc. The move was taken considering a large number of South Indian expatriate residing in Saudi Arabia and their preference to consume the authentic South Indian Food.
Questions Addressed in this Study
1.What factors are driving the Saudi Arabia Ready-to-Cook Food Market growth?
2.How is the Saudi Arabia Ready-to-Cook Food Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Saudi Arabia Ready-to-Cook Food Market?
4.What is the current size of the Saudi Arabia Ready-to-Cook Food Market, and how is it projected to change in the future?
6.What is the future outlook for the Saudi Arabia Ready-to-Cook Food Market in terms of technological advancements and market expansion?
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