Saudi Arabia Processed Food Market to Witness Steady Growth till 2026
Increase in the working population and the
impact of social media platforms is expected to drive the demand for Saudi
Arabia Processed Food market in the forecast period.
According to TechSci Research report, “Saudi
Arabia Processed Food Market By Product (Processed Meat and Seafood,
Breakfast Cereals, Processed Fruit & Veggies, Ready Meals, Snacks &
Beverages, Others) By Distribution Channel (Traditional Trade, Institutional
Sales, Supermarkets/Hypermarkets, Online, Others), Company Forecast &
Opportunities, 2026”, The Saudi Arabia Processed Food market is expected to
witness steady growth in the next five years. Processed food can be defined as
raw plant-based or animal-based products which are subjected to transformation
into processed food by cleaning, washing, chopping, cutting, cooking, freezing,
drying, packaging, mixing, or any other process which changes the natural state
of raw materials. The rise in awareness among the consumers about the adverse
effects of preservatives and other chemicals and increasing focus on the
adoption of a healthy lifestyle is influencing the growth of the processed food
market. Consumers are preferring food products and beverages which are having
low cholesterol and fat, fewer preservatives, and has high nutritional value.
Market players are launching products that are suitable for health-conscious
people and it is fostering the demand for Saudi Arabia in the next five years.
The rise in demand for organic food and lactose, and gluten-free food is
contributing significantly to the processed food market growth. The surge in
the demand for online channels is boosting the growth of the processed food
market as it offers a wide range of choices over a single platform. With the
use of advanced technology such as blockchain, artificial intelligence, big
data analytics the developers can create an interactive platform for consumers
and provide hassle-free payment gateways for online transactions. Market
players also offer lucrative discounts to attract consumers to purchase from
their online site and application. The growing online processed food market is
expected to contribute to the market growth in the next five years.
The COVID-19 outbreak across the world which has
been declared as a pandemic by World Health Organization has affected countries
adversely. Leading authorities of Saudi Arabia imposed lockdown restrictions
and released a set of precautionary measures to contain the spread of novel
coronavirus. Coronavirus-affected patients started suffering from shortness of
breath along with coughing and sneezing. Manufacturing units were temporarily
shut down, and the shortage of workforce was observed as the majority of
workers moved back to their native places. The disruption in the supply chain
and the restriction over the import and export activities are affecting the
processed food market adversely.
However, the rise in health awareness and the
risk of food contamination may hamper the Processed Food market growth in the
forecast period.
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Saudi Arabia Processed Food market is segmented into product,
distribution channel, regional distribution, and company. Based on distribution
channel, the market can be divided into traditional trade, institutional sales,
supermarkets/hypermarkets, online, and others. The traditional trade segment is
expected to witness significant a share in the forecast period, 2022-2026.
Growing affordability of the consumers and easy access to the traditional
stores are the driving factor for the growth of this segment. The rise in
availability of diverse products and the increased customer satisfaction is
fueling the growth of the segment.
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 are the leading players operating in Saudi Arabia Processed Food
market. Manufacturers are increasingly focusing on research and development
process to fuel higher growth in the market. To meet evolving customer demand
with respect to better efficiency and durability, several Processed Food
manufacturers are coming up with their technologically advanced offerings.
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“Market
players are investing huge amounts to invent innovative packaging materials for
providing maximum protection to the food items and prevent the food from
getting contaminated by temperature, microorganisms, humidity, or other harmful
substances. The growing demand for good packaging material that ensures the
freshness of food items and could withstand the effect of external factors are
expected to contribute to the processed food market growth. Also, the formation
of an efficient supply chain to ensure smooth transportation of raw materials
and end products is expected to propel the processed food market growth till
2026” said Mr. Karan Chechi, Research Director with TechSci Research, a global research-based
management consulting firm.
“Saudi Arabia
Processed Food Market By Product (Processed Meat and Seafood, Breakfast
Cereals, Processed Fruit & Veggies, Ready Meals, Snacks & Beverages,
Others) By Distribution Channel (Traditional Trade, Institutional Sales,
Supermarkets/Hypermarkets, Online, Others), Company Forecast & Opportunities,
2026” has evaluated the future growth potential of Saudi
Arabia Processed Food market and provided statistics & information on
market size, shares, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in the
of Saudi Arabia Processed Food market.
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