Saudi Arabia Frozen Food Market to Register a CAGR of 3.12% during the Forecast Period
Increasing varieties of
frozen categories and rising dependence upon frozen products among the
country's people are expected to drive the growth of Saudi Arabia's Frozen Food
Market during the forecast period.
According to TechSci Research report, “Saudi Arabia Frozen Food Market - Industry
Size, Share, Trends, Competition, Opportunities and Forecast, 2017-2027F” The Saudi Arabia Frozen Food Market is
expected to project impressive growth during the forecast period, 2022F–2027F,
registering a progressive CAGR of 3.12% owing
to the increasing working population among the women of Saudi Arabia,
affordable pricing for food, and the availability of diversified ethnic
cuisines in the form of packaged meal food items, and the convenience of
preparation and cooking time are the certain crucial factors influencing the
growth of this market during the forecast period.
Food products that have undergone freezing
are referred to as frozen food and are kept frozen and preserved until used.
The food is kept fresh by freezing, which slows down decomposition by freezing
excess moisture and preventing the growth of microorganisms. Moreover,
increasing awareness regarding the benefits associated with the consumption of
frozen food such as frozen food typically retains its vitamins and minerals
unchanged in terms of their carbohydrate, protein, or fat content. In some
cases, frozen foods contain more vitamins and minerals than fresh foods because
freezing preserves nutrients, while fresh foods lose vitamins and minerals over
time. Such factors are driving the frozen food market in Saudi Arabia.
The availability of new apps and online
shopping has made it simple for customers to order the required products.
Consumers have a wide range of options if they want to stay away from retail
stores. Everything is centrally controlled through a smartphone app or
e-commerce website, with doorstep delivery available.
Browse over 19
market data Figures spread through 70 Pages and an
in-depth TOC on "Saudi Arabia Frozen Food Market"
The Saudi Arabia Frozen Food Market is
segmented on the basis of category, type, distribution channel, regional
distribution, and competitive landscape. Based on category, the market
is categorized into ready-to-cook, ready-to-eat, others (raw meat, raw vegetables,
raw fruit, etc.). Based on type, the market is further fragmented into frozen
poultry, red meat & seafood, frozen snacks, frozen fruits & vegetables,
frozen meals, and others (includes frozen dairy & dessert). Within the
category of by type, the segment of frozen poultry, red meat & seafood,
which is well-known for offering raw category of poultry, red meat &
seafood in the frozen form to its customers, is expected to register the most
significant revenue share in the market and dominate the market segment in the
upcoming five years, as it is safe for consumption, crucial to defrost and thaw
them properly. Frozen meat and poultry's high nutritional value and long shelf
life are two of the leading market drivers in this segment. People's busy
lifestyles and constantly shifting schedules are expected to aid in the
market's future expansion.
Based on distribution channel, the
market is segmented into supermarkets/hypermarkets, departmental stores, baqala
stores, online, others (specialty stores, direct sales, institutional sales,
etc.). The supermarkets/hypermarkets are the major contributors to the growth
of the frozen food market in Saudi Arabia, because of strong emphasis on using
ingredients and food that are sourced locally, and conveniently available to
the customers. Moreover. a significant share of independent companies are
majorly influenced to generate local dealership in order to capture a
significant market share within the frozen market. However, online grocery
shopping and the release of fresh, cutting-edge applications make it simple for
customers to choose their preferred products. These reasons account for today's
consumers' strong preference for online shopping.
Key market players in the Saudi Arabia
Frozen Food Market include:
- Almunajem Foods Company
Saudi Joint Stock (Doux, Dari, Montana, Asmak)
- National Food Company (Americana Meat And
Bakery Cluster) (Americana)
- Savola Group (Al Kabeer)
- Food And Fine Pastries Al Sunbulah
Manufacturing Company (Sunbulah)
- Herfy Food Services Company
JSC (Herfy)
- Siwar Foods (My Family Meal
Company For Ready Meals)
- Al Karamah Dough Production
Co. Ltd.
- Al Watania Feed Mill Plant
- Al Berri United Food Company
Limited
- Gulf West Import Company
Limited
Companies operating in the
country's food market are investing in technologies and storage bases for their
products that allow for the longer-term storage of dough that has been
refrigerated or retarded, frozen vegetables and meat, and partially cooked and
thoroughly cooked food. The market for frozen foods is also being driven by
elements such as changes in the retail environment and technological
developments in the cold chain. For instance, the new "Al Joody" factory
of BRF Sadia, the biggest exporter of poultry in the world and a significant
producer of frozen goods with added value, has opened in Dammam, Saudi Arabia.
With investments totaling about USD18 million, the unit was purchased from
Hungry Bunny Ltd. in January 2021, increasing its monthly production capacity
to 1,200 tonnes.
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A significant portion of Saudi Arabia's
population with the highest GDP resides in the Northern & Central region of
Saudi Arabia. Moreover, the rising tourism and growth of the restaurant
industry within Mecca and Medina are expected to contribute significantly to
the market's revenue share. However, the increasing preference for frozen food
among the residential sector within the Riyadh of Saudi Arabia is witnessing a
significant boost to modern grocery retail stores to support the storage of
frozen snacks and meals. The limited availability of fresh foods and cheaper
alternatives with an effective shelf-life is the factor that plays a
significant role in the growth of the frozen food market in Saudi Arabia.
"With the rising preference for
frozen products among the younger generation of the country influenced by new
types of cuisines and food products, and with the continuous innovation and
experimentation with multiple product offerings are the certain prominent
factors for the market growth. Furthermore, the market is influenced by the
growing competition among international manufacturers offering frozen food
products in Saudi Arabia. These are the specific factors that may affect the
growth of Saudi Arabia's Frozen Food Market in the upcoming five years.,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Saudi Arabia Frozen Food
Market By Category (Ready-to-Cook, Ready-to-Eat, Others (Raw Meat, Raw
Vegetables, Raw Fruit, etc.)), By Type (Frozen Poultry, Red Meat & Seafood,
Frozen Snacks, Frozen Fruits & Vegetables, Frozen Meals, Others (includes
Frozen Dairy & Dessert)), By Distribution Channel
(Supermarkets/Hypermarkets, Departmental Stores, Baqala Stores, Online, Others
(Specialty Stores, Direct Sales, Institutional Sales, etc.), By Region,
Competition, Forecast & Opportunities, 2017-2027F”, has evaluated the future growth
potential of Saudi Arabia Frozen Food market and provides statistics &
information on market size, 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 Saudi Arabia Frozen Food Market.
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