Saudi Arabia Canned Food Market
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Saudi Arabia Canned Food Market, By Product (Canned Meat Products, Canned Fish/Seafood, Canned Vegetables, Canned Fruits); By Type (Organic, Conventional); By Distribution Channel (Supermarkets /Hypermarkets, Convenience Stores, E-commerce/Online Retail Channels); By End User (Hotels, Restaurants & Catering Companies, Fast Food Outlets, Retail Consumers), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
- Published Date: July 2024
- Report ID: BWC24551
- Available Format: PDF
- Page: 200
Report Overview
An increasingly high demand for canned food from the thriving religious tourism in the Kingdom, urbanization, high disposable income, and people’ busy lifestyle are expected to drive Saudi Arabia Canned Food Market during the forecast period between 2024 and 2030.
Saudi Arabia Canned Food Market – Industry Trends & Forecast Report, 2030
Saudi Arabia Canned Food Market size was estimated at USD 1.73 billion in 2023. During the forecast period between 2024 and 2030, Saudi Arabia Canned Food Market size is projected to grow at a CAGR of 4.7% reaching a value of USD 2.28 billion by 2030. Prominent drivers of the market include the growing urban population, rising female participation in the labor force, and a greater share of income being spent on food. Also, the growth in religious tourism during Hajj and Umrah, along with continuous product and packaging innovation, significantly contribute to the market's expansion. The market has reached maturity, with a few key competitors dominating the scene. The Kingdom's tourism industry, expected to grow substantially, will significantly boost the canned food sector. Saudi Arabia food processing industry is experiencing remarkable growth, with notable investments anticipated in the coming years. Ministry officials forecast continued robustness in the food sector, further driving the demand for canned food, particularly in beverages, dairy, and ready-to-eat products.
Canned Food – Overview
Canned food refers to food products that are processed, sealed in airtight containers, and subjected to heat to destroy bacteria and other microorganisms. This method preserves the food for extended periods without the need for refrigeration, maintaining its nutritional value, flavor, and texture. Common types of canned foods include fruits, vegetables, meats, soups, and ready-to-eat meals. The convenience, long shelf life, and ease of transportation make canned food a popular choice among consumers.
Saudi Arabia Canned Food Market
Growth Drivers
Growing Urbanization and Busy Lifestyles
Rapid urbanization and fast-paced lifestyles are major drivers of Saudi Arabia Canned Food Market. The growing work culture and hectic schedules have led many consumers to adopt ready-to-eat canned foods to save time and effort. This trend is particularly prominent among the millennial population, who favor convenience over traditional cooking methods. Canned foods eliminate the need for time-consuming tasks, such as chopping, peeling, and cooking, making them a practical choice for busy individuals.
Growth in Religious Tourism
The growth in religious tourism, particularly during Hajj and Umrah, has also contributed to the expansion of the canned food market. The convenience and portability of canned foods make them ideal for travelers. The increasing trend of incorporating canned foods in the menus of hotels, restaurants, and cafeterias (HoReCa) further boosts market growth. The HoReCa industry, driven by the need for quick and efficient customer service, is increasingly relying on canned foods to meet the demands of health-conscious consumers who seek quality and nutritious meals.
Challenges
Price Sensitivity
Price sensitivity among consumers poses a challenge to the growth of Saudi Arabia Canned Food Market. High prices of canned foods, compared to fresh alternatives, can deter cost-conscious buyers. Price sensitivity is particularly significant in regions where consumers prioritize affordability, thus restraining market expansion despite the convenience and longer shelf life offered by canned products.
Impact of Escalating Geopolitical Tensions on Saudi Arabia Canned Food Market
Escalating geopolitical tensions among countries across regions could have a significant impact on the growth of Saudi Arabia Canned Food Market. Trade restrictions, sanctions, and diplomatic conflicts can disrupt supply chains, leading to shortages of raw materials and increased production costs. These tensions may also hinder international trade agreements, affecting import and export activities. Additionally, political instability in key trading partners can result in fluctuating prices and reduced market confidence. The uncertainty caused by geopolitical issues can lead to cautious consumer spending and investments, thereby restraining market growth. Consequently, maintaining stable political relations is crucial for the sustained development of the Saudi Arabia canned food industry.
Saudi Arabia Canned Food Market
Segmental Coverage
Saudi Arabia Canned Food Market – By Product
By product, Saudi Arabia Canned Food Market is divided into Canned Meat Products, Canned Fish/Seafood, Canned Vegetables, and Canned Fruits segments. The canned fish/seafood segment holds the highest share in Saudi Arabia Canned Food Market by product. Seafood, sourced from various aquatic creatures such as fish, crabs, and clams, is renowned for its high nutritional value and abundant protein content. Restaurants and food chains increasingly incorporate canned seafood to impart authentic flavors to their dishes, catering to consumer preferences, especially among younger demographics interested in exotic fish varieties. Canned seafood finds extensive use in diverse culinary preparations like sushi, fish salads, and sandwiches, appreciated for its distinctive and savory taste profile. To meet growing demand, manufacturers are expanding production capacities for canned seafood.
Saudi Arabia Canned Food Market – By Type
Based on type, Saudi Arabia Canned Food Market is split into Organic and Conventional segments.
Saudi Arabia Canned Food Market – By Distribution Channel
By distribution channel, Saudi Arabia Canned Food Market is divided into Supermarkets/Hypermarkets, Convenience Stores, and E-commerce/Online Retail Channels segments. The supermarkets/hypermarkets segment holds the highest share in Saudi Arabia Canned Food Market by distribution channels. The dominance is bolstered by a strategic focus on tourism, leading to an increase in hotels, restaurants, and retail outlets like bakalas. Canned foods are highly sought after by both institutional and retail consumers due to their convenience in preparation and storage compared to fresh alternatives. As Saudi Arabia diversifies its economy away from oil dependence, initiatives in tourism, including hotel construction and government campaigns promoting tourism, have significantly boosted canned food sales. The proliferation of modern retail formats, such as hypermarkets and supermarkets, across urban areas has expanded shelf space for canned goods, offering consumers a wider range of options. Manufacturers are leveraging various marketing channels to strengthen their presence and capitalize on this growing market segment. Meanwhile, the e-commerce or online retail channels segment is expected to record the fastest growth rate during the forecast period. The cost-effectiveness of online channels, offering convenience, a wide range of products, and flexible payment options, reduces overall shopping time. The increasing technological adoption, improved living standards, and a growing urban population in Saudi Arabia are expected to boost the use of online channels for purchasing necessities, including canned foods.
Saudi Arabia Canned Food Market – By End User
By end user, Saudi Arabia Canned Food Market is divided into Hotels, Restaurants and Catering Companies, Fast Food Outlets, and Retail Consumers segments.
Competitive Landscape
Major players operating in Saudi Arabia Canned Food Market include Almarai Company, Savola Group, Nadec Foods, Al Wataniah Food Industries Company, Al-Wedyan National Company for Food Products Ltd, Saudia Dairy and Foodstuff Company, Nestle, Del Monte Saudi Arabia Ltd, Kraft Heinz, and Bolton Group. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2030 |
Base Year – 2023 |
|
Estimated Year – 2024 |
|
Forecast Period – 2024–2030 |
|
Facts Covered |
USD Billion |
Market Coverage |
Saudi Arabia |
Product/ Service Segmentation |
Product, Type, Distribution Channels, End User |
Key Players |
Almarai Company, Savola Group, Nadec Foods, Al Wataniah Food Industries Company, Al-Wedyan National Company for Food Products Ltd, Saudia Dairy and Foodstuff Company, Nestle, Del Monte Saudi Arabia Ltd, Kraft Heinz, Bolton Group |
By Product
-
Canned Meat Products
-
Canned Fish/Seafood
-
Canned Vegetables
-
Canned Fruits
By Type
-
Organic
-
Conventional
By Distribution Channels
-
Supermarkets/Hypermarkets
-
Convenience Stores
-
E-commerce/Online Retail Channels
By End User
-
Hotels
-
Restaurants & Catering Companies
-
Fast Food Outlets
-
Retail Consumers
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Saudi Arabia Canned Food Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Growing Urbanization and Busy Lifestyles
- Increased Disposable Income
- Growth in Religious Tourism
- Restraints
- Health Concerns
- Price Sensitivity
- Limited Cold Chain Infrastructure
- Opportunities
- E-commerce and Online Delivery
- Ethnic and International Canned Food Options
- Product and Packaging Innovation
- Challenges
- Competition from Regional and International Players
- Fluctuations in Food Import Regulations
- Food Safety Concerns
- Growth Drivers
- Technological Advancements/Recent Developments
- Consumer Insights
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Saudi Arabia Canned Food Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Product
- Canned Meat Products
- Canned Fish/Seafood
- Canned Vegetables
- Canned Fruits
- Others
- By Type
- Organic
- Conventional
- By Distribution Channels
- Supermarket or Hypermarket
- Convenience Stores
- E-commerce or Online Retail Channels
- Others
- By End User
- Hotels
- Restaurants and Catering Companies
- Fast Food Outlets
- Retail Consumers
- By Product
- Market Size & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Offerings
- Saudi Arabia Canned Food Company Market Share Analysis, 2023
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Escalating Geopolitical Tensions on Saudi Arabia Canned Food Market
- Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- Almarai Company
- Savola Group
- Nadec Foods
- Al Wataniah Food Industries Company
- Al-Wedyan National Company for Food Products Ltd
- Saudia Dairy and Foodstuff Company
- Nestle
- Del Monte Saudi Arabia Ltd
- Kraft Heinz
- Bolton Group
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 Saudi Arabia Canned Food Segmentation
Figure 2 Saudi Arabia Canned Food Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 Saudi Arabia Canned Food Market Size, By Value (USD Billion), 2019–2030
Figure 5 Saudi Arabia Canned Food Market Share, By Product, By Value, 2019–2030
Figure 6 Saudi Arabia Canned Food Market Share, By Type, By Value, 2019–2030
Figure 7 Saudi Arabia Canned Food Market Share, By Distribution Channels, By Value, 2019–2030
Figure 8 Saudi Arabia Canned Food Market Share, By End User, By Value, 2019–2030
List of Tables
Table 1 Saudi Arabia Canned Food Market Size, By Value (USD Billion), 2019–2030
Table 2 Saudi Arabia Canned Food Market Share, By Product, By Value, 2019–2030
Table 3 Saudi Arabia Canned Food Market Share, By Type, By Value, 2019–2030
Table 4 Saudi Arabia Canned Food Market Share, By Distribution Channels, By Value, 2019–2030
Table 5 Saudi Arabia Canned Food Market Share, By End User, By Value, 2019–2030
Table 6 Almarai Company Overview
Table 7 Almarai Company Financial Overview
Table 8 Savola Group Company Overview
Table 9 Savola Group Financial Overview
Table 10 Nadec Foods Company Overview
Table 11 Nadec Foods Financial Overview
Table 12 Al Wataniah Food Industries Company Overview
Table 13 Al Wataniah Food Industries Company Financial Overview
Table 14 Al-Wedyan National Company for Food Products Ltd Company Overview
Table 15 Al-Wedyan National Company for Food Products Ltd Financial Overview
Table 16 Saudia Dairy and Foodstuff Company Overview
Table 17 Saudia Dairy and Foodstuff Company Financial Overview
Table 18 Nestle Company Overview
Table 19 Nestle Financial Overview
Table 20 Del Monte Saudi Arabia Ltd Company Overview
Table 21 Del Monte Saudi Arabia Ltd Financial Overview
Table 22 Kraft Heinz Company Overview
Table 23 Kraft Heinz Financial Overview
Table 24 Bolton Group Company Overview
Table 25 Bolton Group Financial Overview
Table 26 Other Prominent Players Company Overview
Table 27 Other Prominent Players Financial Overview
Market Segmentation
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