Saudi Arabia Frozen Food Market Outlook 2019-2035 : Market Size, Trends, Growth, Opportunities | COVID-19 Impact Analysis

Saudi Arabia Frozen Food Market Overview

The increasing advancement in the food processing and packaging industry in Saudi Arabia is likely to have a positive effect on the growth of the Frozen Food Market. The major categories of packaged food are bakery products and frozen processed food. Some of the emerging categories in this sector are frozen ready-to-eat foods. Storage life can be extended notably by making storage temperatures colder. Consumer’s expectations of food quality are rising. There is an increase in the frozen food packaging market with the consumer appreciation of the product quality. With the growth in the economy and changing lifestyles, there is an increased demand for frozen food packaging in Saudi Arabia and the market is expected to grow lucratively during the forecast period. The primary drivers of canned food market in future will be the increasing urban population in Saudi Arabia. This will increase demand for canned food because of the hectic lifestyle of the urban populace leading consumers to prefer food that is easily and quickly prepared or is ready-to-eat. The rise in female labor force participation will be a major contributor to the canned food market in Saudi Arabia.

Saudi Arabia canned food market is expected to register positive CAGR of around 2.3% during the period 2019-2035. Growing product and packaging innovation will also augment the canned food market in Saudi Arabia.

Saudi Arabia Frozen Food Market Segmentation

On the basis of Product Type:

• Frozen Snacks
• Frozen Meat, Poultry & Seafood
• Frozen Fruits & Vegetables
• Frozen Ready Meals
• Others

On the basis of Distribution Channel:

• Institutional Sales
• Supermarkets/Hypermarkets
• Independent Small Grocers
• Others

On the basis of Region:

• North & Central Region
• Western Region
• Eastern Region
• Southern Region

On the basis of end users:

• Hotel
• Restaurants and Catering Companies
• Fast Food Outlets
• Retail Consumers

On the basis of Sector:

• Organized
• Unorganized

We conducted interviews with the Consumers (B2C Vs B2B), Frozen Food Brands, End User Industry Verticals, Contractual Suppliers, Product Managers, Consultants, Decision Makers, VPs, Executives, Sales Managers, Regional Sales Head, C-level Executives, etc.

Key Benefits: Saudi Arabia Frozen Food Market Outlook, 2019-2035 (Edition 2021)

• The report includes Saudi Arabia Frozen Food Market Manufacturers, Contract Manufacturers & Brands Outlook (Market Competition & Global Presence), Business Strategy & Financial Analysis of Major Players. Further, the study also covers Industry Insights (Future Trends & Forecast Data), Trade Data (Exports and Imports), By Saudi Arabia Frozen Food Market Type (Manufacturing & End User Industry Outlook), End User Industry Analysis (B2B Vs B2C), Competitive Intelligence, Opportunity Analysis
• Market Data : Market Size (USD Billion), Market Share (%), CAGR (%), Y-O-Y Growth Rate (%) of Saudi Arabia Frozen Food Market Industry and further it bifurcated into Countries, 2019-2035
• Sales Data of Saudi Arabia Frozen Food Market : By Each Packaging Type, By End Users, By Manufacturers Type, By Application, By Countries, (By Volume & Value), 2019-2035
• Manufacturing Outlook of Saudi Arabia Frozen Food Market : Manufacturers Outlook, Revenue & Market Share of Manufacturers, Manufacturing Capacity, Operational Margins, Contract Manufacturers & OBMs Outlook, etc., 2019-2035
• Brands Outlook : Revenue Share (%) of Manufacturers By Packaging Type, Market Positioning, Ranking Analysis, Product Portfolio, Competitiveness, Regional Presence, No. of Products, Investments, Partnerships & Collaborations, Mergers & Acquisitions, etc., 2019-2035
• Saudi Arabia Frozen Food Market End User Outlook : End User Preferences of Packaging & Brands, End User Spending, Average Spending Power, Adoption Rate (%), Penetration Rate (%), Green Initiatives, Govt. Regulations, etc., 2019-2035
• Market Dynamics : Growth Drivers, Challenges, Opportunities, Trends, SWOT Analysis, Porter's Five Force Model, PESTLE Analysis, etc., 2019-2035
• Trade Data of Saudi Arabia Frozen Food Market (Export & Import) : By Each Segment, By Major Destination Countries (By Value & Volume), 2019-2035
• Supply & Demand Analysis : By Saudi Arabia Frozen Food Market Type, End Use Verticals, By Countries, 2019-2035
• Target & Potential Markets : By Major Countries & Industries
• Detailed Outlook : Saudi Arabia Frozen Food Market Industry Analysis : (Manufacturers, Raw Material Outlook, New Products, Ongoing Researches, End User Analysis, Manufacturing Models, Demand Analysis for Each End User Industry, Govt. Norms, Market Dynamics etc.)

Saudi Arabia Frozen Food Market Dynamics

Growth Drivers

• Increasing per capita disposable income: The economy of Saudi Arabia is playing a pivotal role in determining the behavior of its food demand and supply. The growth of Saudi Arabia’s economy has given a new boost in increasing per capita disposable income from $20,267 in 2008 to $25,000 in 2014.With increase in per capita income, there has been improvement in consumption of food retail and buying capacity.
• Rising number of women workforce: It has been found that an increasing number of women joining the workforce are likely to have a positive effect on the demand for frozen food. This is due to lack of time to be devoted to cooking in the kitchen; they would prefer to buy frozen food products which are faster to cook with.
• Heavy FDI: The Saudi Arabia Investment Authority (SAGIA) has said that the business environment is very conductive for foreign direct investment from top retail players like Wal-Mart, Tesco and Sainsbury that indicates that it will help the economy to grow. Recently, Saudi Arabia has experienced a surge in food retail market, which has touched the value at $42.65 billion in 2015 and I expected to reach amounting to $55 billion by 2020.
• Climatic change is another factor likely to create a huge influence on the frozen food demand: Climate changes leads to unavailability of foods that are seasonally available, hence one of the factors that are driving the frozen food market in Saudi Arabia.
• Increasing urban population in Saudi Arabia: Increasing urban population is resulting in increased demand for frozen food because of the hectic lifestyle of the urban populace leading consumers to prefer food that is easily and quickly prepared or is ready-to-eat.

       Market Challenges

Slow Innovation in production

Customer’s perception over the foreign food especially the US’s stuff is having an edge over those produced locally. It is factual that the foreign food is of high quality in terms of utility and its positive impact on health. Also, they are considered to be more hygienic. As the foreign countries like US is considered to be superior in terms of technology over Saudi Arabia, customer get easily attracted towards the foreign brand. To enjoy the economic sovereignty by food industry, Saudi Arabia needs to develop approaches for better food industry technology rest it may have to bear the heavy cost.

Less trend of Online Shopping

Saudi Arabia is very adoptive to new products and brands but consumer did not accept the trend of online shopping. More online marketing logistics needs to be developed so as to facilitate them for online shopping. The country is lacking in effective logistics and supply chain management.

Loss of Revenue due to decrease in export of oil products

Saudi Arabia is lagging behind in new technological innovation in refinery. In 2012, Saudi Arabia had exported 76% of total export in crude petroleum. It would have earned more profit in export and been one of the power of the world if it had best technology.

Social Value System

Liberals have been accusing Saudi Arabia of spreading patriarchy and misogyny which do not allow women to indulge in business activities.

Nitaqat Law

In order to provide employment to the youth generation, it introduced a law Nitaqat law that makes the private company to appoint them. But, private companies are facing different kind of problems that the Saudi Arabians are not skilled enough to perform the delicate jobs to produce high standard products. Hence the company prefers the expatriate workers to carry out the business and production effectively and efficiently.

     Opportunities

• Growing high per capital

Consumers have the buying capacity for varied kind of food of their choices as Saudi Arabia is one of the fastest growing countries with per capita income of $20,813 with forecast to reach $33,500 by 2020.

• Easy availability of workers from third country:

Countries like India, Bhutan, Turkey, Philippines, Pakistan, Bangladesh, and Egypt and so on encourage their citizens to work in Saudi Arabia as it improves their foreign exchange. Also, people from third country are ready to work in Saudi Arabia as it offers good amount of remuneration.  

• Organized system strengthening the economy:

Saudi Arabia is ranked 6^th position in Local Supplier quantity and as 24^th position for both Value Chain Breadth and Production process sophistication.

• Strong Geo-political position: It is very important from geo-political position to harness the benefits by becoming the business capital in Middle East countries and North American countries. It feels obligatory to provide duty free access to other GCC and MENA economies and enjoys good transport and infrastructure mechanism.

Saudi Arabia Frozen Food Market Players

• Ajinomoto Co Inc.
• Amy's Kitchen Inc.
• Ardo N.V
• Arena Agro industries Alimentari SPA
• Bellisio Foods Inc.
• Bonduelle SCA
• Conagra Foods Inc
• Findus Group
• General Mills Inc
• H.J. Heinz Company

COVID-19 impact on "Saudi Arabia Frozen Food Market"

The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Saudi Arabia Frozen Food Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

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Key questions answered in this research report

• What is the total market size by 2035 and what would be the expected growth rate of sales?
• What are the total sales in 2018-19 and what would be the expected demand over the forecast period?
• What are the recent developments and business strategy of companies?
• What are the market opportunities for the existing and entry level players?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?

Reasons to buy this market study

• Saudi Arabia Frozen Food Market Facilitate decision-making based on strong historic and forecast data for
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• Saudi Arabia Frozen Food Market Facilitate decision-making based on strong historic and forecast data for
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the Saudi Arabia Frozen Food Market’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitor’s business structure, strategy and prospects’s growth potential