The latest report by IMARC Group, titled "Saudi Arabia Ready Meals Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032," offers a comprehensive analysis of the ready meals market size in Saudi Arabia. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The Saudi Arabia ready meals market is projected to exhibit a growth rate (CAGR) of 4.59% during 2024-2032.
Saudi Arabia Ready Meals Market Trends:
The market in Saudi Arabia is primarily driven by the fast-paced lifestyle of the working population. In line with this, the increasing number of single-person households is also providing an impetus to the market. Moreover, the rising preference for convenience foods among the younger demographic is acting as a significant growth-inducing factor for the market. In addition to this, the growing tourism industry, which demands quick and easy food options, is resulting in a higher demand for ready meals.
Besides this, the expansion of retail infrastructure offering a wide array of ready meal options is creating lucrative opportunities in the market. Also, the influence of Western eating habits is impacting the market positively. The market is further driven by the ongoing innovations in food preservation technology. Apart from this, the availability of a diverse range of culinary styles in ready meal formats is propelling the market.
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Saudi Arabia Ready Meals Market Scope & Growth Analysis:
The scope of the global market is expanding as more consumers in Saudi Arabia turn to ready meals for their convenience and time-saving attributes. The market is adapting to consumer demands for healthier options, incorporating organic ingredients, and reduced-calorie meals, which is broadening its appeal. As per the market analysis, the introduction of global cuisines in ready meal formats is enriching consumer choices and catering to a palate that enjoys diversity.
Additionally, the growing trend of 'meal kits' that offer fresh ingredients pre-portioned for cooking at home is reflecting a hybrid approach to home-cooked and ready-to-eat meals. Partnerships between ready meal producers and supermarket chains are enhancing product visibility and accessibility. Moreover, the integration of smart packaging technologies that extend shelf life and improve convenience is pivotal in catering to the evolving consumer preferences, thereby expanding the market's scope.
Saudi Arabia Ready Meals Market Segmentation:
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape in the market.
- Al Kabeer Group ME
- Al Watania
- AlKaramah Dough
- Almarai Company
- Almunajem Foods
- Americana Group
- Nutrition and Diet Center Frozen Ready Meals
- Seara Foods (JBS Foods SA)
- Siwar Foods
- Sunbulah Group
Product Type Insights:
- Frozen Ready Meal
- Chilled Ready Meal
- Ambient Ready Meal
Distribution Channel Insights:
- Hypermarkets/Supermarkets
- Convenience Stores
- Online Retail Stores
- Others
Regional Insights:
- Northern and Central Region
- Western Region
- Eastern Region
- Southern Region
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter's Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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