The report titled “Saudi Arabia
Canned Food Market Outlook to 2022 - by Product Categories (Canned
Dairy, Canned Meat, Canned Fish, Canned Cooking Sauces, Canned Legumes and
Beans and Canned Fruits and Vegetables), by Distribution Channels (Bakalas,
Hypermarkets, Supermarkets, Others), by Regional Sales (Riyadh, Jeddah,
Mecca-Medina, Dammam and Others), by End User (Hotels, Restaurants and Catering
Companies, Fast Food Outlets and Retail Consumers)” provides a
comprehensive analysis on the Saudi Arabia Canned Food Market. The report
covers overview and genesis, food market size by value and volume, market segmentation
by Categories (Canned Dairy, Canned Meat, Canned Fish, Canned Cooking Sauces,
Canned Legumes and Beans and Canned Fruits and Vegetables, by Distribution
Channels (Bakalas, Hypermarkets, Supermarkets, Others), by Regional Sales (Riyadh,
Jeddah, Mecca-Medina, Dammam and Others),
by Sector (Organized and Unorganized) and by End User (Hotels,
Restaurants and Catering Companies, Fast Food Outlets and Retail Consumers). Competitive
landscape of Major players in Saudi Arabia canned food market including Saudi
Goody Products Marketing Ltd., Gulf Food Industries – California Garden,
Almarai Co. Ltd., Luna (National Food Industries Company), Saudia Dairy and
Foodstuff Co., Del Monte Saudi Arabia Co. Ltd., Al-Wedyan National Company for
Food Products, Al-Alali and AKH Foods are covered in the report. The report also
covers Value Chain Analysis, Recent trends and developments, Issues and
Challenges, Government role and regulations, SWOT Analysis, Export and Import
trade scenario, Macroeconomic factors affecting Saudi Arabia canned food
market, Future Outlook and Analyst recommendations.
The
report is useful for investors, packaged food manufacturers, food ingredient
supplier, potential entrants, food retailers and other stakeholders to align
their market centric strategies according to ongoing and expected trends in the
future.
Saudi Arabia
Canned Food Market Size and Overview
The
market for canned food in Saudi Arabia is at a matured stage, with a limited
number of players dominating the market. Canned foods industry is driven by increasing
urban population, rising female participation in the labor force, increasing
share of income being spent on food, the growth in religious tourism that Saudi
Arabia receives every year at the time of Hajj and Umrah and increasing product
and packaging innovation.
Market Segmentation:
By Product Type: There are
several product categories in canned foods market, the main ones being canned
dairy, canned cooking sauces, canned fruits and vegetables, canned legumes and
beans, canned meat, canned fish and others. Canned dairy is the leading product
category with the highest revenue share of the market by value.
By Distribution Channels:
Distribution channels for canned food products are hypermarkets, supermarkets
and bakalas among other small departmental stores and online channel. In
CY’2017, bakalas had the maximum revenue share, owing to their easy
accessibility and high number of bakalas in Saudi Arabia.
By Regional Sales: The
sales of canned foods are concentrated in urban areas, especially major cities
such as Riyadh, Dammam, Jeddah and Mecca-Medina. Out of these, Mecca-Medina
holds the largest revenue share by value as of CY’2017 because this region
receives high amount of religious tourism at the time of Hajj and Umrah during
which demand for canned foods is extremely high.
By Market Structure: Organized
sector dominated the retail sales with a higher revenue share of the market in CY’2017.
Organized players are better positioned and have well-established procurement
and distribution systems as compared to unorganized players.
By End User: Hotels and
restaurants (including catering companies) has contributed the highest share by
value in CY’2017, as they use canned foods in large quantities and catering
companies use canned foods to serve the pilgrims during Hajj and Umrah.
Competitive Landscape
The
Saudi Arabia canned foods market is concentrated with few large players holding
a high revenue share of the market. Saudi Goody Products Marketing Ltd. is the
leading company in terms of revenue in the Saudi Arabia canned food market.
Gulf Food Industries – California Garden is the second largest company followed
by Almarai Company. The other major companies in Saudi Arabia canned food
market are Luna (National Food Industries Company), Saudia Dairy and Foodstuff
Co., Del Monte Saudi Arabia Co. Ltd., Al-Wedyan National Company for Food
Products, Al-Alali and AKH Foods.
Future Outlook to Saudi Arabia Canned Food
Market
The
Saudi Arabia canned food market, in terms of revenue, is expected to grow at a
single digit CAGR during CY’2018-CY’2022 owing to increasing urban population,
rising female workforce and product and packaging innovation. The growth of the
tourism industry leading to expansion of hotels, restaurants and fast food
outlets is also likely to be another major contributor as these entities are
major end users of canned food products.
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Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com
+91-9015378249
