Saudi Arabia Frozen Food Market Forecast 2020 – 2027 – Top Key Players Analysis
The report prepared by the GMI Research includes an in-depth analysis of the global market and a thorough research undertaken by the analysts. An extensive study of this market alongside the fundamental aspects that may influence the commercialization graph of this industry has been given in the study. The market study covers various aspects such as market size, and important vendors in the market, driving factors, segmental evaluation, constraints, and competitive landscape.
Top Companies of the Saudi Arabia Frozen Food Market:
- General Mills Inc.
- The Savola Group
- Nestle S.A.
- Sunbulah Group
- Americana Group, Inc.
- Halwani Bros
- Tanmiah Food Group
- Al Karamah Dough
- McCain Foods Limited
- The Unilever Group
Drivers of the Saudi Arabia Frozen Food Market:
The emerging demand for ready-to-eat food products due to the shifting lifestyle and growing number of working-class individuals is the major factor driving the growth of the frozen food market in Saudi Arabia. Moreover, hectic work style and increasing trend of women employees have been changing the consumers’ preferences towards shelf-stable products and foods that need minimal preparation to cook. This factor has surged the demand for frozen products, including soups, frozen meat, frozen bakery products, and confectionery products, among other products.
Numerous exceptional specifications of frozen foods that include easier storage, extended shelf life, preserved nutrition at peak ripeness, decrease in food waste, and cost-effectiveness are major factors leading to the strong demand for the frozen foods among consumers. The emergence of the COVID-19 pandemic has surged the demand for frozen food products due to the advantages of limited grocery store trips to buy fresh vegetables and fruits, easy preparation methods, and long shelf-life.
Growing demand for frozen foods, such as frozen potatoes, vegetables & fruits, and non-veg products among hotels, restaurants, caterers, resorts, and fast-food chains, is bolstering the growth of the Saudi Arabia frozen food market. Furthermore, the increasing residential and hospitality sector, along with the ongoing major infrastructural projects including the Neom Business City, Qiddiya City, Four Season Jeddah Croniche, Jabal Omar Projects, and Murcia Residential Project, among other, is accelerating the growth of the food market, thus boosting the demand of frozen foods over the forecast period. On the other hand, the increasing preference for fresh and natural food products and the rising demand for constant temperature monitoring of frozen food products will hinder the growth of the Saudi Arabia Frozen Food market.
Segmentation of the Saudi Arabia Frozen Food Market:
By Product:
- Fruits & Vegetables
o Frozen Fruits
o Frozen Vegetables
- Frozen Potatoes
- Other vegetables
- Dairy Products
- Bakery Products
o Bread and Pizza Crusts
o Other Bakery Products
- Meat & Seafood Products
- Convenience Foods & Ready Meals
- Others
By Type:
- Raw Material
- Half Cooked
- Ready-to-Eat
By Consumption:
- Food Service
- Retail
By Distribution Channel:
- Offline
- Online
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