Saudi Arabia Packaged Food Market

Saudi Arabia packaged food market is anticipated to grow over the forecast period due to the increasing comer preference for healthy packaged food coupled with the rapid expansion of food retail and service sectors. Packaged foods are ready to eat food products which are prepared in advance and have extended shelf life.

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Major Saudi Arabia Packaged Food Market Drivers

Saudi Arabia packaged food market is driven by the increasing working individuals, growing consumer preference for nutritious rich food products and increasing demand for ready to eat products. Moreover, demand for packaged foods are growing owing to the change in the lifestyle of consumers along with the rapid urbanization across the Saudi Arabia. Packaged foods are becoming popular across the country because of tight time schedules of working population as they have less time to cook and prefer simpler prepared foods. Consumer are shifting towards healthy food products which are high in nutritional, low in fat cholesterol. As a result of the increasing demand for healthy food products, manufacturers are focusing on organic and healthy food products to meet the needs of the consumers. This increasing trend is projected to drive the market expansion in near future. Expansion of organized sector coupled with the rise in the packaged food consumption will further boost the growth of Saudi Arabia packaged food market. In addition to this, surging demand for ready to eat healthy food and beverage options among people will propel the market growth. However, high risk of food contamination may hamper the Saudi Arabia packaged food market.

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Saudi Arabia packaged food market is segmented into ready meals, baked foods, soups, baby food, breakfast cereals, instant noodles, pasta, potato chips, nuts, biscuits, yogurt, ice creams, chocolate confectionary, cheese, sauces, dressings & condiments, and non-alcoholic drinks. Breakfast cereals segment is projected to grow at the fastest CAGR over the forecast period due to the growing demand for nutritious rich food options along with increasing focus on breakfast meals among consumers. Moreover, increasing need for convenient breakfast alternatives because of the hectic lifestyle of the working class population are creating numerous opportunities for the breakfast cereals segment in the kingdom.

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Top Market Players

The key players operating in the market include Al Kabeer Group, National Food Industries Company, Nestle, Al Safi Danone, Alamarai, Kraft Foods Group, Saudia Dairy & Foodstuff Company, Al Muhaidib Group, Americana Group, and Arla Foods, among others.

Key Developments:

• • In 2022, Nestle planned to invest USD 2 Billion to establish new facility for infant-nutrition products and instant coffee in Saudi Arabia. The company planned to open its manufacturing site in 2025.
  • In 2022, Arla Foods planned to expand its production lines for ready to drink products in Saudi Arabia. The company planned to invest USD 17 Million to expand and diversify its product range to the middle east region. Through this expansion, Arla Foods expected to increase its production capacity by 10% in Saudi Arabia.
  • In 2020, Nestle expanded its packaged food market by launching a new Starbucks product line such as Fresh Brew Coffee, Cold Brew Concentrate, among others. Through this expansion, the company planned to cater the increasing demand of working population in the Saudi Arabia.
  • In 2019, Alamarai acquired Riyadh based premier foods from Alamar foods to expand its food service channel in the Saudi Arabia.

Segments covered in the Report:

The Saudi Arabia packaged food market has been segmented on the basis of product. Based on the product, the market is segmented into ready meals, baked foods, breakfast cereals, soups, baby food, potato chips, nuts, instant noodles, pasta, biscuits, chocolate confectionary, cheese, yogurt, ice creams, sauces, dressings & condiments, and non-alcoholic drinks.

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Key questions answered in this research report:

• • At what pace is Saudi Arabia packaged food market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Saudi Arabia packaged food market? What will be the impact of drivers and restraints in the future?
  • What are the various products of Saudi Arabia packaged food market and how they are poised to grow?
  • Which Product generated maximum revenues in 2022 and identify the most promising Product during the forecast period?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Saudi Arabia Packaged Food Market by Product

• • Ready Meals
  • Baked foods
  • Breakfast cereals
  • Soups
  • Baby Food
  • Potato Chips
  • Nuts
  • Instant Noodles
  • Pasta
  • Biscuits
  • Chocolate Confectionary
  • Cheese
  • Yogurt
  • Ice Creams
  • Sauces, Dressings & Condiments
  • Non-alcoholic drinks

Saudi Arabia Packaged Food Leading Market Players (Option: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice

• • Al Kabeer Group
  • National Food Industries Company
  • Nestle
  • Al Safi Danone
  • Alamarai
  • Kraft Foods Group
  • Saudia Dairy & Foodstuff Company
  • Al Muhaidib Group
  • Americana Group
  • Arla Foods