IMARC Group, a leading market research company, has recently releases report titled “Saudi Arabia Ready Meals Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2029,” The study provides a detailed analysis of the industry, including the Saudi Arabia ready meals market size, share, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
What is the growth rate of Saudi Arabia ready meals market?
The Saudi Arabia ready meals market is projected to exhibit a growth rate (CAGR) of 5.1% during 2024-2029.
What are Ready Meals?
Ready meals refer to pre-packaged food items that are fully cooked and require minimal to no preparation before consumption. They cater to the fast-paced lifestyles of consumers, offering a convenient and time-saving solution for those seeking quick and hassle-free dining options. Ready meals are available in a wide variety of types, encompassing frozen dinners, microwaveable dishes, pre-prepared salads, and sandwiches. They are crafted from high-quality ingredients and packaging that ensures freshness and flavor. Ready meals find applications in numerous scenarios, such as home consumption, office lunches, and on-the-go dining. They offer several benefits, including convenience, reduced cooking time, portion control, and extended shelf life. In addition, ready meals provide various advantages, like a wide range of cuisines, dietary options, and customizable choices.
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What are the growth prospects and trends in the Saudi Arabia ready meals industry?
The rapid urbanization and busy lifestyles of the Saudi Arabian population, resulting in growing demand for quick and convenient meal solutions, are propelling the market growth. Additionally, the widespread product utilization in home consumption, as it saves time on meal preparation without compromising on taste and nutrition, is contributing to the market growth. Furthermore, the rising number of working professionals who are exploring convenient and ready-to-eat (RTE) meal options, especially during lunch breaks, is contributing to the market growth. Along with this, the increasing number of women participating in the workforce, resulting in less time available for cooking elaborate meals, is positively impacting the market growth. Besides this, the expanding tourism industry in Saudi Arabia, which has led to a surge in the number of tourists seeking quick and familiar meal options, is driving the market growth. In addition, the emerging trends of customization, as consumers are looking for meals that cater to their specific dietary preferences and restrictions, are further bolstering the market growth. Along with this, the introduction of a wide range of options, including vegetarian, gluten-free, and low-calorie ready meals, allowing consumers to select meals that align with their individual needs, is supporting the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Frozen Ready Meal
- Chilled Ready Meal
- Ambient Ready Meal
Breakup by Distribution Channel:
- Hypermarkets/Supermarkets
- Convenience Stores
- Online Retail Stores
- Others
Breakup by Region:
- Northern and Central Region
- Western Region
- Eastern Region
- Southern Region
Who are the key players operating in the industry?
The report covers the major market players including:
- 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
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