Saudi Arabia Canned Food Market Outlook to 2022 - Saudi Goody Products Marketing Dominates the Market, Followed by Gulf Food Industries: California Garden - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 12, 2018--The Saudi Arabia canned food market, in terms of revenue, is expected to grow at a single digit CAGR during CY′2018-CY′2022. 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.
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.
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.
Key Player ProfilesAKH FoodsAl AlaliAl-WedyanAlmarai CompanyDel Monte Saudi Arabia Company LimitedGulf Food Industries - California GardenLuna (National Food Industries Company Limited)Saudi Goody Products Marketing Company LimitedSaudia Dairy and Foodstuff Company (SADAFCO)
For more information about this report visit https://www.researchandmarkets.com/research/5f3lrb/saudi_arabia?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181012005121/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Canned Food
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/12/2018 05:21 AM/DISC: 10/12/2018 05:21 AM