Market Overview

Saudi Arabia Canned Food Market Outlook to 2022 - Saudi Goody Products Marketing Dominates the Market, Followed by Gulf Food Industries: California Garden - ResearchAndMarkets.com

Share:

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 Profiles

  • AKH Foods
  • Al Alali
  • Al-Wedyan
  • Almarai Company
  • Del Monte Saudi Arabia Company Limited
  • Gulf Food Industries - California Garden
  • Luna (National Food Industries Company Limited)
  • Saudi Goody Products Marketing Company Limited
  • Saudia Dairy and Foodstuff Company (SADAFCO)

For more information about this report visit https://www.researchandmarkets.com/research/5f3lrb/saudi_arabia?w=4

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