Lebanon Ready to Eat Food Market (2020-2026)

Market Forecast By Product Types (Instant Breakfast/Cereals, Instant Soups and Snacks, Ready Meals , Baked Goods, Meat Products & Others), By Distribution Channels (Hypermarkets/Supermarkets, Online Retail Stores , Convenience Stores & Others) and competitive landscape

Product Code: ETC003372	Publication Date: Nov 2022	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

Lebanon Ready To Eat Food Market Synopsis

Lebanon is a country which has seen an increase in food production, but at the same time faces challenges like rising population, water and irrigation issues and lack of arable land. Lebanon’s food production has increased as compared to the previous year, but potential growth is higher as it still has ample untapped resources. The Lebanon Ready to Eat Food market is a part of global POS terminal market.

According to 6Wresearch, the Lebanon Ready to Eat Food market size is likely to witness growth during 2022-28. The Lebanese Ready to Eat Food Market has been in operation since 2007. It is one of the largest food markets in the region, with a total area of over 2 million square meters. The market offers a variety of products, including fresh and frozen food, drinks, cosmetics and pharmaceuticals. Additionally, the Lebanon Ready to Eat Food Market was established to provide consumers with a wide range of food options at low prices. The majority of the products sold at the market are from local suppliers. The market also aims to promote sustainable agriculture and reduce food waste. Factors that are propelling the growth of this market include rising disposable incomes and increasing food expenditure among consumers in Lebanon. Despite these stimulants, some challenges are anticipated to hamper the growth of the market. These include increasing competition from other regional markets, as well as geopolitical instability in Lebanon. Additionally, there are several reasons why Lebanon is poised to become a major player in the global organic food market. First, the country has a long history of farming that dates back to pre-phytochemical times. Second, Lebanon has a well-developed infrastructure for agriculture, including irrigation systems and processing plants for crops such as tomatoes and cucumbers. Third, Lebanese consumers are increasingly interested in healthy and sustainable foods. They are willing to pay higher prices for organics because they know that they are supporting sustainable agriculture and environmentalism. The growth of the Lebanese organic food market will require several key factors to come together: increased investment in organic farming by landowners and businesses; better access to markets; enhanced marketing efforts; increased awareness among consumers about the benefits of organically grown produce; and support from the government.

Market Analysis By Regulatory Framework

The government is promoting food security through initiatives such as the Agricultural Production Development Program (APP), which was launched in 2006 to help increase production and improve efficiency in the agricultural sector. The APP provides financial assistance to farmers, supports research and development in agriculture, and provides training opportunities. Additionally, Lebanon also exports a large amount of fruit, vegetables, and other food products. In 2016, Lebanon exported $2 billion worth of goods, making it one of the top 10 export countries in the world. Beirut is home to several international food companies that have invested in the Lebanese market.

Market Analysis By Distribution Channel

In terms of distribution channel, the market is categorized into Hypermarkets/Supermarkets, Online Retail Stores, Convenience Stores and Others. Currently, the hypermarkets and supermarkets holds the highest market share. Additionally, the Lebanese government has announced plans to establish a ready-to-eat food market. The project is set to cost approximately $100 million and will involve the construction of a number of warehouses in different parts of the country. The goal is to provide Lebanese citizens with affordable, readily available food products that are staple foods such as rice, couscous, pasta, canned goods, and fresh produce. The market is expected to create around 10,000 jobs across Lebanon and will be open to both private and public sector investors. While it is hoped that the market will help stabilise prices and improve access to quality food for all Lebanese citizens, there are some who are sceptical about its long-term effects.

COVID-19 Influence on the Lebanon Ready To Eat Food Market

The occurrence of Covid-19 pandemic has resulted in a stoppage in past. However, the market has recuperated gradually. Currently, the market has tremondous growth opportunities. The Ready To Eat Food Market is designed to provide Lebanese consumers with pre-packaged food products from various international brands and local producers. The market will also offer ancillary services such as cooking classes and groceries. According to industry analysts, the Ready To Eat Food Market is expected to grow rapidly due to increasing affluence among Lebanese consumers and growing demand for healthy, convenient and affordable food options.

Key Attractiveness of the Report

COVID-19 Influence on the Market Dynamics.
10 Years of Market Data.
Historical Numbers from 2018 to 2021.
Base Year: 2021
Market Forecast Data Until 2028
Key Performance Indicators Influencing the Market.
Key Developments and Projects.

Key Highlights of the Report

Lebanon Ready to Eat Food Market Overview
Lebanon Ready to Eat Food Market Outlook
Lebanon Ready to Eat Food Market Forecast
Lebanon Ready to Eat Food Market Size and Lebanon Ready to Eat Food Market Forecast until 2028
Lebanon Ready to Eat Food Market Share, By Types
Lebanon Ready to Eat Food Market Share, By Product
Lebanon Ready to Eat Food Market Share, By Distribution Channels
Lebanon Ready to Eat Food Market Share, By Region
Historical Data of Lebanon Ready to Eat Food Market Revenues and Volume for the period, 2018-2021
Market size and Forecast of Lebanon Ready to Eat Food Market Revenues and Volume until 2028
Historical Data of Lebanon Ready to Eat Food Market Revenues and Volume, By Product Types, for the Period 2018-2021
Market size and Forecast of Lebanon Ready to Eat Food Market Revenues and Volume, By Product Types, until 2028
Historical Data of Lebanon Ready to Eat Food Market Revenues and Volume, By Distribution Channels, for the Period 2018-2021
Market size and Forecast of Lebanon Ready to Eat Food Market Revenues and Volume, By Distribution Channels, until 2028
Historical Data of Lebanon Ready to Eat Food Market Revenues and Volume, By Region, for the Period 2018-2021
Market size and Forecast of Lebanon Ready to Eat Food Market Revenues and Volume, By Region, until 2028
Lebanon Ready to Eat Food Market Drivers and Restraints
Lebanon Ready to Eat Food Market Trends and Industry Life Cycle
Porter’s Five Force Analysis
Lebanon Ready to Eat Food Market Opportunity Assessment
Lebanon Ready to Eat Food Market Revenue Share, By Company
Lebanon Ready to Eat Food Market Overview on Competitive Benchmarking
Company Profiles
Key Strategic Recommendations

Markets Covered

The report delivers a widespread study of the subsequent market segments:

By Product

Instant Breakfast/Cereals
Instant Soups and Snacks
Ready Meals
Baked Products
Meat Products
Others

By Distribution Channels:

Hypermarkets/Supermarkets
Online Retail Stores
Convenience Stores
Other

Lebanon Ready to Eat Food Market: FAQs

1). Which type accounts for the maximum market share in the Lebanon Ready To Eat Food Market?

2). Does the report include the impression of COVID-19?

3). Which distribution channel is predictable to register the highest growth rate?

4). What are the critical factors which are increasing the market demand?

5). What are the major challenges in the Lebanon Ready To Eat Food Market?

Do you also provide customisation in the market study?

Turkey Ready to Eat Food Market

Saudi Arabia Ready to Eat Food Market

UAE Ready to Eat Food Market

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Kuwait Ready to Eat Food Market

Oman Ready to Eat Food Market

Bahrain Ready to Eat Food Market

Iraq Ready to Eat Food Market

Jordon Ready to Eat Food Market

2020 Aug 05 : Report

Product Code: ETC003372	Publication Date: Aug 2020	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

Lebanon Ready to Eat Food Market is anticipated to register potential growth projections during the forecast period 2020-26F owing to a substantial increase in the domestic production of ready to eat foods along with rising concerns for the fulfillment of the nutritional needs of the population in the country. An increase in the established recommendations based on the sound scientific production of necessary ready to eat foodstuffs which tend to fulfill the dietary needs of the population and is stacked with the required nutritional content would proliferate the sound growth of Lebanon ready to eat food market in the coming years.

According to 6Wresearch, Lebanon Ready to Eat Food Market is anticipated to witness growth during the forecast period 2020-26F. The spread of COVID-19 has impacted the market growth of Lebanon ready to eat food market backed by the disturbances in the import of certain ingredients used for the preparation of ready to eat foodstuffs along with the disruptions in the production activities across the country to contain the spread of the virus. However, increased hygiene concerns have propelled the sales of ready to eat foodstuffs along with the need for shelf piling of products. Also, by the end of the year 2020, as the COVID-19 virus marks a slowdown, Lebanon ready to eat food market is expected to register promising growth.

On the basis of types, baked ready to eat products are anticipated to dominate revenues in the overall Lebanon Ready to Eat Food market in the coming years owing to the rising concerns regarding consumption of hygienic food along with the fulfillment of the necessary nutritional content. Changing consumer behavior, tight budgets, limited access to fresh foods, escalating needs for hygiene, increasing demand for the convenience of cooking by consumers, and rising preferences of the natives towards consumption of healthy food are the potential drivers of the Lebanon Ready to Eat Food market and are expected to trigger the sound market growth in the upcoming six years.

The Lebanon Ready to Eat Food report thoroughly covers the market by Product Types, and by Distribution Channels. Lebanon Ready to Eat Food outlook report provides an unbiased and detailed analysis of ongoing Lebanon Ready to Eat Food trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Owing to factors such as the rising number of working women, higher costs of hiring domestic help, convenience for food preparation, and the need for less cooking time. Also, several ready to eat food brands are initiating efforts to cater to changing consumer habits along with the introduction of nutritiously valuable and affordable ready to eat food products which would further boost the market demand for the product in Lebanon in the upcoming six years. On the basis of distribution channels, hypermarkets/supermarkets are expected to register the highest growth in overall Lebanon ready to eat food market during the forecast period 2020-26F owing to changing consumer behavior towards premium store shopping coupled with easy and convenient shopping methods provided by hypermarkets and supermarkets. Also, online retailers are anticipated to be the second-highest growth achieving domain in Lebanon ready to eat food market owing to increasing penetration of e-commerce coupled with rising interest towards online shopping along with ease of delivery provided by the online vendors.

Lebanon Ready to Eat Food market is expected to register growth during the forecast period 2020-26F owing to factors such as the rising number of working women, higher costs of hiring domestic help, convenience for food preparation, and need for less cooking time. Also, several ready to eat food brands are initiating efforts to cater to changing consumer habits along with the introduction of nutritiously valuable and affordable ready to eat food products which would further boost the market demand for the product in Lebanon in the upcoming six years. Further, in order to address the spread of COVID-19, Lebanon has postponed the acceptance of the arrival of shipments of staple foods and ready to eat food products through ships. Moreover, the country has enough food stocks to serve its natives, and the market sales of ready to eat food are expected to be smooth during the COVID-19 period. However, the growth of Lebanon ready to eat food market is likely to be hampered owing to a decline in the foreign trade during 2020 but would gain momentum at the beginning of 2021 as the disease outbreak registers slowdown. Also, online retailers are anticipated to be the second-highest growth achieving domain in Lebanon ready to eat food market owing to increasing penetration of e-commerce coupled with rising interest towards online shopping along with ease of delivery provided by the online vendors.

Lebanon ready to eat food market is anticipated to gain momentum during the forecast period 2020-26F on the back of the rising disposable income is leading to spending on ready to eat food. Further, on the basis of the end-users, the Food processing industry is estimated to generate humongous revenues underpinned by the rising production of confectionery and bakery products is expected to boost the growth of the ready to eat food market. Also, the increasing obesity rate in the country has led to rising concerns towards health and is set to prompt the manufacturer to introduce healthy products along with rising in the consumption of frozen fruits and vegetables containing the high nutritional value is expected to bolster the growth of the ready to eat food in the coming year.

Key Highlights of the Report:

Lebanon Ready to Eat Food Market Overview
Lebanon Ready to Eat Food Market Outlook
Lebanon Ready to Eat Food Market Forecast
Lebanon Ready to Eat Food Market Size and Lebanon Ready to Eat Food Market Forecast until 2025
Lebanon Ready to Eat Food Market Share, By Types
Lebanon Ready to Eat Food Market Share, By Product
Lebanon Ready to Eat Food Market Share, By Distribution Channels
Lebanon Ready to Eat Food Market Share, By Region
Historical Data of Lebanon Ready to Eat Food Market Revenues and Volume for the period, 2015-2018
Market size and Forecast of Lebanon Ready to Eat Food Market Revenues and Volume until 2025
Historical Data of Lebanon Ready to Eat Food Market Revenues and Volume, By Product Types, for the Period 2015-2018
Market size and Forecast of Lebanon Ready to Eat Food Market Revenues and Volume, By Product Types, until 2025
Historical Data of Lebanon Ready to Eat Food Market Revenues and Volume, By Distribution Channels, for the Period 2015-2018
Market size and Forecast of Lebanon Ready to Eat Food Market Revenues and Volume, By Distribution Channels, until 2025
Historical Data of Lebanon Ready to Eat Food Market Revenues and Volume, By Region, for the Period 2015-2018
Market size and Forecast of Lebanon Ready to Eat Food Market Revenues and Volume, By Region, until 2025
Lebanon Ready to Eat Food Market Drivers and Restraints
Lebanon Ready to Eat Food Market Trends and Industry Life Cycle
Porter’s Five Force Analysis
Lebanon Ready to Eat Food Market Opportunity Assessment
Lebanon Ready to Eat Food Market Revenue Share, By Company
Lebanon Ready to Eat Food Market Overview on Competitive Benchmarking
Company Profiles
Key Strategic Recommendations