Product Code: ETC040640 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia frozen fruit and vegetables market is estimated to register a CAGR of 5.8% between 2020-2026. The demand for convenience foods has been increasing, due to the changing lifestyles and hectic schedules of individuals in the country, as well as an increase in disposable income levels among consumers. This factor is expected to contribute significantly towards the growth of the market during the forecast period. Additionally, increased awareness about health benefits associated with consumption of frozen fruits & veggies such as reduced risk of foodborne illnesses along with preservation features like long shelf life are also propelling their sales across all retail outlets including offline stores & online platforms.
The demand for convenience foods has been on the rise in recent years due to hectic working lifestyles that have led to less time available for cooking traditional meals from scratch. This trend is further driven by changing trends among young consumers who prefer ready-to-eat snacks and other convenient products such as frozen fruit & vegetables which offer similar nutritional values as fresh produce but are much easier to store and prepare quickly. Consumers?? focus on health and nutrition concerns such as obesity, diabetes, etc., is fuelling their interest towards consuming healthier food products such as frozen fruits & vegetables, which provide similar nutrient content compared with fresh produce without loss of vitamins or minerals due to long shelf life associated with them. Furthermore, they offer several advantages over fresh products including reduced spoilage losses and superior taste quality owing to minimal exposure towards environmental factors such as temperature variations or moisture changes while being stored in freezers at low temperatures (-18?C).
Although there are numerous advantages associated with consumption of frozen fruits & vegetables over its counterparts like extended shelf life , ease of storage , etc . However one major challenge faced by this product category lies within its higher price point when compared against its equivalent non -frozen counterpart thus inhibiting potential buyers from opting it instead . Despite rapid expansion taking place across modernized retail chains , certain remote areas still lack adequate cold chain infrastructure required for longer storage duration.
The COVID-19 pandemic is expected to have a major impact on the overall market. Due to lockdown measures, restaurants and hotels closed down leading to a decrease in demand for frozen vegetables and fruits from these channels. However, with the gradual relaxation of restrictions, sales are likely to pick up again. In addition, an increase in online grocery shopping during the pandemic could benefit the market as customers are more likely to purchase frozen products than fresh ones when buying online.
Key players operating in the Saudi Arabia frozen vegetable and fruit market include Almarai Company Ltd., Nestle SA, Unifreeze Industries Co Ltd., Atlas Foodstuff Manufacturing Co., Agthia Group PJSC (Al Ain Farms), Sadia S/A Industria de Alimentos, Tyson Foods Inc., BRF Global Holdings BV (Sadia International Trading Corporation), General Mills Inc., McCain Foods Limited among others. These companies offer a wide variety of product portfolios such as ready meals using various types of sauce bases prepared with fresh ingredients; quick-frozen fruits & vegetables; IQF chicken pieces; vegetarian meat alternatives; pizzas topped with cheese etc that meet customer demands for convenient meal solutions at affordable prices.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Frozen Fruit & Vegetables Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Frozen Fruit & Vegetables Market Revenues & Volume, 2020 & 2030F |
3.3 Saudi Arabia Frozen Fruit & Vegetables Market - Industry Life Cycle |
3.4 Saudi Arabia Frozen Fruit & Vegetables Market - Porter's Five Forces |
3.5 Saudi Arabia Frozen Fruit & Vegetables Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 Saudi Arabia Frozen Fruit & Vegetables Market Revenues & Volume Share, By Applications, 2020 & 2030F |
3.7 Saudi Arabia Frozen Fruit & Vegetables Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 Saudi Arabia Frozen Fruit & Vegetables Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Frozen Fruit & Vegetables Market Trends |
6 Saudi Arabia Frozen Fruit & Vegetables Market, By Types |
6.1 Saudi Arabia Frozen Fruit & Vegetables Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Frozen Fruit & Vegetables Market Revenues & Volume, By Product Type, 2020-2030F |
6.1.3 Saudi Arabia Frozen Fruit & Vegetables Market Revenues & Volume, By Frozen Vegetables, 2020-2030F |
6.1.4 Saudi Arabia Frozen Fruit & Vegetables Market Revenues & Volume, By Frozen Fruits, 2020-2030F |
6.2 Saudi Arabia Frozen Fruit & Vegetables Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Frozen Fruit & Vegetables Market Revenues & Volume, By Fruits, 2020-2030F |
6.2.3 Saudi Arabia Frozen Fruit & Vegetables Market Revenues & Volume, By Vegetables, 2020-2030F |
6.3 Saudi Arabia Frozen Fruit & Vegetables Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Frozen Fruit & Vegetables Market Revenues & Volume, By Hypermarkets/Supermarkets, 2020-2030F |
6.3.3 Saudi Arabia Frozen Fruit & Vegetables Market Revenues & Volume, By Convenience Stores, 2020-2030F |
6.3.4 Saudi Arabia Frozen Fruit & Vegetables Market Revenues & Volume, By E-commerce, 2020-2030F |
7 Saudi Arabia Frozen Fruit & Vegetables Market Import-Export Trade Statistics |
7.1 Saudi Arabia Frozen Fruit & Vegetables Market Export to Major Countries |
7.2 Saudi Arabia Frozen Fruit & Vegetables Market Imports from Major Countries |
8 Saudi Arabia Frozen Fruit & Vegetables Market Key Performance Indicators |
9 Saudi Arabia Frozen Fruit & Vegetables Market - Opportunity Assessment |
9.1 Saudi Arabia Frozen Fruit & Vegetables Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 Saudi Arabia Frozen Fruit & Vegetables Market Opportunity Assessment, By Applications, 2020 & 2030F |
9.3 Saudi Arabia Frozen Fruit & Vegetables Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
10 Saudi Arabia Frozen Fruit & Vegetables Market - Competitive Landscape |
10.1 Saudi Arabia Frozen Fruit & Vegetables Market Revenue Share, By Companies, 2023 |
10.2 Saudi Arabia Frozen Fruit & Vegetables Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |