Saudi Arabia Ready-to-Cook Food Market Size Prediction by 2023-2028, Market Growth, Business Potential, Revenue and Share
Saudi Arabia Ready-to-Cook Food Market Insights:
According to MarkNtel Advisors, the Saudi Arabia Ready-to-Cook Food market is projected to grow at a CAGR of around 5.83% during the forecast period, i.e., 2023-28, owing to the rising consumption of Ready-to-Cook foods such as frozen vegetables, sea foods, soups, snacks, etc. The quick & easy nature of these foods allows consumers to cook them quickly.
Saudi Arabia Ready-to-Cook Food Market Definition:
The Ready-to-Cook meal has all the ingredients premixed into it, they only need to be heated or cooked at the final stage to be served. For the final cooking or preparation, a procedure is mentioned on the package, and that exact process is to be followed so that the food is completely cooked without any chances of contamination.
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Possible Restraint: Health Concerns Among Individuals to Restrict the Market Growth
The population in Saudi Arabia has been majorly suffering from various health concerns such as diabetes, obesity, etc. Owing to this, some consumers are restricting themselves from consuming Ready-to-Cook food items, as they contain too many vegetable oils, such as canola, sunflower, corn, cottonseed oil, etc., which contain unhealthy polyunsaturated fatty acids. They also contain too many chemicals, such as artificial flavors, sucralose, etc.
Therefore, due to the presence of such additives in these food items, consumers suffering from obesity, heart diseases, etc., are restricting themselves towards their consumption, limiting the growth of the Saudi Arabia Ready-to-Cook Food market in the forthcoming years.
Saudi Arabia Ready-to-Cook Food Market Segmentation:
-By Product Type
- Frozen
- Ambient
-By Food Preferences
- Vegetarian
- Non Vegetarian
-By Sales Channel
- Online
- Offline
-By End Users
- Individual Users
- Hotels & Restaurants
- Others (Military, etc.)
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Saudi Arabia Ready-to-Cook Food Leading Companies:
- Nestlé
- General Mills
- Almunajem Food
- Savola Foods
- Knorr Arabia
- Mamee Double-Decker
- Sunbulah Group
- Al Kabeer Group ME
- Gulfwest Company Ltd.
- Halwani Bros.
- Almarai Company
- Others (Herfy for Food Services Company JSC, etc.)
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