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 | Updated Date: Sep 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Lebanon Ready To Eat Food market currently, in 2023, has witnessed an HHI of 1599, Which has increased slightly as compared to the HHI of 1060 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Lebanon Ready To Eat Food Market |
Forecast period | 2024-2030 |
CAGR | 7% |
Growing Sector | Retail |
The Lebanon Ready To Eat Food Market report thoroughly covers the market by Product and Distribution Channels. The market report provides an unbiased and detailed analysis of the ongoing market 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.
The Lebanon Ready To Eat Food Market has anticipated growth over the past years. This growth of the market is driven by rapid urbanisation in Lebanon, a rise in disposable income of the people, government initiatives, and the growth of the tourism industry. The market is expected to witness significant growth in the coming years.
According to 6Wresearch, the Lebanon Ready To Eat Food Market size is expected to grow at a significant CAGR of 7% during 2024-2030. With rapid urbanization in the country and the changing lifestyles of the people, there is an increasing demand for quick and convenient food options. Ready-to-eat food provides a hassle-free solution for those with limited time for meal preparation. Moreover, with the rise in disposable income, people are willing to spend more on convenience and luxury. This has driven the ready to eat food market. Furthermore, the country is rich in culture and cuisine, attracting a number of tourists each year. This has led to a growing demand for ready-to-eat foods that cater to international tastes and provide a quick introduction to Lebanese cuisine.
However, despite growing, the market also faces challenges. Many of these products are high in calories, sodium, and preservatives. This has raised concerns about the impact on health and wellness among consumers. Moreover, the ready to eat food market faces competition from homemade meals as the taste and quality of these meals cannot be replicated by packaged foods.
The RTE food market in Lebanon is highly competitive with both local and international players vying for a share of the market. Some of the key players in this market include Al Rifai Roastery, Spinneys Lebanon, Al Khan Foods, Nestle Middle East, Halwani Bros Co., and LesDelices De L'orient. These companies offer a wide range of RTE food products, including traditional Lebanese dishes such as falafel, hummus, and tabbouleh, as well as international favourites like pizza and burgers.
One of the key initiatives is the Made in Lebanon campaign launched by the Ministry of Industry. This campaign promotes locally produced food products, including ready-to-eat meals, through various marketing strategies such as trade shows, exhibitions, and digital campaigns. Moreover, the Ministry of Agriculture has also introduced several policies to support farmers and agri-food businesses in Lebanon. These include providing financial assistance, training programs, and technical support to improve the quality and quantity of local food production. Furthermore, the Lebanese government has collaborated with international organizations such as the Food and Agriculture Organization (FAO) and the World Bank to promote sustainable agriculture and improve food security in the country.
The demand for ready to eat food in Lebanon is expected to continue growing due to various factors such as changing lifestyles, increasing number of working women, and a rise in the popularity of convenience foods. Consumers are also becoming more health-conscious, leading to a demand for healthier ready to eat options with labels indicating nutritional information. The market is also witnessing a shift towards organic and natural products. With advancements in technology, companies are also focusing on developing innovative packaging solutions for ready to eat food products.
According to Ravi Bhandari, Research Head, 6Wresearch, the instant breakfast/cereals segment is expected to experience the highest growth in the market due to busy lifestyles and increasing health concerns among consumers, leading to high demand for convenient and healthy breakfast options.
The online retail stores segment is projected to witness rapid growth in the market due to the ease of ordering and doorstep delivery services offered by online retailers.
The report provides a detailed analysis of the following market segments:
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: 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:
Markets Covered
The Lebanon Ready to Eat Food Market report provides a detailed analysis of the following market segments: