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: ETC003375 | Publication Date: Aug 2020 | Updated Date: Sep 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Bahrain Ready To Eat Food market currently, in 2023, has witnessed an HHI of 1537, Which has increased slightly as compared to the HHI of 1306 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 | Bahrain Ready To Eat Food Market |
Forecast period | 2024-2030 |
CAGR | 8.5% |
Growing Sector | Retail |
The Bahrain 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 Bahrain Ready To Eat Food Market has been experiencing growth in the past years and is expected to grow in the coming years. This is due to the hectic lifestyles of people, urbanization, rise in disposable incomes, and growth of the tourism industry.
According to 6Wresearch, the Bahrain Ready To Eat Food Market size is expected to grow at a significant CAGR of 8.5% during 2024-2030. One of the major drivers for this market is the busy and hectic lifestyles of consumers. With people having less time to cook meals from scratch, they are turning towards ready-to-eat options that offer quick and convenient meal solutions. Moreover, with the increasing urbanization and rise in disposable incomes in Bahrain, there has been a shift in consumer preferences towards convenience and easy-to-prepare foods. Moreover, the rise of the tourism industry led to the demand for ready to eat food in the market as they offer a variety of options that cater to different tastes and dietary requirements.
One main challenge is the increasing health concerns among consumers regarding processed and packaged foods. Another challenge faced by the market is the increasing competition from other convenient meal solutions such as meal kits and home delivery services. These alternatives offer a wider variety of freshly cooked meals at competitive prices, thus posing a threat to the ready-to-eat food market.
The RTE food market in Bahrain is highly competitive, with both local and international players vying for market share. Some of the key players in this market include Americana Group, Almarai, Nestle, Mondelez International, and Kellogg's. These companies have a strong presence in Bahrain and offer a wide range of RTE meals, snacks and beverages. They also have dedicated research and development teams to continually innovate and introduce new products to meet the changing consumer demands.
One of the main initiatives taken by the Bahraini government is the establishment of industrial zones dedicated to food processing and manufacturing. This has encouraged many local businesses to enter into the production of ready-to-eat meals, snacks, and other convenience foods. Additionally, the government has also implemented strict food safety regulations and standards, ensuring that all ready-to-eat foods sold in the market are safe for consumption. The Bahraini government has also been actively promoting and supporting small and medium-sized enterprises (SMEs) in the food industry through providing financial assistance, business development services, and training programs. Furthermore, the government has been working on improving the logistics and distribution infrastructure in the country, making it easier for companies to transport and distribute their products across different regions.
The ready to eat food market in Bahrain is expected to witness steady growth in the coming years. Factors such as changing lifestyles, increasing urbanization, and a growing expatriate population are driving the demand for convenient and time-saving food options. There is also a rising trend towards healthier ready to eat food products, which is expected to open up new opportunities for market players. With advancements in technology and packaging techniques, the market is likely to see an increase in innovative products such as plant-based and gluten-free options.
According to Ravi Bhandari, Research Head, 6Wresearch, the instant breakfast/cereals segment is witnessing a high demand due to its convenience, quick preparation time, and the busy lifestyles of consumers.
In terms of distribution channels, hypermarkets/supermarkets segment dominates the market. These stores offer a wide range of products and discounts, making them a convenient and affordable option for consumers.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of The Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Bahrain Ready to Eat Food Market Overview |
3.1. Bahrain Ready to Eat Food Market Revenues, 2020-2030F |
3.2. Bahrain Ready to Eat Food Market Revenue Share, By Product Types, 2020 & 2030F |
3.3. Bahrain Ready to Eat Food Market Revenue Share, By Distribution Channels, 2020 & 2030F |
3.4. Bahrain Ready to Eat Food Market Revenue Share, By Countries, 2020 & 2030F |
3.5. Bahrain Ready to Eat Food Market Industry Life Cycle |
3.6. Bahrain Ready to Eat Food Market- Porter’s Five Forces |
4. Bahrain Ready to Eat Food Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Bahrain Ready to Eat Food Market Trends |
6. Bahrain Ready to Eat Food Market Overview, By Product Types |
6.1. Bahrain Ready to Eat Food Market Revenues, By Instant Breakfast/Cereals, 2020-2030F |
6.2. Bahrain Ready to Eat Food Market Revenues, By Instant Soups and Snacks, 2020-2030F |
6.3. Bahrain Ready to Eat Food Market Revenues, By Ready Meals, 2020-2030F |
6.4. Bahrain Ready to Eat Food Market Revenues, By Baked Goods, 2020-2030F |
6.5. Bahrain Ready to Eat Food Market Revenues, By Others, 2020-2030F |
6.6. Bahrain Ready to Eat Food Market Revenues, By Meat Products, 2020-2030F |
7. Bahrain Ready to Eat Food Market Overview, By Distribution Channels |
7.1. Bahrain Ready to Eat Food Market Revenues, By Online Retailers, 2020-2030F |
7.2. Bahrain Ready to Eat Food Market Revenues, By Convinieince Stores, 2020-2030F |
7.3. Bahrain Ready to Eat Food Market Revenues, By Hypermarkets/Supermarkets, 2020-2030F |
7.4. Bahrain Ready to Eat Food Market Revenues, By Others, 2020-2030F |
8. Bahrain Ready to Eat Food Market Overview, By Region |
8.1. Bahrain Ready to Eat Food Market Revenues, By Region, 2020-2030F |
8.2. Bahrain Ready to Eat Food Market Volume, By Region, 2020-2030F |
9. Bahrain Ready to Eat Food Market Key Performance Indicators |
10. Bahrain Ready to Eat Food Market Opportunity Assessment |
10.1. Bahrain Ready to Eat Food Market, Opportunity Assessment, By Product Types, 2030F |
10.2. Bahrain Ready to Eat Food Market, Opportunity Assessment, By Region, 2030F |
11. Bahrain Ready to Eat Food Market Competitive Landscape |
11.1. Bahrain Ready to Eat Food Market Competitive Benchmarking, By Product |
11.2. Bahrain Ready to Eat Food Market Revenue Share, By Company, 2023 |
12. Company Profiles |
13. Key Strategic Recommendations |
14. Disclaimer |