Saudi Arabia Frozen Food Market (2024-2030) | Size, Share, segmentation, Revenue, Analysis, Forecast, industry, Outlook & COVID-19 IMPACT

Latest 2023 Development of the Saudi Arabia Frozen Food Market

Saudi Arabia Frozen Food Market is accomplishing tremendous growth on the back of several growth factors. Increasing disposable income enables consumers to spend more on high-quality frozen food products that offer time-saving benefits. Additionally, Saudi Arabia has a growing population, which is driving demand for frozen food products among the population. Also, the retail sector is expected to gain momentum with the entry of international retailers and the expansion of existing players. Nowadays, there is an increasing number of working women with busy lifestyles who are looking for quick and easy meal solutions. In response to this, Frozen food products offer a convenient and hassle-free option for consumers who are looking for healthy and delicious meals.

Moreover, technological advancements in food processing and packaging are leading to the development of new and innovative frozen food products that are meeting the evolving needs of consumers. In general, the population of Saudi Arabia is also becoming urbanized as more people are shifting to cities and leading busy lifestyles. This trend has led to an increased demand for the frozen food industry in Saudi Arabia. Apart from this, consumers are becoming more health-conscious which led to a growing demand for frozen food products that are low in salt, fat, and sugar. Frozen food companies in Saudi Arabia are investing in research and development to create new and innovative products that appeal to consumers. This includes the development of new flavours, packaging, and cooking methods.

Saudi Arabia Frozen Food Market Highlights

Report Name	Saudi Arabia Frozen Food Market
Forecast period	2024-2030
CAGR	7.2%
Growing Sector	Retail

Topics Covered in Saudi Arabia Frozen Food Market Report

Saudi Arabia Frozen Food Market report thoroughly covers the market by Products, Consumption, Types, 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.

Saudi Arabia Frozen Food Market Synopsis

The Saudi Arabia Frozen Food Market is experiencing notable expansion, driven by the rising demand for convenient and ready-to-eat food products among busy consumers.

According to 6Wresearch, the Saudi Arabia Frozen Food Market is projected to grow at a CAGR of 7.2% from 2024-2030. The retail sector is showing the strongest growth, propelled by the increasing popularity of convenience foods and the busy lifestyles of urban consumers. Additionally, the growing trend of online food delivery services is significantly contributing to market growth. The demand for high-quality frozen fruits, vegetables, and ready meals is also increasing due to the rising awareness of health and nutrition.

However, the market faces challenges such as the perception of frozen foods being less nutritious compared to fresh products, which can deter some health-conscious consumers. Moreover, the high cost of refrigeration and storage infrastructure can be a barrier for smaller retailers and distributors. Another challenge is the fluctuation in raw material prices, which can impact the cost and availability of frozen food products.

Saudi Arabia Frozen Food Market: Leading Players

Leading players in the Saudi Arabia Frozen Food Market include Al Kabeer Group, Sunbulah Group, and Americana Group. Al Kabeer Group is well-known for its wide range of frozen meat and seafood products, catering to both retail and food service sectors. Sunbulah Group specializes in frozen bakery products and ready meals, offering a diverse portfolio to meet the varied tastes of consumers. Americana Group is a prominent player in the convenience food segment, providing a variety of high-quality ready-to-eat products.

Saudi Arabia Frozen Food Industry: Government Initiatives

The Saudi government has undertaken various initiatives to support the frozen food industry. These include efforts to improve cold chain infrastructure and reduce import tariffs on frozen food products. Moreover, the introduction of food safety standards and regulations by the government authorities to guarantee quality along with safe frozen foods. This growth can be attributed to the investments done by developers on building modern retail infrastructure and facilitating small food producers. Besides which initiatives to bolster consumer awareness about the advantage of frozen foods will stimulate all market expansion.

Future Insights of the Market

The Saudi Arabia Frozen Food Market is anticipated to witness significant growth over the next five years. Market growth is expected to be driven by technological advancements in freezing and packaging techniques. The increasing inclination towards healthy and convenient food options, coupled with the rising demand for smart and eco-friendly refrigeration solutions, is expected to boost the sales of frozen food products. In addition to this, the food service industry will maintain its importance as more restaurants and cafes offer a variety of frozen menu items. Moreover, growth opportunities are significant within the retail segment as more consumers opt for high-quality frozen foods for their convenience and nutritional value. In brief, growth will be driven by innovation and sustainability-oriented focus in the market.

Market Segmentation By Products

According to Ravi Bhandari, Research Head, 6Wresearch, fruits and vegetables, along with dairy products, are leading the market due to their widespread use in everyday meals and the rising trend of healthy eating habits.

Market Segmentation By Consumption

The retail sector is gaining a huge demand these days because of its accessibility and the growing preference for home-cooked meals using frozen ingredients.

Market Segmentation By Types

Ready-to-eat products hold the largest market share due to their convenience and time-saving benefits, especially for working professionals and busy households.

Market Segmentation By Distribution Channels

Offline channels, including supermarkets and hypermarkets, remain dominant due to their extensive reach and consumer trust in the quality of products available.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Saudi Arabia Frozen Food Market Overview
• Saudi Arabia Frozen Food Market Outlook
• Saudi Arabia Frozen Food Market Forecast
• Saudi Arabia Frozen Food Market Size
• Historical Data of Saudi Arabia Frozen Food Market Revenues, for the Period 2020-2030
• Saudi Arabia Frozen Food Market Forecast of Revenues, Until 2030
• Historical Data of Saudi Arabia Frozen Food Market Revenues, by Products, for the Period 2020-2030
• Market Size & Forecast of Saudi Arabia Frozen Food Market Revenues, by Products, until 2030
• Historical Data of Saudi Arabia Frozen Food Market Revenues, by Consumption, for the Period 2020-2030
• Market Size & Forecast of Saudi Arabia Frozen Food Market Revenues, by Consumption, until 2030
• Historical Data of Saudi Arabia Frozen Food Market Revenues, By Types, for the Period 2020-2030
• Market Size & Forecast of Saudi Arabia Frozen Food Market Revenues, By Types, until 2030
• Historical Data of Saudi Arabia Frozen Food Market Revenues, by Distribution Channels, for the Period 2020-2030
• Market Size & Forecast of Saudi Arabia Frozen Food Market Revenues, by Distribution Channels, until 2030
• Market Drivers and Restraints
• Saudi Arabia Frozen Food Market Trends
• Market Opportunity Assessment
• Saudi Arabia Frozen Food Market Share, By Players
• Saudi Arabia Frozen Food Market Share, By Regions
• Saudi Arabia Frozen Food Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Products

• Fruits And Vegetables
• Dairy Products
• Bakery Products
• Meat And Seafood Products
• Convenience Food And Ready Meals

By Consumption

• Food Service
• Retail

By Types

• Raw Material
• Half-Cooked
• Ready To Eat

By Distribution Channels

• Online
• Offline