Canned Food Market Organized Sector KSA, Sales Hotels, Restaurants Catering Companies, Fast Food Outlets Saudi Arabia, SWOT Canned Food Saudi Arabia : Ken Research - PowerPoint PPT Presentation

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Canned Food Market Organized Sector KSA, Sales Hotels, Restaurants Catering Companies, Fast Food Outlets Saudi Arabia, SWOT Canned Food Saudi Arabia : Ken Research

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The canned food market in Saudi Arabia is about a 100 year old market. Most canned food companies in KSA were established in the late 1900s. Growth was seen in this market in its initial years due to the convenience canned food provided in terms of storage as well as cooking. – PowerPoint PPT presentation

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Title: Canned Food Market Organized Sector KSA, Sales Hotels, Restaurants Catering Companies, Fast Food Outlets Saudi Arabia, SWOT Canned Food Saudi Arabia : Ken Research


1
  • Saudi Arabia Canned Food Market Facing Trouble
    Putting the Lid on Thinning Customer Base Ken
    Research

2
Product and Packaging Innovation in Canned Food
Market
  • According to Chitwan Tayal, Market Research
    Associate at Ken Research, Canned food market
    can be aided by introduction of new product
    categories and investment in packaging
    innovation. Organic food can be introduced in
    canned form to deliver health with convenience.
    Additionally, packaging innovation can be carried
    out in terms of non-BPA cans, recyclable cans and
    differentiated labeling based on target
    audience.
  • Ken Research estimates that the canned food
    market in Saudi Arabia is expected to grow at
    CAGR of 1.9 for the next five years to reach
    around USD 509.9 million by 2022.
  • Genesis of Canned Food Market
  • The canned food market in Saudi Arabia is about a
    100 year old market. Most canned food companies
    in KSA were established in the late 1900s.
    Growth was seen in this market in its initial
    years due to the convenience canned food provided
    in terms of storage as well as cooking. Over
    time, however, the reach of fresh products has
    expanded in KSA and consumers have started opting
    for these over canned food products as these are
    perceived to be healthier. Growth in the market
    has become stagnant and is likely to grow at a
    subdued rate in the future.

3
Matured Stage of Canned Food Sector in KSA
  • Canned food market in KSA is currently in its
    mature stage. There are very limited product
    innovations happening and companies are having
    trouble retaining customers. Product categories
    available in the canned food market include
    canned dairy, canned fish, canned meat, canned
    fruits and vegetables, canned legumes and beans
    and canned cooking sauces. Of these, canned dairy
    is the leading product category. Canned food
    market in Saudi Arabia has grown at a CAGR of
    3.1 in the past 5 years.
  • Saudi Arabia canned food market is concentrated
    in nature. There are a limited number of large
    domestic players dominating the market. The major
    players in the canned food market in Saudi Arabia
    include Saudi Goody Products Marketing Company
    Ltd., Gulf Food Industries California Garden,
    Almarai Co., Luna (NFIC), Saudia Dairy and
    Foodstuff Company (SADAFCO), Del Monte Saudi
    Arabia Ltd., Al-Wedyan National Company for Food
    Products Ltd., Al-Alali and AKH Foods. Canned
    food companies compete on the basis of various
    factors including price of products, product
    differentiation and location of their
    distribution depots.

4
Revival in Demand from End User Segments
  • Growth in institutional end user segments such as
    hotels, restaurants and fast food outlets will be
    a major source of demand for canned food products
    in the future. Saudi Arabia has shifted its focus
    to investments in the tourism sector to reduce
    its dependence on revenues from oil. Canned food
    products are also in demand by catering companies
    supplying meals to Hajj and Umrah pilgrims. The
    pilgrims were 2.4 million in number in 2017.
  • Demand for canned food is likely to be adversely
    affected by the NITAQAT scheme and Saudization.
    This is because this scheme is leading to exit of
    expatriates, which are major end users for canned
    food, in large numbers. Negative perception of
    healthiness of canned food is also affecting the
    market negatively. Consumers are increasingly
    opting for fresh and frozen products over canned
    substitutes.

5
  • For more information about the research report,
    refer to below link
  • https//www.kenresearch.com/food-beverage-and-toba
    cco/general-food/saudi-arabia-canned-food-market/1
    49549-11.html
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  • Contact Us Ken Research Ankur Gupta, Head
    Marketing Communications sales_at_kenresearch.com
  • 91-9015378249

6
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