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

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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.

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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.

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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.

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• 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 UsKen ResearchAnkur Gupta, Head
  Marketing Communicationssales_at_kenresearch.com
• 91-9015378249

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