Saudi Arabia Canned Food Market Facing Trouble Putting the Lid on Thinning Customer Base : Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit 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. 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. 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. For more information about the research report, refer to below link: https://www.kenresearch.com/food-beverage-and-tobacco/general-food/saudi-arabia-canned-food-market/149549-11.html Related Reports https://www.kenresearch.com/food-beverage-and-tobacco/general-food/philippines-food-ingredients-market/142452-11.html https://www.kenresearch.com/food-beverage-and-tobacco/general-food/global-organic-food-beverage-market/143540-11.html https://www.kenresearch.com/food-beverage-and-tobacco/general-food/india-edible-oil-market-2022/130172-11.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91-9015378249 Post Views: 7 Tags: Canned Cooking sauces Market Saudi Arabia, Canned Dairy Market Saudi Arabia, Canned Fish Market Saudi Arabia, Canned Food Business Model Saudi Arabia, Canned Food Manufacturer Saudi Arabia, Canned Food Market Dammam, Canned Food Market Jeddah, Canned Food Market Mecca, Canned Food Market Organized Sector KSA, Canned Food Market Riyadh, Canned Food Revenue Supermarkets Saudi Arabia, Canned Food Sales Bakalas Saudi Arabia, Canned Food Sales Fast Food Outlets Saudi Arabia, Canned Food Sales Hotels, Canned Food Sales Hypermarkets Saudi Arabia, Canned Food Trade Saudi Arabia, Canned Fruits and Vegetables Market Saudi Arabia, Canned Legumes and Beans Market Saudi Arabia, Canned Meat Market Saudi Arabia, Company Profiles Major Players Canned Food KSA, Competition Canned Food Market Saudi Arabia, Customer Profile Canned Food Saudi Arabia, Demand Canned Food Saudi Arabia, Export Sales Canned Food Saudi Arabia, KSA Packaged Food Market, Major Players Canned Food Saudi Arabia, Recommendation Canned Food Revenue Saudi Arabia, Restaurants Catering Companies KSA, Retail Canned Food Sales Saudi Arabia, Revenue Major Players Canned Food Saudi Arabia, Saudi Arabia Canned Food Industry Future, Saudi Arabia Canned Food Industry Trends, Saudi Arabia Canned Food Market, Saudi Arabia Canned Food Regional Sales, Saudi Arabia Canned Food Sales, Saudi Arabia Ready to Eat Industry, SFDA Regulations Canned Food Saudi Arabia, SWOT Canned Food Saudi Arabia, SWOT أطعمة معلبة المملكة العربية السعودية, Trends Canned Food Market KSA, أبرز اللاعبين الأغذية المعلبة المملكة العربية السعودية, البيع بالتجزئة لمبيعات الأغذية المعلبة المملكة العربية السعودية, المملكة العربية السعودية جاهزة للأكل الصناعة, المملكة العربية السعودية سوق المواد الغذائية المعلبة, المملكة العربية السعودية لصناعة الأغذية المعلبة, توصية بإيرادات الأغذية المعلبة بالمملكة العربية السعودية, سوق الأغذية المعلبة في القطاع المنظم في المملكة العربية السعودية, سوق الألبان المعلبة المملكة العربية السعودية, مبيعات الأغذية المعلبة