Market Size of Saudi Arabia Ready Meals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.56 % |
| Market Concentration | High |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Ready Meals Market Analysis
The Saudi Arabia Ready Meals Market size is anticipated to grow from USD 27.53 million in 2023 to USD 32.79 million by 2028, at a CAGR of 3.56% during the forecast period (2023-2028).
In recent years, ready-to-eat food has evolved into one of the most diverse segments of the ready-meal industry. On-the-go eating options with organic food products offered by manufacturers for consumers are one of the emerging trends in the country as they provide everything from frozen sweets to appetizers and meals. Consumers are interested in consuming organic frozen-ready meals as they are free of microbiological and fungal contamination. The nutritional and health benefits of organic frozen ready meals have led to the demand for products in the country.
The GCC population is booming, and the middle-class population has been expanding rapidly over the years, driven by a sizeable number of expatriates who account for 52% of the region's population. According to the World Bank, Saudi Arabia has a significant population in the Middle Eastern region, with over 36 million residents in 2021, growing at an annual rate of 2.0%. People are influenced by global consumer trends, driving the demand for international food and foreign cuisines through HRI and packaged formats in retail. This factor is boosting the country's ready meals market.
While the continuous influx of expatriates from different geographies may introduce diverse cuisines in the region, growing awareness of healthy eating habits may boost the demand for organic ingredients-infused ready meals in the country.
