Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Carrot, Lettuce, Cabbage, Capsicum, Beans, Peas, and Others), Category (Organic and Conventional), and End User (Food Processing, Foodservice, and Food Retail)
No. of Pages:
88
|
Report Code:
BMIRE00029924
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Category:
Food and Beverages
The Saudi Arabia cut vegetables market size is projected to grow from US$ 1,082.76 million in 2022 to US$ 1,690.66 million by 2030. The market is expected to record a CAGR of 5.7% from 2022 to 2030.
Online channels such as e-commerce websites and social media platforms allow major companies to reach a broad consumer base. It offers consumers distinct cut vegetable choices in terms of product range, packaging, and brands from different regions. Online channels provide customers with varied options, thereby catering to different consumer preferences. Online sales allow companies to streamline the distribution of products and adjust inventory levels based on product demand data. This further allows key manufacturers to understand region-wise consumer preferences and optimize product offerings.
The pandemic further accelerated the growth of e-commerce, leading to a pertinent need for building warehouses across Saudi Arabia. The emergence of e-commerce has transformed how people shop and purchase food products. The growing penetration of the internet and smartphones, quick access to emerging technologies, rising purchasing power, and convenience provided by online retail shopping platforms are among the key factors bolstering e-commerce. Online retail channel bridges the gap between product manufacturers and consumers through direct delivery from their inventories to the global audience through express delivery options. Hence, the emergence of online sales channels would offer potential business opportunities to the cut vegetable manufacturers in the coming years.
The emphasis on organic cut vegetables also aligns with a desire for transparency in the food supply chain. Consumers are seeking information about the origins of their food, and the organic label assures that the produce has met specific standards of cultivation. This demand for transparency reflects a growing consciousness about the impact of food choices on personal well-being, environmental sustainability, and the local economy. According to Business Start Up Saudi Arabia, the number of organic farms increased by 28% in 2021, due to the country's US$ 200 million strategy for innovation plan. The plan aims to increase the capacity of organic farming by 300% in the coming years. The country also introduced a traceability mechanism to offer product transparency to consumers. Thus, growing preferences for organic cut vegetables are expected to create a potential business in the cut vegetables market during the forecast period.
Based on end user, the Saudi Arabia cut vegetables market is segmented into food processing, foodservice, and food retail. The food retail segment holds significant market share in 2022. The lifestyle of consumers has evolved due to hectic work schedules and rising dependency on convenience food, ready-to-use ingredients and ready-to-eat food. Convenience food ingredients allow household consumers to save time and effort associated with meal preparation, cooking, consumption, and post-meal activities. Due to hectic work schedules, consumers prefer to be efficient with their time and avoid tedious tasks. Some consumers are willing to pay a premium for specialty cuts and organic pre-cut vegetables, contributing to the overall growth of the market segment.
Almunajem Foods Co, Uhrenholt AS, Afdan Co, Grimmway Enterprises Inc, Ovochi, The Egyptian Saudi Food Industries Co, Del Monte Foods (UAE) FZE, Sunbulah Food & Fine Pastries Manufacturing Co Ltd, BRF SA, and Mondial Foods BV are among the key players operating in the Saudi Arabia cut vegetables market.
The overall Saudi Arabia cut vegetables market size has been derived using primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs; business development managers; market intelligence managers; national sales managers; and external consultants, including valuation experts, research analysts, and key opinion leaders, specializing in the Saudi Arabia cut vegetables market.
Saudi Arabia Cut Vegetables Strategic Insights
Strategic insights for the Saudi Arabia Cut Vegetables provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
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Saudi Arabia Cut Vegetables Report Scope
Report Attribute
Details
Market size in 2022
US$ 1,082.76 Million
Market Size by 2030
US$ 1,690.66 Million
Global CAGR (2022 - 2030)
5.7%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Type
Carrot
Lettuce
Cabbage
Capsicum
Beans
Peas
By Category
Organic
Conventional
By End User
Food Processing
Foodservice
Food Retail
Regions and Countries Covered
Saudi Arabia
Saudi Arabia
Market leaders and key company profiles
Almunajem Foods Co
Uhrenholt AS
Afdan Co
Grimmway Enterprises Inc
Ovochi
The Egyptian Saudi Food Industries Co
Del Monte Foods (U.A.E.) FZE
Sunbulah Food & Fine Pastries Manufacturing Co Ltd
BRF SA
Mondial Foods BV
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Saudi Arabia Cut Vegetables Regional Insights
The geographic scope of the Saudi Arabia Cut Vegetables refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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The List of Companies - Saudi Arabia Cut Vegetables Market
The List of Companies - Saudi Arabia Cut Vegetables Market
Almunajem Foods Co
Uhrenholt AS
Afdan Co
Grimmway Enterprises Inc
Ovochi
The Egyptian Saudi Food Industries Co
Del Monte Foods (U.A.E.) FZE
Sunbulah Food & Fine Pastries Manufacturing Co Ltd
BRF SA
Mondial Foods BV
Frequently Asked Questions
How big is the Saudi Arabia Cut Vegetables Market?
The Saudi Arabia Cut Vegetables Market is valued at US$ 1,082.76 Million in 2022, it is projected to reach US$ 1,690.66 Million by 2030.
What is the CAGR for Saudi Arabia Cut Vegetables Market by (2022 - 2030)?
As per our report Saudi Arabia Cut Vegetables Market, the market size is valued at US$ 1,082.76 Million in 2022, projecting it to reach US$ 1,690.66 Million by 2030. This translates to a CAGR of approximately 5.7% during the forecast period.
What segments are covered in this report?
The Saudi Arabia Cut Vegetables Market report typically cover these key segments-
Type (Carrot, Lettuce, Cabbage, Capsicum, Beans, Peas)
Category (Organic, Conventional)
End User (Food Processing, Foodservice, Food Retail)
What is the historic period, base year, and forecast period taken for Saudi Arabia Cut Vegetables Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Saudi Arabia Cut Vegetables Market report:
Historic Period : 2020-2021
Base Year : 2022
Forecast Period : 2023-2030
Who are the major players in Saudi Arabia Cut Vegetables Market?
The Saudi Arabia Cut Vegetables Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Almunajem Foods Co
Uhrenholt AS
Afdan Co
Grimmway Enterprises Inc
Ovochi
The Egyptian Saudi Food Industries Co
Del Monte Foods (U.A.E.) FZE
Sunbulah Food & Fine Pastries Manufacturing Co Ltd
BRF SA
Mondial Foods BV
Who should buy this report?
The Saudi Arabia Cut Vegetables Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Saudi Arabia Cut Vegetables Market value chain can benefit from the information contained in a comprehensive market report.
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WHAT'S INCLUDED IN FULL REPORT : Market Dynamics,
Competitive Analysis and Assessment, Define Business Strategies, Market Outlook and
Trends, Market Size and Share Analysis, Growth Driving Factors, Future Commercial
Potential, Identify Regional Growth Engines