Consumer and Market Insights: Savory & Deli Foods Market in Saudi Arabia

05 Nov, 2015, Navi Mumbai, India: Marketreportsonsaudiarabia.com presents a new report on “Consumer and Market Insights: Savory & Deli Foods Market in Saudi Arabia” The Savory Baked Goods category leads the Savory & Deli Foods market in Saudi Arabia, while the Prepared Salads is forecast to be the fastest growing category during 2014-2019.

Consumer and Market Insights: Savory & Deli Foods Market in Saudi Arabia High disposable income and large base of young consumer in Saudi Arabia will fuel growth in the Savory & Deli Foods market. The Savory Baked Goods category leads the Savory & Deli Foods market in Saudi Arabia, while the Prepared Salads is forecast to be the fastest growing category during 2014-2019. Hypermarkets & Supermarkets was the leading distribution channel for Savory & Deli food products, followed by Convenience Stores in 2014.

Key Findings

• Across the seven Savory & Deli Foods categories analyzed, Savory Baked Goods will remain the largest as well as fastest growth category in both value and volume terms, while the Prepared Salads category is expected to register fastest value growth at a CAGR of 5.5% during 2014-2019

• The Savory & Deli Foods market in Saudi Arabia is highly fragmented with a little competition in the Fermented Meats, Pies & Savory Appetisers and Savory Baked Goods categories. The market players in the Saudi Arabian Savory & Deli Foods market includes market players like Al Watania Agri, Americana Group and Sunbulah Co. which together account for 22.0% average market share in 2014

• Hypermarkets & Supermarkets with a 62.3% share in distribution of Savory & Deli Foods products holds a dominant position across all distribution channels

• Use of Bag/Sachet container type will grow at a CAGR of 4.1% during 2014-2019, supported by increasing demand across Pies & Savory Appetisers and Savory Baked Goods products

Synopsis

The report on the Savory & Deli Foods market in Saudi Arabia provides insights on high growth...