The convenience food market in Saudi Arabia was valued at 3.21 billion USD in 2016 (calculated in retail selling prices). From 2016 to 2020, it grew at a compound annual growth rate (CAGR) of 2.29% to reach 3.52 billion USD. The market is segmented into ready meals and soups and broths. In 2020, the segments recorded shares of 80% and 20%, respectively.
In 2016, the per capita consumption value of convenience food in Saudi Arabia was 99.03 USD (in retail prices). Until 2020, the consumption increased at a CAGR of 0.50% to reach 101.02 USD. That was higher than the average value for Middle East, whose per capita consumption of convenience food was equal to 94.64 USD in 2020.
The market research report presents a strategic analysis of the market and a forecast for its development in the medium term. The research study provides a comprehensive overview of the market:
- Volume and value size and dynamics,
- Structure and characteristics;
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- Trends and challenges;
- Growth and demand drivers;
- Consumption and prices;
- Imports and exports;
- Forecast for development.
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