Cooking ingredients and meals in 2024: The big picture
Cooking ingredients and meals is set to see growth in both volume and value terms in Saudi Arabia in 2024. Stronger domestic income, more women participating in the paid workforce, a rising population through a continuous influx of expatriates into the country, and a healthy economy with flourishing tourism rates are all factors that have supported the growth of cooking ingredients and meals in the Kingdom.
Key trends in 2024
Multiple trends have influenced the development of the market for cooking ingredients and meals in Saudi Arabia in 2024, including health and wellness, polarisation between premiumisation and budget-friendly alternatives, and growing demand for convenience. At the same time, cooking ingredients and meals is positively impacted by ongoing changes within the economy and governmental support programmes to align with the Saudi Vision 2030.
Competitive landscape
The competitive landscape in cooking ingredients and meals is remaining stable in Saudi Arabia in 2024. The most noticeable change is the growth of both local brands and private labels, which have witnessed a surge in their popularity and availability as a result of their strong supply and low prices.
Channel developments
Modern grocery outlets, notably supermarkets and hypermarkets, continue to dominate the retail distribution landscape for cooking ingredients and meals in Saudi Arabia in 2024, thanks to their broad coverage of all household supplies – not only packaged food. Promotional activities have been another key attraction for consumers.
What next for cooking ingredients and meals?
The market for cooking ingredients and meals in Saudi Arabia is expected to register steady expansion in volume terms over the forecast period, alongside increasingly busy lifestyles. Increasing participation in the paid workforce, thanks to increasing employment opportunities for Saudi Arabian nationals, especially women, will have a positive impact on household spending, as well as demand for convenient, time-saving meal solutions.
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Overview:
Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Saudi Arabia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Cooking Ingredients and Meals industry in Saudi Arabia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Cooking Ingredients and Meals in Saudi Arabia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Cooking Ingredients and Meals in Saudi Arabia?
- Which are the leading brands in Cooking Ingredients and Meals in Saudi Arabia?
- How are products distributed in Cooking Ingredients and Meals in Saudi Arabia?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Cooking Ingredients and Meals?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Saudi Arabia?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Cooking Ingredients and Meals in Saudi Arabia
Cooking ingredients and meals in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for cooking ingredients and meals?
DISCLAIMER
Edible Oils in Saudi Arabia
KEY DATA FINDINGS
Edible oils grows through affordability and bigger packs
Olive oil prices rise as supply challenges arise
Private labels grow as prices rise
Edible oils expected to see growth over forecast period
Organic variations to appear serving health conscious consumers as prices rise
SAVOLA to retain lead, while e-commerce is expected to expand
Meals and Soups in Saudi Arabia
KEY DATA FINDINGS
Frozen pizza leads growth in the category
Private labels gaining a stronger presence
Soup continues to grow in popularity with dry varieties retaining their dominance
Health and wellness to shape the future of meals and soups
Private labels to gain share
Healthy growth expected for frozen ready meals and pizza in the Saudi Arabian market
Sauces, Dips and Condiments in Saudi Arabia
KEY DATA FINDINGS
Healthy growth for sauces, dips and condiments
Innovation in flavours and loyalty to brands
Herbs and spices reflects growth as the market expands
Innovations to shape the future of sauces, dips and condiments
Digitalisation to provide stronger possibilities
Private labels to grow, local brands to appear, while discounters gain stronger share
Sweet Spreads in Saudi Arabia
KEY DATA FINDINGS
Growth supported by demand for convenience
Honey benefits from health and wellness trend, while chocolate spreads leads growth
Nut and seed based spreads enjoys rising demand
Manufacturers of sweet spreads embrace health conscious trends
Government supports honey production in the Kingdom as part of vision 2030
Private labels to grow in popularity in sweet spreads
The following categories and subcategories are included:
Cooking Ingredients and Meals
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- Olive Oil
- Corn Oil
- Palm Oil
- Rapeseed Oil
- Soy Oil
- Sunflower Oil
- Other Edible Oil
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- Dried Ready Meals
- Shelf Stable Ready Meals
- Chilled Ready Meals
- Frozen Ready Meals
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- Dry Soup
- Shelf Stable Soup
- Chilled Soup
- Frozen Soup
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- Chilled Pizza
- Frozen Pizza
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- Meal Kits
- Quick Recipe Kits
- Chilled Lunch Kits
- Prepared Salads
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- Liquid Stocks and Fonds
- Stock Cubes and Powders
- Gravy Cubes, Powders and Pots
- Monosodium Glutamate
- Herbs and Spices
- Tomato Pastes and Purées
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- Liquid Recipe Sauces (excl pasta sauces)
- Dry Recipe Sauces
- Pasta Sauces
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- Barbecue Sauces
- Fish Sauces
- Ketchup
- Mayonnaise
- Mustard
- Oyster Sauces
- Salad Dressings
- Soy Sauces
- Chili Sauces
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- Dips
- Yeast-based Spreads
- Pickled Products
- Other Sauces and Condiments
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- Honey
- Chocolate Spreads
- Jams and Preserves
- Nut and Seed Based Spreads
Why buy this report?
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This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
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