Gmi Research

 The Saudi Arabia ready meals market share is expected to witness substantial growth from 2023 to 2030, driven by changes in consumer behavior, economic diversification, and technological advancements. As the Kingdom continues to modernize and urbanize, the market for convenient and ready-to-eat food solutions is expanding rapidly. This article explores the factors contributing to the increasing market share of ready meals in Saudi Arabia and provides insights into future trends and opportunities. Economic Diversification and Urbanization Saudi Arabia's Vision 2030 is a pivotal factor influencing the ready meals market share. The initiative aims to diversify the economy away from oil dependence, fostering growth in various sectors, including food and beverage. As part of this strategy, investments in local food production and processing are increasing, boosting the availability and variety of ready meals. Urbanization is another critical driver. With more Saudis moving to urban ce...

  Saudi Arabia Ready Meals Market is expected to grow at a CAGR of 6.7%, during the forecast period (2019-2026). The factors driving growth of the Saudi Arabia Ready Meals Market includes increasing consumers inclination towards adopting healthy lifestyles, rise in the volumes of food ordered through online platforms, growing demand for international food and foreign cuisines and improvements in the living standards. For instance, the revenue generated by online food delivery across Saudi Arabia is expected to reach USD 7.90 billion by the end of 2022, growing at a CAGR of 12.50% over the forecast period (2022-2027), which is expected to accelerate the Saudi Arabia Ready Meals Market Growth in the approaching years. Moreover, rising influence of western culture across Saudi Arabia, growing popularity of frozen or chilled food items, increasing adoption of advanced technologies by manufacturers and rapid urbanization, are some of the additional factors supplementing the Saudi Arab...