Boost in the Consumption of Convenience Food Products Leading to the Growth of Middle East Canned Food Market

The Middle East Canned Food market is growing at a steady rate owing to major factors such as boost in the consumption of convenience food products, easy availability of various packaged foods, and rapid urbanization in countries such as the UAE and Saudi Arabia. Moreover, burgeoning demand for ready-to-eat food items due to a rise in working women populace, growing number of retail formats, and extensive consumption of canned food are resulting in a positive impact toward the growth of the market in the forecast period.

According to MarkNtel Advisors’ research report titled “Middle East Canned Food Market Analysis, 2020”, the Middle East Canned Food market is anticipated to grow at a CAGR of around 3.50% during 2020-25. Based on type, the demand for organic food is surging at a robust rate on an account of growing awareness among people regarding the side effects of chemical and artificial coloring and flavor in the regular food and rising inclination toward pro-organic food, which has increased the number of organic food stores in countries such as the UAE. Due to this, the demand for organic food is anticipated to attain highest CAGR in the forecast period.

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“Middle East Canned Food Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for Canned Food providers across the region. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

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UAE acquired the significant market share in the Middle East canned food market in 2019. The growth is attributed to rising demand for organic food among people, a busy lifestyle which is further increasing the need for convenience, a growing working female population, escalating number of nuclear households, and rising disposable income, which is escalating the demand for high quality products in the country.
Based on distribution channel, online segment is growing at an astronomical rate in 2020 due to the COVID-19 pandemic, which has temporarily shut down numerous hypermarkets and supermarkets and has increased the online sales of the food due to lockdown imposition. The easy delivery services and accessibility of various discounts offered on these have led to the growth of online sales in the region as stated in MarkNtel Advisors’ research report “Middle East Canned Food Market Analysis, 2020”.

According to MarkNtel Advisors, the key players with a considerable market share in the Middle East Canned Food market include Kraft Heinz, Bolton Group, Conagra, Nestle, Del Monte, Dole Food, Cambell, etc.
Market Segmentation:
1. By Product (Meat Products, Fish/Seafood, Vegetables, Fruits, Ready Meals, Others (cooking sauces, desserts, etc.)
2. By Type (Organic, In-Organic)
3. By Distribution Channel (Online Retailers, Convenience Stores, Hypermarkets/Supermarkets, Others)
4. By Region (UAE, Saudi Arabia, Kuwait, Qatar, Oman, Bahrain, Turkey, Others),
5. By Company (Kraft Heinz, Bolton Group, Conagra, Nestle, Del Monte, Dole Food, Cambell, Others, etc)

Key questions answered in the study:
1. What are the current and future market trends of the Canned Food industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Canned Food industry?
5. What are the customer orientation, purchase behavior, and expectations from the Canned Food firms across various regions?

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