Saudi Arabia Frozen Food Market Size & Outlook, 2023-2030
Saudi Arabia frozen food market, 2018-2030 (US$M)
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Saudi Arabia frozen food market highlights
- The Saudi Arabia frozen food market generated a revenue of USD 2,068.4 million in 2023 and is expected to reach USD 2,750.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, frozen desserts was the largest revenue generating product in 2023.
- Fruits & Vegetables is the most lucrative product segment registering the fastest growth during the forecast period.
Frozen food market data book summary
| Market revenue in 2023 | USD 2,068.4 million |
| Market revenue in 2030 | USD 2,750.0 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Frozen desserts |
| Fastest growing segment | Fruits & Vegetables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fruits & Vegetables, Potatoes, Ready Meals, Meat, Fish/Seafood, Frozen Desserts, Bakery Products |
| Key market players worldwide | Nestle SA, Unilever PLC ADR, General Mills Inc, Nomad Foods Ltd, Tyson Foods Inc Class A, Conagra Brands Inc, Wawona Frozen Foods, Bellisio Foods, Kellogg's, Kraft Foods Group |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.4% of the global frozen food market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa frozen food market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,750.0 million by 2030.
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Frozen Food Market Scope
Frozen Food Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia frozen food market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to frozen food market will help companies and investors design strategic landscapes.
Frozen desserts was the largest segment with a revenue share of 24.02% in 2023. Horizon Databook has segmented the Saudi Arabia frozen food market based on fruits & vegetables, potatoes, ready meals, meat, fish/seafood, frozen desserts, bakery products covering the revenue growth of each sub-segment from 2018 to 2030.
Overcoming these cultural preferences presents a notable challenge for industry players. Moreover, ensuring the integrity of the cold chain and maintaining the quality of frozen products during transportation poses specific challenges, particularly given the country's diverse climates and extensive distances.
The Saudi Food and Drug Authority (SFDA) plays a crucial role in regulating the frozen food sector and establishing standards for food safety and quality. It ensures that products meet the necessary standards and comply with SFDA regulations, which is essential for companies operating in the Saudi frozen food market.
Many new players are entering the frozen food market in Saudi Arabia by gaining insight into consumer attitudes toward chilled and processed food consumption. They aim to appeal to consumers by introducing frozen meals, desserts, and baked goods that cater to their unique preferences.
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Target buyers of Saudi Arabia frozen food market databook
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Our clientele includes a mix of frozen food market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia frozen food market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia frozen food market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia frozen food market size, by product, 2018-2030 (US$M)
Saudi Arabia Frozen Food Market Outlook Share, 2023 & 2030 (US$M)
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