July 20, 2020
As per the report titled ‘Middle East Canned Food Market Analysis, 2020’, available with Market Study Report LLC, Middle East canned food market is projected to expand with a y-o-y growth rate of 3.5% over 2020-2025.
Ever changing lifestyle and food preferences of consumers are the primary growth drivers of Middle East canned food market, as per the report. However, shutdown of markets and retail outlets, along with delivery restrictions in the first half of 2020 due to the COVID-19 pandemic are projected to impact market growth in the following two years.
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In terms of distribution channel, Middle East canned food market is bifurcated into hypermarkets and supermarkets, which garnered notable returns in 2019. Although, these channels will witness a decline in revenue as consumer shift towards online sales channels ever since the onset of COVID-19 lockdown.
Geographically, canned food market share in Saudi Arabia, UAE and Qatar will witness a steady rise over 2020-2025, majorly driven by high disposable income and increased consumption of exotic canned packed beans and Ful medames in these nations.
Leading organizations in Middle East canned food market are Campbell, Dole Food, Del Monte, Nestle, Conagra, Bolton Group, and Kraft Heinz.