If your self assessment tax return is still hanging over you, it’s worth getting cracking now
Saudi Arabian Canned Food Market Canned Corned Beef
Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "Saudi Arabia Canned Food Market - Forecasts from 2023 to 2028" report has been added to ResearchAndMarkets.com's offering. A comprehensive research publication focusing on the Saudi Arabia canned food market has been released and is now available on our website. This in-depth analysis projects a significant growth trend, anticipating a robust compound annual growth rate (CAGR) of 3.55% from 2021 to 2028. This surge in growth is set to propel the market value to US$1,132.689 million by the end of the forecast period, up from US$887.449 million in 2021.
The Saudi Arabian economy, known as the Arab world’s powerhouse, is witnessing a substantial escalation in its food processing industry. Noteworthy investments expected to peak at $70 billion by 2030, representing a 59% increase over investment figures from 2016. The continued robustness of the food sector, as highlighted by Ministry officials projecting a $20 billion growth by 2035, is anticipated to stimulate the canned food market extensively, particularly within key industries such as beverages, dairy, and ready-to-eat sectors.
Factors Contributing to Market Growth
Urbanization and Modern Retail: The urban population's upsurge, coupled with a spike in female labor participation and widening income allocation for food expenditures, forms a solid foundation for market expansion. Modern retail infrastructures, like supermarkets and hypermarkets, are becoming more prevalent in urban localities, offering consumers a diversified range of canned food options.
Tourism and Hospitality Sector Expansion: An elevating focus on tourism - aiming to reduce dependence on the oil industry - has initiated extensive hotel development projects. This bolstering of the hospitality segment promises to heighten canned food consumption within the Kingdom.
Online Distribution Channel Prosperity: With a near-ubiquitous internet usage rate at 100% and escalating smartphone penetration, online shopping platforms are thriving. These channels offer convenience and variety, echoing the upmarket lifestyle and technological embracement of the Saudi population.
Developments within the market illustrate innovation and responsiveness to consumer needs. Siwar Foods, for example, has recently unveiled a gourmet meal line catering to health-conscious consumers seeking convenience without compromising on taste. Market Segmentation Insights The report details a segment-wise analysis of the market, covering both organic and inorganic product types, and delves into various categories such as canned meats, fish/seafood, fruits and vegetables, beans, and legumes, providing an exhaustive overview of the market’s intricacies. This segmentation extends to the exploration of various distribution channels, including emerging online platforms and traditional offline venues, with supermarkets and convenience stores at the forefront. The findings within this publication offer essential strategies for stakeholders in understanding and harnessing the potential of the Saudi Arabia canned food market. Key developments, growth drivers, and comprehensive market insights discussed in the report underscore the significance of adapting to evolving consumer preferences and technological advancements in the Kingdom's food sector. For more nuanced data, trend analysis, and market projections, the full report on the Saudi Arabia canned food market can be accessed on our website, providing invaluable information to investors, policymakers, and industry players poised to make informed decisions in this dynamic market space. Key Attributes:
Estimated Market Value (USD) in 2021
Forecasted Market Value (USD) by 2028
Del Monte Saudi Arabia Company Limited
For more information about this report visit https://www.researchandmarkets.com/r/xku4im
About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Saudi Arabian Canned Food Market
Elon Musk is not entitled to landmark compensation package awarded by Tesla’s board of directors that is potentially worth more than $55 billion, a Delaware judge ruled Tuesday. The ruling by Chancellor Kathaleen St. Jude McCormick comes more than five years after a shareholder lawsuit targeted Tesla CEO Musk and directors of the company. The shareholder's lawyers argued that the compensation package should be voided because it was dictated by Musk and was the product of sham negotiations with directors who were not independent of him.
STORY: United Airlines has been one of the biggest victims of the turmoil at Boeing. Dozens of its 737 MAX 9 jets were grounded following the midair blowout of a large panel on one operated by Alaska Airlines. Now United also faces delays in getting new planes, after the incident raised doubts over regulatory approval for a new model of the MAX, for which it has placed big orders. The chaos has the airline considering its options. Reuters sources say Chief Executive Scott Kirby flew to France for talks with Airbus. He’s said to be sounding out the possibility of an order for its A321neo jets. Trouble is, they’re in hot demand, and all but sold out for years to come. However, Bloomberg News says Airbus is trying to buy back delivery slots from other airlines in a bid to construct a viable offer. United has 277 Boeing Max 10 jets on order. That’s a larger variant than the one in the blowout drama, but could still be affected by the troubles at Boeing. Kirby said last week that United hadn’t cancelled the order, but he added that the U.S. planemaker wouldn’t be able to meet the contracted delivery dates on many of the aircraft. Signs of a possible Airbus deal have reportedly raised concern at Boeing, which shares historical roots with United. But Monday later brought hope of a silver lining. Irish budget airline Ryanair - one of Boeing's biggest customers - said it would take over any MAX 10 orders dropped by U.S. carriers.
Toyota has retained its lead as the world’s biggest automaker by sales, beating German rival Volkswagen for the fourth consecutive year.
Toyota's chairman said Tuesday he was "ashamed" of recent scandals involving subsidiaries of the Japanese auto giant, as the firm announced record vehicle sales of 11.2 million across its brands last year.- EV targets - Scandals involving subsidiaries "could potentially have repercussions on Toyota's overall reputation, especially if there are concerns about corporate governance or ethical practices," Tatsuo Yoshida, an auto analyst at Bloomberg Intelligence, told AFP. "However, there are millio
The sector has experienced the highest number of bankruptcies of any industry in the UK for the past three years.
The Rolls-Royce share price keeps climbing despite some alarming risks on the balance sheet. I’m now wondering just how high it can go? The post Up 185% in a year, can the Rolls-Royce share price go higher? Some analysts think so! appeared first on The Motley Fool UK.
Fake reviews will be added to a list of banned business practices, the Department for Business and Trade said.
(Bloomberg) -- International Business Machines Corp. delivered a companywide ultimatum to managers who are still working remotely: move near an office or leave the company.Most Read from BloombergMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneMusk Says First Neuralink Patient Received Implant in BrainMicrosoft Sales Top Estimates; Cloud Growth Disappoints SomeTech Giants Slide in Late Trading After Earnings: Markets WrapUPS CEO Kicks Off Productivity Drive by Cutting 1
A popular York city centre shop has closed after a decade in business.
American Airlines was sued on Monday in a proposed class action by two customers who said the carrier stripped them of 1.1 million frequent flier miles after they doubled up on credit cards offering mileage bonuses. Ari and Shanna Nachison said American wrongly accused them of fraud for opening multiple AAdvantage accounts, with cards issued under co-branding arrangements with Citibank and Barclays. The Los Gatos, California residents said that while some card applications prevented multiple mileage bonuses within a 48-month period, theirs did not, and it remained unclear why American closed their accounts in early 2020.
“I don’t give a flying sh-t about your workout class,” the TikToker said. But users were quick to defend the Gen Z worker’s right to a life outside of work.
(Bloomberg) -- Saudi Arabia’s reversal of plans to bolster its oil production capacity has raised questions about the future of demand, but it points to another long-running risk to the kingdom’s energy petroleum revenue — rival suppliers.Most Read from BloombergMusk Says First Neuralink Patient Received Implant in BrainTech Giants Drop in Late Trading After Earnings: Markets WrapUPS CEO Kicks Off Productivity Drive by Cutting 12,000 ManagersTraders Line Up for ‘Once-in-a-Generation’ Emerging Ma
(Bloomberg) -- Warren Buffett can cause executives angst when he invests in their companies.Most Read from BloombergMusk Says First Neuralink Patient Received Implant in BrainTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetBlackstone Is Building a $25 Billion Empire of Power-Hungry Data CentersTrump Cash Stockpile at Risk From $450 Million Dual VerdictsUPS to Cut 12,000 Jobs, Bring Workers in Five Days a WeekJapan’s trading firms illustrate this point. Berkshire Hathaway Inc. boug
Canned Roast Beef A Delaware Chancery Court judge today has voided Elon Musk’s 2018 Tesla pay package, siding with shareholders who sued the board over the compensation agreement, calling it “the largest in human history.” Chancellor Kathaleen Mccormick is same judge who shepherded months of contentious discovery in the billionaire’s legal battle with Twitter, now X. The pay case …