Strategic Initiatives by Manufacturers Fuel the Middle East & Africa Frozen Entrée Market
Manufacturers of frozen entrée are making significant investments in product innovation to expand their customer base and meet emerging consumer demands. They are focusing on providing sugar-free, organic, gluten-free, plant-based, and clean-labeled products, as well as products suitable for a keto diet to suffice the varied requirements of consumers. In September 2022, Impossible Foods launched its first frozen plant-based entrées called “Impossible Bowls.” The single-serve frozen meals are available in eight varieties and can be cooked in five minutes or less, featuring Impossible Food's different plant-based meat options. The bowls were developed and distributed in partnership with Golden West Food Group and first launched at ~4,000 outlets of Walmart. Increasing focus of people on convenience food products while ensuring the nutritional balance in their diets has encouraged manufacturers to launch nutritionally enriched frozen entrées. Such product innovations help them widen their reach and gain an advantage over their competitors in international markets.Frozen entrée manufacturers are also adopting business expansion and production capacity scaleup strategies to serve their customers better.
Middle East & Africa Frozen Entrée Market Overview
The Middle East & Africa Frozen Entrée Market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. The region has witnessed a shift in consumers' food preferences due to the rising adoption of healthy and convenient food products. Moreover, the frozen meals, snacks & appetizers industry is growing as packaged snacks have become increasingly popular following the COVID-19 pandemic. Further, the consumers opt for frozen entrées as they consider them hygienic and easy to prepare and consume.Rapid urbanization, modern lifestyle, and consumer spending capacity have changed their overall food consumption habits. The increasing preference for convenience food products primarily drives the frozen entrée market in the Middle East & Africa. Frozen entrées are witnessing high demand in the region owing to their affordability and ease of consumption. Further, consumers readily opt for frozen entrées as they have a longer shelf life, easy to store, and convenient to cook. Frozen foods, including frozen entrées, help minimize cooking time and preparation hassle, thereby driving its popularity among the working population in the Middle East & Africa. Thus, all these factors support the growth of the frozen entrée market.
Middle East & Africa Frozen Entrée Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Frozen Entrée Market Segmentation
The Middle East & Africa frozen entrée market is segmented into type, category, distribution channel, and country.Based on type, the Middle East & Africa frozen entrée market is bifurcated into meat based entrées and plant-based entrées. The plant-based entrées segment is further categorized into sweet potato entrées, plant-based meat entrées, vegetable entrées, and other plant-based entrées. The meat-based entrées segment held a largest share of the Middle East & Africa frozen entrée market in 2022.
Based on category, the Middle East & Africa frozen entrée market is segmented into organic and conventional. The conventional segment held the larger share of the Middle East & Africa frozen entrée market in 2022.
Based on distribution channel, the Middle East & Africa frozen entrée market is segmented into Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and others. The Supermarkets and Hypermarkets segment held the largest share of the Middle East & Africa frozen entrée market in 2022.
Based on country, the Middle East & Africa frozen entrée market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa frozen entrée market in 2022.
Impossible Foods Inc, Kellogg Co, Nestle SA, Del Monte Foods Inc, and Mars Inc are some of the leading companies operating in the Middle East & Africa frozen entrée market.
Table of Contents
Executive Summary
At 5.0% CAGR, the Middle East & Africa Frozen Entrée Market is Speculated to be Worth US$ 1,945.56 Million by 2030.According to this research, the Middle East & Africa frozen entrée market was valued at US$ 1,313.55 million in 2022 and is expected to reach US$ 1,945.56 million by 2030, registering a CAGR of 5.0% from 2022 to 2030. Growing consumption of convenience foods, flourishing e-commerce industry, and burgeoning popularity of plant-based frozen meals are among the critical factors attributed to the Middle East & Africa frozen entrée market.
Veganism has recently gained significant traction. Consumers are increasingly inclined toward vegan food choices products as they perceive them to be healthier than conventional products. Increasing awareness regarding animal protection and environmental sustainability is also adding to the popularity of these food products. The proliferation of the veganism wave worldwide is highly influencing innovations in the frozen entrée market. According to data published by Veganuary, a nonprofit organization encouraging people to go vegan for the entire month of January, ~5.8 million people signed up for the “Veganuary Campaign” in 2021. The figure below shows the number of worldwide participants in this campaign from 2015 to 2021.
On the contrary, lack of cold chain infrastructure in developing countries hampers the Middle East & Africa frozen entrée market.
Based on type, the Middle East & Africa frozen entrée market bifurcated into meat based entrées and plant-based entrées. The plant-based entrées segment is further categorized into sweet potato entrées, plant-based meat entrées, vegetable entrées, and other plant-based entrées. The meat based entrées segment held 98.3% share of Middle East & Africa frozen entrée market in 2022, amassing US$ 1,290.61 million. It is projected to garner US$ 1,908.99 million by 2030 to expand at 5.0% CAGR during 2022-2030.
Based on category, the Middle East & Africa frozen entrée market is segmented into Organic and Conventional. The conventional segment held 93.4% share of Middle East & Africa frozen entrée market in 2022, amassing US$ 1,226.87 million. It is projected to garner US$ 1,808.32 million by 2030 to expand at 5.0% CAGR during 2022-2030.
Based on distribution channel, the Middle East & Africa frozen entrée market is segmented into supermarkets and hypermarket, convenience Stores, online retail, and others. The supermarkets and hypermarket segment held 40.6% share of Middle East & Africa frozen entrée market in 2022, amassing US$ 533.80 million. It is projected to garner US$ 782.62 million by 2030 to expand at 4.9% CAGR during 2022-2030.
Based on country, the Middle East & Africa frozen entrée market has been categorized into the South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 57.6% share of Middle East & Africa frozen entrée market in 2022. It was assessed at US$ 756.87 million in 2022 and is likely to hit US$ 1,097.10 million by 2030, exhibiting a CAGR of 4.7% during 2022-2030.
Key players operating the Middle East & Africa frozen entrée market are Impossible Foods Inc, Kellogg Co, Nestle SA, Del Monte Foods Inc, and Mars Inc, among others.
Companies Mentioned
- Impossible Foods Inc
- Kellogg Co
- Nestle SA
- Del Monte Foods Inc
- Mars Inc
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 100 |
Published | December 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value in 2022 | 1.31 Billion |
Forecasted Market Value by 2030 | 1.95 Billion |
Compound Annual Growth Rate | 5.0% |
Regions Covered | Africa, Middle East |
No. of Companies Mentioned | 5 |