Saudi Arabia Food Grinders Market
Saudi Arabia Food Grinders Market Size Set Growing Steadily to Touch USD 455 Million by 2029
Published | 16 March 2023
Saudi Arabia food grinders market is flourishing because of increasing popularity of home cooking, surging demand for convenience foods, and rising emphasis on health and wellness.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia food grinders market size at USD 342.6 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Saudi Arabia food grinders market size to grow at a significant CAGR of 4.24% reaching a value of USD 454.91 million by 2029. Major growth factors of Saudi Arabia food grinders market include increasing demand for processed foods, such as snacks, breakfast cereals, and bakery products, increasing agricultural investments, and rising chronic illness incidence. Likewise, a surging demand for healthier goods, growing awareness about the importance of diet and health, and expansion in the convenience retail category are projected to boost the expansion of overall market. Also, rising disposable income levels in the country are helping to the expansion of the food grinder industry and the region's need for high-quality food items. The growing customer inclination for healthy and nutritious foods is another significant reason driving the growth of the Saudi Arabia food grinders market. It has resulted in an increase in demand for food grinders meant to produce fresh and healthful meals. Additionally, the Saudi Arabia food grinders market is also benefitting from increased investments in infrastructure, such as new manufacturing plants and distribution channels. Moreover, import tariffs are expected to be reduced, which will boost exports from other countries, such as China and India. It will provide domestic players a competitive advantage and gain market share for food grinders in Saudi Arabia. Hence, such factors are expected to fuel the expansion of Saudi Arabia food grinders market during the period in analysis. However, high cost and limited awareness and availability of food grinders may be limited in some areas are anticipated to hinder the overall market growth.
Saudi Arabia Food Grinders Market – Overview
Food grinders are equipment that are used to smash food into small pieces. They come in a variety of shapes and sizes and serve a variety of functions. Spices, herbs, and other minute pieces of food are frequently ground in food grinders. They can also be made into pesto, hummus, and other sauces. Food grinders are also frequently used to create flour, nuts, and other foods. Food grinders are used for a variety of purposes, including the preparation of flour and other pastes, as well as the preparation of smoothies and purees. In Saudi Arabia, they are especially popular for grinding meat and making burgers, chicken nuggets, and other fast-food items.
Impact of COVID-19 on Saudi Arabia Food Grinders Market
COVID-19 pandemic had a detrimental impact on Saudi Arabia food grinders market, with customers preferring home-cooked meals over restaurant meals. Furthermore, growing consumer knowledge of food safety and cleanliness has resulted in a decline in demand for processed foods and beverages. This is likely to continue in the coming years as people become more accustomed to consuming healthy and organic foods. The pandemic has also had an impact on restaurant businesses, with some ceasing operations entirely. This has resulted in a reduction in food grinder sales at retail stores in Saudi Arabia. However, considering that most restaurants do not open 24 hours a day, there is likely to be a gradual transition back to restaurant meals once the pandemic is over. Hence, the pandemic is predicted to have a minor influence on the Saudi Arabia food grinders market.
Saudi Arabia Food Grinders Market – By Application
Based on application, Saudi Arabia food grinders market is split into Home and Commercial segments. The home segment held the highest market share due to high demand and a wide range of applications. Saudis are well-known for their passion for food and its preparation. This is especially true in the Eastern Province, where many households still grind their own grains and legumes into flour to bake bread or stew lentils and beans. Also, at home, many Saudis use grinders to create their own bread or bean stew. Grinding grains at home not only saves money on groceries, but it also offers consumers control over the components and provides quality nutrition.
Major players operating in Saudi Arabia food grinders market include Moulinex, Kenwood, Black & Decker, Panasonic, Philips, Bosch, Barun, Kenstar, Tefal, Geepas, and Anex. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Saudi Arabia Food Grinders Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Food Grinders Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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- Saudi Arabia Food Grinders Market - By Type (Manual Type, Automatic Type); By Application (Home, Commercial); By Region (North & Central Region, Eastern Region, Western Region, Southern Region), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Publish Date: March 2023
Growing demand for convenience foods, increasing focus on health & wellness, and rising popularity of home cooking are projected to propel the expansion of Saudi Arabia food grinders market during the forecast period between 2023 and 2029.
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