Middle East and Africa Canned Meat Market Size Set to Grow at CAGR of 4.76%
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Middle East and Africa canned meat market size at USD 1.1 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Middle East and Africa canned meat market size to grow at a CAGR of 4.76% reaching a value of USD 1.45 billion by 2029.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Middle East and Africa canned meat market size at USD 1.1 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Middle East and Africa canned meat market size to grow at a CAGR of 4.76% reaching a value of USD 1.45 billion by 2029. Middle East and Africa canned meat market's growth is influenced by several key factors. Firstly, changing consumer lifestyles and an increased preference for convenience foods drive demand for canned meat products. Also, economic development and rising disposable incomes in the region contribute to increased purchasing power. Further, the need for longer shelf life and preservation of meat products in regions with challenging climates enhances the appeal of canned meats. On top of that, the expanding tourism industry and military deployments often require portable, non-perishable protein sources, further boosting the market. These factors collectively fuel the growth of the Middle East and Africa canned meat market.
Middle East and Africa Canned Meat Market – Overview
Canned meat refers to various types of meats, such as beef, chicken, pork, and seafood, that have been cooked, processed, and sealed in airtight containers for preservation. This method extends the shelf life of meat products, making them convenient and long-lasting food options. Canned meat products are popular for their accessibility, portability, and suitability for emergency storage. They are used in a wide range of dishes, including stews, sandwiches, and casseroles. While some people appreciate their convenience, others may have concerns about the nutritional value and taste compared to fresh meat. Canned meat has been a staple in military rations and emergency food supplies.
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Impact of COVID-19 on Middle East and Africa Canned Meat Market
COVID-19 pandemic significantly impacted the Middle East and Africa canned meat market. With lockdowns, supply chain disruptions, and economic challenges, consumer preferences shifted towards long-lasting and convenient food options, boosting canned meat sales. However, safety concerns and reduced consumer spending power hampered growth. The market also faced production and distribution challenges. Despite initial disruptions, the sector adapted by focusing on hygiene, online sales, and diversifying product offerings. As the pandemic evolved, the Middle East and Africa canned meat market displayed resilience, with changing consumption patterns and the need for non-perishable food items, resulting in a complex but adaptive market landscape.
Impact of the Israel-Hamas War on Middle East and Africa Canned Meat Market
Israel-Hamas war may have mixed impact on the Middle East and Africa canned meat market. Positively, increasing humanitarian aid efforts have boosted canned meat donations to affected regions, providing sustenance to those in need. However, the conflict's instability could disrupt supply chains and hindered production, causing shortages and price fluctuations. It may have a negative impacted on the canned meat market, leading to increased prices and reduced availability, making it challenging for consumers in the Middle East and Africa to access affordable protein sources. The war's long-term consequences may continue to disrupt regional markets and access to canned meat.
Middle East and Africa Canned Meat Market – By Nature
By nature, Middle East and Africa canned meat market is divided into Organic and conventional segments. These segments represent distinct consumer preferences and market offerings. The Organic segment caters to health-conscious consumers seeking products made from natural and sustainably sourced ingredients, often free from synthetic additives. In contrast, the conventional segment offers a wider variety of canned meat products, which may include traditionally processed and seasoned items. These two segments reflect the diverse choices available in the region's canned meat market, accommodating both those focused on health and environmental concerns and those seeking traditional options.
Competitive Landscape
Middle East and Africa canned meat market is fiercely competitive. Major companies in the market include Al Dahra ACX Global, Saudi Canning Factory, Al-Munajem Food, Epic Group, Agro Processors & Atmospheric Gases Pvt Ltd, L'Aquila, Faragalla Group, RH Amar, RCL Foods, and Copperbelt Meat Corporation. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Middle East and Africa canned meat market.
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