In recent years, the growth of the frozen food market has been driven by the demand for convenient and ready-to-eat meals. This shift is a result of changing lifestyles and an increase in disposable income, leading to higher consumption of frozen foods worldwide.
The GCC Market
The ready meals market is expected to reach US$ 220 billion in Year 2030.
The market is primarily driven by rising long shelf life products, and huge demand for frozen food products, due to the lack of time.
Online frozen ready meals sales. There is a rising demand for ready to eat food products due to the busy lifestyle, and an increase in the number of single-person households.
Rising demand for ready to eat food products due to the busy lifestyle.
Same Category Companies
US$ 42M in total funding amount.
The popularity of Farmer’s Fridge took the company from serving a couple hundred healthy meals a day from their vending machines to serving more than 15,000 a day.
US$ 7.5M in its latest funding round.
Saudi made, Siwar highlighted that 80% of consumers in KSA are open to purchasing frozen food. 'Ready Now' FMCG companies are focused on redefining the 'time saving' food sector in KSA and the region.