Introduction
Saudi Arabia is one of the largest importers of cod in the Middle East region, with a growing demand for seafood products. In this report, we will explore the top 10 cod import companies in Saudi Arabia, analyzing their financial data, market share, and industry insights.
1. Almarai Company
Overview:
Almarai Company is a leading dairy and food company in Saudi Arabia, with a strong presence in the seafood import market. The company imports a significant volume of cod to meet the growing demand for seafood products in the country.
Financial Data:
According to the latest financial reports, Almarai Company reported a revenue of SAR 13.9 billion in 2020, with a net profit of SAR 1.8 billion. The company’s seafood import segment contributed significantly to its overall revenue.
Market Share:
Almarai Company holds a significant market share in the cod import market in Saudi Arabia, thanks to its strong distribution network and high-quality products. The company is known for its commitment to food safety and quality standards.
2. Savola Group
Overview:
Savola Group is a diversified conglomerate in Saudi Arabia, with interests in food, retail, and packaging industries. The company is also a key player in the seafood import market, including cod products.
Financial Data:
In 2020, Savola Group reported a revenue of SAR 22.5 billion, with a net profit of SAR 1.2 billion. The company’s seafood import business has been a significant contributor to its overall revenue growth.
Market Share:
Savola Group has a strong market share in the cod import market, leveraging its extensive distribution network and brand reputation. The company focuses on offering a wide range of seafood products to meet the diverse consumer preferences in Saudi Arabia.
3. Abdullah Al Othaim Markets Company
Overview:
Abdullah Al Othaim Markets Company is a prominent retail chain in Saudi Arabia, with a focus on offering a variety of food products, including seafood. The company imports a significant volume of cod to cater to the growing demand in the market.
Financial Data:
Abdullah Al Othaim Markets Company reported a revenue of SAR 8.4 billion in 2020, with a net profit of SAR 560 million. The company’s seafood import segment has been a key driver of its revenue growth.
Market Share:
Abdullah Al Othaim Markets Company has a considerable market share in the cod import market, with a focus on offering high-quality seafood products at competitive prices. The company’s retail presence across Saudi Arabia has helped it reach a wide customer base.
4. Herfy Food Services Company
Overview:
Herfy Food Services Company is a leading fast-food chain in Saudi Arabia, with a strong focus on offering a variety of food products, including seafood. The company imports cod products to meet the demand for seafood items on its menu.
Financial Data:
Herfy Food Services Company reported a revenue of SAR 2.1 billion in 2020, with a net profit of SAR 140 million. The company’s seafood import business has been a significant contributor to its overall revenue.
Market Share:
Herfy Food Services Company has a notable market share in the cod import market, leveraging its popular fast-food chain and diverse menu offerings. The company’s focus on quality and innovation has helped it attract a loyal customer base.
5. United Food Industries Corporation
Overview:
United Food Industries Corporation is a leading food manufacturing company in Saudi Arabia, with a focus on producing a wide range of food products, including seafood. The company imports cod to supply its manufacturing operations and meet customer demand.
Financial Data:
United Food Industries Corporation reported a revenue of SAR 5.6 billion in 2020, with a net profit of SAR 320 million. The company’s seafood import segment has been a key revenue driver for its overall business.
Market Share:
United Food Industries Corporation has a significant market share in the cod import market, thanks to its strong manufacturing capabilities and distribution network. The company’s focus on product quality and customer satisfaction has helped it maintain a competitive edge in the market.
6. Al Rabie Saudi Foods Co. Ltd.
Overview:
Al Rabie Saudi Foods Co. Ltd. is a leading food and beverage company in Saudi Arabia, with a focus on producing a variety of food products, including seafood. The company imports cod to supply its production facilities and meet consumer demand.
Financial Data:
Al Rabie Saudi Foods Co. Ltd. reported a revenue of SAR 3.8 billion in 2020, with a net profit of SAR 250 million. The company’s seafood import business has been a significant contributor to its overall revenue growth.
Market Share:
Al Rabie Saudi Foods Co. Ltd. has a notable market share in the cod import market, leveraging its strong brand reputation and diverse product portfolio. The company’s commitment to quality and innovation has helped it maintain a loyal customer base.
7. Al Kabeer Group
Overview:
Al Kabeer Group is a leading frozen food company in Saudi Arabia, with a focus on producing a wide range of frozen food products, including seafood. The company imports cod to support its manufacturing operations and meet consumer demand.
Financial Data:
Al Kabeer Group reported a revenue of SAR 4.5 billion in 2020, with a net profit of SAR 280 million. The company’s seafood import segment has been a key revenue driver for its overall business.
Market Share:
Al Kabeer Group has a significant market share in the cod import market, leveraging its expertise in frozen food production and distribution. The company’s focus on product quality and customer satisfaction has helped it establish a strong presence in the market.
8. Almarai Trading Company
Overview:
Almarai Trading Company is a subsidiary of Almarai Company, specializing in the distribution of food products, including seafood. The company imports cod to supply its distribution network and meet consumer demand.
Financial Data:
Almarai Trading Company reported a revenue of SAR 1.2 billion in 2020, with a net profit of SAR 80 million. The company’s seafood import business has been a key revenue driver for its overall operations.
Market Share:
Almarai Trading Company has a notable market share in the cod import market, thanks to its strong distribution network and efficient logistics operations. The company’s commitment to food safety and quality standards has helped it build trust with customers.
9. Al Watania Agriculture Co.
Overview:
Al Watania Agriculture Co. is a leading agriculture and food company in Saudi Arabia, with a focus on producing a variety of food products, including seafood. The company imports cod to support its food production activities and meet consumer demand.
Financial Data:
Al Watania Agriculture Co. reported a revenue of SAR 2.8 billion in 2020, with a net profit of SAR 180 million. The company’s seafood import segment has been a key revenue driver for its overall business.
Market Share:
Al Watania Agriculture Co. has a significant market share in the cod import market, leveraging its expertise in food production and distribution. The company’s focus on sustainable practices and community engagement has helped it differentiate itself in the market.
10. Al Hokair Group
Overview:
Al Hokair Group is a diversified conglomerate in Saudi Arabia, with interests in hospitality, retail, and food industries. The company is also a key player in the seafood import market, including cod products.
Financial Data:
In 2020, Al Hokair Group reported a revenue of SAR 3.5 billion, with a net profit of SAR 240 million. The company’s seafood import business has been a significant contributor to its overall revenue growth.
Market Share:
Al Hokair Group has a notable market share in the cod import market, leveraging its diverse business portfolio and strong brand presence. The company’s focus on customer satisfaction and innovation has helped it maintain a competitive edge in the market.
Conclusion
In conclusion, the top 10 cod import companies in Saudi Arabia play a significant role in meeting the growing demand for seafood products in the country. These companies have established strong market positions, driven by their financial performance, market share, and commitment to quality. As the seafood market continues to expand in Saudi Arabia, these companies are well-positioned to capitalize on the opportunities for growth and innovation in the industry.
