Investing in a sauce and juice factory in Yemen represents a promising investment opportunity in 2022, particularly in light of Yemen’s Vision 2030, which aims to advance the national economy, enhance the foundations of economic stability, and strive to occupy a distinguished position among global economies.
What is a sauce and juice factory?
The sauce and juice factory produces tomato sauce and natural juices such as apple, mango, orange, and others. The project targets a wide range of sectors with its products. such as: Restaurants, hotels, wholesalers, retailers, and shopping malls.
The sauce and juice factory will help meet a portion of the growing demand for sauce and juice. Because the project will rely on modern production lines and experienced technical staff, its products will generate significant returns once they are introduced to the Yemeni market.
In 2019, the value reached The global cooking sauces market is valued at approximately USD 43.53 billion and is expected to grow at a CAGR of 3.3% to reach a market value of USD 55.31 billion by 2027.
Global Fruit Juice Market
By the end of 2021, the global fruit juice market was valued at USD 141 billion and is expected to grow at a CAGR of 4.31% to reach USD 182 billion by the end of 2027.
Mashroo3k Consulting Company confirms that the sauce and juice factory project in Yemen is among the most successful projects, based on the following:
The average annual growth rate of Yemen’s juice imports reached 25.6% during the period (2015-2021).
The average annual growth rate of Yemen’s tomato paste imports was 7.7% over the past five years.
For more details on the latest economic indicators and investment opportunities in Yemen, as well as the most prominent funding agencies supporting successful investment projects in the country, you can contact the investor services team at Mashroo3k Consulting.
