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GCC food market insights report out

Source:Research and Markets     Date:2021-12-10
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The GCC food market by consumption is forecast to reach 51.28 million MT in 2025, experiencing growth at a CAGR of 3.15% during the period from 2021 to 2025. This is reported in "GCC Food Market (Saudi Arabia, UAE, Oman, Kuwait, Qatar & Bahrain): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)" from Research and Markets.


While rising population, awareness of healthy eating habits and increasing food consumption are driving growth, GCC's F&B market remains challenged by increasing food prices, unfavorable climatic conditions and increased dependence on food imports.

 

The GCC food market by production was valued at 13.65 million MT in 2020, and growing at a CAGR of 1.92% during the period spanning from 2016 to 2020. Initiatives by regional governments are helping boost production through implementation of organic farming, and artificial and technology-enabled processes across the food value chain.

 

Trends impacting the market are the upsurge in demand for organic food, technological advancements aiding food production, increase in demand for packaged and convenience foods, key developments to improve food supply and, major merger & acquisition deals in the GCC food industry. For more information about this report visit https://www.researchandmarkets.com/r/6t9j52


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