The report “Food Market” evaluates the GCC market by type, form, country, distribution channel, as well as geography. The report includes trend analysis and historical market data. This report highlights the market share, production, competitive landscape, and development plans of the target companies that were evaluated in the GCC Food Market Study. It also provides information about the competition.
Market Overview & Dynamics: The advent of the working and young population to drive market growth
In the 2022-2028 forecast period, the GCC food market will grow at a 2.3% CAGR. International cuisines have seen a significant increase in demand due to the emergence of working-class young professionals. The growing demand for organic and healthy food products such as dairy products, fruits, and vegetables, is a result of the rising number of young people. Online and e-commerce platforms will see an increase in sales, with food delivery expected to grow over the next few years.
The tourism industry will also support growth in food consumption in GCC nations. International events can be a way to increase foot traffic in restaurants and food outlets. The GCC countries are opening their borders to fully-vaccinated tourists from abroad as the world economy recovers after the pandemic. This will lead to a boom in tourist numbers over the next few years. This will continue to fuel the growth in the GCC’s food market. Market growth will be boosted by the various steps taken in the GCC to increase food security and supply.
Segmental Analysis
For more information about this report https://store.rationalstat.com/store/gcc-food-market/
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