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The GCC - Packaged Food Market size is projected to increase by USD 4,004.47 million and the market size is estimated to grow at a CAGR of 5.84% between 2022 and 2027.
This GCC Packaged Food Market report extensively covers market segmentation by distribution channel (supermarket and hypermarket, convenience store, and online), product (bakery and cereals, dairy products, processed and canned food, meat and fish, and others). Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
The growing urban population in GCC countries is a key driver in the GCC - Packaged Food Market. As cities grow in size, the lives of individuals become more frenetic, with longer work hours and lengthier commutes. As a result of this move, convenient packaged foods that allow quick and easy meal solutions are in high demand. Microwaveable meals, ready-to-eat snacks, and pre-packaged salads or sandwiches are all examples of this trend. These products are intended to reach urban consumers in their prime, who want convenience but don't sacrifice taste or nutrition. This factor is projected to sustain demand for a diverse range of packaged food items that appeal to the busy, on-the-go lifestyles typical in the GCC region as the urban population grows. As a result, the GCC Packaged Food Market is expected to witness growth during the forecast period.
The GCC Packaged Food Market shows an accelerated CAGR during the forecast period.
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The increasing consumer awareness about clean-label products is a key trend in the GCC Packaged Food Market. In the GCC - packaged food market, customers are increasingly seeking products that are simple and easy to use, transparent ingredient lists and fewer chemicals have gained substantial traction. The consumers of the Gulf Cooperation Council have become more concerned about health and are looking for foods that they consider healthy. They seek artificial additives, preservatives, and high sugar or salt levels on labels.
Moreover, to accommodate these expectations, international firms are reformulating their products, such as supplying halal-certified, minimally processed snacks. This trend is not just about consumer health concerns but also reflects an overall shift in the world toward a cleaner environment and more transparent food options that resonate with GCC consumer's values and interests. Hence, growing awareness for clean labeled products is expected to drive the growth of the market in focus during the forecast period.
The strict food regulations in GCC countries are a major challenge faced by the GCC packaged food market. A significant challenge for manufacturers of processed food in the region is restrictive restrictions on foodstuffs in several GCC countries. These regulations cover a wide range of topics, including labeling, product approval, and halal compliance. Furthermore, acquiring product clearances can be time-consuming and stringent, causing market launch delays.
Furthermore, GCC countries need halal certification for food goods, which adds another degree of complication because compliance requires strict adherence to Islamic dietary requirements. These problems may result in higher production costs as well as the delayed introduction of new products, making regulatory compliance a significant barrier for packaged food businesses in the GCC market, thus impeding the growth of the market in focus during the forecast period.
Bakery and cereals are significant products in the GCC packaged food sector. The growth in demand for bakery and cereals has been fostered by rising demand for easy, ready-to-eat meals, which has been pushed by busy lifestyles and urbanization. Consumers in GCC countries such as Saudi Arabia, the UAE, and Qatar are increasingly resorting to packaged bakery products like bread, pastries, and snacks. Products based on cereals are increasingly being viewed as healthier alternatives, such as breakfast cereal and granola bars. To meet the increased demand for bakery items, local bakeries and multinational chains such as Baskin-Robbins and Dunkin Donuts have expanded their presence in the GCC - Packaged Food Market. These developments in the market reflect changing customer behavior and lifestyle trends, propelling bakeries and cereals to the top of the GCC packaged food sector and hence driving the growth of the market in focus during the forecast period.
The market share growth by the supermarket and hypermarket segment will be significant during the forecast period. Supermarkets and hypermarkets dominate the packaged food distribution landscape in the GCC. In line with the diversity of ethnic populations in the GCC, these retailers have a wide range of food products for sale that are suited to their individual tastes. Shoppers in countries like the UAE, Saudi Arabia, and Qatar value the convenience and variety offered by these locations.
The supermarket and hypermarket segment was valued at USD 5,814.78 million in 2017 and continued to grow until 2021.
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Supermarkets and hypermarkets excel at delivering a one-stop shopping experience, with specific sections for local and international food brands, assuring accessibility and affordability for GCC consumers. In view of the increasing demand for packaged food in the GCC countries, as well as an efficient supermarket and hypermarket chain across the region, it is expected to increase the adoption of this distribution channel and hence drive the growth of the market in focus during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The GCC Packaged Food Market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The GCC Packaged Food Market report forecasts market growth by revenue GCC country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
GCC Packaged Food Market Scope |
|
Report Coverage |
Details |
Page number |
150 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.84% |
Market growth 2023-2027 |
USD 4,004.47 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.9 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Baladna, Al Ain Farms, Al Kabeer Group ME, Al Rawabi Dairy Co L.L.C. , Almarai Co., Americana Foods Inc, Arla Foods amba, Balade Farms Food Industries LLC, Danone SA, Emirates Food Industries, Fash Fash Foodstuff Factory Co., Forsan Foods and Consumer Products Ltd., General Mills Inc., Global Food Industries LLC, Mondelez International Inc., Nestle SA, Reesha General Trading L.L.C., Saudia Dairy and Foodstuff Co., Savola Group, and Unikai Foods PJSC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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