Opportunities in the Middle East and Africa Food Industry 2024

Opportunities in the Middle East and Africa Food Industry 2024

Summary

This report brings together multiple data sources to provide a comprehensive overview of the Middle East and Africa food industry, analyzing data from 23 countries in the region. It includes an analysis of the following -

Market Environment: Includes industry size, market size, and growth analysis by the top five sectors: meat, dairy & soy food, bakery & cereals, savory & deli foods, and oils & fats.

High-Potential Countries’ Analysis: Indicates changing share of value consumption of various food products by sector across high-potential countries in the Middle East and Africa region. It also provides risk-reward analysis of four countries across the Middle East and Africa region based on market assessment, economic development, sociodemographic factors, governance indicators, and technological infrastructure.

The global food industry was valued at $4.2 trillion in 2023 and is forecast to record a CAGR of 4.7% and reach $5.2 trillion in 2028. Asia-Pacific was the largest region in terms of value and volume in 2023. The Americas was the second-largest and is poised to register a value CAGR of 4.9% over 2023-28. Middle East and Africa will record a CAGR of 3.9%. The affluent population in the Middle East will play an important role in the industry’s growth. Asia-Pacific, meanwhile, will register the fastest value CAGR at 5.2%. Eastern Europe will register the fastest volume CAGR during 2023-28, at 2.7%.

Scope

• Provides an overview of the current food industry scenario regarding the future outlook in terms of ingredients, product claims, labeling, distribution, and packaging. The analysis also covers the regional overview of the Middle Easta nd Africa region - highlighting industry size, growth drivers, latest developments, and future inhibitors for the region.

Reasons to Buy

• Manufacturing and retailers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region.
• The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances.
• The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion.
• To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.