GCC Food Market (Saudi Arabia, UAE, Oman, Kuwait, Qatar & Bahrain): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)
GCC food market by consumption is forecasted to reach 53.14 million MT in 2026, experiencing growth at a CAGR of 3.15% for the period spanning 2022-2026. Growth in the GCC food market was due to the rising population, increasing awareness of healthy eating habits and increasing food consumption. However, the market growth would be challenged by increasing food prices, unfavorable climatic conditions and increase dependence on food imports.
Growth in the production was due to the various initiatives taken by regional governments to boost production through implementing organic farming, and artificial and technology-enabled processes across the food value chain. The market is anticipated to experience certain trends like upsurging 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.
GCC food market can be segmented into the following regions: Saudi Arabia, UAE, Oman, Kuwait, Qatar and Bahrain. In 2021, the dominant share of market was held by Saudi Arabia. Saudi Arabia is home to a population with significant levels of wealth, and high disposable incomes. These factors would escalate the consumption food industry in Saudi Arabia.
Scope of the report:
- The report provides a comprehensive analysis of the GCC food market with potential impact of COVID-19.
- The major regional markets by consumption and production (Saudi Arabia, UAE, Oman, Kuwait, Qatar and Bahrain) have been analyzed.
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
- The company profiles of leading players (Dubai Refreshments PJSC, Al Islami Foods, IFFCO International Foodstuffs Co. LLC, National food industries company Ltd., Al Ain Farms, Oman Food Investing Holding) are also presented in detail.
Key Target Audience:- Retail Manufacturers
- Raw Material Providers
- End Users (Consumers)
- Investment Banks
- Government Bodies & Regulating Authorities
- 1. Market Overview
- 1.1 Food Industry
- 1.1.1 Food Industry- Introduction
- Table 1: Stages of Food Industry
- 1.1.2 Stages of Food Industry
- 1.1.3 Food Industry- History
- 1.2 Sub Sectors of Food Industry
- Table 2: Six Sub Sectors of Food Industry
- 1.3 Components of Food Industry
- Table 3: Components of Food Industry
- 2. Impact of COVID-19
- 2.1 Impact of COVID-19 on Global Economy
- 2.2 Impact of COVID-19 on GCC Population
- Table 4: GCC Population Infected by Covid
- 2.3 Surging Unemployment
- Table 5: Global Workers at Risk by Region
- 2.4 Growth in E-Grocery Industry
- Table 6: UAE Grocery E-Commerce Sales (2018-2020)
- 3. Market Analysis
- 3.1 GCC Food Market by Consumption
- Table 7: GCC Food Market by Consumption (2017-2021)
- 3.2 GCC Food Market Forecast by Consumption
- Table 8: GCC Food Market Forecast by Consumption (2022-2026)
- 3.3 GCC Food Market Consumption by Category
- Table 9: GCC Food Market Consumption by Category (2021)
- 3.3.1 GCC Food Market Consumption by Category
- Table 10: GCC Food Market Consumption by Category (2017-2021)
- 3.4 GCC Food Market Forecast Consumption by Category
- 3.4.1 GCC Food Market Forecast Consumption by Category
- Table 11: GCC Food Market Forecast Consumption by Category (2022-2026)
- 3.5 GCC Food Market Consumption by Region
- Table 12: GCC Food Market Consumption by Region (2021)
- 3.6 GCC Food Market by Production
- Table 13: GCC Food Market by Production (2017-2021)
- 3.7 GCC Food Market Production by Category
- Table 14: GCC Food Market Production by Category (2021)
- 3.7.1 GCC Food Market Production by Category
- Table 15: GCC Food Market Production by Category (2017-2021)
- 3.8 GCC Food Market Production by Region
- Table 16: GCC Food Market Production by Region (2021)
- 3.9 GCC Food Market by Imports
- Table 17: GCC Food Market by Imports (2017-2021)
- 3.10 GCC Food Market Imports by Category
- Table 18: GCC Food Market Imports by Category (2021)
- 3.10.1 GCC Food Market Imports by Category
- Table 19: GCC Food Market Imports by Category (2017-2021)
- 3.11 GCC Food Market Imports by Region
- Table 20: GCC Food Market Imports by Region (2021)
- 4. Regional Market
- 4.1 Saudi Arabia
- 4.1.1 Saudi Arabia Food Market by Consumption
- Table 21: Saudi Arabia Food Market by Consumption (2017-2021)
- 4.1.2 Saudi Arabia Food Market Forecast by Consumption
- Table 22: Saudi Arabia Food Market Forecast by Consumption (2022-2026)
- 4.1.3 Saudi Arabia Food Market Consumption by Category
- Table 23: Saudi Arabia Food Market Consumption by Category (2021)
- 4.1.4 Saudi Arabia Food Market Forecast Consumption by Category
- Table 24: Saudi Arabia Food Market Forecast Consumption by Category (2021-2026)
- 4.1.5 Saudi Arabia Food Market by Production
- Table 25: Saudi Arabia Food Market by Production (2017-2021)
- 4.1.6 Saudi Arabia Food Market by Imports
- Table 26: Saudi Arabia Food Market by Imports (2017-2021)
- 4.2 UAE
- 4.2.1 UAE Food Market by Consumption
- Table 27: UAE Food Market by Consumption (2017-2021)
- 4.2.2 UAE Food Market Forecast by Consumption
- Table 28: UAE Food Market Forecast by Consumption (2022-2026)
- 4.2.3 UAE Food Market Consumption by Category
- Table 29: UAE Food Market Consumption by Category (2021)
- 4.2.4 UAE Food Market Forecast Consumption by Category
- Table 30: UAE Food Market Forecast Consumption by Category (2021-2026)
- 4.2.5 UAE Food Market by Production
- Table 31: UAE Food Market by Production (2017-2021)
- 4.2.6 UAE Food Market by Imports
- Table 32: UAE Food Market by Imports (2017-2021)
- 4.3 Oman
- 4.3.1 Oman Food Market by Consumption
- Table 33: Oman Food Market by Consumption (2017-2021)
- 4.3.2 Oman Food Market Forecast by Consumption
- Table 34: Oman Food Market Forecast by Consumption (2022-2026)
- 4.3.3 Oman Food Market Consumption by Category
- Table 35: Oman Food Market Consumption by Category (2021)
- 4.3.4 Oman Food Market Forecast Consumption by Category
- Table 36: Oman Food Market Forecast Consumption by Category (2021-2026)
- 4.3.5 Oman Food Market by Production
- Table 37: Oman Food Market by Production (2017-2021)
- 4.3.6 Oman Food Market by Imports
- Table 38: Oman Food Market by Imports (2017-2021)
- 4.4 Kuwait
- 4.4.1 Kuwait Food Market by Consumption
- Table 39: Kuwait Food Market by Consumption (2017-2021)
- 4.4.2 Kuwait Food Market Forecast by Consumption
- Table 40: Kuwait Food Market Forecast by Consumption (2022-2026)
- 4.4.3 Kuwait Food Market Consumption by Category
- Table 41: Kuwait Food Market Consumption by Category (2021)
- 4.4.4 Kuwait Food Market Forecast Consumption by Category
- Table 42: Kuwait Food Market Forecast Consumption by Category (2021-2026)
- 4.4.5 Kuwait Food Market by Production
- Table 43: Kuwait Food Market by Production (2017-2021)
- 4.4.6 Kuwait Food Market by Imports
- Table 44: Kuwait Food Market by Imports (2017-2021)
- 4.5 Qatar
- 4.5.1 Qatar Food Market by Consumption
- Table 45: Qatar Food Market by Consumption (2017-2021)
- 4.5.2 Qatar Food Market Forecast by Consumption
- Table 46: Qatar Food Market Forecast by Consumption (2022-2026)
- 4.5.3 Qatar Food Market Consumption by Category
- Table 47: Qatar Food Market Consumption by Category (2021)
- 4.5.4 Qatar Food Market Forecast Consumption by Category
- Table 48: Qatar Food Market Forecast Consumption by Category (2021-2026)
- 4.5.5 Qatar Food Market by Production
- Table 49: Qatar Food Market by Production (2017-2021)
- 4.5.6 Qatar Food Market by Imports
- Table 50: Qatar Food Market by Imports (2017-2021)
- 4.6 Bahrain
- 4.6.1 Bahrain Food Market by Consumption
- Table 51: Bahrain Food Market by Consumption (2017-2021)
- 4.6.2 Bahrain Food Market Forecast by Consumption
- Table 52: Bahrain Food Market Forecast by Consumption (2022-2026)
- 4.6.3 Bahrain Food Market Consumption by Category
- Table 53: Bahrain Food Market Consumption by Category (2021)
- 4.6.4 Bahrain Food Market Forecast Consumption by Category
- Table 54: Bahrain Food Market Forecast Consumption by Category (2021-2026)
- 4.6.5 Bahrain Food Market by Production
- Table 55: Bahrain Food Market by Production (2017-2021)
- 4.6.6 Bahrain Food Market by Imports
- Table 56: Bahrain Food Market by Imports (2017-2021)
- 5. Market Dynamics
- 5.1 Growth Drivers
- 5.1.1 Rising Population
- Table 57: GCC Population (2017-2021)
- 5.1.2 Increasing Food Consumption
- Table 58: Prevalence of GCC Food Consumption (2017-2021)
- 5.1.3 Favourable Government Initiatives
- 5.1.4 Escalating Awareness among People of Healthy Eating Habits
- 5.2 Key Trends & Developments
- 5.2.1 Upsurge in Demand for Organic Food
- 5.2.2 Technological Advancements Aiding Food Production
- 5.2.3 Increase in Demand for Packaged and Convenience Food
- 5.2.4 Key Developments to Improve Food Supply
- Table 59: Key Developments in Saudi Arabia
- Table 60: Key Developments in UAE
- Table 61: Key Developments in Oman
- Table 62: Key Developments in Bahrain
- Table 63: Key Developments in Qatar
- Table 64: Key Developments in Kuwait
- 5.2.5 Major Merger & Acquisition Deals in the GCC Food Industry
- Table 65: Major Merger & Acquisition Deals in the GCC Food Industry
- 5.3 Challenges
- 5.3.1 Unfavourable Climatic Conditions
- 5.3.2 Increase of Food Price
- 5.3.3 Increase Dependence on Food Imports
- 6. Company Profiles
- 6.1 Al Islami Foods
- 6.1.1 Business Overview
- 6.2 IFFCO International Foodstuffs Co. LLC
- 6.2.1 Business Overview
- Table 66: Segments of IFFCO
- 6.3 National Food Industries
- 6.3.1 Business Overview
- Table 67: Segments of National Food Industries
- 6.4 Dubai Refreshments PJSC
- 6.4.1 Business Overview
- Table 68: Segments of Dubai Refreshments
- 6.5 Al Ain Farms
- 6.5.1 Business Overview
- Table 69: Segments of Al Ain Farms
- 6.6 Oman Food Investing Holding
- 6.6.1 Business Overview
- Table 70: Segments of Oman Food Investing Holding