PUBLISHER: GlobalData | PRODUCT CODE: 1482993
PUBLISHER: GlobalData | PRODUCT CODE: 1482993
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%.