PUBLISHER: TechNavio | PRODUCT CODE: 1583572
PUBLISHER: TechNavio | PRODUCT CODE: 1583572
Global Packaged Food Market In GCC 2024-2028
The packaged food market in GCC is forecasted to grow by USD 3893.5 mn during 2023-2028, accelerating at a CAGR of 5.45% during the forecast period. The report on the packaged food market in GCC provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by urbanization and lifestyle changes, increasing number of mergers and acquisitions, and growing investments in packaged food in GCC.
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 5.07% |
CAGR | 5.45% |
Incremental Value | $3893.5 mn |
Technavio's packaged food market in GCC is segmented as below:
By Distribution Channel
By Product
By Geographical Landscape
This study identifies the increasing consumer awareness about clean-label products as one of the prime reasons driving the packaged food market in GCC growth during the next few years. Also, innovations in packaging and growing appreciation for locally produced and artisanal packaged foods will lead to sizable demand in the market.
The report on the packaged food market in GCC covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading packaged food market in GCC vendors that include 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, Baladna, 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. Also, the packaged food market in GCC analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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