The food and beverage sector in the Gulf Cooperation Council (GCC) countries is a rapidly expanding and dynamic industry, offering numerous trends and opportunities for businesses to leverage.
The GCC food and beverage market has reached a value of $94.4 billion, and it continues to grow at a compound annual growth rate (CAGR) of 6.1%. From 2024 to 2029, this market is expected to expand further, reaching $128.2 billion by 2029.
In the region’s food and beverage sector, there is a noticeable shift towards healthier and organic products. With consumers becoming increasingly health-conscious, the demand for natural and organic options is growing, offering businesses a valuable opportunity to tap into this trend.
Food tourism is gaining momentum in the GCC, as more visitors flock to the region to savor its diverse cuisine. Food festivals, street food, and immersive culinary experiences are becoming major attractions. Businesses can leverage this trend by creating unique dining experiences that cater to the growing interest in local gastronomy.
The GCC countries boast some of the highest per capita incomes globally, resulting in affluent consumers who are eager to invest in premium, high-quality food products.
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