GCC - Packaged Food Market size to increase by USD 4.00 billion between 2022 to 2027| The growing urban population in GCC countries to drive the market growth - Technavio

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Dec 13, 2023, 13:45 ET

NEW YORK , Dec. 13, 2023 /PRNewswire/ -- The GCC - Packaged Food Market size is expected to grow by USD 4.00 billion, accelerating at a CAGR of 5.84% during the forecast period. Urbanization and lifestyle changes are notably driving the packaged food market in GCC. However, factor such as strict food regulations in GCC countries may impede market growth. The market is segmented by Distribution Channel (Supermarket and hypermarket, Convenience store, and Online), Product (Bakery and cereals, Dairy products, Processed and canned food, Meat and fish, and Others), and Geography (GCC). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format

Technavio has announced its latest market research report titled Packaged Food Market in GCC Countries 2023-2027

GCC - Packaged Food Market 2023 2027: Key Segment Analysis

The anticipated expansion in market share within the supermarket and hypermarket segment is expected to be notable during the forecast period. Supermarkets and hypermarkets play a significant role in distributing packaged food across the GCC region. These retailers cater to the diverse ethnic populations in the GCC by offering an extensive array of food products tailored to their specific tastes. Consumers in nations such as the UAE, Saudi Arabia, and Qatar highly appreciate the convenience and diverse selection available at these retail destinations.

To know additional highlights and key points on various market segments and their impact in coming years, Buy the full report

GCC - Packaged Food Market 2023 2027: Company Insights

The GCC - Packaged Food Market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including: Baladna, 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, 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

View PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

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Reduced Fat Packaged Food Market: The Reduced Fat Packaged Food Market size is projected to increase by USD 18,013.93 million and the market size is estimated to grow at a CAGR of 4.5% between 2022 and 2027.

Packaged Vegan Foods Market: The packaged vegan foods market is estimated to grow at a CAGR of 14.92% between 2022 and 2027. The size of the market is forecast to increase by USD 25,695.71 million.

TOC:

Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Distribution Channel
Market Segmentation by Product
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix

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