GCC Food Ingredients Market Global Industry Forecast Report, 2021-2028

 

GCC Packaged Food Market

In accordance with the GMI Research, the GCC Packaged Food Market will proliferate over the forecast period. This is because of the accelerating number of rigorous managerial frameworks that include obligated halal labelling.

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GCC Packaged Food Market Dynamics

Accelerating per capita income and the increasing drift towards western food culture are the prominent forces stimulating the growth of the GCC packaged food market. Packaged food sustains the hygiene of food and enlarges the shelf life of food items. The mounting rural to urban migration and the rising working population will fuel the market growth. Additionally, the varying consumer choice due to the busy lifestyle is encouraging the market growth. Further, the growing purchasing power of individuals and the aggravating demand for nutritious packaged food amid millennials will persuade the consumers to choose for packaged food items.

Besides this, the increasing marketing of packaged food by several media channel regarding the advantages of packaged food will fuel the market size. In parallel, as per the GCC Flexible Packaging Market Report, better living standard and varying dietary patterns of consumers has paved the way for market growth. However, the threat of food contagion because of packaging stuff and the exposure of local brands will restrain the market growth.

Product Segment Drivers

On the basis of the product, the GCC Packaged food market can be bifurcated into breakfast cereals, baked foods, ready meals, soups, potato chips, nuts, non-alcoholic drink, baby food, instant noodles, pasta, chocolate confectionery, biscuits, cheese, ice creams, sauces, yogurt, and dressings & condiments. Among these, the Breakfast Cereals Segment is anticipated to witness a faster growth over the forecast period owing to the exacerbating demand for nutritious and convenient breakfast options. Moreover, the intensified emphases on morning meals as well as the elevating demand for highly nutritious food items, primarily amid the working women population will generate huge opportunities for the market.

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions. 

 

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