We established a quick response research team to monitor the impacts of global pandemic COVID19 on this market to keep our clients informed about latest data and changing strategies. The report will incorporate these insight and data factors.
Their are many growing trends in the GCC F&B Sector like the rest of the world, the GCC’s consumer spending dynamics are continually changing and even more so now due to COVID-19. With more people working for home, and an increase in health-consciousness, consumers have adopted new behaviours to fit their new lifestyle.As consumers avoid shopping malls and supermarkets in response to the pandemic, online retailers and e-commerce platforms are enjoying increasing growth. Businesses like Carrefour in the GCC saw a 300% increase in online orders and a 59% increase in new customers on its e-commerce site between February and April 2020. This drastic increase resulted in Carrefour transforming the majority of its outlets into ‘mini-fulfilment’ centres and their online platform to a marketplace. Generalist e-commerce platforms such as Amazon and Noon, have now ventured into grocery supply along with their traditional retail trading.
The primary driver in this segment is the consumers’ consciousness of COVID and the convenience of having groceries delivered to their doorstep. Before COVID, only 27% of GCC consumers adopted online grocery shopping, but this has since increased to over 50%.Several supermarkets across the GCC are increasing their own-label product range to include snacks, processed meat, fish and ready meals. These products are usually at the value end of the price range, thereby attracting cost-concious consumers. The demand for healthy food has also fueled the need for innovative and healthy fast food options. In response to this new trend, a few new foodservice outlets have begun to offer healthy fast food alternatives. Kcal is the most popular in this space with outlets across the GCC. The restaurant offers consumers a range of wraps, burgers, salads and snack.
We conducted interviews with the Consumers (B2C Vs B2B), F&B trends Industry Manufacturer, End User Industry Verticals, Contractual Suppliers, Product Managers, Consultants, Decision Makers, VPs, Executives, Sales Managers, Regional Sales Head, C-level Executives, etc.
The report includes GCC F&B Trends Importers and exporters data, Brands, & Distributors Outlook (Market Competition & Regional Presence), Business Strategy & Financial Analysis of Major Players. Further, the study also covers the Industry Trends (Future Trends & Forecast Data), Trade Data (Exports and Imports) and Sales Model Analysis
Market Size (USD Billion), Market Share (%), CAGR (%), Y-O-Y Growth Rate (%) of GCC F&B Trends and further it bifurcated into Countries, 2019-2035
Sales Data : By Brands, 2019-2035
Manufacturing/Production : Production Data, Operational Margins, Distribution Analysis, etc., 2019-2035
The study provides an in-depth analysis with the current and future trends to elucidate the imminent investment pockets in the market.
Current and future trends are outlined to determine the overall attractiveness of the market and single out profitable trends to gain a stronger foothold in the market.
Quantitative analysis of the current market and forecast from 2019-2035 is provided to showcase the financial competency of the market.
Drivers and opportunities are evaluated to highlight the top factors responsible for market growth. Various segments are carefully evaluated to gauge the potential of the market.
Porter’s Five Forces Model and SWOT analysis of the industry illustrate the potency of the buyers & suppliers participating in the market.
Competitive Outlook of major players of the market to understand the current business scenario and to understand the complexity and investment related factors.
COVID-19 impact on "GCC F&B Trends"
The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "GCC F&B Trends" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.