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2020-10-27
565
GCC
The GCC fruits and vegetable market is expected to register a CAGR of 8.7% during the forecast period (2020-2030). The total food consumption in GCC is expected to reach 52.3 million metric ton by 2021.The expansion in utilization of fruits and vegetables is attributed to the developing ostracize population and the financial flourishing of the region. Among the GCC nations, UAE has the most highest expatiate population; about 85.5% are non-nationals of UAE. A similar marvel is found in all the GCC nations. The expansion in utilization of vegetables and fruits is ascribed to the developing exile populace and the financial thriving of the district. Among the GCC nations, UAE has the most elevated elaborate populace; about 85.5% are non-nationals of UAE. A similar marvel is found in all the GCC nations.
Conditions in the GCC countries are unfavorable for the cultivation of most fruits and vegetables. Out of the total area available, only about 1.7% is arable. Due to this, the domestic production levels are low, and most of the consumption is met by imports from various countries. Due to the growing consumption of fruits and vegetables the GCC countries tried to boost the agricultural output by increasing productivity so that they could be self-sufficient.
Signing of the GAFTA and other free trade agreements will open up different avenues of trade and procurement. GAFTA is expected to boost, both intra GCC, as well as, intra MENA trade. The governments of the GCC countries have undertaken several food security initiatives in the form of framing policies that encourage private investments in the agricultural sector. The governments started implementation of policies, which phase out domestic production of plants that need high amounts of water. This makes GCC the perfect market for exporters of fruits and vegetables.
The report analysis 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 Fruit and Vegetables Industry" 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.
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