GCC Bakery Products Market Overview:
The GCC bakery products market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Bakery products include pies, pastries, bread, rolls, cookies, and muffins prepared using flour or a meal derived from grain. Some other ingredients include water, sugar, salt, emulsifiers, yeast, eggs, milk, flavorings, and preservatives. After preparation, baked goods are cooked in hot stones, ovens, or ashes using dry heat. The choice of compositions and ingredients determine the flavor and texture of bakery products. These items provide energy to the muscles, the brain, and the nervous system. Currently, conventional baking processes are being replaced by modern machines to allow manufacturers to introduce innovative bakery products with different flavors, shapes, ingredients, and sizes.
GCC Bakery Products Industry Trends and Drivers:
The primary factor driving the bakery products market in GCC is the rising demand for convenience food products and the easy availability of the product at supermarkets, hypermarkets, convenience stores, artisanal bakeries, and online platforms. In line with this, the shifting consumer preference toward baked and low-calorie ready-to-eat (RTE) food items has compelled key market players to introduce healthy product variants, such as oats-based, multi-grain, and gluten-free bread and cookies, which is creating a positive outlook for the market. Moreover, the surging demand for frozen bakery products due to their long shelf life and convenience and the growing consumer working women populace are factors positively contributing to the market growth. Besides this, the rising influence of western cuisines and burgeoning investments in research and development (R&D) activities to launch organoleptically improved products are accelerating the market growth. Furthermore, the emerging trend of cafe culture and the rapidly expanding food processing sector are boosting the market growth in the region. Additionally, a considerable rise in the presence of artisanal patisseries and bakery shops offering different varieties of tarts, macrons, cakes, pastries, and pies and the inflating consumer per capita income are providing an impetus to the market growth.
Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC bakery products market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC bakery products market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC bakery products market in detail for latest trends, outlook and opportunities.
The report analyses the competitive structure of the GCC bakery products market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC bakery products market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC bakery products market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC bakery products market industry. Furthermore, the value chain analysis of the GCC bakery products market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
GCC Bakery Products Market Segment Insights:
The GCC bakery products market has been analysed as followed:
By Product Type:
By Bakery Type:
By Distribution Channel:
Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Highlights of the GCC Bakery Products Market Report:
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