{"id":2939,"date":"2018-02-15T06:48:26","date_gmt":"2018-02-15T06:48:26","guid":{"rendered":"http:\/\/middleeastevents.com\/blog\/?p=2939"},"modified":"2018-02-15T06:48:26","modified_gmt":"2018-02-15T06:48:26","slug":"the-gcc-fb-market-set-to-grow-to-us-196-billion-by-2021-according-to-mena-research-partners","status":"publish","type":"post","link":"https:\/\/www.middleeastevents.com\/blog\/the-gcc-fb-market-set-to-grow-to-us-196-billion-by-2021-according-to-mena-research-partners\/","title":{"rendered":"The GCC F&#038;B Market Set To Grow To US$ 196 Billion By 2021, According To MENA Research Partners"},"content":{"rendered":"<p>The food and beverage sector in the Gulf Cooperation Council (GCC) states is expected to continue to grow at a healthy 7.1% annually, reaching US$ 196 billion by 2021, from the current US$ 130 billion, according to MENA Research Partners, a leading research company in the region. Saudi Arabia alone accounts for more than half of the market share, followed by the UAE with 31%. Kuwait, which is the third largest F&amp;B market in the region, is set to witness the fastest expansion at 9.6% per year.<\/p>\n<p>The food and beverage products\u2019 segment, characterised by a large presence of international brands, either manufactured regionally through local factories or imported through distributors, accounts for the lion\u2019s share of the market at 70%. However, the foodservice segment, led by international chains represented by regional franchise partners, is set to outperform the sector\u2019s growth, expanding by 8.4% annually until 2021.<\/p>\n<p>Anthony Hobeika, Chief Executive Officer at MENA Research Partners, says ahead of Gulf Food 2018: \u201cThis surge is driven by the growth in disposable income, a shift from dining-in to dining-out and a trading up in the dining-out habits and preferences. Also, catering concepts fueled by home and office delivery and online food ordering are gaining popularity. Moreover, higher health awareness, as a result of the prevalence of chronic diseases in the GCC, has led to a growing demand for healthy foods and allergen-free products.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2940 size-full\" src=\"http:\/\/middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/Anthony-Hobeika.jpg\" alt=\"\" width=\"1277\" height=\"1687\" srcset=\"https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/Anthony-Hobeika.jpg 1277w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/Anthony-Hobeika-227x300.jpg 227w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/Anthony-Hobeika-768x1015.jpg 768w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/Anthony-Hobeika-775x1024.jpg 775w\" sizes=\"auto, (max-width: 1277px) 100vw, 1277px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The food and beverage sector in the Gulf Cooperation Council (GCC) states is expected to continue to grow at a healthy 7.1% annually, reaching US$ 196 billion by 2021, from the current US$ 130 billion, according to MENA Research Partners, a leading research company in the region. Saudi Arabia alone accounts for more than half [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2940,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/2939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/comments?post=2939"}],"version-history":[{"count":1,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/2939\/revisions"}],"predecessor-version":[{"id":2941,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/2939\/revisions\/2941"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media\/2940"}],"wp:attachment":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media?parent=2939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/categories?post=2939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/tags?post=2939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}