Research and Markets: Major sectors of the GCC Economic Model Review - Analysis, Trends, Opportunities & Forecasts 2015-2020
Research and Markets (http://www.researchandmarkets.com/research/d2chx4/analysis_of_major)
has announced the addition of the "Analysis
of Major sectors of the GCC economic Model: Report on Agriculture,
Dairy, Meat, Fruits and Vegetables, Aquaculture, Desalination,
Manufacturing and Construction (2015-2020)" report to their
offering.
The Gulf food sector is set to experience robust growth in the medium to
long term due to rising income levels, growing population, urbanization
and increase in organized retail trade. Food consumption in the GCC
region will expand at a CAGR of 3.1% over 2012-17, reaching 49.1mn
metric tonnes by the end of 2017. The GCC market for dairy products has
grown at an estimated rate of 50% during the period 2007-2012. Saudi
Arabia is still the largest consumer of dairy products with a market
share of over 67% in GCC countries.
The continued rise in crude oil prices has spurred economic growth in
the GCC region. The increased affluence has led to a shift in
consumption pattern from carbohydrate-based to a protein-based diet,
thus augmenting the demand for meat and meat products. Growing
population is another factor responsible for rise in consumption.
GCC emphasis on greater food security has led to vertical agriculture
which provides greater yields and subsidies for farmers are the main
reasons for an increases in production of fruits and vegetables. Fish
consumption in the GCC is estimated at 10 kg per person per year, with
UAE on top in the regional rankings in the consumption of seafood with
33 kilograms per person. Aquaculture is relatively new in Saudi Arabia
and there are not many rules and regulations governing the sector.
Report Structure:
1. Executive summary
2. Agriculture
3. Dairy
4. Meat & livestock
For more information visit http://www.researchandmarkets.com/research/d2chx4/analysis_of_major
View source version on businesswire.com: http://www.businesswire.com/news/home/20151222005854/en/
Copyright Business Wire 2015
Source: Business Wire
(December 22, 2015 - 2:09 PM EST)
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