Alpen Capital：2023年海湾国家食品行业报告（第28版）（中译版）（109页）.pdf

1、 Page|1 GCC Food Industry|November 28,2023 Page|2 GCC Food Industry|November 28,2023 Table of Contents 1.EXECUTIVE SUMMARY.7 1.1.Scope of the Report.7 1.2.Industry Outlook.7 1.3.Growth Drivers.7 1.4.Challenges.8 1.5.Trends.8 2.THE GCC FOOD INDUSTRY OVERVIEW.9 2.1.Country-Wise Market Overview.16 2.2.

2、Demand and Supply of Major Food Categories.25 3.THE GCC FOOD INDUSTRY OUTLOOK.30 3.1.Forecasting Methodology.30 3.2.The GCC Food Consumption Forecast.31 3.3.Country-wise Market Size Forecast.33 4.GROWTH DRIVERS.40 5.CHALLENGES.49 6.TRENDS.54 7.MERGER AND ACQUISITION(M&A)ACTIVITIES.58 8.FINANCIAL AND

3、 VALUATION ANALYSIS.60 8.1.Financial Performance.60 8.2.Valuation Analysis.68 COUNTRY PROFILES.72 COMPANY PROFILES.79 Page|3 GCC Food Industry|November 28,2023“Food Industry(except Restaurants/Foodservice)saw an increased growth during 2020 and good part of 2021 as people spent a lot of time at home

4、 leading to increased consumption,and loading of pantries at home etc.However,since then,on the supply side,the industry has witnessed a significant inflation in costs(due to rising interest rates/financing costs,Russia-Ukraine war,high energy prices etc.)leading to decline in profitability.On the d

5、emand side,consumer preferences are changing in terms of seeking more value for money,demanding healthier alternatives and convenience both in terms of food(snacking,ready-to-go food)and availability(online shopping).The trade structure is also evolving with new formats like discounters also challen

6、ging the Modern Trade.In GCC,we have also seen increased competition from international players committing to the region with greater manufacturing and R&D investments.Compared to western markets,GCC with its growing population,younger working population,high disposable incomes,relatively lower per-