DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/5fl9ns/packaged_food) has announced the addition of the "Packaged Food Market in GCC 2015-2019" report to their offering.
The Packaged Food market in GCC to grow at a CAGR of 7.38% and 4.02% in terms of revenue and volume, respectively, during the period 2014-2019
Packaged food includes all consumable eatables/products that are properly packaged, with the manufacturer's name, price, nutrition facts information, ingredients information, address, and a UPC (universal product code) written on the label. They can be either branded or retailer's own brands (private label). The primary feature of a packaged food product is that it provides protection from contamination and is a convenient option for today's lifestyle.
One major trend in the market is an increase in advertisements of packaged food through media channels such as the internet, print media, and TV. Exposure to true information about products, packaged food companies, and the benefits of packaged food has influenced the young population toward consuming healthy packaged food.
According to the report, one of the major drivers in the Packaged Food market in GCC is an increase in population in the major GCC countries such as Saudi Arabia. Rise in disposable income and better living standards in most of the GCC countries significantly contribute to the growth of the F&B industry. In addition, the growing influence of western food habits among local residents increases the demand for packaged food products in GCC countries.
Further, the report states that a major challenge faced by vendors in the market is inflation in food prices, which often restricts people with lower incomes from buying packaged food. Rise in prices is attributed to the increase in imports and shortage of raw materials.
- Kraft Foods Group
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- GCC: An Overview
- Market Landscape
- Market Segmentation by Product
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/5fl9ns/packaged_food