Middle East and Africa (MEA) Food Market Opportunities, Trends, Growth Analysis and Forecast to 2028

MEA Food Market Report Overview

The MEA food market size was $277.9 billion in 2023 and will grow at a CAGR of more than 3% during 2023-2028. The affluent population in the Middle East will play an important role in the industry’s growth. Furthermore, consumers’ purchasing power in Africa will increase, stimulating growth in their food purchases thereby driving the market.

MEA Food Market Outlook 2023-2028 ($ Billion)

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The MEA food market research report covers a comprehensive overview of consumption of various food products by sector, for the period 2018-2028. To help market players understand future market opportunities, the report covers high-potential countries based on key factors such as economic development, governance, socio-demography, and technological infrastructure.

The actionable insights, through our elaborate product profiling and company market share details, help gain a competitive advantage and get familiarized with product offerings by leading brands. Furthermore, our analysts have reviewed the distribution channels and the packaging materials based on volume sales of products, to identify better avenues for market reach and product exposure.

MEA Food Market Segmentation by Sector

The key sectors in the MEA food market are bakery & cereals, dairy & soy food, savory & deli foods, oils & fats, meat, and others. In 2023, the bakery & cereals sector amassed the largest value share, followed by dairy & soy food. However, the oils & fats sector is forecast to register the fastest growth during the forecast period.

MEA Food Market Analysis by Sector, 2023 (%)

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MEA Food Market Segmentation by Country

The key countries in the MEA food market are UAE, Nigeria, Saudi Arabia, and Algeria. These countries were shortlisted as high-potential countries, primarily due to their large food industry sizes, projected high-value growth rates, and rising per capita value levels. In 2023, Saudi Arabia accounted for the largest share of the MEA food market. However, Nigeria is set to record the fastest value CAGR during 2023-2028.

MEA Food Market Analysis by Country, 2023 (%)

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MEA Food Market Segmentation by Distribution Channel

The key distribution channels in the MEA food market are hypermarkets & supermarkets, food & drink specialists, convenience stores, e-retailers, cash & carries and warehouse clubs, and others. Hypermarkets & supermarkets was the leading distribution channel across most high-potential countries in 2023.

MEA Food Market Analysis by Distribution Channel, 2023 (%)

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MEA Food Market Segmentation by Packaging Type

The key packaging materials in the MEA food market are flexible packaging, rigid plastics, paper & board, rigid metal, and glass. Flexible packaging was the most used pack material in the MEA food market in 2023. Additionally, the bag/sachet pack type was the most used in the MEA food market in the same year.

MEA Food Market Analysis by Packaging Type, 2023 (%)

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MEA Food Market – Competitive Landscape

A few of the leading companies in the MEA food market are:

• Almarai
• Nestle
• PepsiCo, Inc.
• Enterprise Foods Ltd.
• Solico Group

In 2023, Almarai was the leading company in the Middle East and Africa’s food industry in 2023. The company derived most of its value sales from its dairy & soy food offerings. The company also had a considerable presence in the bakery & cereals sector.

MEA Food Market Analysis by Companies, 2023 (%)

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Segments Covered in this Report

MEA Food Market Sector Outlook (Value, $Billion, 2018-2028)

• Bakery & Cereals
• Dairy & Soy Food
• Savory & Deli Foods
• Oils & Fats
• Meat

MEA Food Market Countries Outlook (Value, $Billion, 2018-2028)

• UAE
• Nigeria
• Saudi Arabia
• Algeria

MEA Food Market Distribution Channel Outlook (Value, $Billion, 2018-2028)

• Hypermarkets & Supermarkets
• Food & Drink Specialists
• Convenience Stores
• E-Retailers
• Cash & Carries and Warehouse Clubs

MEA Food Market Packaging Type Outlook (Value, $Billion, 2018-2028)

• Flexible Packaging
• Rigid Plastics
• Paper & Board
• Rigid Metal
• Glass

Scope

Provides an overview of the current food industry scenario regarding the future outlook in terms of ingredients, product claims, labeling, distribution, and packaging. The analysis also covers the regional overview of the Middle Easta nd Africa region — highlighting industry size, growth drivers, latest developments, and future inhibitors for the region.

Key Highlights

The report provides:

• An overview of the current food industry scenario regarding the future outlook in terms of ingredients, product claims, labeling, distribution, and packaging.
• The regional overview of the Middle East and Africa region — highlighting industry size, growth drivers, latest developments, and future inhibitors for the region.

Reasons to Buy

• Manufacturing and retailers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region.
• The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape, and demographic analysis, that can help companies gain insight into the country-specific nuances.
• The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.
• To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.