The GCC food & beverages industry is one of the promising sectors in the region driven by a range of growth drivers including population boom, increasing disposable income, and rising tourist inflows, among others. Government initiatives focused on reducing the region’s import reliance are expected to further boost the industry’s growth. The industry is projected to reach a market value of USD 128.2 billion by 2029, growing at a CAGR of 6.1% between the years 2024 to 2029.
