Market Size of GCC Fruits and Vegetables Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.60 % |
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GCC Fruits and Vegetables Market Analysis
The GCC Fruit and Vegetable Market are poised to grow at a CAGR of 8.6% during the forecast period.
- The rise in the population is increasing the food security preferences in GCC countries, so people are becoming inclined toward foods with readily available nutrients. Fruits and vegetables are rich sources of required vitamins and minerals daily. The population is growing at a faster pace. For instance, according to the GCC Stat, the number of people in 2022 will be 59.56 million, increasing from 57.6 million in 2020. This population growth is giving rise to consumption.
- Additionally, the retail sale of fruits and vegetables in the region increased due to consumer preferences toward consuming healthy diets to boost immunity. The rise in awareness due to the increase in obesity and cardiovascular disease patterns in the GCC region pushes them towards healthier eating habits. This healthier consumption habit is increasing the demand for quality fruits and vegetables.
- Along with this, most of the countries in the GCC region are not self-sufficient in terms of fruits and vegetables. The climatic conditions are not suitable for cultivating fruits and vegetables, resulting in lesser yields. Hence, the countries primarily depend on imports to satiate their domestic demands. For instance, 2021, according to the ITC trade map, the implications of fruits to Saudi Arabia accounted for 25,669 metric tons in 2021, an increase from 25,493 metric tons in 2020. Thus, the dependency on imports is raising the import volume. Therefore, the increase in the population caters to the demand rise in imports, thereby contributing to the market's growth in the forecast period.
