Market Trends of GCC Bakery Ingredients Industry
This section covers the major market trends shaping the GCC Bakery Ingredients Market according to our research experts:
Breads Segment Held a Major Share by Application
GCC bakery ingredient market is segmented by application into bread, cake & pastry, roll & pie, cookie & biscuit, and other bakery products such as waffles, brownie, crackers, tart, croissants, pancakes, donuts, etc. The bread segment occupies a major share of 50% in the market, followed by the cake & pastry segment. Saudi Arabians consume more bread per person than any other country. Bread is eaten with the main course, and can be dipped in gravy, or used to hold meat and vegetables. The most popular bread in the UAE is the tandoori bread, which is a single-layered flatbread, baked in a shell oven and made of medium-hard wheat. Furthermore, Bread is the dominant category in baked products and is expected to be the dominant category in the future.
Saudi Arabia Held the Major Market
GCC region offers a wide scope for the nations worldwide, to export their bakery products and to meet the consumer demand in the region. Among the GCC nations, Saudi Arabia holds the major share, while countries like UAE, Kuwait and Bahrain account for the fastest growing nations in the region. Kuwait’s domestic agricultural production is almost negligible, due to climatic conditions in the country, whereas the demand for the bakery products or their ingredients is ever increasing. Saudi Arabia is the 20th largest market for bakery products in the world. The market fell in ranking, due to government initiatives like the NITAQAT program, which is an initiative to encourage businesses to hire Saudi nationals.
