published Date SEP 2018

Analysis of Agricultural Sector in GCC Countries

The market size of vegetables in Qatar was valued at USD 435.12 million in 2017 and it is estimated to reach USD 574.7 million by 2023, registering a CAGR of 5.72% during the forecast period of 2018-2023. The report Analysis of the Agricultural Sector in GCC Countries provides the key information on the status, segmentation, and government policies of agriculture in GCC countries.

Agricultural Sector in GCC Countries

The report delivers a detailed analysis on various aspects of the agriculture sector in GCC countries, including food crops, cash crops, fruits, vegetables, dairy, and fishery consumable & meat. The segmentation is done by regions which includes, Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Oman, and Qatar. To analyze the level of competition, threats, substitutes and bargaining powers of buyers and suppliers in the industry, Porter’s five forces analysis is also conducted. To explain the regional analysis, PESTLE analysis is also included in the report.

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The report discusses detailed analysis of each crop including, market size in USD million, domestic production overview, domestic consumption overview, import value & volume, export value & volume, area under cultivation, irrigation technologies under use, and current & future market prospects for all the GCC countries. Water unavailability and land constraints are the reasons for less crop production. Hydroponic systems are getting attention in GCC and companies have also started using them for vegetable and fruits production as this process requires less quantity of water and no land or soil.  Import of cereal crops like wheat, barley, millet, maize, and sorghum are continuously increasing as there is no production of these crops domestically.

GCC Countries Agricultural Market Dynamics

Growing population and rising per capita consumption, emerging market for re-exports, growing number of retail chains, and food security concerns are some of the factors driving the market. However,               limited arable land, heavy dependence on imports and increasing import bans, limited rainfall, and low water availability are the factors constraining the market. A large untapped opportunity for GCC retailers is the use of private labels. Private labels in the GCC account for 3% of total sales, varying from 5% in the more mature retail economies like UAE to less than 3% in economies like Saudi Arabia.

Many regional companies in the GCC region are seeking to sustain growth and widen their portfolios through M&A activities. Various companies still focus on staples for lower-income segments and have not caught up with changes in demand. In addition, a number of companies have complex ownership structures that are linked to large family conglomerates that are not interested in selling. Retailers like Panda and Lulu have taken very less time to open 100 stores when compared to Western counterparts, such as Morrisons, Waitrose and Sainsburys in the region.

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