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In a market valued at more than $5 trillion globally, the business opportunities are vast and the stakes are high. To grow, you must remain agile, sourcing the latest products from the most competitive suppliers armed with real-time knowledge of industry pricing and forthcoming trends.
That’s why Gulfood is your gateway to new food business in established, evolving and emerging markets. Only here can you access more than 5000 local, regional and international suppliers from 5 continents during a critical phase in the annual world harvest cycle. Global prices are set here, and it is from this foundation that your business year will evolve.
The MENA region is the third fastest growing region for dairy and has overtaken Eastern Europe with a value CAGR of 4.9% over the forecast period as compared to a global performance of 2.3% over the next five years. The market in the region is unsaturated with per capita spend on dairy at just US$25 per head, the lowest in the world. This means that there is huge growth potential with improving efficiencies in cold storage in a developing retail environment for perishable food. With the exception of Iran, yoghurt and sour milk products has seen a strong performance across all markets.
In line with increased urbanisation, demand for on-the-go dairy solutions will continue to increase due to consumers having less time to prepare food, especially with female participation in the workforce on the rise.
*Source: Euromonitor International