GCC Food Ingredients Market

GCC Food Ingredients Market Overview

The food ingredient is referred to as a substance that is usually added to a food product in order to maintain the desired effect. It includes various food additives, which are added to food products for specific technical or functional purposes during the processing, storage, or packaging. There are basically two types of food additives which include direct and indirect. The food ingredients offer high convenience and enables the food makers to produce a range of food products that are safe, uniform, and tasty at the same time.

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Major GCC Food Ingredients Market Drivers

One of the biggest factors that is contributing to the growth of the GCC Food Ingredients market includes the increasing demand for ready-to-eat food and convenience food products. With the rapid urbanization in the GCC countries, there has been an increase in the trade activities in several sectors. This has surged the export & import of food ingredients, especially for maintaining the quality and improving the shelf-life of the food products. In addition to this, the rising population in the UAE, Saudi Arabia, Kuwait, and other countries is indirectly increasing the demand for food ingredients in this region. Moreover, the rising number of food-borne diseases among people has pushed them to become more health-conscious and opt for natural food ingredients. Thus, the rising demand for organic and natural food ingredients is further propelling the demand for the market.

The government of various countries is focusing on monitoring the overall food security activities to ensure proper food products reach the target consumers. In 2020, the government of the UAE established the Emirates Council for Food Security (ECFS) to oversee the food security activities in the country in order to improve self-sufficiency. In addition to this, the ECSF helps in meeting the aim of the National Food Security Strategy 2051. In 2018, the Saudi Arabia Food and Drug Authority (SFDA) instructed food facilities in the Kingdom of Saudi Arabia to display both the ingredients and the total number of calories in the food and beverages. All these factors will sure the demand for food ingredients over the coming years.

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The growing application of food ingredients in bakery segment is further growing the demand of the market during the forecast period. This is mainly due to the growing demand for bakery & confectionery, convenience food products, sauces, drinks, and other food products. Furthermore, the growing penetration of smartphones and the internet has pushed consumers to opt for the online distribution channel. Various benefits offered by online stores such as 24*7 service, a wide range of products, free home delivery, among others, are further attracting individuals towards this distribution channel.

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There has been an increase in the application of food ingredients, particularly in functional food products. The rising demand for frozen food products is boosting the growth of the market. Saudi Arabia is one of the largest population countries in the GCC region, with around 33 million residents in 2018, which increased by an annual rate of 2%. Moreover, the growing demand for stabilizers, thickeners, binders & texturizers, and emulsifies is further boosting the market growth.

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