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Dubai, UAE : Worldwide consumption of food and beverages will account for 8.9 per cent of GDP by 2030 – up from today’s 8.5 per cent - according to the Gulfood Global Industry Outlook Report 2019 released today at the world’s largest annual food and beverage trade exhibition.
With the rising demand driven by growing and more urbanised regional populations, the strongest demand is due to emanate from Asia, the Middle East and Africa, which the report identifies as areas of “high potential”.
Compiled by Euromonitor International, the knowledge partner of Gulfood, which runs until Thursday 21 February at Dubai World Trade Centre (DWTC), the report also reveals the Middle East & North Africa (MENA) region will record the highest percentage growth of any global territory in packaged health & wellness food.
The report also includes a Confidence Index encompassing survey results culled from more than 1,500 C-level global industry executives, as well as specific forecasts for the seafood, confectionery, snacks, ready-to-eat and ingredients segments. The 150-page report also boasts a complete analysis on the future of retail and the private label market as DWTC readies to launch its Private Label & Licensing Middle East (PRIME) show in October.
“The report makes for essential reading for all involved in the F&B sector,” explained Mark Napier, Exhibition Director, Gulfood 2019. “Alongside regional trends, the report identifies key consumer indicators, such as more convenience-seeking, yet wellness-giving lifestyles emanating from an unprecedented population shift from rural to urban living which is impacting global consumption habits while painting an incisive portrait of tomorrow’s consumer.”
Gulfood 2019 is a trade event open strictly to business and trade visitors. The show is open 11am-7pm from February 17 – 20 and 11am-5pm on February 21. For more information, visit www.gulfood.com
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About Gulfood: www.gulfood.com
Ahead of its 24th edition in 2019, Gulfood has established a position as the world's largest annual food & beverages trade show. The trade-only show is professionally managed and hosted by the Dubai World Trade Centre (DWTC).
About Dubai World Trade Centre (DWTC): www.dwtc.com
DWTC brings more than 35 years’ experience delivering world-class events in the Middle East and provides local, regional and international exhibitors with unmatched expertise and in-depth market knowledge. Our team organises more than 20 of the largest and most successful international and regional shows in Middle East, providing an ideal platform for business development in the region. Our commitment to on-going innovation within the exhibition industry has supported the rapid growth and development of a wide range of business-to-business and business-to-consumer shows, and delivered consistent satisfaction to exhibitors and visitors. DWTC works with the leading trade bodies and industry associations to ensure that all exhibitions deliver full value and are built upon the real needs of their specific sector.
For more information, please contact:
Naina Chaudhary
MCS/Action
+971 4 3902980
Sura Manhal Al Yaziji
PR and Media Relations Manager, Dubai World Trade Center
+971 4 3086087
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