Evolving Consumer Behavior, Retail Trends, and Dynamic Growth Strategies Propel Value Chain Transformation
This research service aims to outline the growth outlook and top predictions for 2021 for the GCC food & beverage retail market. The scope of the study comprises analysis of six key categories: cereals, bakery, dairy, meat, fruits & vegetables, and beverages across KSA, UAE, and RoGCC. The outlook offers a perspective into the disruptions that occurred in 2020, as a result of the COVID-19 outbreak, and how these disruptions changed the outlook for the industry and ushered a paradigm shift toward the new normal. It provides a lens on the changing shares and contributions toward retail and HORECA for any given category in 2020 vis-a-vis 2019, and how the resumption of a normal course of operations will unfold in 2021. It highlights the new market dynamics of omnichannel consumption, along with health and wellness, which will serve as a major foundation of the ethos and behavior of GCC consumers during grocery purchases. It also highlights the prevalence of eCommerce platforms and how organizations are investing in last-mile delivery logistics to offer an attractive value proposition to the client over the next 5 years.
