The food and beverage sector in the Gulf reached $94 billion in 2023. The sector is expected to grow by about 6 percent annually to exceed $128 billion by 2029.
The two markets are the largest in the Saudi region and the UAE, where food and beverage revenues in the UAE reached $ 38 billion in 2023, while the value of the food and beverage market in Saudi Arabia was estimated at $ 28 billion.
Technology and startups have supported the food sector and have seen a surge in investments in delivery platforms, restaurant management programs, and sustainable practices, which include economic diversification and the promotion of a healthier lifestyle, reinforcing this upward trajectory.
Source (Al-Arabiya.net Website, Edited)
