Food - Kuwait

Kuwait

Revenue in the Food market amounts to US$12.90bn in 2024. The market is expected to grow annually by 5.31% (CAGR 2024-2029).
The market's largest segment is the segment Confectionery & Snacks with a market volume of US$2.57bn in 2024.
In global comparison, most revenue is generated in China (US$1,601bn in 2024).
In relation to total population figures, per person revenues of US$2,613.00 are generated in 2024.
In the Food market, 3.2% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 3,213.00m kg by 2029. The Food market is expected to show a volume growth of 2.4% in 2025.
The average volume per person in the Food market is expected to amount to 583.30kg in 2024.

Key regions: United States, Canada, China, India, South Korea

Definition:

The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.

Structure:

The market consists of 13 different markets:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included. The out-of-home revenue data is only shown as a separate box at the market level.

For more information on the displayed data, click the info button on the right side of each box.

Market

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Region comparison

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Analyst Opinion

The Food market in Kuwait has seen slow growth, influenced by factors such as a shift towards healthier food choices, increasing import regulations, and competition from local food producers. While convenience and variety drive consumer demand, concerns over safety and sustainability are also shaping the market. The Dairy Products & Eggs sub-market is experiencing steady growth, while the Meat, Fish & Seafood sub-market is being impacted by concerns over cruelty-free and sustainably-sourced products. Overall, the market's growth rate is being constrained by changing consumer preferences and government regulations.

Customer preferences: One notable trend in the Kuwaiti food market is the growing demand for healthier and more sustainable food options. As the younger generation becomes more health-conscious and environmentally aware, there has been an increase in the consumption of organic, plant-based, and locally sourced products. This shift in consumer preferences is also driven by the desire for transparency and ethical sourcing practices. In addition, the rise of social media influencers promoting healthy eating habits has further contributed to this trend. As a result, there has been an emergence of niche health food stores and online delivery services catering to this growing demand.

Trends in the market: In Kuwait's Food Market, there is a noticeable shift towards healthier and more sustainable food options. This trend is influenced by growing consumer awareness and demand for ethically-sourced and organic products. In response, food industry stakeholders are increasingly offering plant-based and locally-sourced options on menus and in grocery stores. This trajectory is significant as it reflects the changing consumer preferences and the potential for growth in the health and wellness sector. However, this trend also poses challenges for traditional food businesses, as they may need to adapt their supply chains and operations to meet the demands of this emerging market.

Local special circumstances: In Kuwait, The Food market is heavily influenced by the country's geographical location as a major trading hub in the Middle East. The market is characterized by a diverse range of food products, reflecting the cultural diversity of the country. Additionally, strict regulations on food imports and production ensure the safety and quality of food products in the market. Furthermore, the strong influence of Islamic culture in the country also impacts The Food market, with a high demand for Halal-certified products. These unique factors contribute to the dynamic and competitive nature of The Food market in Kuwait.

Underlying macroeconomic factors: The Food market in Kuwait is heavily influenced by macroeconomic factors, including the country's national economic health, fiscal policies, and global economic trends. With a stable economy and a strong focus on diversification, Kuwait has seen sustained growth in its food market. The government's investments in infrastructure and favorable regulatory environment have also contributed to the market's growth. Additionally, the increasing demand for healthy and organic food options, coupled with the rising disposable income of the population, has further fueled the growth of the market. As Kuwait continues to invest in its economy and promote a healthy lifestyle, The Food market is expected to experience continued growth.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.