Food Retail Israel and GCC Tortilla Market Revenue By Country (USD Million)
Synopsis
The above chart is Food Retail Israel and GCC Tortilla Market Revenue By Country (USD Million)
Market Dynamics
food retail in israel and the gcc (gulf cooperation council) countries comprises a significant portion of their respective economies. in recent years, there has been a growing demand for food retail, specifically for products such as tortillas, in these regions.
one of the main factors driving the demand for tortillas in israel and the gcc countries is the rising popularity of latin american cuisine among the local population. with the increase in international travel and exposure to different cultures, people in these regions have developed a taste for mexican and tex-mex dishes, which heavily utilize tortillas. this has led to a surge in demand for tortillas in food retail outlets, including supermarkets, hypermarkets, and convenience stores.
moreover, the growing trend of convenience and ready-to-eat meals has also contributed to the demand for tortillas. tortillas are versatile and can be used as a base for a variety of meals such as fajitas, quesadillas, and wraps, making them a convenient option for busy individuals. this has resulted in increased sales and revenue for food retail companies selling tortilla products.
in terms of revenue by country, the gcc countries, which include bahrain, kuwait, oman, qatar, saudi arabia, and the united arab emirates, are expected to experience a higher growth rate compared to israel. this can be attributed to the increasing population and urbanization in these countries, which has led to a rise in the number of food retail outlets and demand for convenient food options.
the united arab emirates (uae) is the largest market for tortillas in the gcc, with the presence of global retail chains and a diverse population contributing to the high demand for the product. saudi arabia is another major market, driven by the implementation of economic reforms and increasing government investments in the food industry.
in israel, the demand for tortillas is mainly driven by the country's growing tourism industry. israel's unique blend of middle eastern, mediterranean, and international influences makes it an attractive destination for travelers, leading to an increase in demand for international food products, including tortillas.
in conclusion, the demand for tortillas in israel and the gcc countries is primarily driven by the popularity of latin american cuisine and the trend of convenience and ready-to-eat meals. the gcc countries, with their growing urban populations, are likely to contribute more to the revenue in the food retail market for tortillas. however, israel's tourism industry is a crucial factor in driving the demand for tortillas in the country.