Lebanon: agro-food sector growth at 11 percent

The agro-food sector has been increasing at a compound annual growth rate (CAGR) of 11 percent, according to ‘Investment Opportunities in the Agro-food Sector 2016’ report issued by the Investment Development Authority in Lebanon (IDAL).

The sector has an estimated workforce of 21,000 constituting the highest share of the industrial sector.

Bakery and pastry products represented around 23 percent of the agro-food sector. This was followed by confectionery, 22 percent, dairy products, 16 percent, starch products eight percent, and alcoholic drinks, seven percent.

Agro-food exports increased 25 percent during the last four years, reaching $550 million last year. Bakery and pastry products represented around 18 percent of exports, followed by dairy products, fruits and vegetables, oils, and alcoholic drinks.

[Full article here | Photo by Frontriver]