uae food industry analysis

Buoyed by favorable macroeconomic factors and thriving tourism, retail sales in the country are forecast to register a robust CAGR of 6.9% during 2016-2021 to reach AED290.7 billion by 2021. According to Mintel Global New Products Database (GNPD), just 2% of food and drink launches in the UAE were positioned as organic in the year to October 2017. According to research conducted by MENA Research Partners, the food sector in the Gulf Cooperation Council (GCC) will grow more than 7 percent annually. The United Arab Emirates, often simply called Emirates, is a powerful country in the Middle East. UAE foodservice market is forecasted to grow at a CAGR of 5.22% during the forecast period (2019 - 2024). UAE Food Retail Industry Opportunities Analysis UAE and Saudi Arabia are the major food consumption countries during the forecast period. The upcoming Gulfood will definitely showcase the UAE’s growing strength in the sector, as well as the latest trends and innovation happening globally; a good part of which much is increasingly happening across the GCC. © 2020. Despite the UAE importing most of its food, food security and promoting locally-made products is also important. The price trend analysis covering the major crops produced across the UAE has also been included. UAE Foodservice Market Growth, Trends, and Forecasts (2020 - 2025) UAE food service Market is segmented by Type as food service outlets as Full-service restaurant, Fast food restaurant (QSR),Café/bars, 100% Home delivery, and Street stalls/kiosks; and by structure as independent consumer food service and chained consumer food service. It has been making tremendous progress in many fields since its full independence in 1971. The publisher analyzes the Food Retail Industry in the UAE in Michael Porter’s Five Forces Analysis. 8 Food Industry jobs in Dubai on totaljobs. JSB Market Research announced Latest Trending Market Research Report Titled “Country Profile: Dairy and Soy Food in the UAE” under the Food and Beverages category. The food industry is the second largest sector in the country, important generally for the local UAE, across the GCC, as well as for the region which is undergoing large-scale economic development and diversification – some the notable ones include Saudi Vision 2030 and UAE Centennial 2071. Examine The UAE Online Food Industry Through Porter’s 5 Forces Analysis. Frost & Sullivan's recent analysis, 2020 Outlook of the KSA and UAE F&B Market, finds that the food and beverage (F&B) market in Saudi Arabia (KSA) and the UAE will register steady growth throughout 2020. To understand geography trends, Download Sample Report. Additionally, higher earnings have resulted in the income growth of the consumers, thereby boosting their expenditure on eating out. Over the past five years, full-service restaurants held a prominent market share in the dine-out or food-away-from-home (FAFH) market. For instance, thanks to the government’s strong focus on agriculture, the country is now over 80% self-sufficient for milk and almost 40% self-sufficient in its demand for eggs, according to BMI research. Imports net of re-exports in the food & beverage sector was around 43 billion AED in 2017 with a domestic consumption size of 112 billion AED. With the UAE's population estimated to hit 10 million by 2025 and tourism numbers poised to reach 20 million by 2020, Lootah acknowledged that the UAE's key food manufacturing industry … Interviews were conducted during the third and fourth quarters of Global Uae Frozen Food Market Size, Share, Trends and industry analysis now available from IndustryARC.Report reveals Uae Frozen Food Market in the industry by Type, Products and application. Arabian Gazette is your window to the Middle East and North Africa region that provides you with insightful news, features and analysis about matters related to business, economy, finance, society, technology and environment. The UAE market presents retailers with diverse relatively high-income consumers. In fact, a consumer survey revealed that 32.6% of the consumers in UAE were willing to spend between AED 101 and AED 300 on eating out, reflecting a high willingness to spend on eating out. The UAE pet food market reached a value of US$ 58.4 Million in 2019. 1.1 Study Assumptions & Market Definition, 4.3 Industry Attractiveness - Porter's Five Force Analysis, 4.3.1 Bargaining Power of Buyers/Consumers, 4.3.4 Threat of Substitute Products and Services. The publisher analyzes the Food Retail Industry in the UAE in a PEST Framework Analysis. Click here. Tourist arrivals by top source markets (in ‘000s) – Dubai (2014 vs. 2017)9 6. According to the World Bank, the United Arab Emirates had one of the top 25 Gross Domestic Products per capita in 2014 [1]. A PEST analysis is concerned with the environmental influences on a business. The UAE boasts a favourable environment for the food & beverage business, this according to the BMI Risk/Reward index, having the UAE rank first in the region and fourth globally in food & beverage investment environment attractiveness. The Dubai Chamber of Commerce and Industry also hosted Gulfood Connect, a networking breakfast, at the chamber premises on Monday to highlight Dubai’s status as a major food … According to the same report from Dubai Exports, the UAE’s food & beverage industry is by far one of the most important manufacturing sectors in UAE with many starting operations as far back as the early seventies. The 2018 UAE Food & Beverage report reflects the views of 25 industry stakeholders, operating throughout the Emirates. UAE is considered as a developing market for online food ordering and delivery sector. As the country-wise share in total GCC food consumption is not to much change until 2021. With an increasing propensity to dine out, consumers in the country are driving the market through increased consumption of food in fast-food chains and full-service restaurants. There are eight show sectors: beverages; dairy; fats & oils; health, wellness & free-from; meat & poultry; power brands; pulses, grains & cereals; and world food. Includes comprehensive data and analysis… More large type stores are being built. Pestle Analysis: In-depth Insights Of UAE Online Food Industry. Taking overnight visitors into consideration, Dubai would have more outlets per million than New York City, highlighting Dubai’s positioning as a global food & beverage destination. With each year’s report, our endeavor is to listen to the voice of the industry, analyze upcoming trends and address some of the challenges faced by owners and operators. The UAE also imported US$424.6 million of U.S. processed foods in 2019, an increase of 6%. Gulfood is such a global show it now, for many in the food and beverage space, has its coveted place in the crème of the crème of major global food shows – which include the likes of the biannual food shows like ANUGA in Cologne, Germany and SIAL in Paris. Additionally, consumers in the region are generally observed to comfortably pay a premium price for quality food. Waah Taj! In addition, it analyzes the key consumer trends influencing UAE food and grocery retail industry. According to consultancy Oxford Economics, it is set to grow marginally faster — by another 34% — in the 10 years leading to 2027. The overall expenditure on F&B in the UAE is estimated to increase by 6.9 percent year-on-year (YoY), reaching $37 billion in 2020 from $34.6 billion in 2019. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. Additionally, there is a stiff competition among the foodservice providers, based on pricing, quality of foodservice, calorie intake per meals, and healthier menu options. The market is further projected to reach a value of around US$ 81.9 Million by 2025, at a CAGR of 5.8% during 2020-2025. The UAE Food market overview The UAE F&B market has grown by around 5% between 2013 and 2014 driven primarily by an increased number of transactions. After a sharp decline in oil prices produced several years of macroeconomic slowdown, the UAE is projected to continue to have modest economic growth in 2018 but recover to 3% growth next year. Like other Middle Eastern countries UAE isn’t gifted with anything but abundant oil and hence Dubai was made a tourist attraction all through government spending on its infrastructure. Some of the US fast-food chains continue to dominate the fast-food restaurant sector in the country, with the presence of major food chains, such as KFC, McDonald’s, Pizza Hut, Burger King, Hardee’s, and Domino's Pizza. From 2007 to 2017 the UAE’s industrial sector grew by approximately 31%. Food Retail Industry in the UAE– Porter’s Five Forces Strategy Analysis The UAE retail sector continues to grow, supported by the upgrading of existing retail stores and the addition of state of the art new mega retail stores. Market research on consumer products, commercial industries, demographics trends and consumer lifestyles in the United Arab Emirates. 6. A detailed analysis of the agriculture market in the United Arab Emirates is provided by giving production, consumption, imports, and exports of fruits and vegetables within the country. In January 2016, H. H. Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE approved the Federal Law No. UAE food service Market is segmented by Type as food service outlets as Full-service restaurant, Fast food restaurant (QSR),Café/bars, 100% Home delivery, and Street stalls/kiosks; and by structure as independent consumer food service and chained consumer food service. The United Arab Emirates is a federation of absolute hereditary monarchies. The United Arab Emirates, often abbreviated to just the ‘UAE’, is an affluent Middle Eastern country located on the Arab Peninsula. Uae Frozen Food Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 - 2024. After a thorough industry analysis, McDonald’s was identified as the market leader and was selected as a key player on which to carry out an evaluation regarding their international marketing activities. The UAE food retail sector continues its aggressive growth. On the one hand, consumers have more to spend on food and robots can reduce expenses. JLL Real Estate Market Overview- Dubai - Q1 2018, JLL’s 2017 Year in Review report for UAE The market is expected to pick up further during the period to 2022. Outlet growth has been driven by a mix of expansion of existing chains as well as new brands and concepts entering the UAE market. On … High disposable income, rising tourist arrivals, increasing urban lifestyles, and evolving consumer preferences have been propelling the growth of foodservice market in the country. It’s a mix of positives, negatives, and uncertainties. The United Arab Emirates is a federation of absolute hereditary monarchies. KPMG in its report highlighted that the restaurant footprint of UAE, specifically Dubai – which is measured by the number of restaurants/food & beverage outlets per million population – does compare well with other established global food and beverage markets, which includes Paris, London and New York City. The market studied is segmented by type and structure. For the purpose of this study, Grand View Research has segmented the global online food delivery services market report based on type, channel type, payment method, and region: 69 billion AED of consumption came from the local manufacturing industry, meaning 62% of the domestic food & beverage needs derived from the UAE’s local manufacturing industry. … Fast-food restaurants are one of the key factors driving the market studied. Based on type, the market studied is segmented into foodservice outlets and catering or institutional food sector, wherein foodservice outlets are sub-segmented into full-service restaurant, fast food restaurant (QSR), café/bars, 100% home delivery/takeaway, self-service cafeterias, and street stalls/kiosks. PESTLE Analysis; Political: Each one of the 7 emirates of the UAE has individual governmental organizations. It uses concepts developed in Industrial Organization (IO) economics to derive five forces that determine the competitive intensity and therefore attractiveness of a market. UAE Foodservice or Consumption Drivers. The report also includes value chain analysis of fruits and vegetables in the Algerian region. Based on structure, the market studied is segmented into independent consumer foodservice and chained consumer foodservice. 11 UAE Dog Food Industry: Value Chain Analysis 11.1 Overview 11.2 Research and Development 11.3 Raw Material Procurement 11.4 Manufacturing … This positive current account balance indicates the UAE is net lender to the whole world. What’s more, eaters’ diets are becoming increasingly more specific. To understand key trends, Download Sample Report. Report scope can be customized per your requirements. We’ll get you noticed. The food industry is the second largest sector in the country, important generally for the local UAE, across the GCC, as well as for the region which is undergoing large-scale economic development and diversification – some the notable ones include Saudi Vision 2030 and UAE Centennial 2071. 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Companies based in the United Arab Emirates have started operation in the complex, such as Al Islami Food. The UAE is the 2 nd largest U.S. export market for processed foods in the Middle East after Saudi Arabia. Report Code: FBR 74289 Report Format: PDF + Excel (Delivery in 48 Hrs) $ 5900 Single User License ? Host to many world-class events and gatherings, Dubai hosts the annual Gulfood – now the world’s largest annual food & beverage trade exhibition – this year, from February 17-21 2019 at the Dubai World Trade Centre. IMARC Group’s latest report, titled “UAE Pet Food Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, finds that the UAE pet food market reached a value of US$ 55 Million in 2018. According to experts, this sector has a latent potential for manufacturers growth. This statistic describes the market value of the fast food sector in the United Arab Emirates in 2015, by category. United Arab Emirates Food Industry News Monitoring Service from EIN News; Media Monitoring & Online News Monitoring of United Arab Emirates Food Industry. November 10, 2020 November 10, 2020 vishal@vishalranjan.com Leave a Comment on UAE Cat Food Market Outlook 2020-2025 | Industry Opportunity & Growth Analysis According to the latest report by IMARC Group, the UAE cat food market grew at a CAGR of 6.8% during 2014-2019. Proceeding from the definition, the food industry of the United Arab Emirates includes the following sectors: Richie Santosdiaz takes a deep look into the United Arab Emirate’s (UAE) thriving food industry in the wake of the upcoming Gulfood – the biggest food and beverage trade show in the world. Gulfood 2019 will have some of the world’s top delegates including ministers from different countries, government officials, mega brands, new-to-show exhibitors and industry professionals who see Gulfood as a truly unique platform linking every aspect of the global food supply chain. RELATED: Five Ways The UAE Is The Architect of Its Own Food Security and Sustainability. In addition, it analyzes the key consumer trends influencing UAE food and grocery retail industry. To note, the latter has its own regional version in Abu Dhabi called SIAL Middle East. According to consultancy Oxford Economics, it is set to grow marginally faster — by another 34% — in the 10 years leading to 2027. Has e-Grocery Taken Over The Market To Become The New Norm? Agthia Group, the UAE-based food and beverage business, is to acquire a bakery firm in Kuwait as part of expansion plans in the region. These stakeholders included operators representing more than 120 brands and approximately 1,700 outlets. In the UAE, the pet humanization trend is becoming popular and has led owners to consider their pets as members of the family. All Rights Reserved to Mordor Intelligence. $ 7900 Corporate User License ? UAE foodservice market comprises of a large number of regional and international players such as Yum Brands, McDonald’s, among other local players. The current account balance for UAE was estimated to be at USD 8.782 billions for the year 2016 and is expected to grow at a CAGR of 11.41% and reach USD 26.226 by 2022. Established a good system in determining the need market• McDonald’s UAE runs a wide range of altruistic initiatives in the UAE. J&K special report: UAE-India food security: Brothers in arms Role of India Middle East Agro Trade, Industry & Investment Forum explained Published: December 27, 2020 07:32 Special to GN Focus 6.3.4 Restaurant Brands International Inc. 7. According to Mena Research Partners estimates, the food and beverage market in the GCC will grow around 7.1 per cent annually, reaching $196 billion (Dh719.3 billion) in 2021 from $130 billion (Dh477.1 billion) from 2018. 11 UAE Dog Food Industry: Value Chain Analysis 11.1 Overview 11.2 Research and Development 11.3 Raw Material Procurement 11.4 Manufacturing 11.5 Marketing 11.6 Distribution 11.7 End-Use 12 UAE Dog Food Industry: Porters Five Forces Analysis 12.1 Overview 12.2 Bargaining Power of Buyers This PESTLE analysis of the food industry is certainly an interesting one. Many companies have expanded and developed over the years since then. Emirate’s (UAE) Food & Beverage (F&B) industry. According to forecasts, the food and beverage market will be … The publisher analyzes the Food Retail Industry in the UAE in a PEST Framework Analysis. Read the report to learn more about the current opportunities and how you can benefit from them. Write CSS OR LESS and hit save. US fast food chains, looking to expand their geographical footprint, are being lured to the UAE by its glitzy shopping malls and insatiable appetite for fast food It’s a scene replicated across the GCC every day; a queue of people patiently wait in line to place their order. DUBAI, United Arab Emirates, June 3, 2020 /PRNewswire/ -- Frost & Sullivan's recent analysis, 2020 Outlook of the KSA and UAE F&B Market, finds that the food … 10 of 2015 on Food Safety (PDF, 250 KB).The law imposes standards and regulations for maintaining the safety and quality of food and ensuring the protection of public health and consumers. Organic food is often fresher and has a shorter shelf life because it doesn’t contain preservatives. Statistics show that the production of food products and food industry in the UAE makes up about 47% of the national sector of non-resource industry. Over the past few years, we have been overwhelmed by the interest and response we have received for our work. food market in the UAE including relevant information such as analysis of the UAE market for different product categories, market access and market entry procedures, IP protection, referrals to professional buyers and a signposting and referral system providing useful contacts and ways to penetrate the UAE … Federal law on food safety. MARKET OPPORTUNITIES AND FUTURE TRENDS. Scope of United Arab Emirates (UAE) – PESTLE Analysis and Macroeconomic Trends Report Despite tough competition in the UAE’s food & beverage market, according to a partner and head of retail at KPMG Lower Gulf, the medium-term outlook looks strong – thanks to Expo 2020 and other global events in the region should provide reasons for a positive outlook as the country continues to evolve as a tourist destination. This detailed PESTEL analysis of the United Arab Emirates (UAE) aims to explore some of the political, economic, social, technological, environmental, and legal factors affecting the United Arab Emirates today. Industry focus: Fast food in the UAE. Below, we offer our own UAE food industry analysis, taking a look at the region’s economy and social demographics, and examine what its continued evolution means for UAE restaurant chains. The acronym stands for the Political, Economic, Social and Technological issues that could affect the strategic development of a business. Instead, the majority of operators focus on wider natural and free-from claims: ‘no additives and preservatives’ is currently the most used ‘natural’ claim in the market, featuring on 16% of all product launches. In 2016, total food sales were Dh121 billion ($32.9 billion). Download Free Pestel Analysis For Fast Food In Uae Pestel Analysis For Fast Food This PESTLE analysis of the food industry is certainly an interesting one. The UAE, in particular, Dubai, has made itself a major destination in the Middle for the food & beverage industry – attracting both foreign direct investment (FDI) and also local companies. From 2007 to 2017 the UAE’s industrial sector grew by approximately 31%. Despite the fact that the United Arab Emirates (UAE) is considered food secure due to its ability to import food from international markets, it is now prioritizing innovation-driven food security projects and investments in light of the COVID-19 pandemic. Spanning more than 1,000,000 square feet of F&B products and showcases, Gulfood welcomes over 98,000 attendees from 193 countries. With world fresh food sales set to rise by 13% by 2020 – equating 280.5 million tonnes in volume, opportunities in this fast-moving sector are ripe across the globe – according to Gulfood report. Middle East and Africa Food Allergen Testing Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Source, Technology, and Food Tested. Global Organic Baby Food Market 2020- Industry Analysis, By Key Players, Segmentation, Trends And Forecast By 2026. The KSA and the UAE’s Health & Wellness Food & Beverage Industry Outlook, 2020 The study aims to analyse the emerging Health & Wellness (H&W) Food & Beverage (F&B) market in the Gulf Cooperation Council (GCC). just-food offers food industry news, analysis and research, covering global markets for meat, poultry, ready meals, confectionery, desserts, bakery and dairy. Across follow GCC countries, Saudi Arabia will account for over half of this spending followed by the UAE at 31 per cent. On the one hand, consumers have more to spend on food and robots can reduce expenses. The baby food industry in Qatar is expected to witness a high growth in the coming years with a CAGR of 18.7 per cent. Each has flexible policies to enable entrepreneurs start an online food ordering business without any hassle or restriction. The market had revenues of over $15 billion in 2015. Conversations with F&B stakeholders explored current developments in the market and future perspectives. Country Profile report on the Dairy & soy food sector in Canada provides insights on high growth categories to target, trends in the usage of package materials, category level distribution […] The trendsetters in UAE food industry GN Focus profiles three companies transforming UAE's food production and packaging sectors Published: November 18, 2020 00:00 GN Focus report food market in the UAE including relevant information such as analysis of the UAE market for different product categories, market access and market entry procedures, IP protection, referrals to professional buyers and a signposting and referral system providing useful contacts and ways to penetrate the UAE … By 2030, food demand is projected to increase by 55%, bringing the size of Africa's food and agribusiness to $1 trillion and opening up huge employment opportunities all along the value chain. Dubai based iCademy sees Five-fold rise in enrolments, Compromising Democracy in the Time of Covid-19, Dolby Cinema honors healthcare frontline heroes for selfless service in fight against Covid-19. This statistic displays the market size of the food and beverage sector in the United Arab Emirates between 2016 and 2018. Get instant job matches for companies hiring now for Food Industry jobs in Dubai like Head Chef, Assistant Management, Chef and more. On the other hand, the space is carefully regulated and labor prices are increasing. This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. Online Education is the Way Forward. 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