BMI View: We remain bullish on the economic outlook for the UAE , as a wealth of data point to continued growth. With consumer and business sentiment looking positive, the outlook for household consumption is particularly bri ght, with positive implications for food and drink spend ing . Following r eal GDP growth of 6.2% in 2012 and an expected 4.1% in 2013, we forecast economic growth to slow to 3.4% in 2014.
Headline Industry Data
In 2014, we expect total food consumption to increase by 5.5% in local currency terms. Over the 2013 to 2017 period, we expect total food consumption to increase at a compound annual rate of 6.4%.
Soft drinks volume sales are forecast to increase by 3.5% in 2014. From 2013 to 2017, we forecast compound annual growth of 3.5%.
Mass grocery retail sales are forecast to increase by 8.4% in 2014 in local currency terms. From 2013 to 2017, mass grocery retail sales are forecast to grow at a compound annual rate of 10.4%.
Key Industry Trends And Developments
Ireland Looks To Gulf States For Food Exports : In autumn 2013, Irish food export agency Bord Bia announced plans to open an office in Dubai in early 2014 as part of its effort to double exports of Irish food and drink to the Middle East by 2020. The agency will focus on the UAE, Saudi Arabia and other Gulf states, in addition to 'monitoring potential opportunities' in Iran, Iraq and Jordan.
Waitrose Raises Exposure I n Lucrative MGR Market : Upscale UK-based retailer Waitrose has recently increased its foothold in the lucrative UAE mass grocery retail market. Due to launch its sixth store in Abu Dhabi, the move highlights the dynamic growth prospects for value-added, premium-positioned produce, spurred by both increasing Emirati and expatriate demand.
Risks To Outlook
Politically, any attack by Islamist militants would result in a fundamental reappraisal of the UAE's, and the wider region's, risk profile. Furthermore, any increased uptick in tension between...
The United Arab Emirates Food & Drink Report features Business Monitor International (BMI)'s market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.
BMI's United Arab Emirates Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in United Arab Emirates.
- Benchmark BMI's independent food and drink industry forecasts for United Arab Emirates to test other views - a key input for successful budgeting and strategic business planning in the Emirati food and drink market.
- Target business opportunities and risks in United Arab Emirates through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
- Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.
BMI Industry View
Summary of BMI's key industry forecasts, and views, covering food and drink manufacturing and consumption and the retail market.
Business Environment Ratings
BMI's Food & Drink Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors, food and drink manufacturers and mass grocery retailers.
The ratings methodology makes sophisticated use of over 40 industry, economic and demographic data points.
Industry SWOT Analysis
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the food, drink and mass grocery retail sectors, and within the broader political, economic and business environment.
BMI's food chapter is divided into sections such as Meat, Fish, Confectionary, Dairy and Canned Foods, and provides insight into a market's food industry, centred on a forecast to end-2018 for the sector. The chapter includes the following elements:
Industry Forecast Scenario - Historical data series and forecasts to end-2018 for growth of key indicators within a market's food industry. Including consumption, food consumption as % of GDP, canned food sales, confectionery sales and food and drink imports and exports, among others.
Industry Developments - A summary of corporate developments, including news on M&As, FDI, expansions, closures and financial results, in addition to analysis and explanation of the latest industry events and how these could influence further investment.
Market Overview - An overview of the structure of the market, introducing the key players and discussing underlying trends.
Segmented the same way as BMI's food chapter, the drink section provides insight into the market's drink industry, centred on a forecast to end-2018 for the sector. Forecast indicators include alcoholic and soft drink sales by value, volume and sub-sector and tea and coffee sales, among others.
Mass Grocery Retail Forecasts
Segmented the same way as BMI's food and drink chapters, the mass grocery retail section provides insight into a market's grocery retail industry, centred on a forecast to end-201 for the sector. Forecast indicators include mass grocery retail sales by format (including supermarkets, hypermarkets, convenience and discount stores) and a breakdown for the organised retail sector versus the traditional sector, among others.
Competitive Landscape & Profiles
Illustration of the industry via rankings tables comparing revenues, number of outlets and number of employees. BMI analyses each company's market position, business strategies and investment potential.