United Arab Emirates Food and Drink Report Q2 2014

United Arab Emirates Food and Drink Report Q2 2014

Published: March 2014
Publisher: Business Monitor International (BMI)
Product ref: 196360
Pages: 105
Format: PDF
Delivery: Immediate download

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BMI View: We remain bullish on the UAE's consumer outlook, as a wealth of data point to continued growth. With consumer and business sentiment looking positive, the outlook for household consumption is particularly bright over the coming quarters. Following real GDP growth of 6.2% in 2012 and an expected 4.1% in 2013, we expect the economy to expand by a more moderate 3.4% in 2014. Our country risk team forecasts real private final consumption growth of 6.5% in 2014, but thereafter to rise, up to 8.8% in 2016 and 2017 and beyond.

Headline Industry Data ¦ 2014 food consumption growth (local currency terms): +5.5%; compound annual growth rate (CAGR) to 2018: +5.7%. ¦ 2014 per capita food consumption growth (local currency terms): +3.9%; CAGR to 2018: +4.4%. ¦ 2014 total soft drinks sales (local currency terms): +6.0%; compound annual growth rate (CAGR) to 2018: +6.3%. • 2014 mass grocery retail sales (local currency terms): +8.4%; compound annual growth rate (CAGR) to 2018: +8.7%.

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By sector: General drinks

By market: United Arab Emirates (in Asia)


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