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Now Available: United Arab Emirates Food & Drink Report Q1 2014

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2013-12-23 17:22:55 - Fast Market Research recommends "United Arab Emirates Food & Drink Report Q1 2014" from Business Monitor International, now available

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 bright, with positive implications for food and drink spending. Following real 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%.

Full Report Details at
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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 In 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 West and Iran could result in the deterioration in the UAE's sovereign risk profile given the close proximity and deep trade ties between the two countries. Looking at economic factors, with global growth slowing, downside risks to oil prices are elevated, which could undermine the UAE's already fragile macroeconomic recovery.

Report Table of Contents:

BMI Industry View
SWOT Analysis
- Food
- Drink
- Mass Grocery Retail
Industry Forecast
- Consumer Outlook
- Food
- Food Consumption
- Table: Food Consumption Indicators - Historical Data & Forecasts, 2010-2017
- Crude Soya Bean Oil
- Table: Crude Soya Bean Oil Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Drink
- Soft Drinks
- Table: Soft Drink Value/Volume Sales - Historical Data & Forecasts, 2010-2017
- Hot Drinks
- Mass Grocery Retail
- Table: Grocery Retail Sales By Format
- Table: Mass Grocery Retail Sales - Historical Data & Forecasts, 2010-2017
- Trade
- Table: Trade Indicators - Historical Data & Forecasts 2010-2017
Macroeconomic Forecast
- Fiscal Position Remains Solid
Industry Risk Reward Ratings
- Middle East and North Africa Risk/Reward Ratings
- Table: Middle East & North Africa Food & Drink Risk/Reward Ratings Q114
- Table: Middle East & North Africa Food & Drink Risk/Reward Sub-Factor Ratings Q114 (scores out of 10)
- UAE Industry Risk/Reward Ratings
Market Overview
- Food
- Food Production
- Agriculture
- Halal Food
- Drink
- Hot Drinks
- Soft Drinks
- Mass Grocery Retail
Industry Trends And Developments
- Food
- Drink
- Mass Grocery Retail
Competitive Landscape
- Table: Key Players In UAE's Food & Drink Sector
- Table: Key Players In UAE's Mass Grocery Retail Sector
Company Profile
- Unilever North Africa Middle East
- Foodco
- Al Ain Dairy
- Masafi
- Al Ain Mineral Water Company
- Aujan
- EMKE Group
- Carrefour MAF
- Spinneys Dubai
Global Industry Overview
- Table: Food And Drink Core Views
Demographic Forecast
- Table: United Arab Emirates' Population By Age Group, 1990-2020 ('000)
- Table: United Arab Emirates' Population By Age Group, 1990-2020 (% of total)
- Table: United Arab Emirates' Key Population Ratios, 1990-2020
- Table: United Arab Emirates' Rural And Urban Population, 1990-2020
- Food & Drink
- Mass Grocery Retail
- Industry Forecast Methodology
- Sector-Specific Methodology
- Sources
- Risk/Reward Rating Methodology
- Table: Food & Drink Risk/Reward Rating Indicators
- Table: Weighting

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Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at

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