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Recent Study: United Arab Emirates Food & Drink Report Q2 2013

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2013-03-14 10:38:50 - New Food market report from Business Monitor International: "United Arab Emirates Food & Drink Report Q2 2013"

We expect that consumer confidence and private consumption in the UAE will remain solid moving forward despite ongoing turmoil in global markets and renewed concerns surrounding the strength of the US, eurozone and Chinese economies. The outlook for household spending in the UAE over the coming quarters remains encouraging, despite anaemic credit growth. According to a recent report by Hay Group, 85% of firms in the UAE increased salaries in 2012, while a country-wide average nominal pay rise of 5.5% is forecast for 2013. Moreover, latest consumer and business confidence surveys by appear to indicate that household consumption will gradually accelerate over the coming quarters, with both the 'consumer confidence' and' consumer expectations' indices trending higher from their December

2011 troughs. Currently we are forecasting that household spending will expand by 7.0% in real terms in 2013, following estimated growth of 6.0% in 2012.

Full Report Details at
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Headline Industry Data

* In 2013, we expect total food consumption to increase by 5.3% in local currency terms. Over our fiveyear forecast period to 2017, we expect total food consumption to increase at a compound annual rate of 6.2%.
* Soft drinks volume sales are forecast to increase by 3.6% in 2013. To 2017, we forecast compound annual growth of 3.3%.
* Mass grocery retail sales are forecast to increase by 8.4 % in 2013. To 2017, mass grocery retail sales are forecast to grow at a compound annual rate of 11.2%.

Key Industry Trends And Developments

Fast-Food Investments Continue: In January 2013, US restaurant chain Johnny Rockets announced its plans to open six new outlets in the UAE in a span of five months. The move will almost double the number of restaurants operated by Johnny Rockets in the UAE to 13. The new outlets will be located in Dubai and Abu Dhabi. Johnny Rockets, which opened its first restaurant in the UAE in 1997, is also planning to open seven additional restaurants in the country over 2014-2015. Also in January 2013, the US-based fast-food chain Elevation Burger announced that it enter the UAE market. The group, which serves organic burgers, will open its first Middle East-based chain in Dubai's city centre. Based on the principle that 'fast-food does not mean junk food', the company sells handmade grass-fed beef patties and French fries cooked in olive oil, targeting consumers who want healthier alternatives.

Starbucks Opens First Drive-Through: In early 2013, US coffee behemoth Starbucks opened its first drivethru outlet in Dubai as it looks to benefit from the growing popularity of Western-style coffee outlets with affluent UAE consumers. Opened on Jumeirah Beach Road, this is the 103rd Starbucks store to open in the UAE. The UAE has some of the highest per capita coffee consumption levels in the world, according to the International Coffee Organisation, with single portion servings of coffee, such as those purchased at Starbucks, set to experience strong growth in coming years as consumers are increasingly looking for convenience.

Risks To Outlook

Politically, any attack by Islamist militants would result in a fundamental reappraisal of both the UAE's, and the wider region's, risk profile. Furthermore, any increased uptick in tensions between the West and Iran could result in a 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 in 2013 are elevated, which could undermine the UAE's already fragile macroeconomic recovery.

Partial 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
Macroeconomic Forecast
- Economic Outlook
- Household Consumption Outlook
- Fixed Investment Outlook
- Government Consumption Outlook
- Net Export Outlook
- Table: United Arab Emirates Long-Term Macroeconomic Forecasts
Industry Risk Reward Ratings
- Middle East and North Africa
- Table: Middle East & North Africa Food & Drink Risk/Reward Ratings Q213
- Table: Middle East & North Africa Food & Drink Risk/Reward Ratings Sub-components Q213 (out of 10)
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
- Abu Dhabi National Foodstuff Company
- Al Ain Dairy
- Masafi
- Al Ain Mineral Water Company
- Aujan
- EMKE Group
- Carrefour MAF
- Spinneys Dubai
Global Industry Overview
- Table: 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
- Table: United Arab Emirates' Key Population Ratios, 1990-2020
- Table: United Arab Emirates' Rural And Urban Population, 1990-2020
- Food & Drink
- Mass Grocery Retail

Full Table of Contents is available at:

About Business Monitor International

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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