DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/c5f9d3/united_arab_emirat) has announced the addition of the "United Arab Emirates Food and Drink Report Q3 2011" report to their offering.
The United Arab Emirates Food and Drink Report provides industry professionals and strategists, corporate analysts, food and drink associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on United Arab Emirates's food and drink industry.
As one of only a handful of countries that have not seen large-scale public demonstrations as a result of the regional upheaval, perceptions surrounding underlying economic and political stability in the UAE have been given a considerable boost in recent months. However, while things have seemingly improved compared with a year ago, particularly in Dubai, dynamic premiumisation is yet to come back to the fore.
Headline Industry Data:
- 2011 per-capita food consumption growth in local currency = 5.10%; forecast compound annual growth to 2015 = 5.78%.
- 2011 soft drinks value sales = 10.53%; forecast compound annual growth to 2015 = 10.88%.
- 2011 mass grocery retail sales = 8.89%; forecast compound annual growth to 2015 = 9.57%
Key Company Trends:
Auchan Withdraws From Dubai - In January 2011 French food retailer Auchan dropped out of the Dubai market after just two years. This move suggests that from the point of view of some of the world's leading Western retailers, the Gulf region dynamic on a per-capita income basis does not provide sufficient scale compared with other emerging retail regions. Even though Dubai is still without question the region's high-income hotspot and most in tune with Western consumer habits, consumers are not spending quite as freely as they were before Auchan entered the market.
Caf Culture Taking Off - In line with the trend of increasingly Western consumption habits, a number of major coffee chains have been opening shops in the UEA. In October 2010 it was reported that UK coffee chain Caf Nero had opened three new outlets in Dubai. These are the chain's latest foray into the UAE market, where it already has 11 stores. In January 2011, Swiss food group Nestl opened its first Nespresso coffee 'boutique' store in the UAE.
Risks To Outlook
The UAE will remain vulnerable to external forces, specifically energy prices. On the downside, lower oil prices would probably dampen investor confidence in the Gulf region and affect government spending power. A sustained period of strong economic momentum will be necessary to revitalise the consumer sector and re-attract high-spending expatriates.
Key Topics Covered:
- BMI Industry View
- SWOT Analysis
- Business Environment
- Food
- Food
- Drink
- Mass Grocery Retail
- Competitive Landscape
- Company Analysis
- BMI Food & Drink Methodology
- Food & Drink Forecasting And Sourcing
For more information visit http://www.researchandmarkets.com/research/c5f9d3/united_arab_emirat