Key regions: Spain, China, Canada, India, South Korea
The UAE's bread and cereal products market within The Food market has seen minimal growth due to various factors such as low consumer awareness and limited online services. Despite this, the market is steadily growing, driven by increasing demand for convenience and healthier food options.
Customer preferences: The demand for healthier food options and convenience is driving the growth of the Rice Market in the Bread & Cereal Products Market within The Food market in the UAE. As consumers become more health-conscious, there is a rising preference for rice varieties such as brown and basmati rice, which are perceived as healthier alternatives to white rice. Moreover, the busy lifestyle of the UAE's working population has led to a higher demand for ready-to-eat rice products, making convenience a key factor in consumer purchasing decisions.
Trends in the market: In the United Arab Emirates, the Rice Market of the Bread & Cereal Products Market within The Food market is experiencing a surge in demand for organic and gluten-free rice. This is due to a growing consumer preference for healthier and more sustainable food options. Additionally, there is a rising trend of using e-commerce channels to purchase rice, as consumers increasingly prioritize convenience and safety amidst the COVID-19 pandemic. These trends are expected to continue, highlighting the need for industry players to invest in sustainable and digital supply chain solutions to meet evolving consumer demands.
Local special circumstances: In the United Arab Emirates, the Rice Market of the Bread & Cereal Products Market within The Food market is heavily influenced by the country's high demand for rice as a staple food. This demand is mainly driven by the large expat population and the traditional Emirati cuisine, which heavily features rice dishes. Additionally, the UAE's geographical location in the Middle East makes it a key player in the global rice trade, with imports from major rice producing countries such as India, Pakistan, and Thailand. The country's strict regulations on food imports also play a significant role in shaping the dynamics of the rice market, ensuring high quality and safety standards for consumers.
Underlying macroeconomic factors: The Rice Market in the Bread & Cereal Products Market within The Food market in the United Arab Emirates is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The UAE has a strong and diversified economy, with a thriving tourism and real estate sector. This has resulted in an increasing demand for high-quality rice products, including organic and specialty varieties. Additionally, the government has implemented favorable policies and invested in infrastructure to support the growth of the food industry, creating a conducive environment for the rice market. Furthermore, the country's growing population and rising per capita income are also contributing to the increasing demand for rice, making the UAE a lucrative market for rice producers and suppliers.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
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