Key regions: Canada, China, Spain, Japan, Philippines
The Convenience Food Market in the United Arab Emirates has seen minimal growth due to factors such as changing consumer preferences, increased competition from traditional food markets, and limited availability of ready-to-eat meals and soups. However, the market is expected to grow as the demand for convenient food options continues to rise with the busy lifestyles of consumers in the UAE.
Customer preferences: As consumers in the United Arab Emirates continue to lead busy and fast-paced lifestyles, there has been a growing demand for convenient and on-the-go food options. This has led to a surge in the popularity of convenience food, such as pre-packaged meals and snacks, which offer quick and easy meal solutions. Additionally, with the influence of Western culture, there has been an increase in demand for healthier convenience food options, such as plant-based and organic options, as consumers become more health-conscious. This trend is expected to continue as the convenience food market in the UAE evolves to cater to changing consumer preferences.
Trends in the market: In the United Arab Emirates, the Convenience Food Market is experiencing a surge in demand for healthier and more sustainable options. This trend is driven by consumers becoming more health-conscious and environmentally aware. As a result, food companies are investing in research and development to create innovative products that cater to this demand. Additionally, there is a growing trend of online food delivery services, making it easier for consumers to access convenient and healthy meal options. This trend is expected to continue, with potential implications for industry stakeholders such as increased competition and the need for companies to adapt to changing consumer preferences.
Local special circumstances: In the United Arab Emirates, the Convenience Food market is heavily influenced by the country's high expatriate population and their demand for international flavors and convenience. Additionally, the government's focus on promoting healthy eating habits has led to the rise of organic and healthier convenience food options. Furthermore, the country's hot climate and fast-paced lifestyle make on-the-go meals and ready-to-eat options popular among consumers. These unique factors contribute to the growth and development of the Convenience Food market in the UAE.
Underlying macroeconomic factors: The Convenience Food Market in United Arab Emirates is greatly impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The market is heavily influenced by the country's economic stability and growth prospects, as well as government policies related to food and consumer goods. Additionally, the increasing urbanization and busy lifestyles in the UAE have led to a high demand for convenient and ready-to-eat food options, driving the growth of the Convenience Food Market. Moreover, the country's high disposable income and large expatriate population also contribute to the market's growth, as consumers are willing to spend on premium convenience food products.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
