Key regions: Russia, India, Canada, Japan, South Korea
The Milk Market in the UAE's Dairy Products & Eggs Market is experiencing minimal growth, influenced by factors such as changing consumer preferences and fluctuating milk prices. Despite this, the market is expected to continue growing due to increasing health awareness and convenience of online milk services.
Customer preferences: As health and wellness become increasingly important to consumers in the UAE, there is a growing preference for plant-based milk alternatives in the Milk Market of the Dairy Products & Eggs Market within The Food market. This trend is driven by cultural and religious beliefs, as well as a desire for healthier and more sustainable options. Additionally, there is a rise in demand for organic and locally sourced milk products, reflecting a shift towards more natural and ethical consumption choices.
Trends in the market: In the United Arab Emirates, the Milk Market of the Dairy Products & Eggs Market within The Food market is experiencing a rise in demand for organic and plant-based milk alternatives. This trend is driven by health-conscious consumers seeking healthier and more sustainable options. Additionally, there is a growing trend of incorporating milk in various food products, such as flavored milk drinks and milk-based desserts. These trends are significant as they reflect a shift towards healthier and more diverse dietary choices. Industry stakeholders should focus on developing and promoting new products that cater to these trends to stay competitive in the market.
Local special circumstances: In the United Arab Emirates, the Milk Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's high per capita income and large expat population. This has led to a demand for high-quality, imported dairy products, creating opportunities for international players. Additionally, the government's focus on promoting a healthy lifestyle through initiatives such as Dubai Fitness Challenge has increased the demand for dairy products with lower fat content, driving the growth of niche products like lactose-free milk.
Underlying macroeconomic factors: The Milk Market of the Dairy Products & Eggs Market within The Food market in the United Arab Emirates is influenced by several macroeconomic factors. Firstly, the country's strong economic growth and stable political climate have created a favorable environment for market growth. Additionally, the government's efforts to diversify the economy and promote non-oil sectors have resulted in increased investment in the food industry, including dairy production. Furthermore, the high disposable income and changing consumer preferences towards healthier and more nutritious food options have boosted the demand for milk and dairy products in the UAE. Finally, the country's strategic location as a major trading hub in the Middle East has also played a significant role in the growth of the Milk Market, facilitating the import and export of dairy 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.
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