Key regions: South Korea, Russia, Canada, Philippines, China
The Fresh Meat Market in the United Arab Emirates is experiencing minimal growth, influenced by factors such as consumer preferences for healthier options, increasing demand for locally sourced meat, and the convenience of online meat purchasing. This market is expected to continue growing as the demand for fresh, high-quality meat remains steady in the country's sub-markets.
Customer preferences: As the UAE continues to diversify its economy and attract a growing expat population, there has been a noticeable increase in demand for halal and organic meat products. This trend is driven by a growing awareness of ethical and sustainable food production, as well as the influence of Islamic dietary laws. Additionally, health-conscious consumers are opting for leaner cuts of meat and are willing to pay a premium for high-quality, locally sourced options. These preferences are shaping the fresh meat market and driving the shift towards more sustainable and ethical practices.
Trends in the market: In the United Arab Emirates, the Fresh Meat Market is experiencing a shift towards sustainable and ethically-sourced meat products. Consumers are becoming more conscious of their food choices and are demanding transparency in the sourcing and production of meat. This trend is expected to continue as the government recently announced initiatives to promote sustainable agriculture and reduce the country's reliance on imported meat. This shift towards sustainability has significant implications for industry stakeholders, who must adapt to consumer demands and invest in sustainable practices to remain competitive in the market.
Local special circumstances: In the United Arab Emirates, the Fresh Meat Market of the Meat Market within The Food market has seen a significant rise in demand due to the country's growing population and increasing affluence. The market is also heavily influenced by cultural factors, as the consumption of meat is an important part of the local cuisine and customs. Additionally, strict regulatory requirements for halal meat production and consumption have a significant impact on the market dynamics, with many consumers seeking out certified halal products. These unique local factors contribute to the growth and dynamics of the Fresh Meat Market in the UAE, making it a key market to watch.
Underlying macroeconomic factors: The Fresh Meat Market of the Meat Market within The Food market in the United Arab Emirates is influenced by several macroeconomic factors. The country's strong economic growth and stable political climate have resulted in a growing demand for meat products. Additionally, the government's efforts to diversify the economy and reduce dependence on oil have led to increased investment in the agriculture sector, which has positively impacted the meat market. Furthermore, the rising disposable income and changing consumer preferences towards healthier and protein-rich diets have also contributed to the growth of the fresh meat market in the country. These factors, along with favorable trade policies and increasing demand for halal meat, are expected to drive the market growth in the coming years.
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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