Meat Products to Dominate UAE Halal Food & Beverages Market until 2022
Increasing health consciousness,
changing consumption patterns of consumers, coupled with confirmation to
religious pursuits to boost UAE Halal foods and beverages market through 2022
According to a TechSci
Research report, “UAE
Halal Food & Beverages Market By Product Type, By Distribution Channel,
Competition Forecast & Opportunities, 2012–2022”, the UAE halal food
& beverages market is projected to cross $ 5.5 billion by 2022. Growth in
the market is led by various factors including aggressive marketing of halal
products by companies and online retailers, strong policies and regulations
regarding halal food products and growing Muslim population in the UAE. Additionally,
other factors such as growing awareness among consumers regarding the health
benefits of halal foods, and widening distribution, especially in retail
formats, are further expected to drive the sales of halal food products during the
forecast period.
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On the basis
of type, Halal food & beverages market can be broadly categorized into bakery,
candy & chocolate, meat products and beverages. Meat products dominated the
market in 2016, and the segment is anticipated to continue its market dominance
during the forecast period as well on account of meat products being among the
most preferred eatable items in the daily diet among majority of the country’s
population. Hypermarkets / Supermarkets is the most popular distribution
channel for the sale of halal products. However, with the shift in trend from
the conventional shopping format to the modern shopping format, i.e.,
e-commerce, the online sales channels are expected to gain traction during the
forecast period. In 2016, among all the regions, Dubai was the
largest consumer of halal certified food & beverages in the country. Dubai is
expected to generate significant demand for Halal food products and is
anticipated to remain dominant through 2022 as well.
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One Foods
Holdings Ltd., Al Islami Foods, AL Kabeer Group ME, Americana Group, and Aujan
Industries were some of the leading players operating in the
UAE Halal food & beverages market in 2016. “Rising
per capita expenditure on premium food, increasing health awareness among
consumers along with the benefits associated with Halal products is expected to
augment demand for Halal certified food & beverages in the coming years. In
addition, innovative products offered by halal food manufacturers and rising
demand for convenience food is further likely to steer growth in UAE Halal food &
beverage market.” said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
“UAE Halal Food
& Beverages Market By Product Type, By Distribution Channel,
Competition Forecast & Opportunities, 2012–2022” has evaluated
the future growth potential of UAE Halal food & beverages market and
provides statistics and information on market structure, size, share and trends.
The report is intended to provide cutting-edge market intelligence and help
decision makers to take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in the UAE Halal food & beverages market.
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