Recent Study: United Arab Emirates Food & Drink Report Q3 2014

BMI View: We maintain our bullish outlook on the UAE's economies as a wealth of data points to continued growth. Consumer and business sentiment remains positive, underlining our particularly bright outlook for household consumption and fixed investment over the coming quarters. Following estimated real GDP growth of 4.1% in 2013, we are projecting the economy to expand by a more moderate 3.9% in 2014, before picking up to 4.1% in 2015. We forecast real private final consumption growth to come in at 6.5%. While this would be a slowdown on last year, we believe growth will average 7.3% per year between 2015 and 2017.

Headline Industry Data

* 2014 food consumption growth (local currency terms): +5.5%; compound annual growth rate (CAGR) 2013 to 2018: +6.9%.
* 2014 per capita food consumption growth (local currency terms): +3.9%; CAGR 2013 to 2018: +5.2%.
* 2014 total soft drinks sales (local currency terms): +6.0%; compound annual growth rate (CAGR) 2013 to 2018: +7.6%.
* 2014 mass grocery retail sales (local currency terms): +8.4%; compound annual growth rate (CAGR) 2013 to 2018: +10.5%.

Full Report Details at
- http://www.fastmr.com/prod/817887_united_arab_emirates_food_drink_report_q3_2014.aspx?afid=303

Key Industry Trends And Developments

Nestlé To Triple Current Sales By 2020 : Nestlé announced plans in February 2014 to triple its current level of sales in the Middle East region by 2020. The company said that it expects to invest around USD400mn into building new factories and creating new brands. Nestlé has said that the reason for its expansion is down to strong levels of economic growth which will be felt across the entire region over the next several years. Currently, the company's largest market in the region is Saudi Arabia, generating around 35% of total sales volume for the region, followed by the United Arab Emirates, Lebanon, Jordan and Kuwait.

BRF Increases Stake In Federal Foods : Brazilian food company BRF increased its stake in the UAE-based Federal Foods for USD27.8mn in April 2014. In January 2013, BRF acquired a 49% interest in Federal Foods for...

The United Arab Emirates Food & Drink Report features Business Monitor International (BMI)'s market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.

BMI's United Arab Emirates Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in United Arab Emirates.

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