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UAE F&B Market To Reach $13.2 Billion By 2018 .pdf

Original filename: UAE F&B Market To Reach $13.2 Billion By 2018.pdf
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UAE F&B Market To Reach $13.2 Billion By 2018

Driven by factors like new outlets and higher tourist numbers
Dubai: The UAE’s food and beverage (F&B) sector is expected to grow by around 4
per cent annually to $13.2 billion in 2018 as new outlets open and tourist numbers
grow, according to a new report by KPMG, a global audit firm.
The market, valued at $11.3 billion in 2014, is forecast to grow to $11.7 billion in the
current year, KPMG said in its UAE Food and Beverage Survey, citing data from
research firm Euromonitor International.
“Outlet growth has been driven by a mix of expansion of existing chains as well as
new brands and concepts entering the UAE market. The expansion has been further
fuelled by the continued investment in a number of new and large retail destinations.
Economic revival has also led to increased disposable income and resulted in higher
propensity to spend on socialising and eating out among UAE nationals as well as
expatriates,” KPMG said in the report.
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