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Lu - vi, 9:00 - 18:00 h (EST)
Lu - vi, 9:00 - 17:00 h (SGT)
Lu - vi, 10:00 - 18:00 h (JST)
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Key regions: Canada, Philippines, China, Spain, India
The Spreads market in the United Arab Emirates is experiencing negligible growth due to factors such as changing consumer preferences, increasing health concerns, and the convenience of online shopping. The sub-markets of Jams & Marmalades, Chocolate Spreads, and Peanut Butter all contribute to this trend. As consumers become more health-conscious, they are opting for healthier spread options, impacting the overall market's growth rate. Additionally, the rise of e-commerce is making it easier for consumers to find and purchase their preferred spreads, further affecting the market's growth.
Customer preferences: The Spreads Market within The Food market in the United Arab Emirates has seen a rise in demand for healthier options, with consumers increasingly opting for natural and organic spreads. This trend is also influenced by the growing health consciousness among the younger population, who prioritize clean label and sustainable products. Additionally, there is a growing preference for plant-based spreads, driven by the rise of vegan and flexitarian diets in the region.
Trends in the market: In the United Arab Emirates, the Spreads market is experiencing a shift towards healthier options, with consumers increasingly demanding spreads and sweeteners made from natural ingredients. This trend is driven by growing health consciousness and a desire for clean label products. As a result, companies are launching new products with reduced sugar and additives. This trajectory is expected to continue as consumers become more health-conscious and demand for natural and healthier spreads and sweeteners increases. Industry stakeholders must adapt to these changing preferences to remain competitive and capitalize on this growing market segment.
Local special circumstances: In the United Arab Emirates, the Spreads & Sweeteners Market in The Food market is heavily influenced by the country's rich cultural diversity and strong demand for traditional and regional flavors. Additionally, the market is shaped by strict government regulations on food labeling and quality standards. This creates a unique landscape for international brands to navigate and requires a deep understanding of local preferences and compliance requirements. Furthermore, the country's strategic location as a hub for trade and tourism also plays a significant role in driving the growth of the Spreads Market, with a diverse consumer base and increased demand for premium and innovative products.
Underlying macroeconomic factors: The Spreads Market of the Spreads & Sweeteners Market within The Food market in the United Arab Emirates is heavily influenced by macroeconomic factors such as the country's stable economic growth, favorable regulatory environment, and increasing investment in the food and beverage industry. The UAE's growing population, rising disposable income, and changing consumer preferences towards healthier food options are also contributing to the growth of the Spreads Market. Additionally, the government's initiatives to promote food security and diversify the economy are creating opportunities for market players to expand their product offerings and cater to the evolving consumer demands. These factors are expected to drive the growth of the Spreads & Sweeteners Market in the UAE 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.Lu - vi, 9:30 - 17:00 h (CET)
Lu - vi, 9:00 - 18:00 h (EST)
Lu - vi, 9:00 - 17:00 h (SGT)
Lu - vi, 10:00 - 18:00 h (JST)
Lu - vi, 9:30 - 17:00 h (GMT)
Lu - vi, 9:00am-6:00pm (EST)