The value added of the food, beverages, and tobacco sector in the UAE has shown consistent growth from 2013 through 2023, reaching 0.98 units of GDP in 2023. Key points to note include a significant spike in 2015 with a year-on-year increase of 27.84%, while year-on-year growth has settled around 2.23% in 2023. The sector experienced an average annual growth rate (CAGR) of 2.44% over the past five years. Forecasts indicate a continuation of this trend, projecting the value to reach 1.08 units by 2028, with a forecasted CAGR of 1.55%.
Future trends to watch for include:
- Technological advancements in food processing and manufacturing.
- Increasing demand for healthier and more sustainable food and beverage options.
- The impact of policy changes and economic measures aimed at diversifying the UAE's economy.