The demand for fermented beverages in the United Arab Emirates has experienced fluctuations from 2014 to 2023, starting at 2.0 thousand metric tons in 2014 and decreasing to 1.0 thousand metric tons by 2023. Substantial variations were observed within this period, including a dramatic 50% drop in 2015, a 100% increase in 2017, and a 17% decrease in 2020. For the year 2022 to 2023, the demand stabilized with no change recorded. The average annual growth rate (CAGR) across the last five years from 2019 to 2023 stood neutral at 0%.
From 2024 onward, forecasted data indicates a consistent declining trend in demand, with a forecasted average annual decrease rate (CAGR) of -4.78% through 2028. This translates to an overall decline of -21.74% across the five-year forecast. With decreased figures such as 0.72 thousand metric tons forecasted for 2028, future trends hint towards a persistent decline.
Future trends to watch for include potential shifts in consumer preferences, regulatory changes impacting the beverage market, and innovations within the fermented beverages category that could alter demand trajectories. The influence of health trends and alternative beverage markets will also play crucial roles in shaping future demand.
