The cream market volume in the United Arab Emirates has experienced significant fluctuations over the past decade. In 2023, the market volume stood at 13.0 thousand metric tons, showing a year-on-year decline of 7.14%. Looking at the period from 2014 to 2023, the market observed a compound annual growth rate (CAGR) of 10.2%, despite some years showing drastic declines such as in 2018 (-75%) and more recent stabilization. The CAGR over the last five years is -3.32%, forecasting a diminishing trend with the projected volume for 2028 expected to be 10.65 thousand metric tons.
Future trends to watch for:
- Changes in consumer dietary preferences and health consciousness.- Economic factors affecting purchasing power and discretionary spending.- Innovations in dairy and non-dairy cream alternatives.- Government policies and regulations impacting the dairy industry and imports.
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