In 2023, India's pastry exports to the UAE stood at $32 million. The forecast for subsequent years shows a steady upward trend: $34.61 million in 2024, $37.12 million in 2025, $39.6 million in 2026, $42.07 million in 2027, and $44.51 million in 2028. This translates to year-on-year percentage increases of approximately 8.1% from 2023 to 2024, 7.2% from 2024 to 2025, 6.7% from 2025 to 2026, 6.2% from 2026 to 2027, and 5.8% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period is 6.8%.
Future trends to watch for include potential changes in consumer preferences, economic conditions in both countries, as well as shifts in trade policies and tariffs. Innovation in pastry products and the influence of regional flavors could also impact the market dynamics positively.