Forecast: Fermented Beverages Tourist Consumption in United Arab Emirates

Over the past decade, the fermented beverages consumption by tourists in the United Arab Emirates displayed volatility. Actual data from 2014 to 2017 showed periodic fluctuations, with doubled values in 2014 and 2017, and dips by half in the intervening years. From 2018 to 2023, consumption stabilized around 1 thousand metric tons, with minor decline in 2020. This steady-state masked underlying declines starting with forecasted data from 2024, culminating in a value of 0.72 thousand metric tons by 2028. In 2023, consumption was steady at 1 thousand metric tons. The 5-year CAGR for 2028 forecasts a significant annual decrease of -4.78%, translating to a -21.74% drop over the period.

Future trends to watch include a consistent downtrend in consumption patterns, potentially influenced by shifts in tourist preferences, regulatory changes, and broader market dynamics. Monitoring consumer behavior, competitive landscape evolution, and economic indicators will be critical to anticipating further declines or spotting opportunities for market stabilization.