Market Forecast By Product Types (Cakes and Pastries, Biscuits, Bread, Morning Goods & Others), By Distribution Channels (Hypermarkets/Supermarkets, Convenience Stores, Speciality Stores, Online Retailing & Others) and competitive landscape
Product Code: ETC002450 | Publication Date: Nov 2022 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
United Arab Emirates (UAE) Bakery Product market currently, in 2023, has witnessed an HHI of 898, Which has decreased slightly as compared to the HHI of 1322 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The United Arab Emirates Bakery Product Market is projected to register growth over the forecast period. The region is expected to witness vast changes in terms of eating habits and health consciousness, which will be reflected in the increase in bakery product demand in the country. The United Arab Emirates bakery product market is a part of the Middle East Bakery Product Market and global bakery product market.
According to 6Wresearch, the United Arab Emirates bakery product market size is anticipated to register growth during 2022-28. The growth in the bakery product market is due to the increasing number of Middle-Class families and consumers, as well as rising disposable income among UAE residents. This growth is attributed to increasing demand for bakery products, particularly in the Middle East and North Africa (MENA) region, as well as rising disposable incomes in the UAE.
In terms of product type, the market is categorized into cakes and pastries, biscuits, bread, morning goods and others. Traditional breads and pastries are still the dominant type of product in this market. However, there is an increasing demand for artisanal breads and pastries, which is expected to grow at a rate of 7% over the next five years. This growth is attributable to increased consumer preference for unique flavors and textures as well as health benefits associated with these products. This Market is dominated by bread and pastries, which is due to the high population of locals that are predominantly Muslim, and the growing demand for healthier food options.
The major players in this market are investing in modernizing their production facilities and expanding their distribution channels across GCC countries. In addition, they are also focusing on developing new products such as bread rolls, croissants, pastries, buns and pizzas to meet regional demands. Top 5 players hold majority of the market share.
The outbreak of Covid-19 pandemic has resulted in a slowdown in the growth of the market. Rapid urbanization coupled with high GDP growth rates are expected to support steady demand for bakery products among consumers across different age groups. In addition to this, higher disposable incomes are fuelling increased spending on food items such as cakes and pastries in general.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of The Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. United Arab Emirates Bakery Products Market Overview |
3.1. United Arab Emirates Country Indicators |
3.2. United Arab Emirates Bakery Products Market Revenues, 2018-2028F |
3.3. United Arab Emirates Bakery Products Market Revenue Share, By Product Types, 2021 & 2028F |
3.4. United Arab Emirates Bakery Products Market Revenue Share, By Distribution Channels, 2021 & 2028F |
3.5. United Arab Emirates Bakery Products Market - Industry Life Cycle |
3.6. United Arab Emirates Bakery Products Market - Porter’s Five Forces |
4. United Arab Emirates Bakery Products Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. United Arab Emirates Bakery Products Market Trends |
6. United Arab Emirates Bakery Products Market Overview, By Product Types |
6.1. United Arab Emirates Cakes and Pastries Market Revenues, 2018-2028F |
6.2. United Arab Emirates Biscuits Market Revenues, 2018-2028F |
6.3. United Arab Emirates Bread Market Revenues, 2018-2028F |
6.4. United Arab Emirates Morning Goods Market Revenues, 2018-2028F |
6.5. United Arab Emirates Others Market Revenues, 2018-2028F |
7. United Arab Emirates Bakery Products Market Overview, By Distribution Channels |
7.1. United Arab Emirates Bakery Products Market Revenues, By Hypermarkets/Supermarkets Distribution Channel, 2018-2028F |
7.2. United Arab Emirates Bakery Products Market Revenues, By Convenience Stores Distribution Channel, 2018-2028F |
7.3. United Arab Emirates Bakery Products Market Revenues, By Speciality Stores Distribution Channel, 2018-2028F |
7.4. United Arab Emirates Bakery Products Market Revenues, By Online Retailing Distribution Channel, 2018-2028F |
7.5. United Arab Emirates Bakery Products Market Revenues, By Other Distribution Channels, 2018-2028F |
8. United Arab Emirates Bakery Products Market - Key Performance Indicators |
9. United Arab Emirates Bakery Products Market - Opportunity Assessment |
9.1. United Arab Emirates Bakery Products Market Opportunity Assessment, By Product Types, 2028F |
9.2. United Arab Emirates Bakery Products Market Opportunity Assessment, By Distribution Channels, 2028F |
10. United Arab Emirates Bakery Products Market Competitive Landscape |
10.1. United Arab Emirates Bakery Products Market Revenue Share, By Companies, 2021 |
10.2. United Arab Emirates Bakery Products Market Competitive Benchmarking, By Operating & Technical Parameters |
11. Company Profiles |
12. Key Recommendations |
13. Disclaimer |
Market Forecast By Product Types (Cakes and Pastries, Biscuits, Bread, Morning Goods & Others), By Distribution Channels (Hypermarkets/Supermarkets, Convenience Stores, Speciality Stores, Online Retailing & Others) and competitive landscape
Product Code: ETC002450 | Publication Date: Apr 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
United Arab Emirates bakery product market is expected to grow due to the rising consumer disposable income, growing population, rising health concerns, increasing demand for gluten-free, high-fiber and trans-fat bakery products, the introduction of novel flavors along with the rising trend of natural nutrition, healthy living, and organic products is expected to promote the growth of bakery product market.
According to 6Wresearch, United Arab Emirates Bakery Product Market size is expected to register significant growth during the forecast period 2020-2026. The outburst of coronavirus is not likely to impact the bakery product market in the country as the ministry declared that country has ample food supply to meet the needs of the citizens and ensures the daily imports of food from the international markets would be maintained. Moreover, the government focuses to regulate the food supply in the country by monitoring the inventory, location, and storage conditions ensuring food sufficiency thereby, contributing to the bakery product market growth.
Based on the distribution channels, the online mode is expected to dominate the bakery product market owing to features such as delivery at doorsteps, availability of multiple payment options, and availability of a variety of products, discounts and offers available while ordering food through online mode. The increasing use of internet services would also add on to the bakery product market growth.
United Arab Emirates Bakery Products market report thoroughly covers the market by product types and distribution channels. United Arab Emirates Bakery Products market outlook report provides an unbiased and detailed analysis of the on-going United Arab Emirates Bakery Products market trends, opportunities/high growth areas, and drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
Markets Covered
United Arab Emirates Bakery Products Market report provides a detailed analysis of the following market segments:
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