GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Food Industry

 
  Share

Dubai World Trade Centre's trio of specialised food events driving growth in gourmet, seafood and confectioneries

Dubai, UAE, November 6, 2016: UAE food sales are projected to grow by an annual average of 7.3 per cent between 2015 and 2020, according to a new BMI report commissioned by Dubai World Trade Centre (DWTC) and released in tandem with the opening of its annual trio of specialist foods shows, which run until Wednesday 9 November.

In addition to underlining the country's standing as the GCC's second largest food market, the findings add further impetus to the relevance of DWTC's trio of finished food events - The Speciality Food Festival, Yummex Middle East and SEAFEX - as strategic investment and sourcing platforms for the regional food retail and hospitality industries.

With more than 700 local, regional and international food suppliers from over 60 countries showcasing thousands of specialist food products in front of an anticipated audience of 15,000 international buyers at this week's specialist food events, the report cites growing domestic demand for speciality gourmet, seafood and confectionery foods as the primary drivers of sustained long-term growth.

The heightened domestic demand for niche food products is reflected in 10 per cent growth across the three shows, according to Trixie LohMirmand, Senior Vice President, Exhibitions & Events Management, DWTC.

“Our well-established finished food platforms have yielded double-digit year-on-year growth in terms of floor space and total exhibitor participation this year,” said LohMirmand. “This growth highlights the strategic significance that global food suppliers place on the UAE as both a lucrative sales market and re-export hub to the wider region.”

The Speciality Food Festival - Higher demand for gourmet and premium foods
Owing to high income levels and rising affluence among UAE consumers, the report suggests ‘premiumisation' will spur the domestic food industry's growth until the end of the decade. The claim is supported by the fact the average UAE household spends more on premium and gourmet products than equivalent households in the US, Japan, the UK, Korea, and China.

With approximately 26 per cent of UAE households forecasted to earn more than USD 75,000 in 2017 and the average household earning predicted to increase by 27.8 per cent by 2020, The Speciality Food Festival provides an opportunity for food retailers and hospitality providers to access thousands of innovative new products that are destined for supermarket shelves and restaurant tables in the near future.

The Speciality Food Festival will feature 200-plus exhibitors from over 50 countries, including new country pavilions and a broad portfolio of international and local buyers, suppliers, producers, importers & exporters of gourmet, halal and organic products.

SEAFEX - Seafood sector primed for positive growth
The UAE's seafood demand is also set for rapid growth over the next four years, with an eight per cent compound annual growth rate (CAGR) in fish and fish product sales in the UAE alone leading up to 2020. The report cites growth across all three sub-sectors of consumable seafood: fish, shellfish and preserved fish, and other preserved or processed fish and seafood, at annual average rates of 8.2 per cent, 7.9 per cent and 6.3 per cent, respectively, by 2020.

SEAFEX 2016 will feature more than 145 exhibitors from more than 25 countries. This year's show is spread across 4,500 square metres - up 12.5 per cent on last year - with new exhibitors from the UK, Norway, the USA, the UAE and Vietnam.

Yummex Middle East – Surging confectionery sales
The UAE's confectionary sector is also anticipated to grow with total chocolate and sweets sales growing by 6.2 per cent CAGR by 2020 and per capita sales rising by an annual average of 4.7 per cent over the same period.

With the country's burgeoning confectionery segment boosted by major international market players such as Mars and Nestle operating local production facilities, the report indicates further growth will come from premium chocolate producers establishing new production facilities in the Emirates. Russian chocolatier Goldberg is due open an automation-led production facility in the UAE before the end of this year.

The 10th edition of Yummex Middle East, formerly known as Sweets & Snacks Middle East and held in partnership with Koelnmesse GmbH, will host over 350 companies from 46 countries this year. Yummex Middle East will span over 10,000 square metres of space - 18 per cent up on last year.

New features, major buyers, historic partners
This year's events will also debut the Global Date Market – a specialist sourcing platform for date products that will unite the region's leading date producers with top hotels, restaurants, supermarkets and other end sellers. Sponsored by the Saudi Export Development Authority (SEDA), The Global Date Market will display over 200 date varieties from more than 50 global producers across the UAE and the wider GCC, as well as Europe, Asia and America.

In-line with increased food sector growth in the UAE, DWTC's trio of niche food events will welcome a roster of top-level sourcing delegations includes representatives from Carrefour UAE, Jumeirah Group, Spinneys, Waitrose, Dubai Duty Free, Rotana Group, Emirates Flight Catering, Manuel Supermarket and Dubai Mall among others.

Dubai World Trade Centre (DWTC) has also signed a landmark partnership with the Italian Trade Agency (ICE) – the official government organisation which promotes Italian companies internationally - that will see the best Italian food and drink producers participate at DWTC's trio of specialist food events this year.
DWTC's trio of niche food events are open daily from 10am-5pm until 9 November 2016 and are for trade and business professionals only. General public and persons under the age of 21 will not be permitted entry. Registration is available at the show upon proof of trade status.



Posted by : GoDubai Editorial Team
Viewed 7832 times
Posted on : Sunday, November 6, 2016  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Grana Padano returns to Dubai with master pizza chef, Franco Pepe
Next Story : New opportunities arise as UAE market for plants and fresh produce continues to grow
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
RUNWAY DUBAI creates a new buzz campaign for fashion tourism
Time for Some AIGNER Love
Achieve whiter teeth at home with Spotlight Teeth White Strips
SUC signed MOU with Waldorf Astoria Ras Al Khaimah
Golden Bridge Rectangle Diamonds Celebrates The Virtuosity Of Art Deco Design Genius
Gift gorgeous skin this festive season.
Calvin Klein Presents Steadfast Collection
BOSS watches presents Navigator Collection
Sthan, bringing you authentic Frontier food from beyond borders, is now open in Dubai
Absolutely Rejuvenated Skin to Start the New Year
Coach Women's Lex Stainless Steel Bracelet Watch Collection
Mohammed bin Rashid Launches UAE Astronaut Programme
Glamazle.com names a Lipstick after Yardstick Marketing as a testimonial to the ...
Step into 2018 with skinade & slow down the signs of ageing
‘Artistry' - Branded Jewellery show at Malabar Gold & Diamonds' outlet in Meena ...
With the Increasing Trend of Grooming Among Men, Kaya Skin Clinic Launches an Ex...
SUC Conducted the 10th CEO Lecture Series
Together for Egyptian Cinema: A Million happy viewers
Nouveau Lashes & Beauty – The Aftercare Range
The First “Dilmah Silver Jubilee Gourmet” in a Middle East Hotel Opens in Pullma...
Lg V30+ Launches in the Uae and Makes Its Way Into Customers' Pockets and Lives
LG bets high on Premium TV Market with industry leading OLED Technology
Over 200 developers across India participate in CREDAI's Indian Property Show
Unilever's Lipton Jebel Ali Tea Factory First in MENA to Achieve Bronze World Cl...
Dubai-based teen star Polina Butorina releases her debut album ‘Ocean of Emotions'
10 years on Bremont refreshes ALT1-P range
Switzerland wins a Good Design Award for the first chronograph-watch in history
Win 3000 Dollars with Splash
Saint Honore presents the distinguished Haussmann for men in an elegant avatar
Sleigh your style with women'secret's festive collection
LPG Endermologie provides tips for you to stay healthy and glowing inside and out
Ghantoot present 17th Emirates Open Polo Championship International
Al Tayer Motors Celebrates 100 Years of Ford Pick-up Trucks
Joyalukkas the World's Favourite Jeweller Now Launches in South Extension, Delhi
DIFF Welcomes Robert Bosch Stiftung to the Festival's 14th Edition
Registration Opens for the Fazza Championships for Falconry 2018
Festive and NYE Happenings at Tub of Butter
SOUQ launches “Amazon Global Store” bringing over a million global products to t...
du Opens New Business Centre Facility at Jebel Ali Free Zone (Jafza)
Ring in the New Year with Ramada Plaza Jumeirah Beach in JBR at Fogueira, Speake...
Party Season Essentials at Paris Gallery
Lacoste Introduces Motion Collection
Saxo Bank 2018 Outrageous Predictions: 2018 will be a true roller coaster ride c...
De'longhi Bean-to-cup Coffee Machines
Huawei's ultimate gift guide for the 2017 Holiday Season
Green Hope on Former US Vice President Al Gore's 24 Hours of Climate Reality telecast
The du Youth Council Holds a Volunteering Day at Al Ain Zoo with People of Deter...
Indian realty in revival mode, says industry expert
DIFF Closes With Full Force on the Red Carpet
MEPRA announces winners of its 2017 awards