UAE canned food market to be worth $326m by 2028

APEAL

The latest market analysis report reveals that the UAE canned food market is poised for substantial growth, with expectations to achieve a compound annual growth rate (CAGR) of 3.81%. 

This robust growth trajectory indicates a rise from a valuation of US$250.789 million in 2021 to an anticipated market size of US$325.872 million by the year 2028.

This has been reported in the  “UAE Canned Food Market – Forecasts from 2023 to 2028” report added to ResearchAndMarkets.com.

The UAE’s affluent lifestyle and diversified economy that spans from oil production to tourism and a thriving meat industry are significant factors propelling the canned food sector forward. 

An increasing consumer base fuelled by UAE residents’ high meat consumption has resulted in surging demand for various canned meat products, which in turn strengthens the market.
Key Market Drivers

  • Online Retail Revolution: Transitioning towards the digital era, retailers in the UAE are extensively growing their online capabilities to cater to a market that chooses convenience and efficient delivery systems, fuelling the canned food industry.
  • Convenience and Ready-to-Eat Preferences: The fast-paced lifestyle of consumers in the UAE has led to a significant rise in the demand for ready-to-eat and convenience food, with innovations in food processing technologies playing a vital role.

The push towards online grocery shopping and advancements in digital infrastructure also contribute to the market growth. With internet penetration reaching new heights in the UAE, online distribution channels are becoming increasingly popular, promising a brighter future for the canned food market.

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