The fruit and vegetable market of United Arab Emirates was valued at USD 868.7 million, USD 510 million respectively in 2017 and is expected to register an overall CAGR of 9.3% during the forecast period (2018-2023). In the United Arab Emirates, banana is the quickest growing fruit segment, with an expected CAGR of 28.6% during the forecast period.
The leading retail chains in the United Arab Emirates are Union Coop, Carrefour, Geant Hypermarket, Lulu Hypermarket, and others. The retail store market in the country is a slightly consolidated market and the high market share of these outlets are due to the high promotional offers given to the customers. Although only a few companies have major markets, new small retail and independent supermarket stores are growing at a faster rate.
The Fastest Market Growing Segment in Vegetables - Olive
Among all the major vegetables in UAE, the olive segment recorded the fastest growth, at an estimated CAGR of 36.9%, during the forecast period. Increase in appetite for olive oil is spearheading strong demand for olives and olive oil in the country. The soaring demand in the country is the result of the growth in the number of health-conscious consumers and the intrusion of Arab and Southern European expatriates.
Garlic, onion, potato, and tomato are a few of the major vegetables that are exported from UAE to the neighboring countries, such as Oman, Iran, Iraq, and a few other African countries, like Somalia, Sudan, etc. Garlic is the mainly exported vegetable, with an export value of USD 9.7 million, as of 2014. However, this value has been fluctuating and reached USD 9.0 million in 2017. The fluctuations in export values are mainly due to the changes in the production environment and price fluctuations, in the global market. The export volume of the same was recorded at 6,880.9 metric ton, in 2017.
Favorable Government Policies
The UAE government is providing subsidies in every aspect of farming to bring in a greater number of investors. The government has announced an agricultural fund, started by the Abu Dhabi Farmers Service Centre (ADFSC). This fund will help farmers by spending nearly USD 6 million per year to support and finance modern farming techniques. The fund has its primary focus on Hydroponic programs and is sure to cover up half of the total cost of production, for all the farmers. The Ministry of Climate Change and Environment, United Arab Emirates, has launched a program to encourage local farming. The ministry has also provided farming equipment, including tools for organic and hydroponic farming at half the price, benefitting local production of zucchini, cucumbers, tomatoes, and eggplants becoming prevalent.
Extreme Climatic Conditions
The United Arab Emirates is situated in the desert and has a quaint amount of underground water, meager rainfall, and no rivers. Scant annual rainfall and high evaporation rates are the reasons for water shortage in the region. The nation receives around 60 mm of rainfall annually, of which, most of the water evaporates and drains out. This shortage of freshwater acts as a deterrent to the growth of agriculture in the region. The continuous rise in temperature, because of global warming, contributes to the country’s water scarcity, drought, rising sea level, and aridity. The United Arab Emirates is characterized by its great arid land, high temperatures, and infrequent precipitation. These factors have affected the domestic population of fruits and vegetables in the country since these crops require a high amount of water for cultivation.
Key Developments of Agricultural Microbial Market
- May 2018, UAE bans imports of fruits and vegetables from Kerala due to the outbreak of Nipah virus.
- Jun 2018, one of the largest supermarket chain LuLu Group in UAE has increased the imports of vegetables from other countries like India and Srilanka.
Major Players: LuLu Group, Carrefour, Spinneys, Choithram, Al Maya and others
Fruits and Vegetables Market
(2014 – 2023)
Market Size in 2017
USD 1,378.7 million
Market Size in 2023
USD 3,808.9 million
LuLu Group, Carrefour, Spinneys, Choithram, Al Maya and others.
UAE fruit and vegetable market report offers latest trends, growth prospects, industry competitiveness, major players, regional market share and forecast to 2023.
Reasons to Purchase the Report
- To have an understanding of the fastest growing regions in the United Arab Emirates fruits and vegetables and growth trends during the forecast period
- The report outlines drives, restraints, and trends that are currently affecting the market
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The report covers in-detail insights about the competitors’ overview and company share analysis
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
- This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
1.1 Market Definition
1.2 Key Findings of the Study
2. RESEARCH SCOPE AND METHODOLOGY
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Methodology
2.4 Research Phases
3. MARKET DYNAMICS
3.1.1 Favorable Government Policies
3.1.2 Increase in Consumption of Fruits and Vegetables due to Health Consciousness
3.1.3 Strong Distribution and Retail Network
3.2.1 Extreme Climatic Conditions
3.2.2 Low Domestic Production
4. PORTER’S FIVE FORCES ANALYSIS
4.1 Bargaining Powers of Buyers
4.2 Bargaining Powers of Suppliers
4.3 Threat of New Entrants
4.4 Threat of Substitute Products and Services
4.5 Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Market Size (USD million)
5.1.2 Domestic Production Overview
5.1.3 Domestic Consumption Overview
5.1.4 Import Value and Volume
5.1.5 Export Value and Volume
5.2.1 Market Size (USD million)
5.2.2 Domestic Production Overview
5.2.3 Domestic Consumption Overview
5.2.4 Import Value and Volume
5.2.5 Export Value and Volume
6. PRICES AND TRADE
6.1 Onion - Prices and International Trade
6.2 Potato - Prices and International Trade
6.3 Tomato - Prices and International Trade
6.4 Garlic - Prices and International Trade
6.5 Cauliflower - Prices and International Trade
6.6 Beans - Prices and International Trade
6.7 Eggplant - Prices and International Trade
6.8 Lemon - Prices and International Trade
6.9 Apple - Prices and International Trade
6.10 Banana - Prices and International Trade
6.11 Grapefruit - Prices and International Trade
6.12 Grapes - Prices and International Trade
6.13 Strawberry - Prices and International Trade
6.14 Watermelon - Prices and International Trade
6.15 Dates - Prices and International Trade
7. REGIONAL ANALYSIS
7.1 PESTEL Analysis
7.2 Supply Chain Analysis
7.3 Government Policies
8. COMPETITIVE ANALYSIS
8.1 Distribution Network and Retail Analysis
8.2 List/Profile of Key Players
9. FUTURE OUTLOOK OF THE MARKET
10.1 List of Tables
10.2 List of Charts