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Sugar in UAE Market.

Ranin Bakhitt

13/02/2023

The UAE sugar market is expected to grow at a compound annual growth rate of 5.63% over the forecast period to reach a market size of US $483.440 million in 2027 from US $329.551 million in 2020.

Intro

Market Overview

UAE consumers consume more sugar than is healthy in the current environment. UAE is the greatest sugar consumer in the world, with each customer using almost 214 kg of sugar per year.

National Bureau of Statistics

According to data from the National Bureau of Statistics of the United Arab Emirates, annual inflation rose to 2.58 percent in November 2021 from 1.86 percent the month before. Between May 2020 and February of this year, the FAO's Food Price Index jumped by 55.2%. This increase was mostly due to a 159.4% increase in the price of cooking oils, which was followed by major price increases for staples including sugar.

Key Development

February 2020: With the signing of a strategic membership agreement with Al Khaleej Sugar and Universa Block Chain, the Dubai Multi Commodities Centre (DMCC), the world's leading free zone and Government of Dubai Authority on commodities trade and enterprise will support the creation of a new sugar trading platform in Dubai. Traders will be able to buy, store, and sell sugar using the platform that is currently being developed using smart contracts on Universa's blockchain technology.

Market Scope

Consumption

Sugar Consumption Per Capita in United Arab Emirates

Sugar consumption per capita reached 28.9 kg in 2020 in United Arab Emirates, according to Faostat. This is 14.4% less than in the previous year.

Al Osra

Competitors

SIS

Carrefour

Pricing

Prices Per 1 KG

Carrefour

Al Osra

SIS

4.85 AED

5.50 AED

4.90 AED

Brand Size

Size

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