AED 2.3 billion coffee consumption in the UAE annually
The “Coffee World 2023” exhibition promotes the increasing growth in the coffee market in the UAE, as the (6wresearch) research institution indicates that it is expected to witness a compound annual growth rate of 8.3% during the period between 2021-2027.
According to a report prepared by the “Fanack” Research Foundation, the value of coffee consumption in the Middle East region annually amounts to $ 7 billion, or more than 25 billion dirhams, while the per capita consumption is about 3.5 kilograms per year, and this growth is reinforced by the influx of more new brands. Specialized in coffee to the Arab market, and the opening of many branches of these brands in all countries of the region.
Research indicated that the UAE witnesses spending of $630 million, or more than 2.3 billion dirhams, on coffee consumption annually. This led to the attraction of many different types of coffee flavors and the opening of many international coffee chains.
Attracting investors
In support of the growth of the coffee market in the Middle East, the second edition of the “Coffee World” exhibition in Dubai will host a group of experts and pioneers of the sector to highlight the multiple opportunities and broad growth prospects for the coffee sector, which in recent years has contributed to attracting more investors to the country. UAE.
And in attracting and participating in the exhibition’s leading international sponsors, and reserving large spaces to display their products, including the Bonne Café Middle East Company, the Simonelli Group, Erica Grinder, and Culligan, which enhances the exhibition’s position as a leading platform for international companies and brands, to display their products and share their expertise in This event is the first of its kind in the coffee industry worldwide.
The World of Coffee Dubai exhibition is organized by DXB Live, the arm of integrated event planning and management services at the Dubai World Trade Center, in Zabeel Halls 5 and 6 from January 11-13, 2023.
Exceptional growth
Khalid Al Hammadi, Senior Vice President, DXB Live, said: “The coffee shop market in the country is witnessing exceptional growth due to the increasing consumer demand for a variety of coffee flavors, and the expected growth in the coffee market in the Middle East reflects the expansion of growth prospects for this sector in the region.
The World of Coffee 2023 exhibition constitutes a platform full of opportunities to build new relationships and partnerships between coffee merchants and attract investors to the sector, which in turn enhances the growth of the coffee trade in the UAE and increases its contribution to the national economy.
“We are looking forward to the launch of the second session of the “Coffee World 2023” exhibition, which constitutes a forum for dialogue and a bridge of cooperation between the pioneers of the sector, in addition to being a platform for knowledge related to the future growth of the sector, and areas of innovation and development in it.
Success
The holding of the “World of Coffee” exhibition in Dubai for the second time in a row follows the great success achieved by the first edition of the exhibition, and the wide turnout of industry leaders, experts and specialists from all over the world to participate in its various activities.
