Dubai, UAE: The UAE’s Food & Beverage (F&B) sector is on a trajectory for remarkable growth, with projections indicating a reach of USD 43.98 billion by 2029, supported by strong tourism, a buoyant economy, and a dynamic demographic landscape, according to a recent whitepaper by JLL titled ‘A Flavourful Journey’.
Expansive Growth Across Diverse Categories
The JLL report highlights the expansive growth across a wide array of F&B categories, including fast food, fine dining, and specialty coffee shops, in response to consumer demands for convenience, quality, and sustainability. The success and international expansion of homegrown F&B concepts are also contributing to the UAE’s burgeoning global culinary reputation. With a Compound Annual Growth Rate (CAGR) of 17.09%, the sector’s growth is significantly supported by the UAE’s resilient tourism industry, a strong economy, competitive business environment, and government…
