Alcoholic Drinks - United Arab Emirates

The Alcoholic Drinks market in United Arab Emirates has been experiencing steady growth in recent years. Customer preferences have been shifting towards premium and craft beverages, driving the demand for high-quality and unique alcoholic drinks. The market is also influenced by local special circumstances, such as cultural and religious factors, which impact the consumption patterns and regulations surrounding alcohol. Additionally, underlying macroeconomic factors, such as population growth and increasing disposable incomes, have contributed to the development of the market. Customer preferences in the Alcoholic Drinks market in United Arab Emirates have been evolving towards premium and craft beverages. Consumers are increasingly seeking unique and high-quality alcoholic drinks, including artisanal beers, small-batch spirits, and boutique wines. This trend is driven by a desire for more sophisticated and exclusive drinking experiences. As a result, there has been a growing demand for imported and specialty alcoholic drinks, as well as an increase in the number of local craft breweries and distilleries. Trends in the market also reflect the influence of global and regional developments. The popularity of wine and spirits has been on the rise, with consumers showing a growing interest in exploring different varieties and flavors. This trend is supported by the increasing availability of imported wines and spirits from around the world. In addition, there has been a shift towards healthier drinking choices, with consumers opting for low-alcohol or alcohol-free alternatives, such as non-alcoholic beers and mocktails. Local special circumstances, such as cultural and religious factors, play a significant role in shaping the Alcoholic Drinks market in United Arab Emirates. The consumption of alcohol is subject to strict regulations and cultural norms, as the country follows Islamic law. While the sale and consumption of alcohol are permitted in designated areas, there are restrictions on advertising and public displays of alcohol. This has led to a unique market environment, with a focus on luxury and exclusive experiences in venues such as hotels and restaurants. Underlying macroeconomic factors have also contributed to the development of the Alcoholic Drinks market in United Arab Emirates. The country has experienced rapid population growth, with an influx of expatriates and tourists. This has resulted in an expanding consumer base for alcoholic drinks. In addition, increasing disposable incomes have allowed consumers to spend more on premium and imported beverages. The growing tourism industry has further boosted the demand for alcoholic drinks, as visitors seek to experience the local culture and cuisine. In conclusion, the Alcoholic Drinks market in United Arab Emirates is developing in response to changing customer preferences, influenced by global and regional trends. The market is driven by a growing demand for premium and craft beverages, as well as the influence of local special circumstances, such as cultural and religious factors. Underlying macroeconomic factors, including population growth and increasing disposable incomes, have also contributed to the growth of the market.

Data coverage:
The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Modeling approach:
Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on alcoholic beverages, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.