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Among all the major vegetables in UAE, Garlic is the fastest growing type with an estimated CAGR of 18.27% and in Fruits, Banana is the quickest growing fruits with a CAGR 72.41%. Among all the GCC countries, UAE spends the most on food products, after Saudi Arabia. The increase in consumption of fruits and vegetables in the country is attributed to the growing expatriate population and economic prosperity. UAE has the highest expatiate population of about 85.5%.
Government support through Polices drives the market
UAE is the second highest consumer of food in GCC. The local demand is mostly met by imports. To limit UAEs reliance on import, the government started efforts to improve the domestic production of fruits and vegetables. The UAE government provides subsidies for every aspect of farming to bring in more number of investors. To further encourage farmers, the government announced an agricultural fund started by the Abu Dhabi Farmers Service Centre ADFSC. This fund will support the farmers by spending nearly AED 20 million per year to support and finance modern farming techniques
Due to the government's efforts to increase domestic production, the farmers produced over 38,800 tons of fruits and vegetables during the 20142015 farming season. It estimated that the value of domestically produced fruits and vegetables will increase by 25% in the future. The demand for fruits and vegetables has been growing year after year, so as the need for foreign investors and local farmers.
Domestic production of Dates and Onions dominates the market share
Domestic production of fruits is completely dominated by Dates. Dates accounts for close to 98% of the fruits in UAE. The production volume of dates is almost constant since last 5 years which was at 237864 tonnes in 2013 and 211666 tonnes in 2016.
Onion is also one of the largest vegetable crop produced domestically in UAE. Onion production is at a better phase when compared to rest of the crops produced in UAE. The volume is expected to grow at a CAGR of 1.93% during the forecast period
Key Developments in the Market
April 2017,UAE bans imports of fruits and vegetables from Egypt, oman, Jordan, Lebanon and Yemen
Major Key Players WHOLESALE OWNERS, RETAILERS
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