FMCG sector gets Massive Leg-up in Dubai
Dubai has always had a robust and fast-growing FMCG sector. There are various FMCG multinational companies in Dubai that have managed to carve out their own niche in this sector over the years. FMCG has been growing rapidly throughout the United Arab Emirates (UAE) with Dubai being a nerve center for swift expansion owing to a highly cosmopolitan population and of course, growing consumer appetite for quality FMCG goods. The industry for consumer goods in the UAE has already witnessed steady growth over the last few years, while opening up a plethora of new job opportunities as well. Consumer spends have been steadily inching up as well across Dubai and the UAE. In the year 2016, for instance, overall consumer spends touched a whopping $183 billion and the prediction was for further increases over the next 4-5 years, touching an approximate value of $260-300 billion.
There are various FMCG trading companies in Dubai that are doing very well in recent times. The industry is faring really well due to several aspects such as the superb turnover in the sector along with increasing demand for talent within organizations in this space. New products are also being introduced all across Dubai over the last few years. There is also steady growth observed in case of online retailers and offline stores alike. The population of the UAE is also increasing and this will naturally open up more opportunities for future expansion as far as the retail sector is concerned.
Higher disposable incomes and evolving lifestyles are also being noted by food distributors in UAE and other players in the sector. Several global brands are coming to the Emirate of Dubai and hence they are steadily carving a niche for themselves amongst customers as well. Dubai has also witnessed skyrocketing growth in the FMCG space along with retail since it has naturally become one of the biggest tourism and business hotspots in the entire Middle East. It has naturally become the preferred destination for leisure and business alike in the UAE. This has rubbed off positively on sectors like FMCG, branded retail, apparel and the like. In this context, several leading distributors of these products are finding more takers concerned with quality in a bid to cater to a discerning clientele across the Emirate. Experts predict that FMCG segments will get a further boost in Dubai owing to several pro-active business reforms undertaken by the Government in recent times.
