Food inflation leads to rise of Gulf discount operators

  • Date: 01-Dec-2023
  • Source: AGBI
  • Sector:Agriculture
  • Country:UAE
  • Who else needs to know?

Food inflation leads to rise of Gulf discount operators

Rising food costs in the Gulf over the last two years have spurred an increase in the number of discount operators entering the market.  The food and beverage category of the UAE’s consumer price index rose from 100.3 in 2021 to 107.5 in 2022, and is forecast to rise further to 111.8 in 2023, according […]

Shoppers seek cheaper food

UAE discounters grow 20%

Private label quality improves

Rising food costs in the Gulf over the last two years have spurred an increase in the number of discount operators entering the market. 

The food and beverage category of the UAE’s consumer price index rose from 100.3 in 2021 to 107.5 in 2022, and is forecast to rise further to 111.8 in 2023, according to government statistics. 

“The discount retailers are seeing traction, especially as consumer prices are increasing and the quality of private labels continues to increase,” Sandeep Ganediwalla, partner at Redseer Consulting in Dubai, told AGBI.

Food store Kibsons says IPO could be on the table

UAE refreshes strategy to reduce food waste by 50%

UAE’s Majid Al Futtaim sees 73% surge in digital grocery sales

He highlighted the example of Viva, a discount supermarket chain launched by the UAE’s Landmark Group in February 2018.

“They are a private