UAE Business: UAE coffee market to grow at 8.3pc CAGR through 2027 – Gulf Digital News

UAE Business: UAE coffee market to grow at 8.3pc CAGR through 2027 – Gulf Digital News

The World of Coffee exhibition 2023 will reinforce the increasing growth of the UAE coffee market, and according to 6wresearch, it is expected to grow at a CAGR of 8.3% during the forecast period of 2021-2027.

According to a report by Fanack, coffee consumption in the Middle East amounts to $7 billion per year, which will account for over AED25 billion, and the estimated coffee consumption per person stands at 3.5 kilos per year, which improves the prospects of new coffee brands entering the Arab market and opening new branches in Arab countries.

According to figures, the UAE spends $630 million on coffee each year, which is over AED2.3 billion. The growth in the UAE coffee market is attributed to many factors, including the culturally diverse population in the UAE, which includes over 200 nationalities, which has resulted in the development of different coffee variants and launch of numerous multinational coffee chains and cafes in the nation.

Attracting investors

Supporting the growth of the coffee market in the Middle East, the World of Coffee exhibition, will host experts and industry leaders gathering under one roof to shed light on the possibilities and opportunities for the future growth of the coffee industry.

The coffee market has