The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has revealed promising forecasts for the UAE’s food and beverage sector. It projects a revenue of $38.3 billion in 2024, driven by a 19% increase in exports during the first half of the year.

The report highlights significant trends, including a forecasted $619 million in online food and beverage sales in Abu Dhabi by 2025, driven by the rise of e-commerce.

Additionally, consumer spending in the sector is expected to increase by 6.3% in 2024, reinforcing the industry’s sustainability and growth potential. The sector’s attractiveness is evident in the 2,540 new companies that joined ADCCI between January and October 2023, covering 178 activities and comprising 8.2% of the Chamber’s total membership.

Shamis Ali Khalfan Al Dhaheri, Second Vice Chairman of ADCCI, emphasized the Chamber’s strategic focus. “Our participation in Global Food Week aims to strengthen Abu Dhabi’s position as a global investment hub in the food and beverage sector. It aligns with our efforts to support the prosperity of the local business ecosystem, providing both national and foreign businesses with opportunities to thrive and expand globally.”