Group items tagged

Growth of the wealth and volume of UAE HNWIs is expected to see an even larger percentage increase, growing by 48% to reach USD 269 billion in 2017. The total number of local HNWIs is forecast to grow by 43%, to reach over 69,000 in 2017. There were approximately 48,300 HNWIs in the UAE at the end of 2012. These HNWIs held USD 182 billion in wealth which equated to 41% of total individual wealth held in the country. Local HNWIs slightly underperformed the worldwide HNWI average during 2008 to 2012.

While the country by country market changes have varied, nowhere has been left totally untouched global recession. Changes in consumer's behavior have affected the retail sector for different product categories and channels. General retailers was the largest channel group with hypermarkets, supermarkets and hard-discounters recording the highest sales among the various channels under the general retailers channel group during 2007 to 2012. Convenience stores and gas stations channel recorded the second highest sales.

The report covers total market and includes valuable insight and analysis on beer market trends, brands, brewers, packaging, distribution channels, market valuation and pricing.

Although the pace of growth is declining, flavored beers have recorded one of the highest growth rates among all beer segments and increased by more than 7% in volume. An increase in excise duty from January 2013 was widely expected to impact the beer markets development. Larger brewers in particular will be affected and will be forced to pass any increases on to the consumer. Growth of metal cans continued in 2012, although at a lower level than 2011, while the 50cl can was particularly popular with an increasing number of brands using this pack type.