Noida, India (PressExposure) January 11, 2010 -- RNCOS, a leading market research firm, has recently released a report âBooming Retail Sector in UAEâ wherein it extensively analyzed the latent potential of burgeoning retail industry in the UAE. The research thoroughly covers all the prominent market segments and sub-segments with focus on current and future trends. The possible consequences of global financial turmoil have also been taken into consideration to provide a balanced research.
According to the report, close to 80% of food products sold at retail outlets in the UAE are imported and rest 20% are processed locally using primarily imported ingredients. The import ratio will escalate further in coming years due to lack of domestic production facilities and surging household consumption. We also believe that exporters will find a rapidly growing sector, providing added advantages like consumer relationships consolidate shipments, lucrative growth opportunities.
Apart from the food retail, other segments of the UAE retail industry will also experience robust growth during 2010-2013. Some segments such as cosmetics and personal care, personal computers, air conditioners are set to grow in double digit CAGR in coming years. These segments will also provide lucrative export opportunities for international majors to penetrate the booming market.
The UAE retail industry is substantially support the vertical industry segments. For instance -the advertising market, online retailing and security devices industries have gained impressive growth momentum in the recent years and are further projected to sustain their current growth rate in coming years on the ground of solid industry fundamentals working as catalyst for the entire value chain.
âBooming Retail Sector in UAEâ contains an exhaustive analysis and credible information of the UAE retail industry. The report provides quantitative data and comparable statistics of various segments such as - retail sales, food service, textile and textile articles, cosmetics and personal care, PC shipments, number of stores and sales, advertising expenditure, etc. An overview of current competitive landscape has also been included in report to facilitate an all around market intelligence.
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