2,540 new food and beverage companies joined ADCCI in first 10 months this year

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) revealed a 19% increase in food and beverage exports from the UAE during the first half of 2024 and projected a surge in the sector’s revenue to reach USD $38.3 billion (AED 141 billion), highlighting the success of the food and beverage industry.

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) unveiled these statistics in a report released to coincide with Global Food Week 2024, a premier platform uniting experts, academics, and international businesses involved in agriculture and food production. Held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President and Deputy Prime Minister of the UAE, Chairman of the Presidential Court, and Chairman of the Abu Dhabi Agriculture and Food Safety Authority (ADAFSA), the event is taking place until Thursday 28 November at the Abu Dhabi National Exhibition Centre (ADNEC).

The Chamber’s involvement underscores its commitment to achieving the UAE Food Security Strategy 2051 goals and supporting Abu Dhabi’s efforts to enable a business-friendly ecosystem, positioning the Emirate as a leading hub for talent, business, and investment. The event serves as a platform for businesses to achieve global growth and expansion, supported by integrated strategies focusing on sustainable development and high-growth emerging sectors.

ADCCI’s report further highlighted that online sales of Abu Dhabi food and beverages are expected to reach USD $619 million (AED 2.3 billion) by 2025, driven by increased e-commerce adoption and a growing market. The report also forecasts a 6.3% increase in consumer spending within the food and beverage sector during 2024, further reinforcing its long-term sustainability.

Reflecting the robustness and attractiveness of the sector, 2,540 new companies within the food sector - spanning 178 activities – became members of ADCCI between January and Oct 2023, representing approximately 8.2% of the Chamber’s total membership.

Fostering a Prosperous Business Ecosystem

His Excellency Shamis Ali Khalfan Al Dhaheri, Second Vice Chairman of the ADCCI, emphasized the strategic importance of the Chamber’s participation: “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.”

Supporting Local Talent and SMEs

During its participation in the Abu Dhabi International Food Exhibition 2024, the ADCCI will host seven local small and medium-sized enterprises (SMEs) in its pavilion. This initiative provides these companies with a platform to showcase their latest innovations and products, reflecting the Chamber’s commitment to supporting local businesses and enabling them to expand into regional and global markets.

Participating companies include Crystallize Sweet (specializing in desserts and confectionery), East Gate Bakery Equipment Factory (manufacturing bakery equipment), Chip n Dough (cookies and sweets), Guernsey Dairy (milk production), Caic Ice Cream, A Cookie Project (cookies), and Mira & FBMI.

The Chamber’s participation highlights its role in supporting the local private sector, offering promising opportunities for Emirati entrepreneurs, and opening new avenues for international trade. ADCCI also seeks to promote sustainable agricultural production using advanced technologies and innovative solutions, thereby reinforcing Abu Dhabi’s commitment to supporting the UAE’s efforts toward achieving global food security by 2050.