World of Coffee 2024 Exhibition Kicks Off by January Next Year.
The coffee shops sector is one of the most important emerging sectors in the United Arab Emirates.
Around 9,084 coffee shops are located in Dubai, according to Shawq bin Rida, Director of the World of Coffee 2024 exhibition.
World of Coffee 2024 exhibition by DXB Live, the event management and organization arm of Dubai World Trade Centre.
Bin Rida said that the approximate value of the coffee market in the country is around AED 1.1 billion.
Noting that during the years from 2023 to 2029 the expected annual market growth is over 8%.
As per Statista 2022 estimate for the global coffee market 82% of global coffee revenue comes from consumption in cafes and restaurants.
While 18% of revenue comes from home consumption.
The fast-paced lifestyle is driving the coffee sector towards further growth, due to the increasing number of coffee shops.
Which has encouraged leading Emirati brands to expand locally, regionally and globally.
By opening more branches in different countries around the world.
Bin Rida indicated that monitoring coffee product prices is becoming increasingly important.
As people’s interest in drinking coffee increases in the country and around the world.
Global coffee prices have risen sharply this year.
The coffee prices have risen 200% in the past four years.
Due to the rising production costs.
In addition to the distribution challenges, and weather changes in producing countries.
As per expectations, prices will continue to rise in the future.
She explained that a number of factors are affecting the coffee prices in producing countries.
Including how it is grown, its quantity, and how it is sold in the market.
Weather changes also have a significant impact on coffee production as coffee beans require specific climatic conditions to grow well.
Bin Rida pointed out that the exhibition is an important platform.
As it helps in exploring business development opportunities and enhancing cooperation.
The exhibition also helps in exchanging expertise among specialists and experts working in the sector.
Which will surely boost the growth of the coffee industry in the region.
World of Coffee 2024 exhibition brings together the biggest names in the coffee industry.
In addition to a large group of leading global and regional and local brands.
It also highlights the great opportunities and prospects that the sector offers in the Middle East in general.
And the UAE in particular, in light of growing demand for cafes.
Especially those offering specialty coffee, and the increasing volume of investments in the coffee industry.
She added: The third edition of this event is witnessing a 50% increase in area to meet the growing demand for participation.
There is no doubt that the exhibition will contribute to consolidating Dubai’s position as a destination for hosting international events.
Especially since Dubai is the first city in the Middle East and North Africa to host this global event.
Whose upcoming edition is characterized by the wide scope of global participation and the diversity of events held during it.
Read Also:
UAE Special Cultural Events During October and November
Jiu-Jitsu Upholding the UAE’s Victory in Sporting Events.
Elon Musk to Emirati Blogger: We Will Support UN Teams in Gaza
Emirati Cuisine, A Mixture of Tasty Diets You Must Try in the UAE
