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November 1, 2021updated 02 Nov 2021 1:26pm

Emirates Food Industries set for Abu Dhabi listing

The move is linked to plans to expand the company's operations in support of the UAE’s food-security programme.

United Arab Emirates-based Emirates Food Industries (EFI) is to partially list its shares on the Abu Dhabi Securities Exchange.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

The food and agriculture business, owned by Abu Dhabi-based National Holding, said the secondary listing is linked to plans to expand operations in support of the UAE’s food-security programme.

Headquartered in Abu Dhabi, EFI has manufacturing, logistics and distribution operations across the UAE, with interests in agriculture, animal feed and dairy.

CEO Wasfi Kaso said: “This listing is an integral and strategic step towards our ambitious five-year plan of expansion and capability development. It would make sense to look to the UAE’s capital markets to support us in our growth plans as we look to solidify our role as a partner in the UAE’s food-security agenda.”

EFI is currently in the final stages of completing its new dairy factory in Al Ain, operated by its subsidiary National Dairy.

The factory will be dedicated to the production and processing of dairy products for the UAE and wider Gulf region. It will be operational by the first quarter of 2022.

In September, EFI teamed up with Israeli food company Tnuva in an attempt to expand its presence in the dairy sector.

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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