Fish oil market dubai
The GCC has limited local agricultural production, and an ever growing demand for imported agri-food, fish and seafood products; in addition to a strong re-export market to neighbouring countries.
Canadian agri-food products are seen as high-quality, with a distinctive clean, pure and safe image. The GCC 's supply of fish and seafood products is diverse and is imported from over 50 countries. The top suppliers in were India with a InCanada ranked 25th among the GCC 's supplying countries with 0. The top lobster imports were frozen lobster US 6. Top export destinations were Thailand Although the market for lobster is still being established, the large base of expatriates and high incomes in the region and UAE in particular provide for significant market growth potential.
Furthermore, the activities around the World Expo, which will take place in Dubai, will mean an increase in the number of short term residents and visitors from East Asia, Europe, Canada and the United States, potentially expanding the demand for lobster and other high value crustaceans.
The hospitality segment in particular offers much potential, as the hotels to be built in the lead up to the World Expo will bring the final hotel room capacity in the UAE to aroundHowever, capitalizing on opportunities for lobster and other high value seafood in the market will require marketing efforts by Canadian stakeholders, as the Canada brand is still relatively unknown in this food category. Trade shows in the region provide opportunities to showcase the Canadian fish and seafood industry.
Live lobster is a fragile fish oil market dubai and requires specialized handling and logistics. According to Canada's locally engaged trade commissioner in Dubai, air transportation options to the GCC are limited and are the largest impediment in exporting lobster to the Gulf regions.
High-quality lobster has to be exported "live" and is therefore air-shipped within a short time period after being caught. Shipping lobster from the east coast of Canada to final destinations in fish oil market dubai Gulf region requires two carriers often Air Canada and Emirates.
It is often the case fish oil market dubai only one of these carriers has adequate space and, as such, the shipment a perishable good is often held up in transit. To complicate matters further, shipments usually requires automotive transportation from Halifax harbour to a Canadian international airport where it will depart from in order to get to the Gulf region.
As lobster shipments to this area are usually too small to warrant a separate shipping truck, shipments must wait until a truck carrying a separate, larger shipment often destined for China or the United States is available for transport. Every time a plane lands or takes off, the lobster shipment is loaded and unloaded, thus exposing the lobsters to changes in pressure, and temperature as well as added vibration and shock.
All of this adds to the mortality rate of the lobsters and reduces their life-span in the tanks at their final destination. Fish oil market dubai carriers have identified the inability of Canadian lobster producers to fish oil market dubai chartered flights with fish oil market dubai, despite record catch fish oil market dubai in recent years, as the main reason that the direct flights from Canada to the Gulf region are an expensive shipping option.
The real issue, as stated by carriers, is that lobster producers are willing to abandon flight arrangements made with Canadian carriers in pursuit of cheaper shipping prices elsewhere. For example, three fish oil market dubai ago CargoJet put on a direct flight from Moncton to Europe after the lobster community pushed fish oil market dubai a direct flight. During the time this flight was operational, CargoJet only ended up shipping 25, pounds of product per flight despite offeringpounds of capacity.
This failure by lobster producers to provide sufficient product to make a direct flight financially viable for carriers resulted in the cancellation of this direct flight service. These two countries alone are the best prospects for Canadian fish and seafood product exports. The locally engaged Canadian trade commissioner specifically highlighted the UAE as the largest and best market for Canadian seafood, including lobster, particularly due to the re-export factor to other regions within the GCCthe composition of a large expatriate community, and the influx of western tourists who are more familiar with the culinary attributes of products such as lobster, prawns and crab.
As a multicultural, high-income society with a significant number of expatriates and a highly sophisticated retail industry, the UAE is a fish oil market dubai market for innovative value-added products.
In addition, according to Euromonitor, with obesity and diabetes a growing concern in the region, demand for healthy foods is expected to rise and opportunities for healthy and light value-added seafood products will see an increase also. As in other parts of the world, consumers in the UAE and the Kingdom of Saudi Arabia KSA are increasingly purchasing their seafood from supermarkets and shopping malls.
Though, not widely available, online fish retail stores are also a growing market presence, and work to deliver seafood directly to households in metropolitan cities such as Dubai, according to Euromonitor. The GCC 's processed fish and seafood market is led by Americana group, which held a 5. The Americana group company profile in Euromonitor, describes it as a major food and foodservice provider in the GCC and worldwide. Americana's main businesses evolve around consumer foodservice and packaged food manufacturing.
The company manages over 1, stores in more than 13 countries. Modern grocery retailers are highly developed in the GCCwith most consumers buying fish oil market dubai groceries at supermarkets and fish oil market dubai.
Hypermarkets are the dominant distribution channel overall, especially for fish and seafood products. This is not only due to hypermarkets offering wide ranges of fish and seafood products and attractive price promotions, but also due to a strong mall culture, with many consumers combining grocery shopping with trips to shopping malls. In addition, there was an increasing fish oil market dubai for local grocery retailers, due in part to progressively more busy lifestyles, thus causing convenience stores to gain share in Euromonitor International, Moreover, the rate of fish oil market dubai has been impressive, and is on a par with emerging market powerhouses such as Brazil fish oil market dubai China.
In addition, they have a much higher per capita income, and a fish oil market dubai younger and more diverse population. According to Datamonitor, this combination of size, growth and wealth per capita makes the GCC a relatively unique market from a foodservice perspective, with a strong existing awareness of, and demand for, global foodservice brands and products fish oil market dubai with room for more consumption and demand growth.
While Saudi Arabia's tourism inflows are enormous due to millions making the annual pilgrimage to Mecca required of devout Muslims, per capita spending is quite low, while Kuwait has almost no tourism industry to speak of. Going forward, Euromonitor predicts that tourism will gain ground outside Saudi Arabia, with the governments of the UAE and Qatar both looking to tourism as key non-oil based industry to be developed.
Euromonitor also cites the vast sums invested by Qatar and the UAE to modernize and build tourism infrastructure in order to host the FIFA World Cup and World Expo as an examplesof national priority for the upcoming years. Futhermore, the region is a major trading hub, with nearly all products imported by fish oil market dubai, which fish oil market dubai consumers are accustomed to foreign brands and new culinary experiences.
In addition, the multi-ethnic composition of the GCC has an enormous impact on both the brands and types of food favoured by consumers. In regards to fish and seafood products, most of the demand in the GCCin particular for lobster, is met fish oil market dubai either local production or imports from neighboring countries such as India and Oman. Smaller quantities of high-end specialized items are imported from other countries such as the United States and Canada essentially for the fish oil market dubai, restaurant and institutional HRI sector.
For the few retailers in the UAE that offer it, Canadian live lobster has proven to be a popular product.
However, most retailers do not have tanks to hold stocks and so display the lobsters on ice. According to local suppliers, the main reason for the weak presence of live lobsters in the food retail sector is the lack of proper equipment to present the products.
The other challenge is that a large number of consumers are not familiar with the handling and cooking methods of live lobster and thus avoid it. Canadian companies interested in the Fish oil market dubai market could consider Canadian frozen shell-on lobster or lobster meat as an alternative to exporting live product. The processed product is generally shipped in refrigerated containers, which eliminates many of the current transportation issues that exist with shipping live lobster to the GCC region.
Frozen Canadian lobster, crab and prawns are an option for restaurant chains who offer seafood to their clientele. In short, despite the fish oil market dubai around logisitics and brand awareness, the UAE market for high value live seafood such fish oil market dubai lobster and crab offers opportunities for Canada.
The Gulf region is home to importers and distributors that are familiar with international products and can be good partners in developing a fish oil market dubai that will become increasingly lucrative for high value foreign products in the coming years as the region plays host to the World Expo and the World Cup.
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