Top 10 Fastest-growing FMCG Companies in Dubai 2024
Fast-moving consumer goods (FMCG) companies in Dubai are experiencing rapid growth, thanks to the city’s booming economy and its strategic location at the crossroads of East and West.
In this blog, we will take a look at the Top 10 FMCG Companies in Dubai for 2024:
1. Lulu Group International
Founded in 1995, Lulu Group International has a 9% Annual Revenue Growth Rate due to its diversified interests in various sectors like Retail outlets, hypermarkets, and supermarkets chains across the Middle East & South Asia; manufacturing units for garments, footwear, furniture, etc.; hospitality services through hotels, resorts, etc.; travel, tourism-related activities; IT services; banking, etc., making it one-stop shop destination for everything.
By 2022, the company was estimated to have a revenue of US$33 billion with 150,000-200,000 employees working in its diversified departments such as retail trading, hospitality, entertainment, F&B, etc. The success story of Lulu Group International exemplifies commitment to innovation and customer satisfaction which makes it one of the most well-known FMCG companies in Dubai.
2. Al Maya Group
Al Maya Group has been one of the most successful FMCG companies in Dubai since 1982. Based out of its headquarters in Dubai Investment Park, Al Maya has been growing steadily for years and has an estimated revenue of AED 8.7 Billion in 2022. A
s an influential company, it currently employs close to 10,000 people through its various brands that offer FMCG products like fresh food, grocery products, and items from other sectors such as pharmacy, fashion, electronics, and home appliances. With a strong focus on customer satisfaction and a commitment to new technologies, Al Maya continues to grow its reach throughout the UAE and beyond.
3. Abudawood Group
With an annual revenue growth rate of 16%, Abudawood Group is one of the fastest-growing FMCG companies in Dubai. Founded in 1969 by Muhammad Abudawood, it has grown to become a leading global FMCG organization with an impressive portfolio across several business sectors. The company has its headquarters in Jeddah, Saudi Arabia, and operates around 70 offices in 30 countries worldwide.
In 2022, they are expected to record annual revenue of USD 7.5 billion with a passionate team of 6,000 employees. They provide FMCG solutions including trading, distribution, and manufacturing at all levels – local, regional, and global markets – allowing them to reach customers everywhere through their extensive network of knowledgeable partners and efficient supply chain operations.
4. Daymon Worldwide
Daymon Worldwide is one of the leading FMCG companies in Dubai, founded in 1971. It has its headquarters in Stamford, Connecticut with an impressive revenue of over $7 billion forecast for 2022. It is one of the largest employers in the FMCG sector with 11,000 employees around the world and 2,000 retail stores globally. Daymon Worldwide provides products from 6,500 suppliers and occupies different locations across 42 countries.
It specializes in retailing private label goods such as grocery items, health & beauty products, apparel & footwear, and home décor items to major retailers all over the world. Its operations extend to various functions including sales and merchandising, marketing support services, private label manufacturing, and consulting services. Its brand portfolio includes renowned businesses such as Frito-Lay, GACDANNEL, Johnson & Johnson, and many more.
5. Union Coop
Founded in 1991 and headquartered in Al-Twar, the company’s primary goal is to provide convenience and quality products to its customers at an affordable price. In 2022, Union Coop’s revenue will surpass $1 billion, and its employee count clock past 7000 members. That makes Union Coop not only the top FMCG company but also one of the biggest businesses across the entire region. As such, they can offer their customers access to high-quality services and their wide range of products enable them with a hassle-free shopping experience.
Also Read:Â Top 10 Logistics Companies in Dubai 2024
6. BinHendi Enterprises
Founded in 1976, BinHendi Enterprises is one of the fast-growing FMCG companies in Dubai with a network spanning over 80 countries worldwide. Its headquarters are located in Dubai, and it is widely known for innovative solutions for retail and hospitality businesses. In 2022, its estimated revenue was $802 million, with over 1353 employees.
This international conglomerate specializes in F&B services and imports items from natural fibers to luxury clothing and accessories. With over four decades of experience, BinHendi continues to provide customers with quality products and customer support empowered by trustworthy employees and an innovative marketing approach that utilizes decades’ worth of industry knowledge.
7. Al Aabdi Holding
This is another FMCG company that is experiencing rapid growth with an annual revenue growth rate of 12%. Founded in 1995 with just a single molecule factory, it has since grown significantly and today boasts hundreds of employees distributed throughout its multiple branches in different states. In 2022, Al Aabdi Holding is projected to exceed an estimated revenue of $500 million. Al Aabdi Holdings offers a diverse range of products from food and beverages to medical supplies, catering to customers in the UAE, Arabian Gulf countries, Africa, and Europe.
8. Spinneys Dubai
Spinneys Dubai is one of the FMCG companies based in Dubai. It was established in 1924 and has since been a household name for quality grocery products in the UAE. Headquartered in Dubai, Spinneys employs almost 3300 people across the country and is estimated to generate nearly USD 380 million worth of revenue this year alone.
As one of the largest FMCG companies in the UAE, Spinneys offers customers a wide range of quality fresh produce, grocery, and home essentials at competitive prices. They have over 45 stores located all over Abu Dhabi, Dubai, and Sharjah, making it easy to find whatever you need closer to home or work.
9. United Vision Logistics
Founded in 2002, United Vision Logistics is one of the fastest-growing FMCG companies in Dubai. Headquartered in the UAE, the company provides comprehensive delivery and logistics services to its clients worldwide. This logistics company has a 7% Annual Revenue Growth Rate.
According to their financial report from 2022, United Vision Logistics has a total annual revenue of close to USD 80 million with over 400 employees on staff. Their services range from door-to-door product delivery, supply chain optimization, freight forwarding, freight consolidation, and other innovative logistics solutions that have proven successful time and time again.
10. Emirates Foodstuff Trading
Emirates Foodstuff Trading is an FMCG company that has been operating in Dubai since 2006. It was founded by Othman Almehairbi, who aimed to provide high-quality, nutritious FMCG goods to the people of Dubai and the surrounding areas. The company headquarters are located in Dubai Industrial City and they employ over 200 highly trained workers.
In 2022 they achieved revenue growth of 50%, making their total revenue reach $14 million, solidifying their place as one of the leading FMCG companies in Dubai. By consistently providing dependable FMCG goods at competitive prices, Emirates Foodstuff Trading has become renowned for excellence and innovation throughout Dubai and the United Arab Emirates.
Conclusion:
Whether you’re looking for your next career opportunity or just trying to keep up with who’s doing what within the industry—these are some of the fastest-growing FMCG companies in Dubai you should be aware of for 2024! Each has its unique approach when it comes to delivering quality products and services to its customers worldwide—so keep your eyes peeled for any new developments from these businesses throughout this year!
