Market Research Report
UAE Food Services Market, By Type (Dinning Services, PBCL (Pubs, Bars, Clubs & Lounges), QSR (Quick Service Restaurants), Cafe and Others), Competition Forecast & Opportunities, 2017-2027
|UAE Food Services Market, By Type (Dinning Services, PBCL (Pubs, Bars, Clubs & Lounges), QSR (Quick Service Restaurants), Cafe and Others), Competition Forecast & Opportunities, 2017-2027|
Published: May 1, 2022
Content info: 79 Pages
Delivery time: 2-3 business days
UAE food services market is expected to grow at a significant CAGR during the forecast period. The market growth can be attributed to the growing demand for customization and innovation in food menu options and the emergence of commercial restaurants and cafes in convenient places to cater to teenagers, families, and young professionals. A growing number of millennials and the working population and their increasing preference for hassle-free, nutritious, and readily available hygienic foods are expected to aid the growth of the UAE food services market during the forecast period. Additionally, the expansion of e-commerce/online platforms and on-the-go food services coupled with the introduction of low-fat beverages, gluten-free products, etc., are adding to the growth of the UAE food services market. Moreover, the reduced practice of preparing home-cooked meals owing to the increasing working women population and rising personal disposable incomes are stimulating the growth of the market. Furthermore, improving distribution channels and shifting taste of consumers, dietary, and budget preferences are anticipated to fuel the UAE food services market growth.
Restaurant owners, hotel chains are continuously expanding their services. Besides, they are also implementing new and creative business models to enable online delivery facilities and adapt to the trend of home delivery of eatables, which is also adding to the market growth. Besides the rising level of affluence and quality food standards in the country. Additionally, online food ordering platforms are enabling local and small businesses to make their menu available online and increase their consumer base, which is anticipated to fuel the market growth.
UAE food services market is segmented on the basis of type, company, and region. Based on the type, the market is further divided into dining services, PBCL (Pubs, Bars, Clubs & lounges), QSR, Cafe and others. The dining services segment is expected to dominate the UAE food services market owing to the availability of a wide range of food items on the menu and an increasing number of full-service restaurants.
Leading players in the UAE Food Services market are McDonald's Corp., Doctor's Associates Inc., Yum! Brands Inc., Seven & I Holdings Co. Ltd., Burger King Worldwide Inc., TGI Friday's, Burger King, CKE Restaurants Inc., Dunkin' Brands Group Inc., Starbucks Corp. etc.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F-2027F
Objective of the Study:
TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of Food Services providers in UAE. Subsequently, TechSci Research conducted primary research surveys with the identified service providers. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include Food Services providers that could not be identified due to the limitations of secondary research. TechSci Research analyzed the type and presence of all major food services providers across the country.
TechSci Research calculated the market size for the UAE Food Services market using a bottom-up approach, where food service providers' value & volume sales data for different types of food services (Dinning Services, PBCL, QSR, Cafe & Others) was recorded as well as forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective Food Services providers to arrive at the overall market size. Various secondary sources such as company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as policy makers, which market segments should be targeted over the coming years (next five years) in order to strategize investments and capitalize on growth of the market.
In this report, UAE Food Services market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Competition Benchmarking: Benchmarking of leading 10 players.
Company Profiles: Detailed analysis of the major companies present in the UAE Food Services market.
With the given market data, TechSci Research offers customizations according to the company's specific needs. The following customization options are available for the report: