A recent research report published by MarkNtel Advisors cites that the Kuwait Catering Services Market is expecting a considerable CAGR during 2023-28. The growth of the market is likely to be driven by the growing investments by the government in the hospitality sector, including the catering industry, for economic diversification away from oil in line with Kuwait Vision 2035, i.e., leading to an increasing number of cafes, hotels, restaurants, shopping malls, and food courts, among others, and, in turn, augmenting the demand for catering services.
Besides, the mounting influx of tourists, pilgrims, & migrants entwined with the exponentially rising population is also generating an immense need for catering services across different verticals and, consequently, encouraging the leading market players to introduce new food menus, hygienic & safe packaging, and deliver excellent serving & cleanup services to the end-users.
In addition, the rising number of airlines is another prominent aspect augmenting the demand for in-flight catering services and projecting remunerative prospects for the overall market growth through 2028, further states the research report, “Kuwait Catering Services Market Analysis, 2023.”
Increasing Penetration of Catering Services in Corporate Offices to Boost the Market through 2028
The corporate sector is the largest end-user of catering services across Kuwait and thus dominates the market. It owes principally to the growing awareness among organizations about the various benefits of catering services to enhance the overall productivity of employees and create a healthy work environment.
These benefits of catering services include the easy provision of food & beverages that cut out time to roam around, instant availability of snacks & meals for onsite gatherings or upscale dinners, and bringing colleagues together to develop relations & network in a relaxed environment.
Moreover, owing to the growing competition between the leading service providers, the catering services offered for corporates are diversifying rapidly & range from daily breakfast, luncheons, & barbecues to board meetings, conferences, & product launches, among others. Hence, these aspects indicate lucrative prospects for the Kuwait Catering Services Market for the corporate sector over the coming years.
The leading players in the Kuwait Catering Services Market include Kuwait Catering Company, Mais Catering, Kuwait Pearls Catering, Aswar National Catering Company, and Anaar Catering.
Key Questions Answered in the Research Report