The establishment of new corporate offices in the country is projected to positively impact the increasing demand for catering services in the region. The growing office space supplies and surging number of corporate events and conferences are the major factors to boost the requirement of catering services in the UAE.
According to MarkNtel Advisors’ research report titled “UAE Catering Services Market Analysis, 2020”, the catering services market is projected to grow at a CAGR of 6% during 2020-25. The increasing initiatives by the government to boost the arrival of tourists in the country has positively impacted the demand for new hotels in the country. The UAE has introduced several initiatives that have a strong impact on the tourism sector. Some of these initiatives are Dubai Tourism Strategy 2020, Sharjah Tourism Vision 2021, and Ajman Strategic Plan for Tourism 2015-2021. Thus, these are anticipated to strongly contribute toward the growth of the market in the forecast period.
UAE Catering Services Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the market potential, regional opportunities, key factors impacting sales and purchase decision, hotspots and growth opportunities available for catering services firms across the country. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the competition assessment, formulation of Go to Market Strategies and identifying the blue ocean for their offerings.
As per MarkNtel Advisors’ study, the corporate segment acquired the highest market share in the overall UAE catering services market in 2019. The growth of the segment is attributed to growing greenfield investments in the country, which is surging the number of construction projects in commercial, hospitality, and healthcare sectors.
Key questions answered in the study