According to MarkNtel Advisors' research report, "UAE Catering Service Market Analysis, 2021," the market is likely to grow at a CAGR of 6% in the forecast period of 2021-26. It owes prominently to numerous factors like the growing initiatives by the government to boost the arrival of tourists in the country, making a positive impact on the demand for new hotels in the country. Some of these initiatives are Sharjah Tourism Vision 2021, Dubai Tourism Strategy 2020, and Ajman Strategic Plan for Tourism 2015-2021. All these factors are together propelling the growth of the UAE Catering Service Market in the forecast period.
Key questions answered in the study
Contractual Service to Witness the Fastest Market Growth
Based on the Type, the market segments into Contractual and Non-Contractual services. Of both, the Contractual Type is more likely to attain the fastest market growth in the forecast period due to several supporting factors, such as end-users, hiring contractual catering services in areas like corporate offices, educational institutes, healthcare, defense, etc. Moreover, the growing population & urbanization are creating more demand for housing construction, further propelling the demand for contractual catering services in UAE and leading the segment to attain rapid growth.
"UAE Catering Service Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Catering Service providers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Corporate Sector to Attain the Largest Market Share
Based on End-Users, the UAE Catering Service Market bifurcates into Corporate, Education, Healthcare, Defense, Mining & EPC, Sports & Leisure, and Others. Here the Corporate Sector is more likely to attain the largest market share in the forecast years. It owes prominently to the establishment of corporate offices positively impacting the demand for catering services. Furthermore, the growing office space and the surging number of corporate events & conferences are other critical factors likely to boost the market share of the segment in the forecast years, reveals MarkNtel Advisors in their research report, "UAE Catering Service Market Analysis, 2021.
According to MarkNtel Advisors, the leading players in the UAE Catering Service Market are Abela and Co., ADNH Compass, Emirates Flight Catering, National Catering Services & Foodstuff, Royal Catering, etc.