The UAE Catering Services Market is expecting around 6% CAGR during 2022-27, states MarkNtel Advisors in their recent research report. The increasing number of tourists in the UAE and the increasing construction of hotels are the prime aspects driving the Catering Services Market. The UAE government sees tourism as an opportunistic alternative to diversify their economy & reduce dependency on oil. As a result, it is investing massively in hotel construction while introducing infrastructure plans. Therefore, the tourism sector would remain a prominent factor in driving the market.
Besides, the UAE's aviation sector is also expanding substantially and propelling the demand for in-flight catering services to ensure the highest standards of food quality & safety. Moreover, Emirates Flight Catering is a leading player in this industry & amongst the largest in-flight catering facilities, whose extensive presence in the UAE would further boost the market through 2026, further states the research report, “ UAE Catering Services Market Analysis, 2022.”
Contractual Catering Services to Gain Significant Momentum across the UAE through 2027
The increasing number of educational institutions like schools & colleges, large construction camps, and hospitals, among others, is the prime aspect fueling the demand for contract-based catering services in the UAE and driving the market.
Among the different end-user verticals, the construction sector in UAE is extensively expanding, mainly due to the mounting government focus on infrastructure developments and the surging demand for housing construction. As a result, it is creating the need for contractual catering services in the country to suffice the burgeoning food requirements of laborers.
Dubai Tourism to Emerge as an Area of Remunerative Opportunity for the Leading Market Players
Geographically, the Catering Services Market is projected to observe lucrative growth opportunities in Dubai, owing to its growing tourism sector. The city has one of the world's busiest airports with exponentially increasing air traffic, i.e., infusing the demand for catering services across several airlines. Moreover, the government has planned to maximize & maintain the circulation of foreign investments in the city, mainly through tourism. It, in turn, would further spur the need for catering services for the increasing number of tourists and accelerate the overall market growth in the years to come, reveals MarkNtel Advisors in their research report, "UAE Catering Services Market Analysis, 2022."
According to MarkNtel Advisors, the leading players in the UAE Catering Services Market include Abela and Co., ADNH Compass, Emirates Flight Catering, National Catering Services & Foodstuff, Royal Catering, and Southern Food & Catering Services.
Key Questions Answered in the Study