Market Definition
Catering services are a prominent part of the hospitality sector that includes institutions, companies, and other businesses offering a blend of services like food preparation, transportation, and serving across restaurants, schools, hospitals, & cafeterias, among others. These services are usually for outdoor events, workplaces, airlines, railways, and other sectors.
Market Insights
The Kuwait Catering Services Market is projected to grow at a considerable CAGR during the forecast period, i.e., 2023-28. Most of the market expansion would be driven by the growing focus of the government on economic diversification away from oil & gas and developing other sectors like commercial, industrial, & hospitality. It, in turn, is demonstrating favorable policies & substantial investments into the construction of hotels, restaurants, shopping malls, cafes, and many others to offer excellent service experiences to the public.
As a result, the need for food services is soaring rapidly to meet the demand of the exponentially rising population and the growing influx of tourists, pilgrims, & migrants in Kuwait. Besides, the aviation sector is another industry playing a crucial role in driving the market by augmenting the need for in-flight catering services for customers & provide them with a variety of Kuwaiti dishes & cuisine.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-21 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| Region Covered | Al Asimah, Al Farwaniya, Hawalli, Al Ahmadi, Al Jahra |
| Key Companies Profiled | Kuwait Catering Company, Mais Catering, Kuwait Pearls Catering, Aswar National Catering Company, Anaar Catering |
| Unit Denominations | USD Million/Billion |
Moreover, since the working population is rising gradually with minimal or no time for cooking, ordering & consuming food from office canteens & restaurants is becoming a prominent trend. It, in turn, is propelling the need for robust catering solutions across corporate offices, schools, colleges, etc., to meet the different food requirements of people.
Furthermore, online catering services are gaining swift momentum across Kuwait, enabling consumers to order their favorite food anytime & from anywhere. These platforms allow customers to create their accounts and place orders for the future. In addition, the service provider could monitor consumer preferences to show them food options as per their preferences. As a result, the proliferating online services regarding foods further project remunerative prospects for overall market growth through 2028.
