By Type (Contractual, Non-Contractual), By End User (Corporate, Educational Institutes, Healthcare, Defense and Offshore, Mining & EPC, Sports & Leisure, Others), By Model (Client Pay B2B, Consumer pays/retail, B2C), By Region ( Dubai, Abu Dhabi, Sharjah & Northern Emirates), By Company
Buildings, Construction, Metals & Mining
The UAE has introduced several initiatives for the development of the travel and tourism sector such as Dubai Tourism Strategy 2020, Sharjah Tourism Vision 2021, Ajman Strategic Plan for Tourism 2015-2021. The rising number of tourists in the country can positively impact the growth of the hospitality sector.
UAE has the highest number of hotels under construction in the Middle East region. The country is projected to witness the introduction of 10 new hotels in 2020. Hence, it is expected to positively impact the demand for catering services in the forthcoming period. For instance, Hilton is expected to launch Embassy Suites and Hilton Garden Inn by 2022 in the country.
According to the MarkNtel Advisors’ research report titled “UAE Catering Services Market Analysis, 2020”, the Catering Services market is projected to register a CAGR of around 6% during 2020-25. The catering services on a contractual basis captured the highest market share in the UAE Catering Services market in 2019. The major end users of contractual services are corporate offices, educational institutes, healthcare, defense, etc. The establishment of new corporate offices and hospitals in the country would positively impact the demand for catering services.
The major players which capture a considerable share in the UAE Catering Services market include Abela and Co., ADNH Compass, Emirates Flight Catering, National Catering Services, and Foodstuff, Royal Catering, etc. The companies are engaging in mergers and acquisitions to gain a competitive edge in the industry.
Key Questions Answered in the Market Research Report
What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of UAE Catering services market?
What are the region wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the UAE Catering services market?
Who are the key competitors or market players and how they perform in UAE Catering services market on the basis of competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of UAE Catering services market study?
Q. What would be the growth rate or CAGR of UAE Catering services market during 2020-25?
A. The market size of UAE Catering services market during 2020-25 is forecast to be around 6%.
Q. Which type of Catering services services would grab the highest market share during 2020-25?
A. It is forecast that the catering services on a contractual basis captured the highest market share in the UAE catering services market.
Q. Who are the key competitors or players operating in UAE Catering services market?
A. Amwaj Catering, Shaqab, UAE Star Services, IFS, Tamimi Services Group, UAE Aircraft Catering Company are few of the leading players in the UAE Catering services market.
Q. Does the report scope cover Catering services type & model wise market statistics also?
A. Yes, the scope of the report encompass detailed Catering services type & model wise statistics such as market size, market segmentation based on various subcategories.
Q. Which end user segment would emerge as an opportunity area for players in Catering services?
A. The major end-users of catering services are Corporate Offices, Educational Institutes, Healthcare, Defence Forces that will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Catering services of UAE.