Middle East and Africa - The Future of Foodservice to 2027

Middle East and Africa - The Future of Foodservice to 2027

Summary

“Middle East and Africa (MEA) Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027” published by GlobalData provides extensive insight and analysis of the Middle East and Africa Foodservice market over the next five years (2022-27) and acts as a vital point of reference for operators or suppliers.

The total revenue of the Middle East and African profit sector totaled $91.2 billion in 2022, increasing at a slow compound annual growth rate (CAGR) of 0.3% during 2017-22. The number of transactions also grew slowly at a CAGR of 1.1%, while the outlet count achieved a CAGR of 0.5%. The COVID-19 pandemic caused an economic slowdown that disrupted the profit sector’s performance in 2020-21. In addition, foodservice sales were impacted by high inflation in 2022 due to the Russia-Ukraine conflict. In 2022, QSR was the largest foodservice channel, with a value share of 46.8%, followed by FSR with 18.9%. During 2017-22, the pub, club & bar channel registered a steep decline in its value sales, falling at a negative CAGR of 5.8%, owing to limited footfall amid COVID-19 restrictions.

The report includes -

• Overview of Middle East and Africa' macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Middle East and Africa foodservice market including GDP per capita, consumer price index, population growth, and annual household income distribution.
• Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, coffee & tea shop, and pub, club & bar) within the Middle East and Africa foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
• Customer segmentation: Identify the most important demographic groups, buying habits, and motivations that drive out-of-home meal occasions among segments of the Middle East and Africa population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Scope

• QSR was the largest channel in the Middle East and African foodservice profit sector in 2022, with a value share of 46.8%. The profit sector channel registered sales of $42.7 billion in 2022 with a CAGR of 2.4% during 2017-22.
• FSR, the second-largest profit sector channel, was valued at $17.2 billion in 2022. Due to pandemic-related restrictions, the channel grew at a slow CAGR of 0.7% during 2017-22. Furthermore, the number of transactions declined at a negative CAGR of 0.2% over the period. However, the number of outlets achieved a marginal CAGR of 0.4%.
• The coffee & tea shop channel posted value sales of $3 billion in 2022, after posting a slow CAGR of 1.2% during 2017-22. The number of transactions were stagnant and rose at a CAGR of just 0.02%, while the number of outlets generated a CAGR of 0.5%. Hot coffee, milk, and hot tea are the channel’s most popular non-alcoholic beverages.
• Pub, club & bar accounted for 11.9% of total foodservice value sales in 2022. The channel’s value sales fell to $10.8 billion in 2022 from $14.6 billion in 2017, contracting at a negative CAGR of 5.8%.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2022-27) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
• Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, coffee & tea shop, and pub, club & bar) will allow readers understand the wants and needs of their target demographics.