United Arab Emirates - The Future of Foodservice to 2027

United Arab Emirates - The Future of Foodservice to 2027

Summary

“United Arab Emirates (UAE) 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 UAE Foodservice market over the next five years (2022–27) and acts as a vital point of reference for operators or suppliers.

The UAE profit sector’s total revenue reached AED40.6 billion ($11.1 billion) in 2022, showing gradual growth with a compound annual growth rate (CAGR) of only 2% during 2017–22. The increase in tourist arrivals supported the growth of foodservice establishments. The increase in consumer demand for restaurant dining and eating outside of the home after the removal of COVID-19 restrictions was one of the major drivers of foodservice in the UAE. During 2017–22, the mobile operator channel registered the highest growth of 10.2%, followed by the QSR channel. The UAE profit sector will register a CAGR of 7.1% during 2022–27.

The report includes -

• Overview of the UAE's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the UAE 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 UAE 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 UAE population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Scope

• The UAE profit sector’s revenue increased at a CAGR of 2% during 2017–22, reaching AED40.6 billion ($11.1 billion) in 2022. The growth was primarily due to recovery in tourism after the removal of COVID-19 restrictions. Many international tourists preferred to stay in the UAE during FIFA World Cup, as the hosting country Qatar didn’t have enough accommodation options. The FSR channel topped the profit sector in terms of number of outlets in 2022, with an outlet count of 5,130. It was followed by the coffee & tea shop and workplace channels. The QSR channel led the profit sector in terms of the number of transactions in 2022. During 2022–27, all channels will register growth. The retail channel will increase at CAGR of 15.2%. It will be followed by ice cream parlor and pub, club & bar, which will record CAGRs of 11.8% each.

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.