United Arab Emirates (UAE) Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

United Arab Emirates (UAE) Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

Summary

“United Arab Emirates (UAE) Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026” published by GlobalData provides extensive insight and analysis of the UAE Foodservice market over the next five years (2021-2026) and acts as a vital point of reference for operators or suppliers.

The total value of the UAE’s foodservice profit sector declined at a CAGR of 1.2% during 2016-21, reaching AED32.8 billion ($8.9 billion) in 2021. This decline was due to a decrease in the number of transactions during the period. Take-aways and deliveries played a crucial role in the foodservice sector due to convenience and digital and technological advancements. Chain operators dominate the profit sector in comparison to independent operators. The UAE’s profit sector is forecast to record growth at a CAGR of 9.8% during 2021-26.

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.

• QSR was the largest channel in the UAE foodservice profit sector in 2021 accounting for a share of 42.1% of the sector’s value. The channel generated value sales of AED13.8 billion ($3.8 billion) in 2021, increasing from AED11.9 billion ($3.2 billion) in 2016, registering a CAGR of 3.1%.
• FSR was the third-largest channel in the UAE’s foodservice profit sector in 2021, generating sales of AED5.5 billion ($1.5 billion). FSR recorded a significant decline at a CAGR of 3.0% during 2016-21. In 2021, the channel’s sales were hindered by the enforcement of COVID-19-related restrictions in public spaces and tourism. As a result, take-away value sales increased at a CAGR of 16.8% while dine-in services value sales declined at a CAGR of 10.6% during 2016-21.
• The coffee & tea shop channel accounted for 5% of the profit sector’s sales in 2021. The channel was valued at AED1.6 billion ($445.5 million) in 2021 and registered a decline in value sales at a CAGR of 3.1% during 2016-21. The channel is projected to grow at a CAGR of 12.1% during 2021-26, primarily led by the rising transaction number and the average transaction value.
• Pub, club & bar was the fourth-largest channel in the UAE foodservice profit sector in 2021, accounting for 6% of the profit sector’s sales in 2021. The channel’s value reached AED2 billion ($532 million) in 2021, declining at a CAGR of 8.7% during 2016-21.

• Specific forecasts of the foodservice market over the next five years (2021-2026) 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.