Showing posts with label Acai Bowl market potential UAE. Show all posts
Showing posts with label Acai Bowl market potential UAE. Show all posts

Monday, August 7, 2023

The UAE Café and Coffee Chain Market Gets a Jolt: Players Reshape the Game? : Ken Research

 The UAE Café and Coffee Chain Market boasts a diverse landscape, encompassing both renowned chain outlets and standalone specialty cafes. UAE has witnessed rise of multiple global and domestic cafés and restaurants over the years.

STORY OUTLINE

  • UAE Cafe Industry Leadership: Starbucks continues to lead the UAE cafe market with the highest market share and an extensive network of 285 outlets, closely followed by Costa Coffee with 144 outlets.
  • Acai Bowl Industry Success: Acai bowl vendors are employing clever promotional tactics, offering reward points, loyalty programs, and enticing discounts to maintain their stronghold in the market. Acai bowl orders account for an impressive 70% of all orders in an average acai chain.
  • Food Delivery Platforms Impact: Major food delivery platforms like Talabat, Deliveroo, Careem Now, Noon Food, and East Easy have transformed the UAE cafe and coffee chain market, offering diverse restaurant choices and cuisines with convenient doorstep delivery options.
  • Talabat's Dominance: Talabat emerges as a dominant player in the food delivery landscape with over 10+ million downloads, catering to customers across major cities and regions in the UAE.
  • Careem Now's User Base: Careem Now has established a strong user base with more than 12+ million downloads, with 22% of its users also utilizing Deliveroo and 33% opting for Talabat, showcasing varied preferences among its customer base.

The UAE Café and Coffee Chain Market present a diverse landscape, comprising renowned chain outlets like Starbucks, Costa Coffee, Saddle, and Nova. Alongside these, standalone specialty cafes such as Just Fresh, The Juicery, and Common Ground offer health-based smoothies and beverages. Additionally, acai bowls and frozen yogurt lovers can savor delicious treats at Oak berry, Acai Spot, and Pinkberry, catering to diverse tastes in this thriving industry. The UAE Cafe and coffee chain market is spearheaded by over 700+ outlets.

1. Starbucks Takes the Throne in UAE Cafe Industry

UAE cafe industry

Starbucks stands tall as the UAE cafe industry leader, boasting the highest market share among all cafes. With an impressive network of 285 outlets across the country, Starbucks has solidified its dominance. Following closely is Costa Coffee, with 144 outlets. The evident preference for coffee chains in the UAE creates a promising window of opportunity for aspiring players to enter the market and capitalize on this thriving industry. In 2022, The Alshaya Group, headquartered in Kuwait, celebrates a significant milestone as it inaugurates its 1000th Starbucks store in the MENA region, located in Dubai, UAE.

2. Acai Bowl Vendors Score Big with Clever Promotional Tactics!

UAE cafe industry

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Forging partnerships with corporates in the UAE through Rewards and Recognition (R&R) programs, featuring discounts, digital gift cards, and loyalty memberships, proves as an effective strategy to reach a vast audience in one go. Acai Bowl orders constitute an impressive 70% of the total orders in an average acai chain.

Players like Project Acai, Vitality Bowls etc. all have their loyalty programs where they offer reward points to customers, Starbucks has also launched its card on which money can be loaded to make purchases.

Oak berry offers 20% off on purchase of 2 buckets or a free complimentary bucket. Pinkberry provides bundle offers of 4 small cups or mini cups of frozen yoghurt along with buy 1 get 1 offer.

3. How Food Delivery Platforms Impact UAE Café and Coffee Chains!

UAE cafe industry

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In the UAE, the major food delivery landscape is dominated by prominent platforms like Talabat, Deliveroo, Careem Now, Noon Food, and East Easy. These industry giants have revolutionized the way people experience dining, offering a wide range of restaurant choices and cuisines delivered right to their doorstep.

Talabat is one of the leading food delivery platforms in the UAE, offering a vast selection of restaurants and cuisines for customers to choose from. It has a strong presence in major cities and regions, making it a go-to option for food delivery services. In case of Talabat, only 18% of the users use some other brand. Talabat has huge downloads over 10+ million.

Careem Now, part of the Careem ride-hailing app, has also ventured into the food delivery space in the UAE. It offers a seamless integration with its existing app, making it a convenient choice for users.

Careem Now, which was established in 2012, has garnered a robust user base with over 12+ million downloads. Among its users, 22% also utilize Deliveroo for their food delivery needs, while 33% opt for Talabat, showcasing a diverse range of preferences among its customer base.

In conclusion, the UAE Cafe and Coffee Chain Market showcase a dynamic and diverse landscape, driven by renowned chain outlets like Starbucks and Costa Coffee, as well as standalone specialty cafes catering to health-based and indulgent preferences. The market's growth is further bolstered by the strategic adoption of offline promotions, partnerships with corporates, and the influence of food delivery platforms, providing a thriving culinary experience for customers across the region.

According to Ken Research, the market's steady growth, with an average CAGR of 7% over the past three years, attracts investors and new players. Players that adapt to changing trends, innovate their offerings, and leverage technology will likely secure a competitive edge and capitalize on the opportunities presented in this dynamic market. Careem Now's extensive user base of 12 million users indicates its potential for further expansion.

For more insights on market intelligence, refer to the link below: –

UAE Cafe And Coffee Chain Market

Monday, July 31, 2023

Acai Fever Sweeps UAE: Projected to Expand by ~18% CAGR by 2027 – Ken Research

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The UAE Acai Bowl market has experienced remarkable growth in recent years, driven by the rising demand for healthy and nutritious food options. The major players dealing in Acai Bowls entered in UAE during the last 10 years.

STORY OUTLINE

  • Rising health awareness: The UAE Acai Bowl market is driven by the increasing health-consciousness among consumers who actively seek nutritious food options.
  • Tourism and expat influence: The market's growth is fueled by the booming tourism industry and the large expatriate population in the UAE, attracting a diverse customer base.
  • Dubai as the leading hub: Dubai serves as the primary cluster for Acai Bowl chain outlets, hosting major players such as Oakberry, Projeto, and the Acai Spot.
  • Strategic location selection: Acai Bowl outlets strategically position themselves near gyms, restaurants, and office spaces to maximize convenience and attract a wide range of customers.
  • Significant market potential: With over 170 outlets across the country, the UAE's Acai Bowl market presents a promising opportunity for entrepreneurs and small businesses to cater to the growing demand for healthy and innovative food options.

For more information, request a free sample Report

The flourishing Acai Bowl market in the UAE presents a promising opportunity for local entrepreneurs and small businesses. By tapping into this trend and offering innovative Acai bowl concepts, entrepreneurs can carve a niche in the health food industry and cater to the ever-growing demand. The UAE's Acai Bowl market takes the lead with 170+ outlets spread across the country, solidifying its position as a prominent player in the UAE Café and Coffee Chain industry.

1. Health Awareness Sparks Acai Bowl Craze

Coffee Chain Provider UAE

As individuals in the UAE become more health-conscious, the demand for nutritious food options has surged. Acai bowls, known for their abundant health benefits, have gained popularity as a guilt-free treat.

More than 70% of UAE consumers actively seek healthy food choices, highlighting the strong health awareness among the population. the Acai Bowls market in UAE consisting of all standalone and chain outlets. The market is still in a growing phase and competing with other products.

1.5+ Mn bowls sold yearly. Tourism, high income, socialization, and evolving consumer preferences contribute to its vast potential for expansion.

2 Thriving Acai Bowl Market in UAE Fueled by Tourism and Expats

Coffee Chain Provider UAE

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The UAE's booming tourism industry, coupled with a large expatriate population, has significantly influenced the growth of the Acai Bowl market.

The demographic composition of the UAE primarily consists of a significant expatriate population, with a predominant male presence within the age group of 25-54 years. Around 80% of the population is employed, and among the emirates, Dubai holds the highest population density.

The market has benefited from the diverse customer base. In 2019, the UAE welcomed around 16.73 Mn international visitors, according to the Department of Culture and Tourism - Abu Dhabi.

3. Acai Bowl Market in UAE: Power Players Shaping the Market's Future

Coffee Chain Provider UAE

Dubai and Abu Dhabi are the primary hubs for Acai Bowl chain outlets in the UAE, with Dubai being the largest cluster, hosting renowned chains like Oakberry, Projeto, and the Acai Spot.

These Acai Bowl outlets strategically position themselves near gyms, other restaurants, and office spaces to attract a diverse customer base, taking advantage of high foot traffic and convenience.

Chained cafes specializing in Acai Bowls hold a significant market share, ranging from 0-2%. The Acai Bowl market in the UAE recorded a substantial revenue of approximately AED 170 Mn in 2022.

In Conclusion, the flourishing Acai Bowl market in the UAE holds immense promise for local entrepreneurs and small businesses seeking opportunities in the health food industry. With over 170 outlets spread across the country, the market has solidified its position as a prominent player in the UAE's Café and Coffee Chain industry. Fueled by health awareness, tourism, and a diverse customer base, the market offers fertile ground for innovation and growth, presenting a bright future for the Acai Bowl industry in the UAE.

For more insights on market intelligence, refer to the link below: –

UAE Cafe And Coffee Chain Market