Ken
Research in its latest study, Qatar Catering
Services Market Outlook for 2022 suggests
that Shaqab, Tamini Services, Qatar Star Services, Qatar Aircraft Catering and
IFS Qatar will continue to be the main providers of catering services in this
space. However, these top players will witness an increasing competition from
small regional players due to low barriers to entry.
It is
expected that the Qatar Catering Services Market will register a positive CAGR
during the 2017-2022 period. It is expected that the geographical expansion,
the increase in the demand for fusion cooking and the increase of Public and
Private Investment in infrastructure will drive the Market of Catering Services
of Qatar in the future.
The
report provides information on the size of the Qatar Catering Services Market,
the market segmentation according to the type of contract and the main end
users.
Use of
digital platform in the Qatar Catering Services Market has helped in making the
whole process simpler, transparent and more effective. Major companies are
using technology to monitor the procurement process to control the quality
standards, manage inventory and storage facilities and reduce wastage by using
appropriate equipments and proper estimation of food to be produced for a
certain event.
All
Qatari standards are based on standards developed by the Gulf Standardization
and Metrology Organization of the GCC (GSMO). These include guidelines and regulations to monitor the quality of
catering services provided in schools, hospitals and labour camps in order to
avoid food poisoning and inculcate healthy eating habits. Industrial and event
sector has accounted for the largest share in the Qatar Catering Services
market in 2017. Construction activities have majorly been driven with the
implementation of government programs such as National Vision (QNV) 2030 and
Qatar Rail Development Program (QRDP). The industry’s output value in real
terms increased at a CAGR of 17.81% during 2012 to 2017.
It is
anticipated that Qatar's catering services industry will be driven mainly by
the increase in construction activities as major infrastructure projects are
implemented under Qatar Vision 2030. The country has begun renovation and new
projects for the World Cup 2022. The country has designed plans to obtain USD
222 billion in amount for 2022 for infrastructure projects, including stadiums,
hotels and other facilities related to transportation. Offers for such projects
have been floated. The construction of these new projects will create a demand
for catering services in the workplace. The tourism sector is expected to reach
USD 7.2 billion by the year 2025 with the goal of receiving 4 million visitors
by 2020. This will be supported by investment under the 2030 Strategy of the
National Tourism Sector. This will create more opportunities for catering
services in hotels and hotels. In addition, experiential food is a concept that
is gaining prominence. Hotels and premium segment catering customers expect
good customer service. Catering services can use the experiential dining
concept to gain a competitive advantage by offering services such as themed
food and extreme forms of design and decoration. The burgeoning economy of
Qatar is expected to attract more expatriates who prefer a high standard of
living. It is expected that this segment will demand superior food services in
the corporate sector. These people with an average age of 31 are well exposed
to other cultures and, therefore, demand fusion stoves.
For more information about the report,
refer to below link:
Related
Reports:
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
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