KSA's Import-Driven Toy Industry: Exploring Tremendous Growth Potential: Ken Research

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$2.1Bn Import-Driven Market with Huge Potential. Dominated by China at 72.2%, driven by growing e-commerce, retail, and 9 Mn young population. Major players like Lego enter despite regulations, unveiling untapped opportunities. In this article, we uncover the market space as a whole. Read below to know more.

Storyline

1. KSA's toy market experiences demand surge from online shopping and global players.
2. Regulations post-2007 don't deter major brands' entry or expansion.
3. Distributors play a vital role in industry growth.
4. As per Ken Research, collaborative ecosystem drives innovation and reach in KSA toy market.

KSA Toy Market Dynamics:  Click Here

1. Unleashing Imagination: The Evolution of KSA Toy Market - A Timeline of Distributor & Player Entry

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KSA’s Toy Market which was characterized by the presence of a few players uptil early 2000, but witnessed a demand surge in the aftermath majorly because of the growing popularity of online shopping & entry of global players in the market. Major regulations which started taking place after 2007 including the ‘G-mark conformity certificate’ surprisingly did not have a much effect on major brands eyeing the market for expansion or entry. Distributors have played a big role in the growth of toy industry with 9 of them supporting industry growth over the years (their role can be ascertained by the fact that distributor margin stood at 50-60% on FOB as of 2022).

2. GCC Regulations and Collaborative Distribution: Driving Innovation and Reach in KSA Toy Market

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The market ecosystem of KSA's toy industry is composed of four key player segments: manufacturers, distributors, regulatory authorities, and retailers. With over 1,000 manufacturers, the industry offers a diverse range of toy production capabilities. Distributors, numbering more than 10, play a crucial role in efficiently distributing toys from manufacturers to retailers. Regulatory authorities enforce standards and regulations to ensure toy safety and compliance. Retailers, with over 2,000 establishments, serve as the primary point of sale, offering a wide variety of toys to consumers. The regulatory mechanism implemented by authorities directly impacts the operations of all segments, ensuring the availability of safe and high-quality toys. This collaborative ecosystem shapes the dynamics of the KSA toy market, meeting the evolving demands of consumers while upholding safety standards. As per Ken Research estimates, the KSA toy market is expected to grow at a robust rate in the upcoming years.

Rapid Investment Growth with 400+ banks and Government Digitalization Initiatives Fuel Philippines Retail Deposit Market's Expansion: Ken Research

 A booming banking sector alongside government aid to be the backbone of Philippines Retail Deposits Market, says a report by ken Research

The India Construction Chemicals market is moderately fragmented in nature, with the presence of many international players as well as local players. Some of the major players in the industry, are Citi Bank, Union bank, Metro Bank & Sterling Bank of Asia.

Business Bank Philippines Market Revenue

1. Government Initiatives to Increase Financial Inclusion, promote digital Payments and Enhance Consumer Security are giving confidence to customers to make more deposits.

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Government initiatives in the Philippines are playing a crucial role in shaping the retail deposit market. With a focus on increasing financial inclusion, promoting digital payments, and enhancing consumer security, these initiatives have instilled confidence among customers to make more deposits. The inclusion of digital wallets and e-payments has provided consumers with convenient and easy-to-use options, enabling them to make better choices. Furthermore, the implementation of enhanced consumer protection measures, such as Circular No. 1048 or the BSP Regulations on Financial Consumer Protection, has strengthened the existing infrastructure and executed processes more effectively. Overall, government policies are driving positive transformations in the Philippines retail deposit market, fostering innovation and improving the banking experience for customers.

2. Investment Scenario Bolsters Growth of Philippines Retail Deposit Market

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The retail deposit market in the Philippines is experiencing a significant boost due to a favorable investment scenario. The country's growing economy and increasing investor confidence have led to a surge in investments, thereby contributing to the expansion of the retail deposit market. Investors are actively seeking secure and reliable avenues to park their funds, and retail deposits have emerged as a popular choice. The stability of the banking system, coupled with attractive interest rates and various investment options, has attracted individuals and businesses to deposit their savings in banks. This influx of investments has not only fueled the growth of the retail deposit market but also provided banks with a stable source of funding to support lending activities.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:

• Investors
• Risk-Averse Individuals
• Fixed Income Seekers
• Small Business Owners
• Non-Profit Organizations
• Fixed-Time Investors

Time Period Captured in the Report:

• Historical Period: 2016-2022
• Base Year: 2022
• Forecast Period: 2022-2027

For More Insights On Market Intelligence, Refer To The Link Below: –

Philippines Retail Deposit Market Outlook to 2027

Related Reports By Ken Research:-

KSA Lending Market Outlook to 2027

India ATM Managed Services Market Outlook to FY’2027

South Africa Buy Now Pay Later Market Outlook to 2027F

From Setbacks to Breakthroughs: Will Stem Cell Banking Market Beat the Odds and Reach Double-Digit CAGR? – Ken Research

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The Global Stem Cell Banking market has experienced a consistent upward trajectory in its market size from 2017 to 2022. However, the onset of the COVID-19 pandemic brought forth unprecedented challenges, disrupting the steady growth. The stringent restrictions, both domestic and international, along with the implementation of necessary guidelines, necessitated additional measures to ensure the secure collection of stem cells from both patients and donors. Consequently, the overall stem cell banking market witnessed a decline during this period. The question that arises now is how the table will turn for the market and whether it can sustain its growth in the future. To uncover the potential solutions and strategies that will enable the market to bounce back and thrive, delve into the complete story.

1. COVID-19 had a negative impact on the market of stem cell banking owing to worldwide lockdown and restrictions on logistics and transportation facilities

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1.1. Additionally, the Presence of unapproved stem cells, maintaining high quality, socio-ethical concerns, and dearth of skilled professionals are some other Key challenges of the market

2. However, the Application of AI, modernization in stem cell storage, increasing approvals, and rising number of start-ups have helped the sector sail through the hard times

3. Presently, increase in research and development, advancement in regenerative medicines, and rising investment are key growth drivers of the Global Stem Cell Banking market

4. Also, an increasing number of clinical trials coupled with approval of stem cell-based therapies from regulatory bodies will further help the Global Stem Cell Banking market to touch double-digit in the future

Some of the Intelligence Curated by Ken Research in Stem Cell Banking Market Space:

• Middle East Post-Acute Rehabilitation Market Outlook to 2027 segmented by Services (Skilled Nursing Facilities, Home Health, Long Term Acute Care, and Inpatient Rehabilitation), By Condition (Neurological Disorders, Brain Injury, Amputations, Spinal Cord Injury, Wound Management) and Others
• KSA Health Tech Market Outlook to 2027 Driven by Strong Government Initiatives, Technological Advancements and Entry of New Market Players
• France Fitness Services Market Outlook to 2027F driven by increase in health & fitness consciousness & the rise of boutique fitness
• Germany Fitness Services Market Outlook to 2027F driven by increase in health & fitness consciousness & innovation in fitness industry

To Know more about this Whitepaper, Visit this link:-

Stem Cell Banking Market

Phoenix Market City vs. Chennai's Retail Challengers: Who Holds the Crown?: Ken Research

 Phoenix Market City is prominent shopping destinations in Chennai, India. Each offers unique experiences and features that cater to diverse customer preferences. Phoenix Market City is a popular chain of shopping malls in India owned by the K Raheja Corp Group.

STORY OUTLINE

Size Matters: Phoenix Market City, Express Avenue, and VR Chennai are significant players in the mall industry, each offering a vast retail and entertainment space to cater to shoppers' diverse needs.

Retail Showdown: These malls compete for consumer attention with a diverse product mix, housing flagship stores of prestigious national and international brands, making them preferred shopping destinations.

Events and Promotions Galore: Phoenix Market City, Express Avenue, and VR Chennai go head-to-head in organizing frequent events and promotions, creating vibrant and engaging atmospheres to draw in more footfall.

Customer Engagement: Each mall strives to enhance the shopping experience by engaging visitors through entertainment offerings, community collaborations, and brand partnerships.

Dynamic Industry: Chennai's mall industry remains vibrant and competitive, continuously evolving to cater to the growing needs of its diverse consumer base.

Phoenix Market City is one of the largest malls in Chennai, covering a vast area of around 1,500,000 square feet. Express Avenue Mall and VR Chennai are also sizeable malls, offering a significant retail and entertainment space. The shopping mall industry in Chennai presents a dynamic and highly competitive landscape, with numerous players vying for consumer attention. With each player striving to be the preferred shopping destination, Chennai's mall industry remains vibrant and ever-evolving, catering to the diverse needs of its growing consumer base.

1. Size Does Matter: Chennai's Biggest Malls - Phoenix Market City, Express Avenue, and VR Chennai!

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Phoenix Market City: It stands as one of the largest malls in Chennai, covering a vast area of around 1,500,000 square feet. Its expansive space allows for a wide range of retail stores, dining options, and entertainment facilities.

Express Avenue Mall: Express Avenue is also a sizable mall, offering a significant retail and entertainment space. While not as large as Phoenix Market City, it still provides an extensive selection of shops and amenities.

VR Chennai: VR Chennai is another substantial shopping destination in the city. Though not as massive as Phoenix Market City, it provides ample room for various retail stores and entertainment offerings.

2. Phoenix Market City vs. Express Avenue Mall vs. VR Chennai - A Retail Showdown

Phoenix Market City: Known for its flagship stores of prestigious national and international brands, the mall offers a diverse product mix. Shoppers can find a comprehensive selection of fashion, electronics, home decor, beauty, and other items from renowned brands.

Express Avenue Mall: Express Avenue also houses well-known brands across various categories, making it a popular choice for shoppers seeking a wide range of products.

VR Chennai: Similar to the other malls, VR Chennai provides a diverse retail mix, catering to various preferences and shopping needs.

3. Clash of Events and Promotions - Phoenix Market City vs. Express Avenue vs. VR Chennai

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Phoenix Market City: The mall is known for organizing frequent events, concerts, and cultural festivals, creating a vibrant and engaging atmosphere. These events add to the overall shopping experience and draw in more footfall.

Events and promotions aim to entertain and engage visitors, enhancing their overall shopping experience and encouraging repeat visits.

Express Avenue Mall: Express Avenue also hosts events and promotions to entertain and engage visitors, making their shopping experience more enjoyable.

The mall often collaborates with brands and local businesses to create unique and exciting promotions.

VR Chennai: Similarly, VR Chennai organizes events and promotions to keep customers entertained and attract more shoppers to the mall.

VR Chennai focuses on fostering community engagement through events and promotions, creating a sense of belonging among its customers.

In Conclusion, Chennai's mall industry boasts significant players like Phoenix Market City, Express Avenue, and VR Chennai, each offering vast retail and entertainment spaces. With diverse product mixes, flagship stores, and frequent events, these malls fiercely compete for consumer attention. As the industry evolves, Chennai's mall scene continues to captivate shoppers with engaging experiences, catering to the city's dynamic and growing consumer base.

KSA's Lending Market Expected to Reach PHP 67 Bn by 2027, Driven by 4 Key Catalysts: Ken Research

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Storyline

1. KSA's private consumption expenditure has risen, indicating improved living standards and reduced poverty.
2. Demographic factors influence lending preferences, with under-24 individuals seeking credit for education and ventures, while 25-54 age group seeks loans for homes and cars.
3. Islamic finance has gained popularity, catering to KSA's predominantly Muslim population.
4. Digital banking has reshaped the lending landscape, reducing the need for physical bank branches.

The KSA lending market has shown outstanding growth potential, driven by various catalysts that have fueled the financial landscape in the country.  From consumption expenditure trends to the preferences of different age groups, along with the increasing popularity of Islamic finance and the transformative impact of digital banking, these factors have propelled the lending market forward.

1. KSA Consumption Expenditure Trends

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• KSA’s private consumption expenditure has been following an increasing trend and rose by 26.7% from Oct 2020 to Oct 2022.
• An increase in private final consumption is usually indicative of a rise in standard of living of people in the society, and a decrease in levels of poverty.
• Consumption expenditure growth has been rising through the last decade.

As KSA’s personal expenditure is on rise, a need for short term and long term loans by individuals also increases. Therefore leading to growth in overall KSA Lending market.

2. Youth: Credit for knowledge and ventures. Adults: Loans for homes and wheels.

People under the age of 24 taking credit for education and starting businesses while those between 25-54 seeking loans to buy homes and cars

• KSA has 4% of its citizens under the age of 24 leading to increased demand for credit for education and starting businesses.
• The population within the age range of 25-54 covers more than half of the population and seeks loans to finance the purchase homes and cars.

These needs of starting a business or buying a new car/house, all of which requires loans to integrate it. Thereby fueling the lending market in KSA.

3. Islamic finance has gained popularity

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• Islamic finance has become increasingly popular in KSA, among the country's large Muslim population (2% of the total population).
• Islamic finances: Sharia-compliant mortgages, etc. have seen increased demand.
• To get a Sharia-compliant mortgages one needs -

To qualify for a Sharia mortgage, you'll typically need a deposit of between 10% and 35% of the property's value. That said, it might be possible to find home purchase plans that need as little as a 5% deposit.

5. Banking in KSA: More Credit, Fewer Branches - Digital Surge Rewrites the Rules

The increase use of digital banking and online services has diminished the need for physical bank branches.

Customers are increasingly using online and mobile banking services for day-to-day transactions like - transferring money to vendors, shopping, checking bank balance etc.

This trend has accelerated during the COVID-19 pandemic, with many customers avoiding in-person banking to reduce the risk of infection

According to Ken Research, the KSA Lending market continues to expand, four key catalysts have contributed to its rise.

Individual consumption trends, the borrowing trends in different age groups, the increasing popularity of Islamic finance, and the adoption of digital banking are all the major catalyst to the expanding in market.

Customers are increasingly turning away from traditional bank branches in favour of the ease and accessibility provided by digital platforms.

These forces are altering the lending market, opening up new opportunities and posing new problems for Saudi financial institutions.

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

KSA lending market

Pet care industry grows after pandemic; attracts FMCG companies: Ken Research

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Story Outline

Increased pet adoption after the pandemic is driving the Indian pet care industry to touch Rs 10,000 crore by 2025. There is a growing trend towards premium dog food products in the global market. Pet owners are increasingly willing to invest in higher-priced dog food options that offer specific health benefits, natural ingredients, and tailored formulations to meet the unique dietary needs of their dogs.

1. Purina, as a global pet food company, has achieved significant accomplishments in the pet category.

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Furthermore, Purina's focus on customer satisfaction and engagement plays a crucial role in fostering loyalty. The brand actively interacts with pet owners through various channels, providing educational resources, offering personalized advice, and engaging in community initiatives. These efforts help build lasting relationships with customers and reinforce their loyalty to the brand.

Purina boasts an impressive customer base, with 56 million households purchasing their products. This signifies the brand's widespread popularity and trust among pet owners. Purina has also emerged as the top player in the e-commerce sector within the pet category. This accomplishment demonstrates their ability to adapt to changing consumer preferences and effectively tap into the online marketplace, catering to the needs of pet owners who prefer to shop online.

Purina has experienced remarkable growth, achieving a 15% growth rate in the previous year. This growth can be attributed to various factors, including successful pricing strategies as well as increased sales volume. Purina's ability to drive growth highlights their strong brand portfolio and their ability to capture a larger market share. Purina's success in accelerating growth can be attributed to its robust brand portfolio. The company offers a diverse range of pet food products tailored to different pet species, life stages, and specific dietary requirements. These strong brands have resonated with pet owners, driving both sales and customer loyalty.

2. Mars Petcare bullish on India; focusing on expanding portfolio across price points

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Mars Petcare, a global pet nutrition company, is highly optimistic about the Indian market and aims to accelerate its growth in the country through resourcing, building capabilities, and expanding operations. India is considered one of the fastest-growing pet food markets worldwide, driven by factors such as increased pet adoption, rising awareness of proper pet nutrition, and favorable market conditions.

Mars Inc's global CEO, Poul Weihrauch, expressed a strong belief in India's potential for petcare and emphasized the company's focus on further boosting growth in the Indian market. Mars Petcare aims to cater to different consumer segments in the dog and cat food categories and has experienced higher growth in the cat food business over the past few years, despite starting from a smaller base.

The company has a diverse portfolio of pet food products, ranging from economical, entry-level options to premium, luxury products. Ensuring the right price pack architecture is a key focus for Mars Petcare to provide consumers with suitable choices. Bonus: Mars Petcare has invested INR 500 crore in expanding its pet food factory in Telangana, which will support increased manufacturing capacity and allow the company to offer products across various price points, thus expanding its distribution footprint in the country.

The future of the global dog food market appears promising. With a growing emphasis on pet health and wellness, the demand for high-quality, nutritious dog food is expected to increase steadily. Market players are likely to focus on innovative formulations and sustainable sourcing to meet consumer preferences. As the bond between humans and their furry companions strengthens, the dog food market is poised to witness sustained growth and evolution in the coming years.

Sip, Relax, Repeat: Starbucks Creates a Buzz in KSA's Cafe and Coffee Chain Market: Ken Research

 Starbucks has established a strong presence in the Saudi Arabian cafe and coffee chain market. Its brand recognition, consistent quality, and adaptation to local preferences have contributed to its success in the country.

STORY OUTLINE

• Starbucks Success in Saudi Arabia: Strong presence and brand recognition in the Saudi Arabian cafe and coffee chain market.
• Strategic Placement and Market Share: Starbucks strategically places outlets in high-traffic areas, holding over 50% of the chained cafe market share in Saudi Arabia alongside Dunkin' Donuts.
• Loyalty Programs Drive Engagement: The Starbucks Reward Loyalty Program boasts 16 million active members, contributing 40% to sales and resulting in a ~10% increase in same-store sales.
• Alignment with Saudi Vision 2030: Starbucks invests in employees and new store openings, including the debut of the first Starbucks Reserve store in Jeddah, reinforcing its commitment to growth and being the preferred choice for coffee lovers.
• Financial Performance and Recognition: Achieved a net revenue of approximately $25 billion in 2022 and recognized by the Saudi Ministry of Culture for contribution to the success of the 2022 Year of Saudi Coffee.

1. Strategic Placement: Starbucks Sets Up Shop in High-Traffic Areas

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Starbucks adopts a strategy of establishing outlets in larger cities, which serve as centralized facilities or hubs. These hubs provide logistical and managerial support that enables Starbucks to efficiently expand into nearby smaller cities and suburban locations. By leveraging the operational infrastructure of these hubs, Starbucks can rapidly extend its presence and reach a broader customer base.

The densest clusters in Riyadh are Al Olaya, Al Mathara, Al Sulmaniyah where 8 Starbuck Outlets are present in close proximity and most of the Starbucks locations are very well positioned near corporate hubs.

In 2022, Starbucks together with Dunkin donuts held a combined market share of over 50% in the chained café market.

2. Sip, Earn, Repeat: The Evolution of Starbucks' Game-Changing Loyalty Programs

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The Starbucks Reward Loyalty Program boasts a staggering active membership of ~16 million users as of March 2019.

Approximately 40% of Starbucks' total sales can be attributed to the Rewards Program, showcasing its significant impact on the company's financial performance.

The program has proven successful in driving a notable ~10% increase in same-store sales, indicating its effectiveness in boosting customer engagement and loyalty.

3. Coffee Kingdom: Starbucks Hits 400 Store Mark in Saudi Arabia

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Starbucks Aligns with Saudi Vision 2030, making substantial investments in its employees and new store openings, including the debut of the first Starbucks Reserve store in Jeddah on May 4th, 2023.

Starbucks underscores its dedication to becoming the preferred choice for coffee lovers in the Kingdom, as evidenced by its expansion plans and ongoing growth momentum in the region.

The Saudi Ministry of Culture acknowledged Starbucks as a significant contributor to the success of the 2022 Year of Saudi Coffee. Additionally, Starbucks achieved a net revenue of ~25 billion U.S. dollars in 2022, reflecting a notable increase compared to the previous year's total.

In conclusion, Starbucks has made a significant impact on the cafe and coffee chain market in Saudi Arabia, with a strong presence, strategic placement of outlets, and a game-changing loyalty program. By aligning with Saudi Vision 2030 and achieving remarkable financial performance, Starbucks continues to shape the coffee culture in the Kingdom and cement its position as the preferred choice for coffee lovers.

Revolutionizing Fitness: UAE Embraces Niche Programs to Transform Lives and Ignite Performance: Ken Research

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Personalized Solutions and Tailored Training Redefine Fitness Industry in the UAE

Storyline

• Veteran golfer defies age with golf-specific program.
• Niche fitness programs thrive, targeting specific groups.
• Bespoke coaching addresses unique challenges, empowering women.
• As per Ken Research estimates, demand surges for specialized workouts & companies to target niche client only.

For many individuals in the UAE, traditional fitness routines are no longer something they want to keep up with & they’d rather seek personalized approaches that cater to their unique needs and goals. This has given rise to a flourishing market of niche fitness programs designed to target specific groups and sports. Ranging from golf-specific training to bespoke coaching for conditions like polycystic ovarian syndrome (PCOS), fitness professionals are transforming lives by providing tailored services.

1.Golf-Specific Programs

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M.S., a veteran golfer, believed his golfing days had come to an end as age took a toll on his body. However, a golf-specific program led by Richard Dunsby at Optimal Fitness as confirmed by him, ‘came to rescue’. Within six weeks, M.S. experienced a pain-free body and a revitalized swing. Richard's success story showcases the power niche fitness programs are holding nowadays in Dubai.

Independent or goal-specific facilities are thus contributing to a larger market share owing to their independent outlook on activities as compared to chained outlets who share the same ideology all around their operating area.

2.Targeting Specific Groups

Fitness professionals in the UAE are increasingly recognizing the demand for tailored made workouts designed for specific groups. One such example is Georgie Ricks, founder of 'Its a PCOS Party,' a bespoke coaching program for women battling polycystic ovarian syndrome. By providing detailed and personalized regimes, Georgie addresses the unique challenges faced by these women in their day to day activities. This niche approach empowers them, fostering a sense of understanding, trust, and progress toward their fitness goals.

3.Surging Demand

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The response to niche fitness programs in the UAE fitness market has been overwhelming. Georgie Ricks, since launching her PCOS coaching program, has witnessed unprecedented interest. What initially started with a few clients rapidly escalated to a waitlist due to the immense demand. This surge in interest indicates the vast number of individuals seeking specialized fitness solutions to address their specific needs.

4.What’s next?

As per our estimates at Ken Research, as the fitness industry in the UAE continues to evolve, niche fitness programs are transforming the lives of individuals seeking personalized approaches. These programs cater to specific groups, address unique challenges, and deliver tailored solutions. The success stories and increasing demand highlight the significance of niche fitness in empowering individuals to achieve their health and wellness goals. With specialized programs and products gaining popularity, the UAE's fitness landscape is embracing a more personalized and inclusive future.

Company founders are tapping the need for personalized workouts, majorly because they have recognized the client specific problems. This has led to them catering to that particular niche only which is something that’ll go on for years to come.

A Buzzing Business: UAE's Cafe and Coffee Chain Market Creates a Stir! : Ken Research

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The cafe and coffee chains market in UAE is flourishing as coffee culture gains traction. The UAE Cafe Market is projected to grow at a CAGR of ~5.5% by 2027, showcasing the industry's promising expansion.

STORY OUTLINE

• UAE Coffee Consumption: The UAE is one of the largest coffee consumers in the Middle East, with an estimated annual per capita consumption of around 3.3 kilograms in 2019.
• Coffee Shop Density: Major cities like Dubai and Abu Dhabi have a high density of coffee shops and cafes. In 2019, Dubai alone had over 4,000 cafes and coffee shops, indicating the popularity of coffee culture in the country.
• Expatriate Influence: The significant expatriate population in the UAE, along with the GenZ segment, is driving the thriving food and beverage (F&B) industry. Their preferences and demands for diverse culinary experiences contribute to the growth of the sector.
• Tourism Impact: Tourism plays a vital role in the UAE's cafe and coffee chain market. The country attracts millions of tourists each year, creating a significant customer base for cafes and coffee shops, which contributes to market growth.
• Government Support: The UAE government has implemented various initiatives to support the F&B industry and boost consumer spending. Economic support schemes, reductions in fees, and investments in technology and infrastructure have facilitated the growth of the sector and overall consumer confidence.

The UAE is one of the largest consumers of coffee in the Middle East. In 2019, the average annual coffee consumption per capita in the UAE was estimated to be around 3.3 kilograms. The UAE has a high density of coffee shops and cafes, particularly in major cities like Dubai and Abu Dhabi. In Dubai alone, there were over 4,000 cafes and coffee shops in 2019. The UAE has experienced a surge in the establishment of both international and local cafes and restaurants in recent years. This growth can be attributed to factors such as the significant expatriate population and the influence of the GenZ segment, which are currently driving the thriving F&B industry in the UAE.

1. Expat Community and Gen-Z Energize UAE's Thriving F&B Scene!

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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 demand for healthier food options is picking up with the rising GenZ population. GenZ population who are now growing up are educated and have a better purchasing power. They are more concerned about the sustainability, environmental impact and nutritional value of their food which is shaping trend in F&B industry and restaurants are trying to adapt accordingly.

2. Tourism Boosts UAE's Cafe and Coffee Chain Market to New Heights

Tourism plays a crucial role in the UAE cafe and coffee chain market. The country attracts millions of tourists each year, and cafes and coffee shops are popular destinations for visitors, contributing to the market's growth.

Every year, the UAE attracts a massive influx of tourists, making a substantial contribution to its GDP through tourist spending. In the first quarter of 2023, Dubai alone welcomed over 4 Mn visitors, highlighting the region's popularity as a tourist destination.

The travel and tourism sector made a significant contribution to the UAE's GDP, amounting to approximately AED 180 Bn, equivalent to around 12% of the country's total GDP.

3. Government Initiatives Ignite Consumer Spending Surge in UAE

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The UAE Central Bank announced an AED 100 Bn Economic Support Scheme, 2021 for retail and corporate customers during the Pandemic to act as a Stimulus.

The Dubai & Abu Dhabi governments announced a range of measures such as reductions in tourism and municipality fees, and water and electricity charges.

UAE govt. has launched a partnership with FOODICS, a fintech platform to boost the growth of SMEs in F&B sector by providing them the advanced technologies and systems. The government is also focusing on heavy investments in F&B sector to achieve food security and reduce import dependence which will support this sector going further by reducing input prices.

In Conclusion, The UAE's coffee consumption, high coffee shop density, expatriate influence, tourism impact, and government support have all contributed to the thriving cafe and coffee chain market. With a strong demand for coffee, diverse culinary experiences, and initiatives to boost consumer spending, the UAE's F&B industry continues to flourish and cater to the preferences of locals, expatriates, and tourists alike.

According to Ken Research, UAE Cafe Market is projected to grow at a CAGR of approximately 5.5%. The future growth prospects for the UAE's cafe and coffee chain market are promising. Factors such as economic recovery, an expanding expat population, the influence of GenZ preferences, tourism recovery, and government support contribute to this positive outlook. However, adaptability, innovation, and differentiation will be key to thriving in a competitive landscape.

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

UAE Cafe And Coffee Chain Market

UAE Debt Collection Market is Expected to Reach More Than AED 5Bn by 2027 Owing to Rise in digital collection techniques and Improvement in UAE legal system related to debt collection, bankruptcy and insolvency: Ken Research

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UAE Debt Collection Market Ecosystem

Tahseel, First Solution Management Service are the market leaders in UAE Debt Collection Market; the market is highly fragmented consisting of many players. The UAE Debt Collection Market is composed of many players which are operating across the borders and not just within the UAE.

 Key Market Findings:

• Digital collections are being extensively used which leverages analytics to make the process more
• Collection agents are being trained to equip them with latest technology and to adept them to various consumer situations for providing more feasible solutions.
• The industry is slowly becoming more customer-centric in its approach.

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IT Policies and Proper Documentation: Companies are maintaining proper documentation and proof for all debt provided by them to corporates and individuals. This makes it much easier for debt collection agencies to recover the debt in case of a default both amicably and legally as well through payment order method. Collection companies which provide settlement plans to debtors have start taking post-dated cheques as a proof for future payment. Changing IT policies require companies to maintain complete confidentiality of client information due to threat of data breach. All this factors will provide more growth to collection industry.

Emphasis on NLP Techniques: Collection agencies are extensively using various speech analytics tools to record and analyse customer conversations. This enables to maintain security and gain insights into client expectations. In addition, the information gathered can further be used for training of employees adapting them to different situations while negotiating and hence, improving their performance which would act as a key growth driver for debt collection companies.

Favorable Changes in UAE Legal System: The new legal system at UAE makes it possible to recover debts via court in merely within 7 days if all the documents are readily available. The new Bankruptcy law also provides safety for debtors and changes the shape of debt collection industry. Ultimately, act as catalysts for the industry.

Analysts at Ken Research in their latest publication- “UAE Debt Collection Market Outlook to 2027- Characterized by fierce competition and high growth prospects” by Ken Research provides a comprehensive analysis of the potential of the debt collection market in UAE. Rise in digital collection techniques and increasing use of AI and ML for recovery predictions are expected to contribute to the market growth over the forecast period.

UAE debt collection market is expected to grow at a robust CAGR over the forecasted period 2022-2027.

Key Segments Covered

Segmentation by Segment

• Non-Finance
• Finance
• Insurance

Segmentation by Type of Firm

• Debt Collection Agency
• Law Firm

Segmentation by Age of Firm:

• 0 to 10 yrs
• 10 to 20 yrs
• 20 to 30 yrs

Segmentation by Geographical Presence

• Abu Dhabi
• Dubai
• Fujairah
• Sharjah
• Ajman
• Umm Al-Quwain
• Ras Al-Khaimah

Sub-segmentation of insurance segment & financing segment

Sub-segmentation of insurance segment:

• Motor & Transportation
• Property/Fire
• Liability & Others

Sub-segmentation of financing segment:

• Real State
• Personal
• Financial institution
• Services
• Manufacturing
• Trade
• Others

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Key Target Audience

• Existing Debt Collection Companies
• Law Firms
• Financing Companies
• Non-Financing Companies
• Insurance Companies
• Debt Collection & Management software providers
• Government Agencies
• Finance Consultants
• Others

Time Period Captured in the Report:

• Historical Period: 2017-2022
• Base Year: 2022
• Forecast Period: 2022–2027

Companies Covered:

SUPPLY SIDE:

Debt Collection Companies

• Tahseel
• CMS
• Aman Debt Collection
• First Solution
• Credit Recovery
• AW Holding
• Bilkish
• Derby Group of Companies
• Alpha Debt Collection
• Fort Equity
• Quick Action
• ATDC
• com
• ALQADA

Law firms/Debt Collection

• Taswiyeh
• ASKTHELAW
• HHS LAWYERS
• DUBAI DEBT RECOVERY
• STA
• AE
• AL ROWAAD
• AL SAFAR
• BIN EID

Regulatory Bodies and Judiciary

• Central Bank of the UAE
• Judicial Department

DEMAND SIDE:

Insurance companies

• Etihad Credit Insuranc
• Atradiuse
• CIGNA
• COFACE
• PACIFIC PRIME
• MetLIFE
• ACE
• Emirates RE

Financing companies

• Emirates NBD
• ADCB
• DUBAI FIRST
• Mashreq
• Commercial Bank of Dubai
• Dubai Islamic Bank
• HSBC
• RAKBANK
• ADIB
• FAB
• CITYBANK

Non-Finance companies

• Etisalat
• Emircom
• Etihad Water and Electricity
• Abu Dhabi Distribution Companies
• Emaar
• Nakheel
• Lufthansa
• Choithrams
• Asian Paints
• Majid UL Futaim
• Naseej

Key Topics Covered in the Report                            

• Global Debt Collection Market Overview
• Ecosystem of UAE Debt Collection Market – Demand and Supply Side
• Value Chain Analysis – Amicable Settlement and Litigation Settlement
• Market Size and Segmentation of Debt Collection Industry in UAE, 2017-2022
• UAE Debt Collection Market Industry Analysis
• Software used in UAE Debt Collection Market
• Market Shares of Major Debt Collection Companies in UAE on the basis of Debt Collected, 2022
• Competitive Analysis
• Future Outlook and Projections, 2022-2027 

For More Insights On Market Intelligence, Refer to the Link Below: –

UAE Debt Collection Market Outlook to 2027

Related Reports by Ken Research: –

KSA Debt Collection Market Outlook to FY’2026