Description
UAE Food Service Market: Opportunity Analysis & Industry by 2034
UAE Food Service Market Overview:
The United Arab Emirates Foodservice Market is expected to reach USD 9.62 billion in 2024 and grow at a CAGR of 18% to reach USD 50.35 billion by 2034.
The UAE food service market has experienced substantial growth, fueled not only by a booming economy but also by increasing urbanization and a diverse population with a penchant for diverse culinary experiences. Moreover, the market is characterized by a vibrant and competitive landscape, comprising a mix of local and international food establishments. Dubai and Abu Dhabi, in particular, stand out as key hubs for culinary innovation and gastronomic trends.
Furthermore, the sector has witnessed a noticeable shift in consumer preferences towards healthier food options. Simultaneously, there is a growing demand for international cuisines. The influence of tourism is also significant; coupled with a rising middle class, it has driven the expansion of casual dining, quick-service restaurants, and fine dining establishments. Additionally, the adoption of digital technologies for food delivery services has further transformed the market dynamics, providing convenience to consumers.
Moreover, government initiatives promoting tourism and the hosting of global events like Expo 2020 have acted as catalysts for the foodservice industry’s expansion. Despite challenges posed by the global pandemic, the UAE food service market remains resilient, adapting to changing consumer behaviors and maintaining its status as a dynamic and innovative segment within the broader hospitality industry.
UAE Food Service Market – Report Coverage:
The “UAE Food Service Market Report – Forecast (2024-2034)” by Digiroads Consulting, covers an in-depth analysis of the following segments in the UAE Food Service Market.
Attribute | Segment |
By Food service Type |
|
Outlet |
|
By Industry Type |
|
Location |
|
Recent Developments :
Key Market Players:
Product/Service launches, approvals, patents, and events, as well as acquisitions, partnerships, and collaborations, are key strategies adopted by players in the UAE Food Service Market. Consequently, the top 10 companies in this industry are listed below:
- Al Khaja Group Of Companies
- Alamar Foods Company
- Alghanim Industries & Yusuf A. Alghanim & Sons WLL
- Americana Restaurants International PLC
- Apparel Group
- BinHendi Enterprises
- CKE Restaurants Holdings Inc.
- D.ream International
- Deli and Meal LLC
- Emirates Fast Food Company
- Galadari Ice Cream Co. LLC
- JF Street Food
- Kamal Osman Jamjoom Group LLC
- LuLu Group International
- M.H. Alshaya Co. WLL
- Ring International Holding AG
- The Emirates Group
- The Olayan Group
Key Benefits For Stakeholders:
- Investors: Profit from a flourishing market while capitalizing on high consumer demand and diverse opportunities for culinary ventures.
- Businesses: Expand and thrive in a dynamic food service landscape by strategically catering to the diverse preferences of consumers.
- Consumers: Enjoy a rich culinary experience through an abundance of dining options, innovative menus, and high-quality service that ensures satisfaction.
- Government: Boost economic growth through a thriving hospitality sector, generating employment and contributing to the nation’s overall prosperity.
- Suppliers: Experience increased demand for a variety of food products and services, fostering business growth and sustainability in the market.
We have studied the UAE Food Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2034.
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Table of Contents
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INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
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RESEARCH METHODOLOGY
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EXECUTIVE SUMMARY
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MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
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MARKET SEGMENTATION
- UAE Food Service Market – By Food service Type
- Cafes & Bars
- Cloud Kitchen
- Full Service Restaurants
- Quick Service Restaurants
- UAE Food Service Market – By Outlet
- Chained Outlets
- Independent Outlets
- UAE Food Service Market – By Industry Type
- Leisure
- Lodging
- Retail
- Standalone
- Travel
- Location
- Dubai
- Abu Dhabi
- Sharjah
- Ajman
- Fujairah
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COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
- Al Khaja Group Of Companies
- Alamar Foods Company
- Alghanim Industries & Yusuf A. Alghanim & Sons WLL
- Americana Restaurants International PLC
- Apparel Group
- BinHendi Enterprises
- CKE Restaurants Holdings Inc.
- D.ream International
- Deli and Meal LLC
- Emirates Fast Food Company
- Galadari Ice Cream Co. LLC
- JF Street Food
- Kamal Osman Jamjoom Group LLC
- LuLu Group International
- M.H. Alshaya Co. WLL
- Ring International Holding AG
- The Emirates Group
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MARKET OPPORTUNITIES AND FUTURE TRENDS