What Is The Size Of Bahrain Catering Service Industry?
Bahrain Catering Service Market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027F.
The Bahrain Catering Service Market is largely driven by rising adoption of automated kitchen in catering services, surging focus on healthier meals and rising tourism in the nation.
The Bahrain Catering Service Market is largely driven by urbanization and changing lifestyles. There has been a change in the demand for catering services in recent years, supported by the quickly developing business-to-business (B2B) events sector and food and beverage services being offered at a growing number of corporate events. Furthermore, the market for catering services is growing because of factors including hectic lifestyles and difficulties associated with cooking.
Contactless payments and in-app ordering are two of the newest developments in the in-flight catering industry.
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Furthermore, by providing high-quality food and guaranteeing little wait time, catering service companies are attempting to improve the complete client experience.
The growing preference among customers for fresher, healthier foods is boosting the worldwide catering services market. The catering service operators have shifted their emphasis to providing healthier meals made in-house using fresh ingredients. The market is expanding because of the increased focus on implementing technology to enhance the customer experience and minimize time spent waiting for food.
Bahrain Catering Service Market By Type
The Bahrain Catering Service market is segmented by Type into Contract catering and non-Contract catering.
Non-Contract type was the most dominant type in Bahrain Catering Service market in 2022.
Bahrain Catering Service Market By End-User
The Bahrain Catering Service market is segmented by End-User into In-Flight, Oil & Gas, Hospitality, Healthcare, Education, Corporate and Others.
The corporate users were the most dominant segment in the Bahrain Catering Service Market. This is a result of multinational corporations expanding their presence and boosting their expenditures within the nation.
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Competition Scenario In Bahrain Catering Service Market
Bahrain Catering Service Market is in the growing stage, having a consolidated market with just few companies acquitting the major portion of the market. Bahrain Catering Service market is fragmented with the manifestation of small, medium and large corporations. Some of the major players in the Bahrain Catering Service market are Promoseven Holdings, United Caterers and Contractors, Mohammed Jalal Catering, Foosco, Food City etc.
What Is The Expected Future Outlook For The Overall Bahrain Catering Service Market?
The Bahrain Catering Service market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Bahrain Catering Service market is driven by rising adoption of automated kitchen in catering services, surging focus on healthier meals and rising tourism in the nation. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.
The Bahrain Catering Services Market is projected to show significant growth in the coming years. It is expected to be driven by quickly developing business-to-business (B2B) events sector and food and beverage services being offered at a growing number of corporate events. Growing health consciousness such as being vegan and eating green food in Bahrain cuisines is affecting an individual’s order pattern.
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The growing demand for locally produced fresh farm produce, such as fruits, vegetables, and meat items, is also fueling the catering services market.
In addition, hotels and restaurants are developing novel catering services, which are expected to fuel the catering service industry.
Moreover, the market for catering services will be growing because of factors including hectic lifestyles and difficulties associated with cooking at home. Also, hotels and restaurants are coming up with innovative catering services, which are expected to fuel the catering service industry. The market will also expand because of the increased focus on implementing technology to enhance the customer experience and minimize time spent waiting for food. Specialized catering services are increasing in demand as global multinational corporations are quickly expanding in emerging regions of Bahrain.
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