Ecosystem of Catering Services Market in Kuwait
Kuwait’s Catering Services Market is at a growing stage and has a consolidated market with about the top 4-5 players accounting for ~40% of the share in the catering business in the country. The Catering Services Market in Kuwait has seen the emergence of more players over the past 5 years.
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- There is a direct operational presence of all major global catering vendors in the top-tier cities of Kuwait as well as some large regional and local players in the market.
- There is a growing emphasis among buyers toward sustainable sourcing and the adoption of technology to improve the customer experience and reduce waiting times for food.
- Government/Defense Catering holds a significant share of the end-user segment of catering services in Kuwait. There are very few companies that exist in this sector.
Growing Tourism: The need for catering services is soaring rapidly to meet the demand of the exponentially rising population and the growing influx of tourists, pilgrims, & migrants in Kuwait. Besides, the aviation sector is another industry playing a crucial role in driving the market by augmenting the demand for in-flight catering services for customers & provide them with a variety of Kuwaiti dishes & cuisine.
Rising Corporate sector: The corporate sector is anticipated to dominate the Kuwait Catering Services Market with the largest share during 2022-27. It attributes principally to the gradually expanding corporate offices and the growing awareness about the benefits of procuring catering services, such as maintaining a good impression of the company, getting professional assistance, hassle-free food preparation, making spectacular events, and offering a wide variety of food.
Customized menus and Dining experiences: The Kuwait catering services market is being propelled forward as catering is being used as a talent attraction and retention tool by several corporate offices. An increasing number of companies are showcasing their dining services as an attraction by providing an additional employee benefit, rather than just a meal to attract and retain talent. The companies are offering customized menus and dining experiences to the employees at a subsidized rate, which is becoming a norm to attract and retain the best talent by enhancing employee satisfaction and morale. Such a holistic dining experience also encourages employees to eat together and build a sense of belonging to the company. This, as a result, will give rise to a lot of themed restaurants and fine-dining eateries on campus.
Analysts at Ken Research in their latest publication “Kuwait Catering Services Market Outlook To 2027F – By Event Catering, Industrial, Education, Flight, Healthcare, Corporate, and Other Catering” observed the potential of the Catering Services Market in Kuwait. The change in consumer preferences, health-conscious among the population, technological advancement in the catering business, increasing tourism, and the ongoing demand from the Mining division is expected to contribute to the market growth over the forecast period. The Kuwait Catering Services Market is expected to grow at ~% CAGR over the forecasted period 2022-2027F.
Key Segments Covered in the report: –
Kuwait Catering Service Market
- Contract catering
- Non-Contract catering
By Length of Contract:
- 1 year
- More than 1 year
By End Users:
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Key Target Audience
- Airline Catering Companies
- Fine Dining Caterers
- School Caterers
- Industrial Caterers
- Government Bodies
- Facility Management Companies
- Corporate Sector
Time Period Captured in the Report:
- Historical Year: 2017-2021
- Base Year: 2022
- Forecast Period: 2023– 2027F
- Luscious Catering
- Opera Catering Co
- Kuwait Hotels Company
- Wow Catering Services
- Al Wazzan Trading & Catering Co. AWTC
- Atyab Gulf Catering Services
- Al-Karam Al-Arabi for Catering Services Limited
- Anaar Catering
- Lazurd Catering
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Key Topics Covered in the Report
- Executive Summary of the Kuwait Catering Service Market
- Kuwait Catering Service Market Introduction and Value Chain Analysis
- Kuwait Catering Service Market Size, 2017-2022
- Kuwait Catering Service Market Segmentation, 2022
- Snapshot on Food & Beverage Industry
- Best Selling MENUSs – End user segment-wise
- Trends and Developments in Kuwait Catering Service Market
- Issues and Challenges in Kuwait Catering Service Market
- Porter’s Five Forces Analysis for Kuwait Catering Service Market
- Regulatory Framework in Kuwait Catering Service Market
- Comparative Landscape in the Kuwait Catering Service Market
- Kuwait Catering Service Market Future Outlook and Projections, 2022-2027F
- Analyst Recommendations
For more insights on market intelligence, refer to the link below: –
Future Outlook of Kuwait Catering Services Market
Related Reports by Ken Research: –
Qatar Catering Services Industry Outlook to 2024