The publication titled ‘Qatar Catering Services Industry Outlook to 2024 (Third Edition) – Analyzing the potential of incumbents to host World Cup 2022’ undertakes an analysis of the domestic catering players, International firms, and Hotel based catering firms operating in Qatar across various operational and financial parameters, existing clientele, and their readiness to serve massive requirements posed by FWC in 2022.
The high ex-pat population coupled with a boom in construction activities has resulted in an uptake of catering services led by industrial (construction) camps over the last 5 years. The trend witnessed upheavals owing to the downturn caused by COVID-19 but is expected to re-gain pre-COVID-19 levels by Q2 2021. Furthermore, the FIFA Football World Cup 2022 is being organized in Qatar, leading to a massive spike and increased adoption of catering services.
What is the socio-demographic outlook of Qatar with respect to F&B Industry?
With a 60% young population, QAR 200,000 annual per capita national disposable income and ~2 Mn tourist arrivals in 2019 have resulted in the growth of the F&B industry, valued at QAR 8.6 Bn in 2019. The recent trends of online food delivery and cloud kitchens are gaining momentum as ex-pat young population prefers dining out compared to cooking at home frequently.
What is the status of Catering services Industry in Qatar?
50+ years in vintage, the industry has witnessed the entry and exit of many players. To date, there are 20+ vertical players operating in the industry. The majority of the firms were set up during the 2000-10 decade owing to the boom in construction activities. At end of 2019, the industry was serving ~1Mn meals per day; majorly to industrial and government clients. While some players cater to every type of end-user, some players have positioned themselves on specific segments such as event catering, catering to healthcare sectors, etc.
What is the competition scenario of the industry?
The moderately concentrated industry with top tier firms (supplying >50,000 meals per day) constituting 72% of the industry size. Major firms include Shaqab, Yemek Doha, Qatar Star Services, Integral Food Services, Compass Qatar, Sodexo Teyseer, etc. Firms are generally competing for basis the scope of services being provided (Facility Management Services), food quality certifications, logistics, and delivery management, MENUs and cuisines offered, etc.
Impact of COVID-19 on Industry
Catering services are largely dependent on ex-pat the population engaged in the industrial and corporate sectors. While most of the ex-pats returned to their home country, a decrease in an annual number of events being hosted, restriction on tourism, and non-operational flights led to a decline in meals served on a daily basis. However, with the opening up of cities and relaxed restrictions, the industry is gradually approaching the pre-Covid levels. It is expected that FY’2020 would experience a slight decline with pre-COVID levels being achievable by Q2 2021.
How are firms gearing up for FIFA Football World Cup?
Incumbents are considering the Football World Cup event as a tipping point for their operational performance and global recognition. To avoid losing out the business to international players, incumbents are undertaking capacity expansion plans, re-branding their firm, opening restaurants aimed at tapping individual customers, diversifying their MENUs, and partnering with international firms. It would be interesting to watch how companies position themselves while applying for the tender process.
Time Period Captured in the Report:-
Historical Period: 2015–2019
Forecast Period: 2020-2024
Key Topics Covered in the Report:-
Socio-Demographic Outlook of Qatar
Snapshot on Food & Beverage Industry
Catering Services Industry in Qatar (Market Size and Segmentation)
Competitive Landscape of Firms (Operational Performance, Financial Performance, Company Profiles)
Overview of Global players with prior experience in organizing sporting events
Regulations and Certifications applicable to industry
Future Outlook of Industry – including impact of COVID-19
Best Selling MENUSs – End user segment wise
For More Information on the Research Report, refer to below links: –
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Ankur Gupta, Head Marketing & Communications