Qatar Catering Services Industry Outlook to 2024 (Third Edition) – Analyzing potential of incumbents to host World Cup 2022 - Are catering firms in Qatar prepared for FWC 2022?: Ken Research
Catering services are largely dependent on the ex-pat population engaged in the industrial and corporate sectors. While most of the ex-pats returned to their home country, a decrease in the annual number of events being hosted, restriction on tourism, and non-operational flights led to a decline in meals served on a daily basis.
Gurugram, India, July 29, 2021 (GLOBE NEWSWIRE) -- Catering services industry encompasses 30+ players including a mixture of vertical domestic players, subsidiaries of international firms and hotel chains dealing in outside catering. Such players focus on establishing niche by targeting specific end users such as event catering, industrial/construction camp catering, in-flight catering etc. For instance- Al Nawras, Taste Catering, hotel chains focus on private events/wedding catering while Qatar Caterers and Contractors, Shaqab, Amwaj, Qatar Star Services etc find high clientele associated with industrial clients. Qatar Aircraft Catering Company (QACC) enjoys the monopoly of catering to in-flight operations while Yemek Doha entered the industry with winning big army catering contracts.
Prior to COVID-19, industry was operating at capacity utilization rates of ~75%, which dropped to around 65% in April-June 2020. The industry is still recovering and is expected to reach to its pre-COVID levels by Q2 2021. With a spare utilization of 25%, the key question is how would industry adapt to the massive catering requirements in 2022? It is expected that ~2Mn tourists would be coming to attend the football world cup tournament coupled with domestic visitors, putting a huge supply challenge compared to ~1Mn meals being supplied daily. The associated food delivery/logistics management is another challenge as firms prefer to possess limited fleet and capabilities, capable of handling year-long contractual orders.
Moreover, 4 out of 7 firms interviewed by Ken Research, are finding it difficult to arrange for the required documentation including sustainability reports, supplier code of conduct etc; generating a possibility of convergence of tender allotment to big players.
Considering the expected challenge, certain firms are gearing up to position themselves as a leading candidate for the tender process. Firms including Yemek Doha, Crompton catering, and Newrest Gulf etc. are expanding their production capacity while Future catering is rebranding itself to ‘Emporio Gourmet’ in order to prepare itself for FWC event. Certain players are also exploring establishing strategic partnerships/joint ventures with international sports catering firms.
Analysts at Ken Research believe that incumbents must strive to position themselves as a unique player capable of handling increased order size and deliver the best services. In order to achieve the same, it is pertinent to establish strategic partnerships with global sports catering firms which would not only augment the capacity but also bring in world-class standards of catering. Firms must also be prepared to rapidly expand their logistics capabilities by partnering with local rental firms. It would be interesting to watch as to how incumbents position themselves during the tender process and react post the FWC event. Would the overcapacity (post 2022) result in reduction of prices, putting the margins of mid and bottom tier firms at risk?
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
Airline Catering Market Share Qatar
Amwaj Ras Laffan meals supplied Market Growth
Catering Business in Qatar
Catering Contracting Market Qatar
Catering Service Providers in Qatar
Catering Services Industry in Qatar
Catering Services Market in Middle East
Catering Services Market in Qatar
COVID 19 Impact on Qatar Catering Services Market
Food and Beverage Industry Growth Qatar
GCC Catering Services Market
Healthcare Catering Market Qatar
Hotel Catering Market Qatar
Impact of COVID-19 Qatar Catering Services Market
Industrial Catering Industry Qatar
Integral Food Services Revenue
Meals Delivered by Catering Companies Qatar
Meals Supplied Growth In Qatar Industry
Number Of Central Kitchens In Qater
Qatar Aircraft Catering Company Meals Supplied
Qatar Catering Services Industry
Qatar Catering Services Market Revenue
Qatar Event Catering Market Size
Qatar In-Flight Catering Services Market
Qatar Integral Food Services Market Revenue
Qatar Marriage Catering Market
Qatar Shaqab Meals Supplied Market Share
Qatar Star Services Catering Revenue
Qatar Wedding Catering Industry
Shaqab Qatar Catering Services Market Analysis
Total Meals Production Capacity Of Qater
Tourist Catering Market Qatar
Zad Catering Services Revenue Share
For More Information on the Research Report, refer to below links: -
Qatar Catering Services Industry
Related Reports by Ken Research: -
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Indonesia's catering market revenue has grown from USD ~ million in 2012 to USD ~ million in 2017, attaining a robust CAGR of ~% during the second half of the review period (2014-2017) as compared to ~% during the first half (2012-2014). The market witnessed a robust CAGR of ~% during the entire review period (2012-2017). The market is currently placed in a medium growth stage with a strong possibility for further growth at a faster pace. Profitability associated with catering is highly correlated with multiple factors such as food quality and premium cuisine type during various individual events & its effective interpretation, cost reduction related to transportation of raw materials, minimization of wastage, sustaining & expanding client relationships, engaged with multiple event halls with different capacities, efficient & effective service provided amongst various others. The estimated profitability range for the event and pure-play caterers has been analyzed to be ~% in 2017.
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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
CONTACT: Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249