Favorable Demographics and Income Levels: Qatar’s economy has grown by over ~150% (inflation-adjusted) over the last decade. More than 2Mn people in the country lying between the age group of 20-49 yrs while ~99% population living in urban areas having a median income of ~QAR 20,000-QAR 25,000 per month. This has translated into a boost in per capita expenditure levels on discretionary activities such as eating out in the country. It has become a major source of entertainment for cultural reasons as well as a climate that impedes outdoor activities for most of the year.
Impact of COVID on Retail Restaurant Market: Many Restaurant chains in Qatar shut down their outlets in 2020 due to shifting in consumer behavior from Dining out to cooking at home with a preference for more healthy and organic dishes. Restaurants such as Cheesecake Factory laid off their workers due to loss of revenue and difficulty in cash flow management. All types of Retail Outlets started focusing on Online Food Deliveries as well as protective measures such as face masks, regular checking of temperature, and more.
High Diversity in Qatar Population: Qatar has observed one of the highest rates of growth in the world with its population growing fourfold in the last 15 years. Economic blue-collar migrants from Asia and Africa as well as professional and managerial staff from across the world account for more than 80% of Qatar’s population. Middle income and high-income expatriates are key customer segments for Casual, QSR, and Fine Dining Outlets while cafeterias target blue-collar customers. This ethnic diversity of the workforce has led to the introduction of a range of cuisines from all across the world in the country.
Construction Projects are undertaken by the Government: Construction of new malls, supermarkets, metro stations as well as purpose-built, family-friendly entertainment locations with heavy tourist influx, such as Souq Waqif, Katara, and the Pearl have provided ample space for expanding dining facilities such as QSRs, Cafes, and Casual/Fine Dining Outlets in the country.
The report titled “Qatar Retail Restaurant Industry Outlook to 2025-Hosting of FIFA 2022 Worldcup is Anticipated to Drive Number of Domestic and International Visitors” by Ken Research suggested that the Retail Restaurant Industry of Qatar is expected to grow in the near future due to heavy tourist influx owing to upcoming sports events (FIFA World Cup 2022) in the country. Moreover, initiatives are taken by Government under Qatar National Vision 2030 including construction of planned communities, development of new malls and hotels will also play a major role in the industry’s future growth. The Industry is expected to register a positive five-year CAGR of 6.9% in terms of revenue during the forecast period 2020-2025F.
Key Target Audience: –
Restaurant Chains, Hotel Chains
Food Aggregators
Catering Companies, Real Estate Companies
Potential Market Entrants
Time Period Captured in the Report:
Historical Period – 2014-2020
Forecast Period – 2020-2025F
Companies Mentioned:
Casual Dining Outlets-
Asha’s
Biella
The Noodle House
The Cheesecake Factory
Yasmine Palace
Caravan Bukhara
Burj Al Hamam
Melenzane
Layali
Neo
L’wzaar Sea Food
PF Chang’s
Vapiano
Fine Dining Outlets-
La Mar
La Spiga
Hakkasan
Isaan
Nusr-Et
Market by Jean Georges
Cafes-
CAF
Starbucks
Volume Cafe
Café Vergnano
Rosemary Cafe
Coffee Beans and Tea leaf
Caribou Cafe
QSRs/Burger Chains-
Subah W Masa
Zaatar W Zeit
Elevation Burger
Fat Burger
McDonalds
KFC
Sandwich Factory
Five Guys
Hotel Chains
W Hotel
Intercontinental Doha
Wyndham Grand Regency Doha
Double Tree by Hilton
Ritz-Carlton Doha
Key Topics Covered in the Report: –
Socio-Demographic Outlook of Qatar
Snapshot on Food & Beverage Industry
Retail Restaurant Services Industry in Qatar (Market Size and Segmentation)
Competitive Landscape of Firms (Operational Performance, Financial Performance, Company Profiles)
Challenges and risk to the Retail Restaurants
Operating Model of Casual Dining Outlet in Qatar
Regulations and Certifications applicable to industry
For More Information on the research report, refer to below link: –
Future Growth of Retail Restaurant Services Industry in Qatar
Related Reports by Ken Research: –
Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
