Qatar Catering Services Market Forecasted to Surge at 6% CAGR by 2028 | AYTB Qatar, Perfect Food Catering, PDC Tamween, Dunes Catering

The Qatar Catering Service Market is projected to grow at a CAGR of 6.17% in the forecast period of 2023-28, cites MarkNtel Advisors in the recent research report. The market growth imputes to the rising focus of the Qatar government to boost investments in economic sectors, including tourism and healthcare and has widely supported the demand for catering services to serve the employees and visitors.

The increasing investment by the Oil & Gas manufacturers to expand their fields to boost exploration activities across Qatar again influences the market growth. Simultaneously, the surging construction of corporate buildings, small and medium enterprises, etc., due to the increasing expansion activities by businesses such as Microsoft, PwC Legal, and USQBC, etc., is expected to result in expanding food services.

Further, the healthcare sector in Qatar is rapidly expanding, with several new hospitals and clinics being built in recent years. This has led to an increase in patients, healthcare workers, and visitors, all of whom require food services. The growing demand for healthy and nutritious food options among patients and healthcare workers is also driving demand for catering services in the sector. Similarly, the increasing construction of conference halls, stadiums, among other entertainment spaces by the Saudi Government, which are preferred locations for hosting events, are providing more opportunities for the revenue growth of the market during 2023-28, further states the research report, “Qatar Catering Service Market Analysis, 2023.

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Qatar Catering Service Market Segmentation Analysis:

• By Type (Contractual, Non-Contractual),
• By End User (Corporate, Educational Institutes, Healthcare, Defense and Offshore, Mining & EPC, Sports & Leisure, Others)
• By Model (Client Pay B2B, Consumer pays/retail, B2C),
• By Region (Al Khor, Ad Dawhah, Al Wakrah, Al Rayyan)

The Contractual Segment Dominated the Qatar Catering Services Market

Of the two types, the contractual segment has dominated the Qatar Catering services market in recent years, and the same trend is anticipated to continue in the upcoming years. The demand for contractual services is widely dominated by the tourism industry, owing to a constant need to serve both inbound and outbound tourists. Further, with the consistently rising number of hospital patients, the demand in Qatar, especially since 2020, has significantly surged to serve patients with hygienic food requirements. As the Qatar government is eyeing to welcome millions of visitors in the coming years for sports-related activities, the demand for such services is anticipated surge in the coming years as well.

Increasing Expansion of Offices Leading to a Significant Demand for Catering Services in the Corporate Sector

Among all End users, the corporate segment is anticipated to witness a significant growth rate in the market owing to the growing adoption of contract catering services among the business due to frequent launches of events and other corporate occasions. Additionally, the increasing focus of the government to enhance infrastructure developments to attract firms in the country by offering flexible FDI and various tax rebates is anticipated to further accelerate the demand for catering services in Qatar.

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Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Amwaj Catering, Shaqab, Qatar Star Services, IFS, Tamimi Services Group, Qatar Aircraft Catering Company, AYTB Qatar, Perfect Food Catering, PDC Tamween, Dunes Catering are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various countries?
6. How have the buying behavior, customer in- inclination, and expectations from product manufacturers been evolving during 2018-28?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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• https://newscollectiononlines.blogspot.com/2024/07/digital-signature-market-size-share-and.html

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