The UAE catering services market has grown from USD ~ million in 2011 to USD ~ million in 2016 at a CAGR of ~%. Furthermore, contract catering services have taken ~% of the revenue share in 2016. The industrial sector took the major revenue share of ~% in 2016. UAE construction sector has seen growing number of projects in the last five years. UAE Catering Companies, Catering Service Providers in UAE, Catering Business in UAE,UAE In-Flight Catering Services Market, Meals Delivered by Catering Companies UAE The growth in construction activities created demand for catering services for labour camps. Some of the major construction projects include Abu Dhabi Airport Expansion- Midfield Terminal worth USD ~ billion, Akoya by Damac worth USD ~ billion, Dubai Town Square worth USD ~ billion and Mohammed Bin Rashid City worth USD ~ billion The number of schools and hospitals also increased which further augmented the growth of contract catering services. Schools and hospitals together contributed ~% in the revenue share in 2016. Number of schools in Dubai increased from ~ in 2014 to ~ in 2016. This has lead to the increase in contract catering services in UAE. The health care sector in UAE saw an investment of USD ~ billion in 2016 for healthcare infrastructure development. This development has increased demand for catering services in hospitals
The market is being re-shaped because of changing consumer preferences. The focus has now shifted to serving more balanced and nutritious food. Government has become more stringent about maintain quality and hygiene standards.
The major players in the UAE catering services market are ANDH Compass, Abela & Co., National Food Catering Company and Royal Catering.
The market is further driven by digital technology, innovation and real time supply chain management which has improved the quality of service
UAE catering services also saw significant demand due to increase in number of marriages which grew at a CAGR of ~% during 2011 to 2016. UAE marriage catering market has grown from USD ~ million in 2011 to USD ~ million in 2016 at a CAGR of ~%. Further the prices of catering services also increased at a CAGR of ~% during 2011-2016.
In future the market is expected to reach USD ~ million by 2021 driven by increase in commercial and residential activity. The construction sector is set to grow at a CAGR of ~% in 2017 as UAE plans to invest heavily in infrastructure and development of various sectors like education, healthcare and real estate. This creates demand for labour which directly affects the need for catering services for labour camps.
How Have The Different Segments In The Uae Catering Service Market Performed?
The contract catering market took ~% of the total UAE catering services market while non contractual catering accounted for ~% of the market in 2016. Since, only marriage and personal events are non contractual and all other end users hire catering services on contractual basis which include airline, schools, corporate offices, hospitals, industrial and labor camps the share of contract catering services is higher. The contract catering services growth was supported by rapid expansion of schools, hospitals, large construction camps and major events such as World Expo 2020.
1 year contracts have accounted for ~% of the revenue share in 2016. This was followed by 0-6 months long contracts which have taken ~% of the share. Others which have accounted for ~% in the revenue share in 2016. UAE Catering Companies, Catering Service Providers in UAE, Catering Business in UAE,UAE In-Flight Catering Services Market, Meals Delivered by Catering Companies UAET .his includes catering contracts which could be for a day for exhibitions or personal events. 1 year contract have taken the largest share as schools, hospitals prefer such contracts which also account for the largest share of revenue. 0-6 months long contracts are preferred by industrial workers and labor camps as it depends on the duration of construction activity. Mainly cost plus contracts are preferred over fixed cost contracts by the caterers as the overhead expenses are shared between the client and the caterer.
Topics Covered in The Report
- Market Size Share Catering Players
- UAE Catering Companies,
- Catering Service Providers in UAE,
- Catering Business in UAE,
- Saudi Airline Catering Market Share
- Catering Services Market UAE
- UAE In-Flight Catering Services Market
- Industrial Catering Market UAE
- Tourist Catering Market UAE
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