Are catering firms in Qatar prepared for FWC 2022?: Ken Research
GURUGRAM, India, June 14, 2021 /PRNewswire/ -- 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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