Recent and upcoming malls in Qatar, such as Mall of Qatar, Tawar Mall, Al Hazm Mall are likely to expand options for Retail Restaurant outlets in the country.
The Qatari Government is undertaking numerous initiatives under Qatar National Vision 2030 to encourage its local companies to expand into regional and international markets.
Due to COVID, Online Food Delivery services and concept of Cloud Kitchen is getting extremely Popular in Qatar and is expected to flourish in next 5-10 years
FIFA World Cup 2022: The hosting of FIFA World Cup in Qatar is expected to provide humongous one-time boost to the Retail Restaurant Industry of the country in 2022. More than 3Mn expected Tourists, Spectators and more has prompted many Restaurant Chains to undertake several marketing strategies such as world cup special menus, live screening of the games, etc. as well as partnership strategies such as mergers and acquisitions, collaborations with Tourist Agencies, Food Aggregators, etc. to tap in the full potential of this one time opportunity. Moreover, Construction projects in the country such as development of New Stadiums (Education City Stadium, Khalifa International Stadium and more) or Metro stations will provide great expansion opportunities to QSRs or Cafes.
Increasing prevalence of Cloud Kitchens: COVID has prompted many Restaurant Chains in Qatar to move towards the relatively new concept of Cloud kitchens in the country to minimize cost, maximize Restaurant reach and streamline their delivery process to maintain current customers especially during the times of adverse situations.
New Opportunities for opening of Restaurants: Future growth of this industry will be highly dependent on the growth of the hospitality and leisure sector in Qatar. Based on the recent benchmarks of population demographics and Retail Restaurant outlets across various geographical locations in Qatar, several opportunities exist for setting up of new Fine dining, Casual Dining, QSRs, Cafes or Desert parlors in areas like Muaither, Al Aziziyah and Al Waab, Salwa Road and more due to reasons such as low outlet density per 1000 people, future development prospects in the form of Residential and commercial complexes, etc. in these areas.
The high ex-pat population coupled with a boom in construction activities has resulted in an uptake of catering services led by industrial (construction) camps over the last 5 years. The trend witnessed upheavals owing to the downturn caused by COVID-19 but is expected to re-gain pre-COVID-19 levels by Q2 2021. Furthermore, the FIFA Football World Cup 2022 is being organized in Qatar, leading to a massive spike and increased adoption of catering services.
This report will help the readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report is useful for Jordan catering companies, airline caterers, hotels, industrial caterers, government entities, and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
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The report is useful for investors, packaged food manufacturers, food ingredient supplier, potential entrants, food retailers and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.