UAE - The Future of Foodservice to 2022

UAE - The Future of Foodservice to 2022

  • December 2019 •
  • 120 pages •
  • Report ID: 5013076 •
  • Format: PDF
UAE - The Future of Foodservice to 2022

Summary
"UAE - The Future of Foodservice to 2022", provides extensive insight and analysis of UAE’s Foodservice market until 2023, acting as a vital point of reference for operators or suppliers.

Having largely escaped unscathed from the years of global economic downturn and austerity seen elsewhere, the UAE has faced the challenge of navigating a significant fall in the price of oil in recent years.

This has forced the country to accelerate its plans of diversifying its economy towards banking and tourism, lessening its dependency on oil. A CAGR of 5.5% in overall profit sector revenue between 2015 and 2017 does well to hide a growing number of challenges facing operators within the UAE’s foodservice sector. Spiralling rental prices, compressed price growth and the introduction of a 5% VAT from 2018 threaten operational costs, with profit margins becoming increasing squeezed.

Scope
- A CAGR of 5.5% in overall profit sector revenue between 2015 and 2017 does well to hide a growing number of challenges facing operators within the UAE’s foodservice sector. Spiralling rental prices, compressed price growth and the introduction of a 5% VAT from 2018 threaten operational costs, with profit margins becoming increasing squeezed.
- Concerns of supply exceeding demand look to be well founded, with outlet growth remaining largely stagnant across foodservice channels. No longer able to rely on double digit population growth, operators are instead looking for existing consumers to spend more or visit more often, especially in busy urban areas where consumer time scarcity is the norm.
- In future years, value growth is forecast to accelerate to 5.9% but presence is absolutely no guarantee of success as brand churn intensifies, leading to a continuous cycle of brands entering and leaving the market.

Reasons to buy
- Specific forecasts of the foodservice market until 2022 give readers the ability to make informed business decisions through identifying emerging/declining markets.
- Consumer segmentation detailing the desires of known consumers among major foodservice channels will allow readers understand the wants and needs of their target demographics.
- Relevant case studies will allow readers to learn from and apply lessons discovered by emerging and major players within the foodservice market.
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