Kuwait Catering Services Market Outlook to 2027F
By Event Catering, Industrial, Education, Flight, Healthcare, Corporate, and Other Catering
January 2023
70
About the Report
About the Report
The report provides a comprehensive analysis of the potential of the catering services industry in Kuwait. The report covers an overview and genesis of the industry along with market size in terms of revenue generated.
Its market segmentations include By Type, By structure, and By End Users; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview:
According to Ken Research estimates, the Kuwait Catering Services Market grew from approximately AUD ~ Bn in 2017 to approximately AUD ~ Bn in 2022 – is forecasted to grow further into AUD ~ Bn opportunity by 2027F, owing to the unique food preferences of people, tourism, and the working population in the region.
- Major operators of catering businesses are investing in mobile apps, digital kiosks, tableside ordering systems, and dedicated pick-up areas or drive-thru lanes for mobile orders.
- Due to the nation's rising veganism trend, eateries in Kuwait are reorienting their menus to include healthier choices including plant-based, locally produced and fresh cuisine.
Key Trends by Market Segment:
By Type: The contract catering services were mainly dominated by 1 yearlong contracts as they accounted for ~% of the catering contracts revenue in 2022 as the customers initially look for good quality catering service. Once satisfied with the services, they tend to renew the contracts after 1 year.
By End-Users: The flight and airport sector has accounted for the revenue share of ~%. This sector is driven by the rising expectations of all the passengers to have healthy nutritious food and the growing number of flyers.
Competitive Landscape
Kuwait’s Catering Services Market is at a growing stage and has a consolidated market with about the top 4-5 players accounting for ~40% of the share in the catering business in the country. The Catering Services Market in Kuwait has seen the emergence of more players over the past 5 years.
Future Outlook
The Kuwait Catering Services Market is projected to show significant growth. It is expected to be driven by the demand for healthy food and the convenience of delivering with the development of the hospitality sector. Growing health consciousness such as being vegan and eating green food is affecting an individual’s order pattern which is one of the major driving forces creating demand for catering services in the country.
Moreover, favourable government regulations are also expected to facilitate the catering business in the country. The expansion of foreign tourists in the country increases the in-flight services of the catering business which is further increasing the market. The education, health, and defence sectors are also forecast to increasingly demand catering services, which will likely contribute to industry growth.
Scope Of The Report
Scope of the Report
|
By Type |
Contract catering Non-Contract catering |
|
By Length of Contract |
Short-Term 1 year More than 1 year |
|
By End Users |
Industrial Government In-Flight Corporate Education Event Healthcare Others |
Products
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Airline Catering Companies
- Fine Dining Caterers
- School Caterers
- Hotels
- Industrial Caterers
- Government Bodies
- Facility Management Companies
- Industries
- Schools
- Hospitals
- Corporate Sector
Time Period Captured in the Report
- Historical Year: 2017-2021
- Base Year: 2022
- Forecast Period: 2023– 2027F
Companies
Major Players Mentioned in the Report
- Luscious Catering
- Opera Catering Co
- Kuwait Hotels Company
- Wow Catering Services
- Al Wazzan Trading & Catering Co. AWTC
- Atyab Gulf Catering Services
- Al-Karam Al-Arabi for Catering Services Limited
- Anaar Catering
- Lazurd Catering
Table of Contents
Table of Contents
1. Executive Summary
2. Kuwait Catering Service Market Overview
2.1 Taxonomy of the Kuwait Catering Service Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for the Kuwait Catering Service Market
2.5 Growth Drivers of the Kuwait Catering Service Market
2.6 Issues and Challenges of the Kuwait Catering Service Market
2.7 Impact of COVID-19 on the Kuwait Catering Service Market
2.8 SWOT Analysis
3. Kuwait Catering Service Market Size, 2017 – 2022
4. Kuwait Catering Service Market Segmentation
4.1 By Service Type, 2017 - 2022
4.2 By End-User Type, 2017 - 2022
4.3 By Regional Split (North/East/West/South/Central), 2017 - 2022
5. Competitive Landscape
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles – (Top 5 - 7 Major Players)
5.3 Luscious Catering
5.4 Opera Catering Co
5.5 Kuwait Hotels Company
5.6 Wow Catering Services
5.7 Al Wazzan Trading & Catering Co. AWTC
5.8 Atyab Gulf Catering Services
5.9 Al-Karam Al-Arabi for Catering Services Limited
6. Kuwait Catering Service Market Future Market Size, 2022 – 2027
7. Kuwait Catering Service Future Market Segmentation
7.1 By Service Type, 2022 - 2027
7.2 By End-User Type, 2027 - 2027
7.3 By Regional Split (North/East/West/South/Central), 2022 - 2027
8. Analyst Recommendations
9. Research Methodology
10. Disclaimer
11. Contact Us
Research Methodology
Research Methodology
Step 1: Identifying Key Variables:
Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around the market to collate industry-level information.
Step 2: Market Building:
Collating statistics on the number of catering companies, the price variation of the catering services in the market, the quality of the food, and consumer preferences. We will also review additional statistics to understand distribution channels and market structure which can ensure the accuracy of the data points shared.
Step 3: Validating and Finalizing:
Building market hypotheses and conducting CATIs with industry experts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step 4: Research output:
Our team will approach multiple companies providing catering services and understand market structure, demands, consumer preference and other parameters which will support us validate statistics derived through the bottom-to-top approach from catering service providers.
Frequently Asked Questions
Frequently Asked Questions
01 What is the Study Period of this Market Report?
The Kuwait Catering Services Market is covered from 2017–2027 in this report, including a forecast for 2022-2027.
02 What is the Future Growth Rate of the Kuwait Catering Services Market?
The Kuwait Catering Services Market is expected to witness a CAGR of ~% over the next five years.
03 What are the Key Factors Driving the Kuwait Catering Services Market?
The rise in growing working population, more corporate events, and incoming tourism are some of the key factors driving the Kuwait Catering Services Market.
04 Who are the Key Players in the Kuwait Catering Services Market?
Luscious Catering, Opera Catering Co, Kuwait Hotels Company, Wow Catering Services, Al Wazzan Trading & Catering Co. AWTC.
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