Socio-Demographic Outlook Of Qatar
60% young population, 85% expat population (led by Asian countries) and 2.1Mn tourist arrivals in 2019 positions Qatar as a vibrant country among its GCC peers. Qatar has been the host country to Qatar Marine Festival, Qatar Open Tennis Tournament, Doha International Book Fair, Qatar International Food Festival and FIFA Football World Cup Event in 2022.
Demographic skewed towards young urban population; prefers convenience of dining out against cooking at home frequently. High per capita disposable income (QAR 200k annually) with limited entertainment option due to high temperature weather limits entertainment options to eating out and shopping indoors. The tourist spending has also contributed in spurring the growth of F&B Industry in Qatar.
Other key industry trends include the rapid up-take of online food delivery segment and development of cloud kitchens by catering and restaurant providers.
Overview Of Retail Restaurant Industry In Qatar
The Restaurant sector in Qatar which was dominated by franchised American concepts is witnessing the development of several home-grown concepts driven by companies such as Food Service Company and more.
Analysts note there has not been any benefit of being early entrants irrespective of the Type of Outlet. The country’s Retail Restaurant sector has witnessed a negative growth in 2020 due to COVID-19 but the market is expected to revive in the coming 1-2 years owing to FIFA World cup 2022 in the country.
Cafeterias accounted for largest number of Restaurants with Casual Dining Outlets generated largest Revenue share. Fine Dining Restaurants earns Highest Profit Margin serving Clients with Authentic Cuisine, ambience & Food Quality. Casual Dining Outlets are most preferred place for family outing serving Multi cuisine Food & Decent Atmosphere. QSRs and Cafeterias are being extremely popular due to the presence of international Brand Franchise & New Home-Grown Brands in Qatar.
Qatar Retail Industry Market Segmentation, 2020
By Geographical Locations:
The restaurants in Qatar are majorly concentrated in parts of Al Rayyan, Doha, Al Gharafa, Dafna, West Bay, Pearl Qatar and more. Most Number of outlets are concentrated in Al Gharafa and Dafna/ West bay, Pearl Qatar earning higher Revenue than Other Areas.
Some of the Popular Outlets are Diet House, Coffee Time, Pool Grill, and Hwang & More.
By Franchise/ Non-Franchise:
Majority of the Revenues in Qatar held by Retail restaurant Industry is from Non-Franchised Outlets/ Standalone Outlets in Qatar. Cafes & Cafeterias account for the largest share in Franchised Outlets & Casual Dining in Non- Franchised Outlets Basis Count in 2020.
Operating Model of Casual Dining Restaurant in Qatar: The Model explains the Cost and Revenue structure of a Casual Dining Outlet in Qatar with inception year as 2012.
The major Cost components are Salary (28%), Cost of Goods (42%) and Utility Cost (17%) considering the Hypothetical Assumptions taken for the Model in Qatar.
Competition Overview
The Retail Restaurant Industry is quite fragmented and No First mover Advantage is evident in any type of Outlets in Restaurant Industry in Qatar. In this space, Restaurants are competing by providing differentiated products (multi-cuisines, end-user dedicated services), great Ambience & Good Quality food and more. Worth of Mouth has played an important role for Outlets such as Cheesecake factory, La Mar, Volume with more number of outlets spread all across Qatar. Franchise Brands such as Fat Burger, Starbucks are being extremely popular with many Qatari Groups developing new In-house Restaurant Chains/ Brands.
Future Outlook Of Retail Restaurant Industry In Qatar
The Retail Industry is expected to flourish in Qatar with Rising Income levels of the consumer and changing consumer preferences due to healthy eating options & premium food. Government is supporting Under Qatar National Vision 2030 to encourage its local companies to expand into regional and international markets.
FWC event in 2022 allows ample opportunity for incumbents to increase the utilization rate of existing restaurants and will allow more Multi-cuisine Restaurants, Five star Hotel Chains near the newly opened stadiums and Malls especially designed for the Fifa World Cup in Qatar. Approximately 16 new Malls & Two Real estate developments are scheduled to commence operations by 2020-21 giving rise to approximately 1000+ new Restaurants consisting of Casual Dining, Cafes and QSRs.
Key Target Audience: –
Restaurant Chains, Hotel Chains
Food Aggregators
Catering Companies, Real Estate Companies
Potential Market Entrants
Time Period Captured in the Report:
Historical Period – 2014-2020
Forecast Period – 2020-2025F
Companies Mentioned:
Casual Dining Outlets-
Asha’s
Biella
The Noodle House
The Cheesecake Factory
Yasmine Palace
Caravan Bukhara
Burj Al Hamam
Melenzane
Layali
Neo
L’wzaar Sea Food
PF Chang’s
Vapiano
Fine Dining Outlets-
La Mar
La Spiga
Hakkasan
Isaan
Nusr-Et
Market by Jean Georges
Cafes-
CAF
Starbucks
Volume Cafe
Café Vergnano
Rosemary Cafe
Coffee Beans and Tea leaf
Caribou Cafe
QSRs/Burger Chains-
Subah W Masa
Zaatar W Zeit
Elevation Burger
Fat Burger
McDonalds
KFC
Sandwich Factory
Five Guys
Hotel Chains
W Hotel
Intercontinental Doha
Wyndham Grand Regency Doha
Double Tree by Hilton
Ritz-Carlton Doha
Key Topics Covered in the Report: –
Socio-Demographic Outlook of Qatar
Snapshot on Food & Beverage Industry
Retail Restaurant Services Industry in Qatar (Market Size and Segmentation)
Competitive Landscape of Firms (Operational Performance, Financial Performance, Company Profiles)
Challenges and risk to the Retail Restaurants
Operating Model of Casual Dining Outlet in Qatar
Regulations and Certifications applicable to industry
For More Information on the research report, refer to the below link: –
Future Growth of Retail Restaurant Services Industry in Qatar
Related Reports by Ken Research: –
Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249