Qatar Retail Restaurant Industry is expected to cross QAR 8,900 Mn by 2025: Ken Research

• 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 the concept of Cloud Kitchen is getting extremely Popular in Qatar and is expected to flourish in the next 5-10 years.

FIFA World Cup 2022: The hosting of the FIFA World Cup in Qatar is expected to provide a 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 into the full potential of this one time opportunity. Moreover, Construction projects in the country such as the 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 times of adverse situations.

New Opportunities for the 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 report titled "Qatar Retail Restaurant Industry Outlook to 2025- Hosting of FIFA 2022 Worldcup is Anticipated to Drive Number of Domestic and International Visitors” by Ken Research suggested that the Retail Restaurant Industry of Qatar is expected to grow in the near future due to heavy tourist influx owing to upcoming sports events (FIFA World Cup 2022) in the country. Moreover, initiatives are taken by Government under Qatar National Vision 2030 including the construction of planned communities, development of new malls and hotels will also, play a major role in the industry’s future growth. The Industry is expected to register a positive five-year CAGR in terms of revenue during the forecast period 2020-2025F.

For More Information on the research report, refer to the below link: -
https://www.kenresearch.com/food-beverage-and-tobacco/food-services/qatar-retail-restaurant-industry-outlook-to-2025/401704-11.html

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

Related Reports by Ken Research: -

https://www.kenresearch.com/food-beverage-and-tobacco/food-services/qatar-catering-services-industry-outlook-to-2024-third-edition/378870-11.html

https://www.kenresearch.com/food-beverage-and-tobacco/food-services/qatar-catering-services-market/149663-11.html

https://www.kenresearch.com/food-beverage-and-tobacco/general-food/saudi-arabia-canned-food-market/149549-11.html

Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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This release was published on openPR.