Market Research Report UAE Catering Services Market,UAE Catering Companie | Page 8

August 2017 UAE Catering Services Market Outlook to 2021 which are the major end users of catering services. 0-6 month long contracts are preferred by industrial workers and labor camps as it depends on the duration of construction activity By End Users: The flight and airport sector have accounted for the revenue share of ~%. This sector is driven by the rising expectations of all the passengers to have healthy nutritious food and growing number of flyers. The industrial/construction/labor camps/prisons has taken up the second largest market share of ~% in 2016. This can be attributed to the fact that UAE has been experiencing huge growth in the construction activity which has increased the demand for contract catering services of labor camps. Schools have taken up ~% of market share in 2016. In 2016, the total number of private schools in the UAE had enhanced to ~ with most of them located in the emirates of Abu Dhabi and Dubai. Hotel industry has taken up ~% of the revenue share in 2016 for UAE catering services. This segment also includes UAE marriages held in hotels and private halls. The number of hotels and hotel apartments increased to ~ in Dubai in 2016 from ~ in 2015. The number of hotels in Abu Dhabi amounted to ~ in 2016. This augmented the market for fine dining and buffet services in hotels. Competition Scenario in UAE Catering Services Market UAE has around ~ industrial catering companies with 5 major companies namely Emirates Catering Services, Abela andCo., Royal Catering, ADNH Compass and Intercat accounting for ~% of the market. It is estimated that over ~ million meals are prepared and served on a daily basis which cover a wide spectrum of industries. Emirates Flight Catering is the world leader in the aviation catering industry, with ~ meals served per day. National Catering Services & Foodstuff has been the longest established local hospitality and Catering companies in the Emirates and Middle East. They serve over ~ meals per day. National Catering is one of the leading Catering and related support services Companies in the Arabian Gulf region. Royal Catering is one of the region's leading catering and hospitality service providers. They serve up to ~ meals per day. Southern Food & Catering Services LLC (SFCS) was established in Abu Dhabi in the year 1989. They are majorly based around Abu Dhabi, Western Region Ras Al Khaima. They serve more than ~ meals per day. Future Outlook for UAE Catering Services Market The UAE catering services market revenue is expected to grow from USD ~ million in 2016 to USD ~ million in 2021 at a CAGR of ~%. The UAE Aviation industry is expected to reach USD ~ billion by 2020 which will be driven by lowering tickets prices and growing number of passenger. This period will see major investment in infrastructure projects as UAE gets ready to host the World Expo 2020 facilitating the demand for catering services. As the catering sector grows, it will also see a rise in competition as more players compete to gain competitive advantage with new innovation and technology. 8 © Licensed product of Ken Research; should not be copied