Future Growth of Retail Restaurant Industry in Qatar: Ken Research

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Socio-Demographic Outlook Of Qatar

60% young population, 85% ex-pat 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 the convenience of dining out against cooking at home frequently. High per capita disposable income (QAR 200k annually) with limited entertainment options due to high-temperature weather limits entertainment options to eating out and shopping indoors. The tourist spending has also contributed to spurring the growth of the F&B Industry in Qatar.

Other key industry trends include the rapid uptake of the online food delivery segment and the development of cloud kitchens by catering and restaurant providers.

qatar-retail-restaurant-industry

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 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 the largest number of Restaurants with Casual Dining Outlets generated the largest revenue share. Fine Dining Restaurants earns Highest Profit Margin serving Clients with Authentic Cuisine, ambiance & Food Quality.  Casual Dining Outlets are the most preferred place for family outings serving Multi-cuisine Food & a 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 Numbers of the 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:

The majority of the Revenues in Qatar held by the Retail restaurant Industry are 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 its 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. The worth of Mouth has played an important role for Outlets such as Cheesecake factory, La Mar, Volume with more number 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. The 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 Tealeaf

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

DoubleTree 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: –

Qatar Catering Services Industry Outlook to 2024 (Third Edition) – Analyzing the potential of incumbents to host World Cup 2022

Qatar Catering Services Market Outlook to 2022 – By Event Catering, Industrial, Education, Flight, Healthcare, Corporate and Other Catering

Saudi Arabia Canned Food Market Outlook to 2022 – by Product Categories (Canned Dairy, Canned Meat, Canned Fish, Canned Cooking Sauces, Canned Legumes and Beans and Canned Fruits and Vegetables), by Distribution Channels (Bakalas, Hypermarkets, Supermarkets, Others), by Regional Sales (Riyadh, Jeddah, Mecca-Medina, Dammam and Others), by End User (Hotels, Restaurants and Catering Companies, Fast Food Outlets and Retail Consumers)

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

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