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As per the recent analytical report published by Markntel Advisors, the growing hospital catering services play a crucial role in market expansion. As the medical sector requires a daily basis of adequate meals to feed patients, in healthy and hygienic conditions. This is the reason; the concerned sector requires well-established catering services. Moreover, the catering sector experienced bolstering growth after the pandemic, and widespread hospitals have collaborated with catering owners and kitchen services to provide food for patients. This is the primary reason behind the lucrative growth of the GCC Catering Service market.
The report comprises “GCC Catering Services Market Research Report: GCC Catering Services Market Report – By Type (Outsourced [Contractual Non Contractual], In-House), By End User, (Construction Industry, Corporate Offices, Education, Healthcare, Oil & Gas, Defense & Law Enforcement, Government, Personal Events, Business Events, Mining & EPC, Sports & Leisure, Prisons, Others (Retail, Manufacturing, Aviation, etc.)), By Model (Client Pay B2B, Consumer pays/Retail/B2C) and Others Forecast (2024-2030)”, According to the report, the GCC Catering Services Market is projected to grow at a CAGR of around 8.2% during the forecast period, i.e., 2024-30. The market growth is driven by a rapid explosion in consumer interest towards healthier and modern cuisines.
Leading Segmentation Analysis Based On End-user, Type and Country
The GCC Catering Service market is segmented into four segments based on type, model, end users, and country.
Based on End-User, the market is segmented into Construction Industry, Corporate Offices, Education, Healthcare, Oil & Gas, Defense & Law Enforcement, Government, Personal Events, Business Events, Mining & EPC, Sports & Leisure, Prisons, Others (Retail, Manufacturing, Aviation, etc.), Others in 2024, The Corporate Users segment will dominate the GCC Catering Service Market
Based on Type, the market is segmented into Outsourced [Contractual and Non Contractual] and in-house, in 2024, the Contractual Catering Service segment will dominate the GCC Catering Service Market
Based on Country, the market is segmented into The UAE, Saudi Arabia, Oman, Kuwait, Bahrain, and Qatar, Saudi Arabia dominates the GCC Catering Service Market
Key Takeaways
Study Period: GCC Catering Service market report historical data – 2019-22, Base year – 2023, and Forecast Period- 2024-30.
Market Growth: The GCC Catering Service Market is estimated to grow at a CAGR of around 8.2% during the forecast period, i.e., 2024-30.
Growth Driver: The GCC Catering Service market is expected to expand with the rapidly growing air traffic propels more inflight catering services.
By Type: Contractual Catering Services dominate the market segment due to mounting demand for food in canteens and corporate offices.
By End User: Corporate Users segment dominates the GCC Catering Service market because of the ongoing establishment of multinational companies (MNCs) willing to make substantial investments in restructuring.
Regional Dominance: The Saudi Arabia region is expected to dominate the GCC Catering Service market, owing to a growing affinity for fusion cuisine on menus owing to the developing propensity for a multicultural society.
Frequently Asked Questions (FAQs)-
- What is the expected CAGR value of the GCC Catering Service Market during the forecast period?
- What are the trends influencing the current scenario of the GCC Catering Service market?
- What key factors would propel and impede the GCC Catering Service industry across the country?
- How has the industry been evolving in terms of geography & GCC Catering Service adoption?
- Which country dominate the GCC Catering Service in 2024?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
- Which is the Leading end-user segment in the GCC Catering Service market?
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