Dubai PR Network, Online Press Release from Dubai and Middle East
 
Food, Beverages & Restaurant(Food Industry)
Filter PR by
  
UAE Food & Beverage (F&B) Sector Faces Increased Competition, Operators Looking to Expo 2020 to Drive Growth
 
UAE Food & Beverage (F&B) Sector Faces Increased Competition, Operators Looking to Expo 2020 to Drive Growth

“Initial findings from the KPMG 2019 F&B survey show that consumers across the GCC continue to spend and dine out as much or more than last year. This indicates that F&B businesses in the region are likely to grow in the medium-term future. 
 
Despite this optimism, markets continue to face certain challenges in the UAE. Supply is increasing versus demand and most operators are struggling to achieve like-for-like growth in their premises. Operators also have to grapple with increased competition. But the prospect of Expo 2020 has given the industry a boost, as F&B operators remain optimistic about growth this year.
 
In the UAE, the delivery business has taken off. F&B operators are increasingly offering delivery to expand their footprint. But this is not without challenges as delivery platforms charge a high commission, which can impact operators’ bottom line. Further, the lack of control over customer experience for delivery orders remains a concern for operators.

If we look at other markets in the GCC, the growth prospects for Saudi Arabia look bright and operators are optimistic about the future. This is due to the economy opening up, availability of more options and people dining out more than before. Locations for new food offerings like malls are emerging and the market is expecting further growth.” - Vikrant Rohatgi, Director, Global Strategy Group at KPMG Lower Gulf


Posted by : Dubai PR Network Editorial Team
Viewed 4496 times
PR Category : Food Industry
Posted on : Tuesday, February 18, 2020  9:16:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Innovative Welsh Food and Drink Companies Return to MENA reg...
Next Story : Bottled Water Industry Leaders Come Together to Form Gulf Bo...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
DERMAdoctor: Peel the Difference & Boost Your Skin with DERMAdoctor's Vitamin C Peel Pad! [11316-Views]
Kristina Fidelskaya Press Release AW2020 [6838-Views]
Maybelline's Falsies Lash Lift Make Their Way to the GCC [6496-Views]
Mattify Your Life With Foreo's UFO Activated Mask [6320-Views]
At Home Anywhere: Rachael Lynn's Guide to Feeling at Home Wherever Life Takes You [5307-Views]
Mark the Advent of the Blessed Month of Ramadan With the Islamic Calendar Watch From Parmi... [5264-Views]
New 5G Nokia Smartphone Unveiled as Portfolio Expands – Ensuring a Nokia Phone is the Only... [5197-Views]
Marina Rinaldi Mother's Day Gift Edit [4947-Views]
Ajman Sewerage Cuts Service Fees by Up to 100 Percent [4892-Views]
Top 13 Features of the HONOR MagicWatch 2 [4416-Views]
Zoho Offers Emergency Financial Relief to Its Small Business Customers [4386-Views]
Easa Saleh Al Gurg Group Pledges AED 10 Million to DHA to AID Covid-19 Prevention Measures [4227-Views]
Slip into style at home with Steve Madden [4215-Views]
HONOR Brings the Brand-New HONOR 9X PRO to Customers in the UAE [4154-Views]
Realme Set to Launch Its Latest Range of Smartphones in UAE [3928-Views]
What Parents Need to Know About the Coronavirus [3861-Views]
A Perfect Blend of Technology and Style: INFINITI of Arabian Automobiles Offers Special De... [3812-Views]
Union Coop to Operate 24 Hours With All Goods Available [3703-Views]
Dubai Health Authority Partners With Twitter to Provide Health Information on COVID-19 [3654-Views]
Hamdan Bin Mohammed Heritage Center Concludes a Record-Breaking Year for Heritage Sports [3593-Views]
Sportmax Leather Trend SS 2020 [3587-Views]
Marina Rinaldi by Roksanda SS 2020 Wearing Art [3428-Views]
MBRSC Commemorates Isra Wal Mi'raj with A Satellite Picture of Al Aqsa Mosque [3416-Views]
Keeping the Community Safe and Informed on COVID-19 [3404-Views]
BenQ Encourages Healthy and Engaging eLearning Environment at Home & Classrooms [3367-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories