The GCC fast food market is projected to exhibit a growth rate (CAGR) of 8.40% during 2023-2028. Rapid urbanization, an expanding young population, an increasing female workforce, rising tourism and Western cultural influences, ongoing technological advancements, and escalating demand for healthier options represent some of the key factors driving the market.
Fast food is a part of modern food culture that is quick to prepare, easily accessible, and typically designed for immediate consumption. It is characterized by its streamlined production processes, efficient service, and standardized menu items. Typically, fast food offerings include burgers, fries, pizzas, fried chicken, sandwiches, and other easily assembled dishes. These items are often high in calories, saturated fats, sodium, and sugar, making them convenient but not necessarily the healthiest choice. One of the defining features of fast food is its focus on takeaway and drive-thru services, allowing customers to quickly obtain their meals without leaving their cars or spending significant time inside the restaurant. In addition to its convenience and affordability, there has been a growing emphasis on healthier fast food options, including salads, grilled items, and reduced-calorie alternatives.
GCC Fast Food Market Trends:
The rapid urbanization and a burgeoning young population in the GCC region have led to a change in consumer preferences, with an increasing number of people seeking convenient and time-efficient food options, primarily driving the demand for fast food products. Besides this, as more women join the workforce, the demand for quick and ready-to-eat (RTE) meals has surged, further fueling the growth of the fast food industry. Additionally, the GCC's thriving tourism sector, with an increasing number of visitors from around the world, has created a significant demand for familiar and easily accessible fast food chains, thereby bolstering the market growth. Concurrent with this, the expanding influence of Western culture and the widespread adoption of global culinary trends have also played a pivotal role in influencing the market growth in the GCC. Moreover, the region's economic prosperity has boosted disposable incomes, allowing consumers to indulge in dining-out experiences and making fast food restaurants an attractive choice for affordable and convenient meals. In confluence with this, significant technological advancements in the food industry have led to the introduction of mobile ordering, delivery services, and loyalty programs, enhancing customer convenience and further propelling the market's growth. Furthermore, the advent of healthier menu options and disclosing nutritional information to cater to a more health-conscious segment of the population is presenting remunerative opportunities for market expansion.
GCC Fast Food Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the GCC fast food market report, along with forecasts at the regional and country levels for 2023-2028. Our report has categorized the market based on product type and end user.
Product Type Insights:
- Asia/Latin American Food
The report has provided a detailed breakup and analysis of the market based on the product type. This includes pizza/pasta, burger/sandwich, chicken, Asia/Latin American food, seafood, others.
End User Insights:
- Food-Service Restaurants
- Quick Service Restaurants
A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes food-service restaurants, quick-service restaurants, catering, and others.
- Saudi Arabia
The report has also provided a comprehensive analysis of all the major regional markets, which include Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman.
The report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
GCC Fast Food Market Report Coverage:
|Base Year of the Analysis
|Scope of the Report
||Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
- Product Type
- End User
|Product Types Covered
||Pizza/Pasta, Burger/Sandwich, Chicken, Asia/Latin American Food, Seafood, Others
|End Users Covered
||Food-Service Restaurants, Quick Service Restaurants, Caterings, Others
||Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, Oman
||10% Free Customization
|Report Price and Purchase Option
||Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|Post-Sale Analyst Support
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report:
- How has the GCC fast food market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the GCC fast food market?
- What is the breakup of the GCC fast food market on the basis of product type?
- What is the breakup of the GCC fast food market on the basis of end user?
- What are the various stages in the value chain of the GCC fast food market?
- What are the key driving factors and challenges in the GCC fast food market?
- What is the structure of the GCC fast food market and who are the key players?
- What is the degree of competition in the GCC fast food market?
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the GCC fast food market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the GCC fast food market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the GCC fast food industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.