Market Reports on Saudi Arabia Provides the Trending Market Research Report on “GCC Cafe And Coffee Market 2023-2029 Market Forecast By Country, And Competitive Landscape” under Food & Beverage Market Research Reports category. The GCC Cafe And Coffee Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
GCC Cafe And Coffee Market Research Report 2023-2029
GCC Cafe and Coffee Market Synopsis :
GCC Cafe and Coffee Market grew significantly during 2019 on account of the increase in presence of international coffee chains such as Starbucks, Costa Coffee, Caribou Coffee, Tim Hortons, Dunkin’ and others. However, during 2020, covid-19 significantly impacted the overall GCC Cafe and Coffee market as the GCC countries closed their borders to contain the spread of the virus which led to a drastic fall of about 75% in international tourist arrivals in 2020 which affected the cafe and coffee market of UAE, Qatar, Bahrain and Kuwait and others. However, the GCC Cafe and Coffee Industry recovered with the ease of restrictions and the rise in international tourist arrivals.
The GCC Cafe market size is projected to grow at a CAGR of 9.1% during 2023–2029. The continent is witnessing enormous investment in tourism as well as hospitality sectors with the purpose to expand tourist arrivals and lower their dependence on an oil-based economy. The market is expected to witness significant growth in the coming years owing to a rise in commercial projects and international tourist arrivals who would like to experience new local coffee beverages. For instance, gcc’s rising cafe culture in the kingdom and country’s plan to develop and expand the number of hotels in Riyadh, Jeddah and Dammam Metropolitan Area (DMA) by the year 2026, coupled with growing tourism in the vicinity of the Dubai festival city and Emirates Kart Zone which presents a big market on account of high leisure tourism along with rising hotel construction, thereby contributing to market for cafe and coffee revenues.
The GCC Coffee market size is projected to grow at a CAGR of 9.6% during 2023–2029. The GCC countries saw more than 50 million arrivals of international tourists in 2022 and the figure is expected to grow significantly which would increase demand for coffee in hotels, restaurants, malls and others and subsequently increase demand for cafes. The sector will keep growing more effectively in the future.
Market by Country :
gcc acquired a major revenue share in 2022. The nation plans to have Coffee City at a 160-hectare site near Al Baha and targeted to have 1 million coffee plants in the kingdom by 2025 as part of their Vision 2030 to boost local coffee production levels. Moreover, the Quality of Life Program under Saudi Vision 2030 Realization Programs aims to reach 1,032 cafes per million individuals around gcc by 2030. Further, the addition of 24,550 and 15,000 hotel keys in Riyadh and DMA respectively by 2024 and the expansion of hotel rooms to 28,000 and 19,000 by Accor Group and Hilton hotels by 2030 would lay the foundation of cafes in the hotels.
Key Attractiveness of the Report :
COVID-19 Impact on the Market.
11 Years Market Numbers.
Historical Data Starting from 2019 to 2022.
Base Year: 2022
Forecast Data until 2029.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.
Key Highlights of the Report :
GCC cafe and Coffee Market Overview
GCC cafe and Coffee Market Outlook
GCC cafe and Coffee Market Forecast
Historical Data and Forecast of GCC cafe and Coffee Market Revenues for the Period 2019-2029F
Historical Data and Forecast of GCC cafe Market Revenues, By Countries, for the Period 2019-2029F
Historical Data and Forecast of GCC Coffee Market Revenues, By Countries, for the Period 2019-2029F
Industry Drivers and Restraints
Industry Life Cycle
Porter’s Five Force Analysis
Impact Analysis of COVID-19
Industry Trends
Franchise Model
Consumer Behavioural and Preference Analysis
Key Performance Indicators
Competitive Benchmarking
Company Profiles
Key Strategic Recommendations
Market Scope and Segmentation :
The report provides a detailed analysis of the following market segments:
By Country :
Saudi Arabia
United Arab Emirates
Qatar
Kuwait
Oman
Bahrain.
Browse our full report with Table of Contents :
https://marketreportsonsaudiarabia.com/report/765078/gcc-cafe-and-coffee-market---share-size-industry-value-growth-revenue-analysis-trends-segmentation-outlook-covid--impact-market-forecast-by-country-saudi-arabia-united-arab-emirates-qatar-kuwait-oman-bahrain-and-competitive-landscape
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