Market Forecast By Product Types (Cakes and Pastries, Biscuits, Bread, Morning Goods & Others), By Distribution Channels (Hypermarkets/Supermarkets, Convenience Stores, Speciality Stores, Online Retailing & Others) and competitive landscape
Product Code: ETC002448 | Publication Date: Apr 2020 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Qatar Bakery Product market currently, in 2023, has witnessed an HHI of 1150, Which has decreased slightly as compared to the HHI of 1446 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Qatar Bakery Product Market report thoroughly covers the market by product types, and by distribution channels. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Qatar bakery product market has witnessed significant growth in recent years, owing to the increase in demand for convenience food products and the growing trend of healthy snacking among consumers. The bakery industry in Qatar is well-established and offers a wide range of products such as bread, pastries, cakes, cookies, and other confectionery items.
According to 6Wresearch, the Qatar Bakery Product Market size is estimated to reach at a CAGR of 6.3% during the forecast period 2024-2030. Growing demand for convenience food products with the increasing pace of urbanization and busy lifestyles, there has been a rise in demand for convenient and ready-to-eat food items. Bakery products provide an easy snacking option and are suitable for on-the-go consumption, thereby driving the growth of the market. Also, there has been a growing trend towards healthier food options, and bakery products have adapted to this by offering healthier alternatives such as whole-wheat bread, sugar-free cakes, and gluten-free pastries. This has attracted health-conscious consumers and contributed to the growth of the market. Qatar has one of the highest per capita incomes in the world, which has led to an increase in disposable income. This has resulted in consumers being more willing to spend on premium bakery products, driving the Qatar Bakery Product Market growth in the coming years at a massive rate.
The Qatari government has implemented several initiatives aimed at bolstering the bakery product market. These include subsidies on essential ingredients like flour and sugar, and encouraging local production through grants and easy loans to bakery businesses. Additionally, stringent quality control standards have been introduced to ensure the safety and healthiness of bakery products, further instilling consumer confidence in local brands.
Among the leading entities in Qatar’s bakery product market are Qatar Flour Mills, Almeera Consumer Goods (Q.P.S.C.), and Safari Mall Bakeries. These key players have capitalized on the growing market trends by expanding their product range, and introducing innovative flavors that cater to both locals and expats.
The Qatar bakery product industry is poised for continued growth, fueled by the upcoming FIFA World Cup 2022 and further urbanization. The event is expected to attract a significant number of tourists, further diversifying consumer preferences and boosting demand. Additionally, the market is likely to witness an increased emphasis on sustainability and eco-friendly packaging, responding to global environmental concerns and consumer demand for greener options.
According to Dhaval, Research Manager, 6Wresearch, Cakes and Pastries are the only category experiencing significant growth. This surge can be attributed to their widespread popularity among both local residents and international visitors, including those anticipated for the FIFA World Cup 2022.
Based on the distribution channel, Online Retailing stands out as the only channel witnessing substantial growth, fueled by the digital transformation sweeping across Qatar, coupled with the changing consumer behaviors accelerated by the COVID-19 pandemic. Consumers are increasingly valuing the convenience, variety, and accessibility that online shopping platforms offer.
The report offers a comprehensive study of the subsequent market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of The Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Qatar Bakery Products Market Overview |
3.1. Qatar Country Indicators |
3.2. Qatar Bakery Products Market Revenues, 2020-2030F |
3.3. Qatar Bakery Products Market Revenue Share, By Product Types, 2020-2030F |
3.4. Qatar Bakery Products Market Revenue Share, By Distribution Channels, 2020-2030F |
3.5. Qatar Bakery Products Market - Industry Life Cycle |
3.6. Qatar Bakery Products Market - Porter’s Five Forces |
4. Qatar Bakery Products Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Qatar Bakery Products Market Trends |
6. Qatar Bakery Products Market Overview, By Product Types |
6.1. Qatar Cakes and Pastries Market Revenues, 2020-2030F |
6.2. Qatar Biscuits Market Revenues, 2020-2030F |
6.3. Qatar Bread Market Revenues, 2020-2030F |
6.4. Qatar Morning Goods Market Revenues, 2020-2030F |
6.5. Qatar Others Market Revenues, 2020-2030F |
7. Qatar Bakery Products Market Overview, By Distribution Channels |
7.1. Qatar Bakery Products Market Revenues, By Hypermarkets/Supermarkets Distribution Channel, 2020-2030F |
7.2. Qatar Bakery Products Market Revenues, By Convenience Stores Distribution Channel, 2020-2030F |
7.3. Qatar Bakery Products Market Revenues, By Speciality Stores Distribution Channel, 2020-2030F |
7.4. Qatar Bakery Products Market Revenues, By Online Retailing Distribution Channel, 2020-2030F |
7.5. Qatar Bakery Products Market Revenues, By Other Distribution Channels, 2020-2030F |
8. Qatar Bakery Products Market - Key Performance Indicators |
9. Qatar Bakery Products Market - Opportunity Assessment |
9.1. Qatar Bakery Products Market Opportunity Assessment, By Product Types, 2026F |
9.2. Qatar Bakery Products Market Opportunity Assessment, By Distribution Channels, 2026F |
10. Qatar Bakery Products Market Competitive Landscape |
10.1. Qatar Bakery Products Market Revenue Share, By Companies, 2020 |
10.2. Qatar Bakery Products Market Competitive Benchmarking, By Operating & Technical Parameters |
11. Company Profiles |
12. Key Recommendations |
13. Disclaimer |