Kpmg food and beverage report 2018

Nowadays, consumer Markets are seeing change at a pace not witnessed ever before, offering new opportunities and challenges. Streamlining of food subsidies will result in less waste, which could slow growth of overall food demand.

kpmg food and beverage report 2018

Non-food and drink Five-year forecast The increase in demand for non-essential items will be supported by the early economic recovery. However, it will be tempered by the high level of unemployment, the rise in tax rates and the depressed level of real wages.

Consumers are likely to delay big-ticket purchases until the economic and political situation becomes stable. Consumer electronics. Thereis a growing trend of electronic consumer goods in Egypt, especially mobile phones and home-entertainment equipment, although high-end brands found in the West are too expensive for most consumers.

However, the sale of electronic goods in the short term will meet a host of obstacles, including rising youth unemployment, further devaluation of the local currency and weak economic growth on the back of the rocky political transition. How can we help? KPMG inEgypt, with its vast repertoire of skill sets and resources, is aptly positioned to offer clients an array of services.

These services include business. Save what resonates, curate a library of information, and share content with your network of contacts. You've been a member since. Request for proposal. Skip to content. Video Icon. Please note that your account has not been verified - unverified account will be deleted 48 hours after initial registration. Click anywhere on the bar, to resend verification email. KPMG Personalization. Get the latest KPMG thought leadership directly to your individual personalized dashboard.

Register now Login. Close Notice of updates! Since the last time you logged in our privacy statement has been updated. We want to ensure that you are kept up to date with any changes and as such would ask that you take a moment to review the changes. You will not continue to receive KPMG subscriptions until you accept the changes. Close Hi! Our privacy policy has been updated since the last time you logged in.

We want to make sure you're kept up to date. Please take a moment to review these changes. You will not receive KPMG subscription messages until you agree to the new policy. Ignore and log out. This would be mainly due to population growth, increasing incomes and enhanced consumer confidence on the back of increased political stability. A higher average income since mid has led to an increase in household spending and consumer and business confidence.

The majority of Egyptians will continue to shop in small, independent local stores or markets, buying fresh products daily. However, the small and growing upper-middle class will drive demand for more organised retail channels, such as supermarkets and malls. Consumer electronics Thereis a growing trend of electronic consumer goods in Egypt, especially mobile phones and home-entertainment equipment, although high-end brands found in the West are too expensive for most consumers.

These services include business effectiveness, IT advisory, financial risk management, people management, accounting advisory, mergers and acquisition, audit and tax advisory.Anurag Bajpai. Vikrant Rohatgi. Interviews for the report were conducted during the third and fourth quarters ofand included both qualitative and quantitative data collection. All rights reserved. Printed in the United Arab Emirates. Request for proposal. Skip to content. Video Icon. Please note that your account has not been verified - unverified account will be deleted 48 hours after initial registration.

Click anywhere on the bar, to resend verification email. KPMG Personalization. Get the latest KPMG thought leadership directly to your individual personalized dashboard. Register now Login. Close Notice of updates! Since the last time you logged in our privacy statement has been updated. We want to ensure that you are kept up to date with any changes and as such would ask that you take a moment to review the changes.

You will not continue to receive KPMG subscriptions until you accept the changes. Close Hi! Our privacy policy has been updated since the last time you logged in. We want to make sure you're kept up to date. Please take a moment to review these changes. You will not receive KPMG subscription messages until you agree to the new policy.

Ignore and log out. Related content. Connect with us Find office locations kpmg. Want to do business with KPMG? Print friendly version.Learn about key business areas to which we believe physician practice leaders have shifted their focus in efforts to navigate through this uncertain environment. See why PE firms are actively investing in fire and safety businesses. Beverage companies should look beyond their core businesses and become more nimble at implementing new strategies to mitigate market headwinds.

How low-and no-alcohol beverages are transforming the industry. The healthcare services industry is rapidly evolving as providers seek to provide better outcomes, lower costs and create a better patient experience. Business Services. Industrial Markets. Capital Advisory. Services Industries Insights Transactions Contacts. Cardiology Market at a glance More. Focus areas for physician practice leadership Learn about key business areas to which we believe physician practice leaders have shifted their focus in efforts to navigate through this uncertain environment.

Taking root Plant based beverages are tapping into mainstream channels More. Top beverage trends and insights Beverage companies should look beyond their core businesses and become more nimble at implementing new strategies to mitigate market headwinds. Beyond beer How low-and no-alcohol beverages are transforming the industry. Load more. Archived newsletters. Find out more.The expansion has been further fuelled by the continued investment in a number of new and large retail destinations.

The survey showed that 66 per cent of respondents eat dinner out at least once during the week. Food consumed in the region is likely to reach You can manage them any time by clicking on the notification icon.

This section is about Living in UAE and essential information you cannot live without. By clicking below to sign up, you're agreeing to our Terms of Use and Privacy Policy. Monday, October 12, Business Retail. All Sections. The average spend on eating out per person in the UAE is Dh, as per the report. More From Retail. New massive dining destination launches in DIFC. UAE's chefs are making local farm-to-table happen. Saudi wealth fund in talks to buy stake in Lulu.

Airfare from Dubai to India drops, but few are buying. Latest In. Covid has triggered a growing need for self-care 1 hour ago. This website stores cookies on your computer. These cookies are used to improve your experience and provide more personalized service to you.

Both on your website and other media.The restaurant footprint, number of restaurants per million residents in Dubai remains high, second only to Paris. Despite this, the sector has demonstrated resilience as owners and operators have responded with measures to drive operational efficiencies, and take difficult but essential decisions.

We step into with a cautiously optimistic medium-term outlook for the sector, bolstered by trends such as delivery-led revolution and expectations around Expo — over 4 out of 5 operators we surveyed expect growth in the medium-term. According to the report, among all formats in the UAE, quick-service restaurants QSRs were more popular in due to value-seeking customers. For premium dining outlets, relatively steady patronage for certain popular brands and concepts continued, with hotel-based premium licensed offerings facing increased competition from licensed non-hotel outlets.

The report also found that the delivery segment witnessed year-on-year growth and use of rental kitchens is a trend that is picking up in the UAE. As many as 32 percent of operators versus 21 percent last year attribute more than a quarter of their revenue to the delivery channel.

Consumer & Retail Markets

Many investments were aimed at operational improvements and local expansion of the winners in their existing portfolios. More than half of operators believe Expo will have a favorable impact and the event has the potential to provide a much-needed fillip to the industry. Further, more than one third of operators currently plan to directly participate by establishing a presence at the site. We operate in countries and territories and havepeople working in member firms around the world.

Each KPMG firm is a legally distinct and separate entity and describes itself as such. These stakeholders included operators representing more than brands and approximately 1, outlets. Interviews were conducted during the third and fourth quarters ofand included both qualitative and quantitative data collection.

All rights reserved. Printed in the United Arab Emirates. Request for proposal. Skip to content. Video Icon. Please note that your account has not been verified - unverified account will be deleted 48 hours after initial registration.

Click anywhere on the bar, to resend verification email. KPMG Personalization. Get the latest KPMG thought leadership directly to your individual personalized dashboard. Register now Login. Close Notice of updates! Since the last time you logged in our privacy statement has been updated. We want to ensure that you are kept up to date with any changes and as such would ask that you take a moment to review the changes. You will not continue to receive KPMG subscriptions until you accept the changes.

Close Hi! Our privacy policy has been updated since the last time you logged in. We want to make sure you're kept up to date.

kpmg food and beverage report 2018

Please take a moment to review these changes. You will not receive KPMG subscription messages until you agree to the new policy.New report says food and beverage operators in the UAE have responded to headwinds facing the industry. Food and beverage operators in the UAE have responded to headwinds facing the industry by enhancing operations and rationalising costs to maintain margins, while opting to exit loss-making outlets and struggling brands, according to new research.

It added that the restaurant footprint - the number of restaurants per million residents - in Dubai remains high, second only to Paris.

kpmg food and beverage report 2018

According to the report, among all formats in the UAE, quick-service restaurants were more popular in due to value-seeking customers. For premium dining outlets, relatively steady patronage for certain popular brands and concepts continued, with hotel-based premium licensed offerings facing increased competition from licensed non-hotel outlets.

The report also found that the delivery segment witnessed year-on-year growth and use of rental kitchens is a trend that is picking up in the UAE. As many as 32 percent of operators versus 21 percent last year attribute more than a quarter of their revenue to the delivery channel. Despite this, the sector has demonstrated resilience as owners and operators have responded with measures to drive operational efficiencies, and take difficult but essential decisions.

More than half of operators believe Expo will have a favorable impact and the event has the potential to provide a much-needed fillip to the industry. Further, more than one third of operators currently plan to directly participate by establishing a presence at the site.

UAE F&B players look to enhance operations in 2019: KPMG report

Keep supporting great journalism by turning off your ad blocker. Questions about why you are seeing this? Contact us. Home Lifestyle Gourmet. Sat 2 Mar AM. Revealed: how strong is the UAE restaurants scene? Arabian Business: why we're going behind a paywall. Real news, real analysis and real insight have real value — especially at a time like this. Unlimited access ArabianBusiness. Click here for more details.

Restaurant review: Roberto's ruined our keto diet and we loved every minute of it.Preparing for the new reality and four key trends that retail executives should focus on as they rebuild their business. Many of our most innovative solutions are specifically designed to support greater customer-centricity, including:. This international network of industry-focused professionals means that our clients throughout the world have access to global industry insights, leading practices and the latest innovative solutions, regardless of company size or location.

Contact us at consumer kpmg. Save what resonates, curate a library of information, and share content with your network of contacts. You've been a member since. Interviews consumer and retail executives about what drives their business. Request for proposal. Skip to content. Video Icon. Please note that your account has not been verified - unverified account will be deleted 48 hours after initial registration.

Click anywhere on the bar, to resend verification email. KPMG Personalization. Get the latest KPMG thought leadership directly to your individual personalized dashboard. Register now Login. Close Notice of updates! Since the last time you logged in our privacy statement has been updated. We want to ensure that you are kept up to date with any changes and as such would ask that you take a moment to review the changes.

You will not continue to receive KPMG subscriptions until you accept the changes. Close Hi! Our privacy policy has been updated since the last time you logged in. We want to make sure you're kept up to date. Please take a moment to review these changes. You will not receive KPMG subscription messages until you agree to the new policy. Ignore and log out. Global retail trends Global retail trends Preparing for the new reality and four key trends that retail executives should focus on as they rebuild their business.

Save, Curate and Share Save what resonates, curate a library of information, and share content with your network of contacts. Social media facebook. Opens in a new window linkedin.

Opens in a new window twitter. Opens in a new window youtube. Opens in a new window. Customer strategy First person: In conversation with Alexandre Ricard Do 'sin taxes' change anything?

Immersed in luxury Getting customer centricity right is hard, but essential Read more. Digital transformation Let the user guide you Robots and AI in retail Connected home of the future PepsiCo on technology-driven transformation Read more. Supply chain Food fraud If you don't reinvent your supply chain, your customers will Can your supply chain deliver?

Future proof your reverse logistics Read more.


comments

Leave a Reply

Your email address will not be published. Required fields are marked *