Cinema Concessions - GCC

GCC

Highlights

In the GCC, revenue in the Cinema Concessions market market is projected to reach US$449.90m in 2024.
Revenue is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 4.73%, resulting in a projected market volume of US$567.00m by 2029.
In this market, the number of viewers in the GCC is anticipated to amount to 14.3m users by 2029.
User penetration in the GCC will be 19.8% in 2024 and is expected to increase to 22.4% by 2029.
The average revenue per viewer in the GCC is expected to amount to US$37.59.
In a global context, most revenue will be generated the United States, where it is expected to reach US$9.88bn in 2024.
In the GCC, cinema concessions are increasingly embracing gourmet offerings, reflecting a shift towards elevated consumer experiences in the entertainment sector.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Cinema Concessions market in GCC has been experiencing significant growth in recent years.

Customer preferences: Customers in the GCC region have shown a strong preference for a wide variety of concessions at cinemas. Popcorn, soft drinks, and candy are among the most popular items, but there is also a growing demand for more diverse options such as nachos, hot dogs, and ice cream. Customers enjoy having a range of choices to enhance their movie-going experience, and they are willing to pay a premium for these concessions.

Trends in the market: One of the key trends in the GCC Cinema Concessions market is the increasing focus on premium and gourmet offerings. Cinemas are now offering high-quality, gourmet popcorn with unique flavors such as truffle, caramel, and cheese. This trend is driven by the desire to provide customers with a more luxurious and indulgent experience. Additionally, there is a growing demand for healthier options such as organic popcorn, fresh fruit juices, and gluten-free snacks. Cinemas are adapting to these trends by expanding their menu options and partnering with premium food and beverage brands. Another trend in the market is the integration of technology. Cinemas are leveraging technology to enhance the convenience and efficiency of the concessions experience. This includes implementing self-service kiosks for ordering and payment, as well as mobile apps for pre-ordering concessions and skipping the queue. These technological advancements not only improve the customer experience but also help cinemas increase their revenue by streamlining operations and reducing waiting times.

Local special circumstances: The GCC region has a unique cultural environment that influences the Cinema Concessions market. The region has a rich culinary heritage, and customers have high expectations when it comes to food and beverages. Cinemas in the GCC need to cater to these preferences by offering a wide range of options that are not only delicious but also meet the cultural and dietary requirements of the local population. For example, cinemas may offer traditional Arabian snacks and beverages alongside international options to cater to the diverse tastes of their customers.

Underlying macroeconomic factors: The growth of the Cinema Concessions market in the GCC can be attributed to several underlying macroeconomic factors. Firstly, the region has been experiencing strong economic growth, which has led to an increase in disposable income. As a result, people are willing to spend more on leisure activities such as going to the cinema and indulging in concessions. Additionally, the GCC has a young and growing population, which further drives the demand for entertainment options like cinemas. Lastly, the region has been investing heavily in the entertainment industry, including the development of world-class cinemas and entertainment complexes. This infrastructure development has created opportunities for cinemas to expand their concessions offerings and attract more customers. In conclusion, the Cinema Concessions market in the GCC is growing due to customer preferences for a wide variety of concessions, the trend towards premium and gourmet offerings, the integration of technology, the unique cultural environment, and underlying macroeconomic factors such as strong economic growth and infrastructure development.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the Cinema market, which comprises revenues from box office, advertsing and concessions. The market includes both consumer and advertising spending. All monetary figures refer to consumer spending on tickets and concessions. This spending factors in discounts, margins, and taxes.

Modeling approach / market size:

The market size is determined through a bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Consumer Insights), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as various macroeconomic indicators, historical developments, current trends, and reported performance indicators of key market players. In particular, we consider average prices and annual purchase frequencies.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Consumer Insights data is reweighted for representativeness.