Definition:
The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.
Structure:
The market consists of 13 different markets:
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included. The out-of-home revenue data is only shown as a separate box at the market level.
For more information on the displayed data, click the info button on the right side of each box.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Jul 2024
Source: Statista Market Insights
Most recent update: Jun 2024
Sources: Statista Market Insights, Statista Consumer Insights Global
Most recent update: Sep 2024
Source: Statista Market Insights
The Food market in Qatar is currently experiencing minimal growth, influenced by various factors such as increasing health consciousness among consumers, convenience of online food services, and the diverse range of sub-markets including Dairy Products & Eggs, Meat, Fish & Seafood, Fruits & Nuts, Vegetables, Bread & Cereal Products, Oils & Fats, Sauces & Spices, Convenience Food, Spreads & Sweeteners, Confectionery & Snacks, Baby Food, Pet Food, Processed Vegetables, Fruit & Potatoes, and Pasta & Rice. These factors are shaping the growth of the market and driving the demand for different food products in Qatar.
Customer preferences: As Qatar's population becomes more health-conscious, there is a growing trend towards plant-based and organic food options. In addition, there is a rise in demand for locally sourced and sustainable products, highlighting the importance of ethical and environmentally friendly practices in the food industry. This shift in consumer preferences is also influenced by the increasing awareness of food allergies and intolerances, leading to a demand for specialized and allergen-free food products. As a result, food companies are adapting their offerings to cater to these evolving dietary preferences.
Trends in the market: In Qatar, The Food market is experiencing a shift towards healthier, more sustainable options. There is a growing demand for organic and locally sourced products, as well as a rise in plant-based diets. This trend is expected to continue as consumers become more health-conscious and environmentally aware. The significance of this trend lies in its potential to drive growth and innovation in the food industry, as well as promote sustainability and support local agriculture. Industry stakeholders must adapt to these changing preferences and offer more diverse and sustainable options to remain competitive in the market. This shift also presents opportunities for collaboration and partnership between local farmers and food businesses. With the government's support for sustainable food production, this trend is likely to have a positive impact on the overall food market in Qatar.
Local special circumstances: In Qatar, The Food market is heavily influenced by the country's geographical location as a major hub for international trade and its diverse population with a high percentage of expatriates. This has led to a wide range of international and local food options in the market. Additionally, the strict regulations on food safety and halal certification play a significant role in shaping the market. Furthermore, the cultural importance of food and the growing trend of healthy and organic options also impact consumer preferences in the market.
Underlying macroeconomic factors: The Food market in Qatar is heavily influenced by macroeconomic factors such as the country's economic stability, global trade policies, and government investments in the food industry. Qatar's strong economy, driven by its oil and gas reserves, has led to a high level of disposable income among its citizens, resulting in increased demand for high-quality food products. Additionally, the country's strategic location as a global trade hub and its favorable trade policies have enabled it to establish strong trade relations with other countries, further boosting its food market. Moreover, the government's investments in infrastructure and technology, particularly in the food industry, have improved the efficiency and competitiveness of the market. However, fluctuations in global food prices and trade tensions can also impact the market, highlighting the need for continuous monitoring and adaptation to ensure sustained growth.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights