The UAE Subscription-based Meals Market report provides a detailed analysis of the market's current state, key players, emerging trends, and future growth prospects. The report is divided into several sections, each focusing on different aspects of the market, such as market size, geographical shares, competitive landscape, and market dynamics.
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UAE Subscription-based Meals Market Key Points and Findings (2024-2030)
UAE Subscription-based Meals Market Overview: -
The UAE Subscription-based Meals Market size is valued at USD 138.45 million in 2022 and is estimated to grow at a CAGR of around 4.2% during the forecast period, i.e., 2024-30. The market growth attributes to the increasing demand for ready-to-eat food products among the working individuals across the country. With the increasing middle-class population and the burgeoning working population at various commercial spaces & facilities, the demand for ready-to-eat and quick bites has been surging. The working populations have busy lifestyles with no or less time to prepare food, creating a demand for convenient, healthy, and freshly delivered food among the population surging demand for subscription-based meal offerings.
Regional Analysis:
- Dubai
- Abu Dhabi & Al Ain
- Sharjah & Northern Emirates
Top 10 Industry Competitors: UAE Subscription-based Meals Market
- MEALS ON ME CATERING SERVICES L.L.C
- Kcal
- Delicut
- Hello Chef
- Fitt Meals
- CurryFit
- Jetlagged Chef
- V Meals
- Right Bite
- Colour My Plate
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Market Segmentation:
Cuisine Type
> International/Wholesome- Market Size & Forecast 2019-2030, (USD Million)
> Indian- Market Size & Forecast 2019-2030, (USD Million)
> Arabic- Market Size & Forecast 2019-2030, (USD Million)
> Others- Market Size & Forecast 2019-2030, (USD Million)
Diet Type
> Vegan/Vegetarian- Market Size & Forecast 2019-2030, (USD Million)
> Pescatarian/Non-Vegetarian- Market Size & Forecast 2019-2030, (USD Million)
Function
> Fitness (Weight-Loss, Muscle Gain, etc.)- Market Size & Forecast 2019-2030, (USD Million)
> Regular Diet- Market Size & Forecast 2019-2030, (USD Million)
> Diabetic- Market Size & Forecast 2019-2030, (USD Million)
> Others (New Mums, etc.) - Market Size & Forecast 2019-2030, (USD Million)
Service Duration
> Weekly- Market Size & Forecast 2019-2030, (USD Million)
> Monthly- Market Size & Forecast 2019-2030, (USD Million)
> Quarterly- Market Size & Forecast 2019-2030, (USD Million)
UAE Subscription-based Meals Market Dynamics:
Key Factor Driving Market–
Surging Working Population in the Country – The UAE has a stong economy with various industries, commercial offices, and burgeoning job opportunities for the individuals across the globe. The sectors like construction, healthcare, finance etc., are growing rapidly across the country, which is increasing the working population from worldwide in the UAE. The government bodies are effectively focusing towards diversifying its economy, for which it is launching favorable policies for individuals, which is further increasing the number of working population in the country. This, in turn, is resulting in the increasing economy and rising working class population in the UAE. For Instance,
- In 2022, as per the World Bank, the population-to-employment ratio was about 91% which was a 2% increase from 2021.
This shift in working class population is leading to the increasing demand for convenient & time saving food options among the individuals. As the individuals have strict timelines & busy schedules due to demanding working condition, the time for cooking is barely left. This is surging the demand for ready to eat and easy to prepare meal options among consumers, which is delivered directly to their doorsteps. Thus, as the consumers are focusing & adopting the subscription-based meals the market growth is surging rapidly in the UAE.
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Frequently Asking Questions (FAQ’s):
- Which companies lead the UAE Subscription-based Meals Market?
- How will current trends shape the market in the coming years?
- What opportunities, challenges, and driving forces characterize the UAE Subscription-based Meals Industry?
- Which specific UAE Subscription-based Meals market segments should industry competitor target to capitalize on recent technological advancements?
- What is the projected growth rate of the UAE Subscription-based Meals market?
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