The full-service restaurants revenue is expected to reach US2.34 billion in 2022, up from US$1.94 billion recorded in 2018; The coffee and tea sector revenue is estimated to reach US$705 million next year, up from US$584.5 million; The total number of operational restaurants and cafes in the emirate of Dubai reached 11,813 at the end of 2018; The global restaurant and foodservice industry is wortharound US$34.25 billion and is estimated to grow to US$56.3 billion by 2027; According to estimates for 2020, the worldwide number of foodservice establishments was around 23.13 million.Only around 300,000 of those were based in the Middle East and Africa. The fast-food service sector is expected to grow at 5.8 percent per year to US$4.51 billion in 2022, up from US$3.66 billion in 2018, according to a report by Statista.com, a digital market intelligence provider. The news comes as experts join the key industry stakeholders at the Middle East’s first Fast-Food & Café Convention taking place at the Conrad Dubai Hotel, where more than 300 delegates discuss the future of the industry and how to steer its growth amid changing global economic environment. The event is supported by Dubai Restaurant Group (DRG). The full-service restaurants revenue in the UAE is expected to reach US$2.34 billion in 2022, up from US$1.94 billion recorded in 2018, while the sales revenue of the coffee and tea shops is estimated to reach US$705 million next year, up from US$584.5 million. The ice cream parlour market is the smallest, with revenue expected to reach US$42.2 million in 2022, up from US$35.4 million in 2018, the report showed. The total number of operational restaurants and cafés in the emirate of Dubai reached 11,813 at the end of 2018, according to the Department of Economic Development (DED), making Dubai the food capital of the Middle East. In 2018, the number of fast-food chain outlets in the UAE reached 996, followed by coffee and tea shops at approximately 850 outlets. “Regardless of how the society shapes up in future, consumers will continue to dine out, drink tea or coffee – or a karak chai – depending on their lifestyle choice. This is by far a very important sector that generates a fair amount of revenue. This event provides a platform for F&B operators and suppliers to come together to discuss their concerns and share insights & knowledge, to pave a way forward,” Mini Jacob, Co-Founder of Oddbox, organiser of the Fast-Food & Café Convention. “The outbreak of COVID-19 pandemic created challenges as well as opportunities for the sector. It is important to discuss what worked and what didn’t for different operators, while keeping the ever-changing needs of the customers in mind.” The day-long Fast Food & Café Convention will feature key industry officials including Andy Holman, CEO of Eathos; Tapan Vaidya, CEO of Papa Johns in UAE and Saudi Arabia; George Kunnapally, Managing Director of Nando’s; Karim Hajjali, CEO of Foodquest; Mohammad Al Madani, Chairman and CEO of Al Madani Group; Georgy John, COO of Gastronomica ME, Ian Ohan, Founder & Chief Executive of Krush Brands, Wendy Westbury, Senior Real Estate Director of Americana Restaurants among others – who will discuss key issues faced by the industry and the way forward. The Fast Food & Café Convention was launched in 2017 in India with an ambitious vision to create a platform for all stakeholders in the Quick-Service Restaurant (QSR), Café, Fast-Food, Casual Dining, Cloud Kitchen, and the Food and Beverage industry. Following its success in India, Oddbox has launched the Middle East edition in Dubai, to be co-located with the Middle East Retail Forum at Conrad Dubai Hotel. Innovation, technology adoption, cloud kitchen, shift in consumer behaviour and new modes of digital marketing are some of the key industry trends that came under radar at the event. “As the economies recover from the COVID-19 pandemic, the UAE leads the recover with its effective handling of the pandemic. With the faster return to normalcy and the opening of the country’s borders to coincide with the Expo 2020, it makes a perfect case for the launch of the Middle East edition of the Fast Food & Café Convention in Dubai,” Mini Jacob says. “At the Fast Food & Café Convention, delegates will get a clear direction to where the industry is heading, including any challenges and opportunities – so that the participants can re-think their growth strategy.” The global restaurant and foodservice industry is worth around US$34.25 billion and is estimated to grow to US$56.3 billion by 2027. According to estimates for 2020, the worldwide number of foodservice establishments was around 23.13 million. Only around 300,000 of those were based in the Middle East and Africa, says Statista. With the high purchasing power capacity of the UAE residents, the market is becoming more robust with every passing day. Food outlets in the UAE have now become synonymous with a place to celebrate occasions and enjoy with family members. High disposable income, cosmopolitan environment, diverse dining choice from Mexican to Korean, the UAE is a haven for diners – from fast-food to casual dining to fine-dining – the country offers the best when it comes to the choice of food and dining experience. A report by Mordor Intelligence shows close to 32 percent Emiratis are willing to spend Dh100-300 while eating out. Those willing to spend Dh 50-100 is about 39 percent. In 2018, within the restaurant subsector, fast food restaurants had the largest sales value in the United Arab Emirates (UAE) at approximately US$ 3.6 billion. Fast food restaurants were expected to reach a sales value of approximately 4.5 billion U.S. dollars in 2022, followed by full-service restaurants at a sales value of approximately 1.9 billion U.S. dollars in 2018. The Fast Food & Café Convention is partnered by Deliverect, Reza Hygiene, Eighty6, Red Bull, Ecolab, Grub Tech, Vio Life, among others. -Ends- About Fast Food & Café Convention The Fast Food & Café Convention was launched in 2017 as a platform for all stakeholders in the QSR, Cafe, Fast Casual, Cloud Kitchen, casual dining and the F&B industry to come together. After five successful editions in India, we are overwhelmed by the staggering support from the industry. Having established our footprint in India, we believe it was time for us to take this platform to the international food service community. We struggled with the big question – Where Next? We dug in and our research corroborated our choice of city – Dubai! We found that the sector in MENA was showing a lot of resilience and promising growth especially in QSRs, Cafes, Fast Casual, Casual Dining, Ghost & Dark Kitchens. And this is precisely what brought us to this part of the world. Needless to say, the challenges faced by the QSR & Café industry and more recently the burgeoning Cloud/Dark Kitchens are unique and very often unlike the rest of the hospitality industry. Add to that, the after effects of a global pandemic! Which is precisely why there’s a need for a platform like this that brings this amazing community together, to share and overcome concerns, for business advancement. Media Contact Pan Asian Media Address and Contact Details Contact Person Muhammad Yusuf Company Address P.O. Box 39865, Dubai, UAE Email : email@example.com Send us your press releases to firstname.lastname@example.org © Press Release 2021 Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. 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