Qatar Bakery Products Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.20 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Qatar Bakery Products Market Analysis
The Qatari bakery product market is projected to register a CAGR of 5.2% over the next five years.
- The bakery products market is experiencing substantial growth due to the increasing demand for ready-to-eat food products and the convenience associated with bakery goods. This trend is expected to continue during the forecast period. The accessibility and nutritional profile of bakery products are key factors responsible for their sustenance in the modern market. To capitalize on the growing demand for functional bakery products in Qatar, manufacturers primarily from the United Arab Emirates and Saudi Arabia are increasingly focusing on the potential market in Qatar and planning their business expansions.
- One of the contributing factors to the growth of the bakery products market is the frequent product launches with new formulations in biscuits, such as those that include nutrients like fats, fibers, and carbohydrates. Health-conscious consumers are demanding digestive biscuits that are rich sources of fiber and do not contain excessive sugar. Halal certification is also one of the most sought-after value additions among food players. The growing awareness of halal food and its positioning as hygienic and healthy food among both Muslim and non-Muslim communities has resulted in an increase in the consumption and acceptance of halal food over the medium term. This trend is expected to drive the demand for the bakery food product market segment in Qatar over the forecast period.
- Countries such as Qatar, which are renowned halal food manufacturing hubs, have witnessed various global food players making efforts to set up their bases in the region. Furthermore, the bakery products market is experiencing significant growth as players operating in the market continuously differentiate their offerings in terms of ingredients, flavors, composition, and packaging types.
Qatar Bakery Products Market Trends
Bread Dominated the Qatari Bakery Goods Market
- Due to the high consumption of bakery products in the country, bread has successfully gained the largest share of the market over the past few years. Additionally, the rising trends of "natural nutrition," "healthy living," and "organic products" have significantly increased consumers' demand for whole wheat, light, natural, and additive-free products. This factor is leading bread manufacturers to focus on value-added functional bakery products.
- In recent years, the growth in sales of packaged whole wheat, whole-meal, gluten-free, and natural products has been an important indication of the rise of a new and healthy living trend in the country. Therefore, bread manufacturers are leveraging the acceptance of regional bread specialties to create nutritional-added products to diversify their assortments.
- Fortified, clean-label, and organic bread are the preferred bread categories across the region, with the rise in health-conscious consumers. Furthermore, consumers are looking for hygienic, safe, quick, and convenient access to products, particularly considering their increasingly hectic lifestyles.
- In 2022, a Frontiers in Sustainable Food Systems research paper stated that adding buckwheat flour to bread can increase its antioxidant characteristics and sensory quality since it has the highest phenolic and flavonoid content. Consequently, the antioxidant properties of date pits could be utilized to increase the shelf life of food products.
- Therefore, there is an increasing demand for greater varieties of bread, such as ethnic bread and whole-meal bread, made with ingredients like oats, bran, seeds, etc. Baked goods such as bread and biscuits continue to enjoy their status as household staples, and their sales are driven by the fact that they constitute an essential part of the diet of time-poor consumers. Hence, these factors drive the market in this region.
Online and In-store bakery Stores Outpaced Other Distribution Channels
- A significant factor that has contributed to the growth of sales of bakery products through online retailing is the convenience it offers to consumers. With the online platform, consumers find it easier to choose their preferred brands and have access to a wide variety of flavors and product choices. In recent years, online stores have established themselves as convenient marketplaces that offer a wide range of bakery products, from cheaper local options to expensive imported ones.
- Online shopping has become increasingly popular for ordering bakery products such as cakes, bread, sweet biscuits, savory biscuits, and others. The COVID-19 pandemic boosted online businesses and sales, with people getting used to the convenience of online shopping and amplifying the overall sales of e-commerce platforms.
- As a result, companies are developing their website marketing strategies for bakery goods or collaborating with prominent online ordering and delivery platforms. However, offline retail stores are struggling to cope with the booming demand and long-term supply challenges. Therefore, brand manufacturers are increasing their online presence and collaborating with domestic suppliers to maximize their consumer base and reduce the supply-demand gap of frozen bakery products in the market.
- For example, the retail department of the multifaceted international LuLu Group International, LuLu Hypermarket, has established itself as a regional leader in the retail sector, with 201 outlets offering high-quality retailing to discerning customers throughout the Gulf area. LuLu's online channel offers various bakery products to its customers, delivering them right to their doorstep.
- In recent years, artisanal bakeries and cafes have gained prominence among upper- and middle-class consumers. Artisanal bread, pastries, and cakes have significantly benefited from their expansion into in-store bakeries in supermarkets, which play a pivotal role in driving the sector. In-store bakeries position artisanal products in prominent displays in attractive multi-portion packaging, aiming to generate impulsive purchases.
- Therefore, both in-store shopping and quick commerce are growing at a noteworthy pace in the region and holding a substantial market share. The above-mentioned factors act as major drivers for the market segment.
Qatar Bakery Products Industry Overview
The Qatari bakery product market is highly competitive in nature. Key players are opting for mergers and acquisitions as one of their key strategies to achieve consolidation and optimize their offerings. Some of the players have been expanding their geographical presence by acquiring or merging with manufacturers in foreign markets. The major players in this market include Korean Bakeries WLL, Yasmeen Sweets, Ummsaid Bakery, Wadia Group, MIDÌ SRL, and Valeo Foods Group.
Qatar Bakery Products Market Leaders
-
Korean Bakeries WLL
-
Yasmeen Sweets
-
Ummsaid Bakery
-
MIDÌ SRL
-
Wadia Group
*Disclaimer: Major Players sorted in no particular order
Qatar Bakery Products Market News
- Jan 2023: Mondelēz International announced the opening of the first permanent OREO Café outside of the USA and first in an airport located in Doha, Qatar's Hamad International Airport. The 116 sqm café in the new North Node features a selection of sweet inventions, including OREO milkshakes, muffins, and cheesecakes and a comprehensive savory food and beverage menu, while chefs create unique treats live at the café's OREO Creations Bar. The also concept features the OREO brand's electric signature blue, white and black, attracting transiting passengers with giant OREO furniture, digital walls, and a retail area.
- December 2022: Safari launched its "Bake and Cake" campaign. Safari, one of Doha's top retail hypermarket groups and provider of a broad selection of cakes and pastries, began its Cake Festival, Bake, and Cake promotions. The Cake Festival, which delivers a variety of cakes and pastries for Christmas and New Year's, was organized by Safari Bakery and Hot Foods.
Qatar Bakery Products Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
-
4.3 Industry Attractiveness - Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of New Entrants
- 4.3.4 Threat of Substitute Products and Services
- 4.3.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 Type
- 5.1.1 Cakes and Pastries
- 5.1.2 Biscuits and Cookies
- 5.1.3 Bread
- 5.1.4 Morning Goods
- 5.1.5 Other Types
-
5.2 Distribution Channel
- 5.2.1 Supermarkets/Hypermarkets
- 5.2.2 Convenience Stores
- 5.2.3 Specialty Stores
- 5.2.4 Online Retail Stores
- 5.2.5 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategies Adopted
- 6.2 Market Share Analysis
-
6.3 Company Profiles
- 6.3.1 Korean Bakeries WLL
- 6.3.2 Yasmeen Sweets
- 6.3.3 Ummsaid Bakery
- 6.3.4 Wadia Group
- 6.3.5 MIDI SRL
- 6.3.6 Valeo Foods Group
- 6.3.7 IFFCO
- 6.3.8 Behzad Group
- 6.3.9 Safari Bakery
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. ABOUT US
** Subject To AvailablityQatar Bakery Products Industry Segmentation
A bakery product is a food item that is typically made in a bakery or bakery-style kitchen. These products are usually baked goods such as bread, cakes, pastries, cookies, and muffins. Bakery products are usually made from flour, sugar, eggs, and other ingredients and can be sweet or savory.
The Qatari bakery product market is segmented by type into cakes and pastries, biscuits and cookies, bread, morning goods, and other types. The market is also segmented by distribution channel into supermarkets/hypermarkets, convenience stores, specialty stores, online retail stores, and other distribution channels.
The report offers market size and values in (USD million) during the forecasted years for the above segments.
Type | Cakes and Pastries |
Biscuits and Cookies | |
Bread | |
Morning Goods | |
Other Types | |
Distribution Channel | Supermarkets/Hypermarkets |
Convenience Stores | |
Specialty Stores | |
Online Retail Stores | |
Other Distribution Channels |
Qatar Bakery Products Market Research FAQs
What is the current Qatar Bakery Product Market size?
The Qatar Bakery Product Market is projected to register a CAGR of 5.20% during the forecast period (2024-2029)
Who are the key players in Qatar Bakery Product Market?
Korean Bakeries WLL, Yasmeen Sweets , Ummsaid Bakery, MIDÌ SRL and Wadia Group are the major companies operating in the Qatar Bakery Product Market.
What years does this Qatar Bakery Product Market cover?
The report covers the Qatar Bakery Product Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Qatar Bakery Product Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Qatar Bakery Products Industry Report
Statistics for the 2024 Qatar Bakery Products market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Qatar Bakery Products analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.