In 2022, the situation has improved drastically in regards to the COVID-19 pandemic as the government of Qatar has eased most of its pandemic-related restrictions. This has increased both socialising and tourism, both of which boosts demand.
In 2022, Qatar, like most of its neighbouring countries, relaxed many of its COVID-19-related restrictions. This has led to an increase in foreign travel as well as domestic travel, which both boost the demand for snacks.
Most consumers eat three meals each day, while snacking is common and widely popular. Consumer spending on snacking was impacted by rising economic uncertainty towards the end of the review period but remains strong, reflecting Qatar’s affluent and busy consumer base and ongoing population growth.
Qatar has one of the highest GDP per capita in the world. This allows the affluent, rich segment of the population to not only be willing but also able to purchase a wide variety of snacks as a result.
Qatar being one of the richest countries in the world has witnessed tremendous investment and growth within its infrastructure, not only in the country’s capital but also in other developing cities such as Lusail. The most recent monumental breakthrough was the opening of the cost effective and well-connected metro system that only costs QAR2 per trip, and provides a lot of individuals not only greater mobility but also at a lower cost that they could not afford previously.
Over the forecast period, real household spending is expected to recover and grow year on year to see greater levels than both 2021 and 2022. This is primarily because with the vaccination drive going strong, low fatality rates and borders opening, tourism and spending activity is expected to pick up.
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This report originates from Passport, our Snacks research and analysis database.
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