Exploring Saudi Arabia Food Service Market Opportunity, Latest Trends, Demand, and Development By 2030- MarkNtel Advisors

 According to Markntel Advisors Report, Saudi Arabia Food Service Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

The food service industry consists of businesses that prepare and supply food items to customers through takeaways, dine-in, or delivering them to their homes. These businesses are mainly restaurants or catering service providers.

 

Global Saudi Arabia Food Service Market Research Report & Summary:

The Saudi Arabia Food Service Market size was valued at around USD 29 billion in 2024 and is projected to reach USD 50 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 9.5% during the forecast period, i.e., 2025-30 

Time Period Captured in the Report:

·         Historical Years: 2020-2023

·         Base Years: 2024

·         Forecast Years: 2025-2030

Who are the Key Players Operating in the Saudi Arabia Food Service Market?

The top companies of the Saudi Arabia Food Service Market ruling the industry are: 

Herfy, AlBaik, Gulf Catering Company, Starbucks, Pizza Hut, McDonald’s, Kudu Food and Catering, Dunkin’ Donuts, Americana Restaurants International PLC, Shawarmer

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Saudi Arabia Food Service Industry Recent Development:

·         2024: Dunkin’ Donuts opens its new outlet in Riyadh. With this outlet, the company has completed its 800 outlets in Saudi Arabia.

What is Included in Saudi Arabia Food Service Market Segmentation?

The Saudi Arabia Food Service Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-By Type

-Full Service Restaurants- Market Size & Forecast 2020-2030, USD Million

-Quick Service Restaurants- Market Size & Forecast 2020-2030, USD Million

-Catering- Market Size & Forecast 2020-2030, USD Million

-By Cuisine

-Middle Eastern Cuisine- Market Size & Forecast 2020-2030, USD Million

-Asian Cuisine- Market Size & Forecast 2020-2030, USD Million

-Western Cuisine- Market Size & Forecast 2020-2030, USD Million

-Fast Food Casual & International Chains- Market Size & Forecast 2020-2030, USD Million

-Others (Fusion Cuisine, Street Food, Organic, etc.)- Market Size & Forecast 2020-2030, USD Million

-By Service Type

-Dine-In- Market Size & Forecast 2020-2030, USD Million

-Takeaway- Market Size & Forecast 2020-2030, USD Million

-Home Delivery- Market Size & Forecast 2020-2030, USD Million

-By Outlet

-Chained- Market Size & Forecast 2020-2030, USD Million

-Independent- Market Size & Forecast 2020-2030, USD Million

-By Region

-West

-East

-South

-North

-Central

Explore the Complete Saudi Arabia Food Service Market Analysis Report – https://www.marknteladvisors.com/research-library/saudi-arabia-food-service-market.html

Market Dynamics -Global Saudi Arabia Food Service Market:

Large Population with High Disposable Income – Most people in Saudi Arabia have high net income and leading to changes in their lifestyle. For instance, the GDP per capita in 2024 was around USD27,018 and has increased continuously over the past years. As a result, people are more inclined towards spending on food services as they are more likely to taste a variety of foods from various cuisines. This also aligns with people who are working and do not want to cook. Additionally, the home delivery services provided by various food service providers further support the demand of such customers.

Moreover, the residents from other countries with high incomes, either tourists or working people, want food from their home cuisines. Although they are expensive as compared to local cuisines, they spend on food services that can provide them with the same. Therefore, due to the high income, people spend on out-of-home food to avoid cooking at home or to eat food from their favorite cuisines, and this trend is expected to continue in the coming years as well.

Increasing Establishment of International Companies – There is a notable increase in the number of foreign companies that are coming to Saudi Arabia to set up their offices and headquarters. For instance, in the first half of 2024, there were approximately 184 companies that got licenses to relocate or set up their headquarters in Saudi Arabia. This shows about an 84% increase as compared to the previous year. As a result, there will be high demand for food services in these companies. Additionally, during non-working hours too, these people will be inclined to eat food from their favorite cuisines. Therefore, increase in the number of companies and expansion of industries are increasing the demand for food service, and as more such companies are likely to be established in Saudi Arabia, they will generate growth opportunities for the food service providers.

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