Saudi Arabia Food Service Market Size, Share, Future Trend, 2032

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The Saudi Arabia food service market size was valued at USD 29.16 billion in 2023 and is projected to grow from USD 31.69 billion in 2024 to USD 61.77 billion by 2032, exhibiting a CAGR of 8.70% during the forecast period.
The food service market in Saudi Arabia is growing at a rapid pace as the demand for home delivery services is rising each year across the country. Consumers across Saudi Arabia are also increasing their intake of takeaway foods. The number of food and shopping malls has grown tremendously across the country over the last few years. Saudi Arabia is also witnessing a strong rise in the trend of opening food outlets in shopping malls. These factors will boost the Saudi Arabia food service market growth.
Fortune Business Insights™ displays this information in a report titled, "Saudi Arabia Food Service Market, 2024-2032."
𝐆𝐞𝐭 𝐀 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐃𝐅: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/saudi-arabia-food-service-market-106896
𝐋𝐈𝐒𝐓 𝐎𝐅 𝐊𝐄𝐘 𝐂𝐎𝐌𝐏𝐀𝐍𝐈𝐄𝐒 𝐏𝐑𝐎𝐅𝐈𝐋𝐄𝐃 𝐈𝐍 𝐓𝐇𝐄 𝐑𝐄𝐏𝐎𝐑𝐓
• Starbucks Corporation (U.S.)
• Yum! Brands, Inc. (U.S.)
• McDonald's Corporation (U.S.)
• Restaurant Brands International Inc. (Canada)
• Domino's Pizza, Inc. (U.S.)
• Papa John's International, Inc. (U.S.)
• ALBAIK Food Systems Company Ltd. (Saudi Arabia)
• Herfy Food Services Co. JSC, KSA. (Saudi Arabia)
• KUDU Company for Food and Catering (Saudi Arabia)
• Hardee's Restaurants LLC (U.S.)
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
𝐕𝐚𝐬𝐭 𝐕𝐚𝐫𝐢𝐞𝐭𝐲 𝐢𝐧 𝐌𝐞𝐧𝐮 𝐭𝐨 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬' 𝐏𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐟𝐨𝐫 𝐅𝐮𝐥𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐑𝐞𝐬𝐭𝐚𝐮𝐫𝐚𝐧𝐭𝐬
Based on type, the market is segmented into full service restaurants, quick-service restaurants, institutes, and others. The full service restaurant segment captured a dominant Saudi Arabia food service market share as families and corporate gatherings prefer these restaurants due to their vast variety in menu.
𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐅𝐨𝐨𝐝 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐭𝐨 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐂𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐚𝐛𝐥𝐲 𝐃𝐮𝐞 𝐭𝐨 𝐓𝐡𝐞𝐢𝐫 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐍𝐞𝐭𝐰𝐨𝐫𝐤
By service type, the market is segmented into commercial and institutional. The commercial food service segment is anticipated to lead the market growth as more customers are visiting restaurants and cafes to dine out, which can prompt restaurant owners to expand their business operations.
𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞: https://www.fortunebusinessinsights.com/enquiry/get-a-quote/saudi-arabia-food-service-market-106896
𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:
The research report offers valuable insights into the market along with a detailed analysis of the market share, size, segmentation, and growth rate for all possible segments in the market. It also provides an in-depth analysis of the industry. It delivers vital insights, an overview of market dynamics, related markets, recent industry developments, such as mergers & acquisitions, SWOT analysis, leading market trends, regulatory scenario in key countries, and the competitive landscape of the market.
𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:
𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐁𝐫𝐚𝐧𝐝𝐬 𝐭𝐨 𝐄𝐱𝐩𝐚𝐧𝐝 𝐓𝐡𝐞𝐢𝐫 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐀𝐜𝐫𝐨𝐬𝐬 𝐒𝐚𝐮𝐝𝐢 𝐀𝐫𝐚𝐛𝐢𝐚
Several internationally acclaimed restaurants and hotel chains have established their base in Saudi Arabia. Some of these include The Cheesecake Factory, Cipriani, and Hakkasan. Moreover, a rising number of well-renowned chefs in Saudi Arabia are opening their restaurants in the country, further boosting the market growth. However, negative aspects associated with online food deliveries might slump the market progress.
𝐂𝐨𝐮𝐧𝐭𝐫𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
The food & beverage sector in Saudi Arabia is the largest in the Middle East region. As per data published by the Saudi Arabian General Authority for Investment (SAGIA), the country's average spending on food services is estimated to rise by 6% every year during the next 5 years. The demographic and social changes in the country are responsible for the market's growth.
𝐀𝐬𝐤 𝐅𝐨𝐫 𝐓𝐡𝐞 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/saudi-arabia-food-service-market-106896
𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:
𝐑𝐢𝐬𝐢𝐧𝐠 𝐓𝐨𝐮𝐫𝐢𝐬𝐦 𝐒𝐞𝐜𝐭𝐨𝐫 𝐭𝐨 𝐏𝐫𝐨𝐦𝐩𝐭 𝐓𝐨𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐭𝐨 𝐒𝐞𝐭 𝐔𝐩 𝐁𝐚𝐬𝐞 𝐢𝐧 𝐒𝐚𝐮𝐝𝐢 𝐀𝐫𝐚𝐛𝐢𝐚
The COVID-19 pandemic had a heavy impact on Saudi Arabia's food service industry. This made companies wary of entering the market as there was a high risk of incurring losses. However, as the market recovered from the outbreak, these firms focused on expanding their business operations, which helped the food service industry grow.
𝐍𝐨𝐭𝐚𝐛𝐥𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
𝐉𝐮𝐧𝐞 𝟐𝟎𝟐𝟐: Hardee's Restaurants LLC collaborated with Miso Robotics, an American robotics firm, to use robots across its restaurants in the Middle Eastern markets.

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This release was published on openPR.