Saudi Arabia Food Service Market By Type (Dining Service (Hotels, Restaurants), QSR (Quick Service Restaurants), Cafes, and Others (Cafeteria, Cloud Kitchen, etc.)), By Ownership (Standalone Outlets and Chained Outlets), By Domestic Vs. International Brands (Domestic Vs. International), By Region, Competition, Forecast & Opportunities, 2028
Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationThe Saudi Arabia food services market is really taking off! It's fueled by a growing population, especially young people who are always online and know all about the different food options out there. Because of this, the market's been booming and is expected to keep growing fast. People are increasingly wanting unique and personalized food experiences, which is a big driver. Plus, the rise of e-commerce and online platforms like food delivery apps are making it even easier to grab a bite. All this demand is creating some amazing opportunities for food manufacturers in the country!
The COVID-19 pandemic has had a significant impact on the Saudi Arabia food services industry. In 2020, after the government imposed a nationwide lockdown to stop the spread of the disease, fine dining services experienced a decline. While the quick service restaurant industry has partially recovered due to the rising demand for home delivery services, the fine dining industry has still not fully recovered. Even after receiving the COVID-19 vaccine, consumers continued to prefer eating at home and avoid fine dining establishments through the year 2021.
The sales in consumer foodservice are anticipated to further increase during the forecast period with the growing number of opportunities for the food service offering options other than restaurants, cafes, quick service restaurants with the wide range of audience from the various nations of about more than 7 million tourists who travel to Saudi Arabia each year to perform Hajj and Umrah.
Jeddah, which is home to at least 7% of the restaurants in the country, is one area that is particularly open to development. When compared to other cities, Jeddah not only displays a larger market but also reflects a higher level of spending, with average checks only trailing Makkah and exceeding Riyadh by nearly 30%.
Elevating Number of Food Court in Shopping Malls
Propelling Investments Within the Food Service Industry
Even though some big names are involved, the market's still pretty spread out. What's really driving growth? Well, more people are into casual dining, there's a huge appetite for fast food (and all its different versions), and food courts are popping up everywhere. Because of all this, expect companies to team up to really boost the market. For example, back in January 2022, Halwani Bros. Co. dropped around $53 million into Aquat Food Industries Co., which is basically a sister company to Albaik Food Systems Co. The plan? To use this deal to get all the locally-sourced food they need for Albaik restaurants over in Egypt. And who are the main players? You've got your usual suspects like Starbucks Corporation, McDonald's Corporation, Domino's Pizza, Inc., Papa John's International, Inc., and a bunch of other familiar brands.
Increasing Tourism and Hospitality Sector
Things are really looking up for tourism in the country! We're seeing more and more visitors, which is fantastic for local businesses. A new report, the World Tourism Organization (UNWTO) Tourism Barometer, says that the Hajj pilgrimage has been a huge driver, with Saudi Arabia's tourism sector growing by a whopping 121% compared to before the pandemic. The UNWTO also shared a list of the Arab countries that are most popular with tourists, and get this – Saudi Arabia welcomed over 18 million visitors in 2022 alone! All those tourists mean good things for hotels and restaurants, really boosting the food services market. And it's not just the big cities like Riyadh and Jeddah that are benefiting. Remember "Winter at Tantora" in Al Ula back in 2019? That's the north-western part of the Kingdom, home to Saudi Arabia's first UNESCO World Heritage site. Well, that event, with all its concerts and music, brought in a ton of cool temporary food trucks and pop-up restaurants like Anabelle's, Sass Café, and La Cantine. It was a real treat!
Market Segmentation
Saudi Arabia Food Service Market is segmented on the basis of type, ownership, distribution channel, regional distribution, and competitive landscape. Based on type, the market is further divided into dining service (hotels, restaurants), QSR (Quick Service Restaurants), cafes, and others (cafeteria, cloud kitchen, etc.). Based on ownership, the market is further segmented into standalone outlets and chained outlets. On the basis of region, the Saudi Arabia Food Service Market is divided into Western, Central, Southern, Eastern and Northern.
Market Players
Olayan Food Services Co. (OFS), Alamar Foods Company, Riyadh International Catering Corporation, Kudu Company for Food and Catering, ELBAIK Food Systems Company S.A., Herfy Food Services Co. JSC, AL-AHLIA RESTAURANTS CO., Mawarid Food Company Ltd., Shawaya House Restaurants Company, and Tanmiah Food Company are the key market players operating in the Saudi Arabia Food Service Market.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2023 and 2023-2028 |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | TypeOwnershipDomestic Vs. International BrandsRegion |
| Regional scope | Western, Central, Southern, Eastern and Northern |
| Key companies profiled | Olayan Food Services Co. (OFS), Alamar Foods Company, Riyadh International Catering Corporation, Kudu Company for Food and Catering, ELBAIK Food Systems Company S.A., Herfy Food Services Co. JSC, AL AHLIA RESTAURANTS CO., Mawarid Food Company Ltd., Shawaya House Restaurants Company, Tanmiah Food Company |
| Customization scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope
In this report, Saudi Arabia Food Service Market has been segmented into following categories, in addition to the industry trends which have also been detailed below
- Saudi Arabia Food Service Market, By Type
- Saudi Arabia Food Service Market, By Ownership
- Saudi Arabia Food Service Market, By Domestic Vs. International Brands
- Saudi Arabia Food Service Market, By Region
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