Saudi Arabia Food Service Market Growth, Size, Trends, Demand, Revenue and Future Outlook
Saudi Arabia Food Service Market Size- By Type, By Service Type, By Restaurant Type, By Cuisine Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jun-2024 | Report ID: FOOD2470 | Pages: 1 - 108 | Formats*: |
| Category : Food & Beverages | |||
Saudi Arabia Food Service Market Introduction and Overview
According to SPER Market Research, the Saudi Arabia Food Service Market is estimated to reach USD 61.36 billion by 2033 with a CAGR 9.63%.
The report includes an in-depth analysis of the Saudi Arabia Food Service Market, including market size and trends, product mix, distribution channels, and supplier analysis. The term "foodservice" describes the business and method of handling, preparing, and serving food and drinks outside of homes. It includes a broad variety of places and situations, such as eateries, cafeterias, hotels, catering services, and institutional food facilities, such as medical centers and educational institutions. Providing consumers with meals that are not only tasty and fulfilling but also healthy and safe is the main objective of the foodservice industry.
- In March 2023, Fawaz Abdulaziz Al Hokair & Sons collaborated with Nathan & Nathan KSA. As a result of this agreement, both organizations' resources and skills will be combined, their active customer bases will grow faster, and future prospects to offer unmatched professional services to clients throughout the Kingdom will be supported.
- In February 2023, 400 Starbucks locations around Saudi Arabia will receive freshly baked goods and packaged goods from a new production facility built by Alshaya Group. By the end of 2023, Alshaya Group, which runs over 1,000 Starbucks locations in the Middle East, intends to expand the website's distribution to over 500 Starbucks locations.
Market Opportunities and Challenges
Opportunities: The country's growing demand for home delivery services as well as its rising takeout food consumption are responsible for the food service market's notable rise in Saudi Arabia. In addition, Saudi Arabia has seen a sharp increase in the quantity of food and retail malls in recent years. Over the past ten years, the practice of establishing food outlets in malls—previously restricted to the nation's largest cities—has extended to tier 2 and tier 3 cities. As a result, the market will grow more quickly as there are more restaurants and outdoor dining becomes more popular. Furthermore, The largest category is quick-service restaurants, which is expected to grow at a compound annual growth rate (CAGR) of 9.08% in terms of value over the forecast period. The market is dominated by cuisines that use meat. The popularity of foreign cuisines, particularly meat-based meals from various cultures like Turkish kebabs, Indian curries, and American-style burgers, has also increased recently.
Challenges: The majority of customers have embraced the newest trend in the food service business, which is online meal ordering. Customers may be cautious to use this method due to a few drawbacks associated with online meal ordering, though. The fact that the quality of food delivered is frequently worse than that of restaurants is one of the issues with food delivery services. Additionally, the food service industry is extremely competitive, with businesses ranging from upscale restaurants to street vendors. In order to stand out in a competitive market, businesses must continue to innovate, provide outstanding customer service, and engage in significant marketing initiatives, which may be challenging for both new and established players. Shifting Consumer Preferences: Consumers are searching more and more for food options that are good for their health, sustainable, and ethically sourced.
Market Competitive Landscape
The top five companies hold major share of the fragmented Saudi Arabian foodservice market. Americana Restaurants International PLC, Herfy Food Service Company, ALBAIK Food Systems Company S.A., M.H. Alshaya Co. WLL, and The Olayan Group are the leading companies in this market.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Service Type, By Restaurant Type, By Cuisine Type |
| Regions covered | Eastern, Western, Southern, Northern |
| Companies Covered | Al Tazaj Fakeih, AlAmar Foods Company, ALBAIK Food Systems Company S.A., Americana Restaurants International PLC, Apparel Group, Fawaz Abdulaziz AlHokair Company, Galadari Ice Cream Co Ltd LLC, Herfy Food Service Company, Kudu Company For Food And Catering, LuLu Group International, M.H. Alshaya Co. WLL, Reza Food Services Company Limited, Others |
COVID-19 Impact on Saudi Arabia Food Service Market
Covid-19 has had a huge impact on the food and beverage industry. Strict government measures, such as lockdown in Saudi Arabia, caused production facilities and distribution networks to close, severely impacting the foodservice industry. This trend is probably going to last till the end of 2020 since people would rather eat food made at home than go out. The food service sector will be severely threatened by this, and it will likely take some time for it to recover.
Key Target Audience:
- Restaurants and Cafes
- Hotels and Resorts
- Fast Food Chains
- Catering Companies
- Institutional Catering (e.g., hospitals, schools)
- Food Delivery Services
Our in-depth analysis of the Saudi Arabia Food Service Market includes the following segments:
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| By Service Type: |
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Key Topics Covered in the Report:
- Saudi Arabia Food Service Market Size (FY’2024-FY’2033)
- Overview of Saudi Arabia Food Service Market
- Segmentation of Saudi Arabia Food Service Market By Type (Full Service Restaurants, Institutes, Quick Service Restaurants, Others)
- Segmentation of Saudi Arabia Food Service Market By Service Type (Dine-In, Takeaway, Delivery)
- Segmentation of Saudi Arabia Food Service Market By Restaurant Type (Chain, Independent)
- Segmentation of Saudi Arabia Food Service Market By Cuisine Type (Western Cuisine, Middle Eastern Cuisine, Asian Cuisine, Others)
- Expansion Analysis of Saudi Arabia Food Service Market
- Problems and Obstacles in Saudi Arabia Food Service Market
- Competitive Landscape in the Saudi Arabia Food Service Market
- Impact of COVID-19 and Demonetization on Saudi Arabia Food Service Market
- Details on Current Investment in Saudi Arabia Food Service Market
- Competitive Analysis of Saudi Arabia Food Service Market
- Prominent Players in the Saudi Arabia Food Service Market
- SWOT Analysis of Saudi Arabia Food Service Market
- Saudi Arabia Food Service Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Saudi Arabia Food Service Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Saudi Arabia Food Service Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Food Service Market
7. Saudi Arabia Food Service Market, By Type (USD Million) 2020-2033
7.1. Saudi Arabia Food Service Market Size, Share and Forecast, By Type, 2020-20267.2. Saudi Arabia Food Service Market Size, Share and Forecast, By Type, 2027-20337.3. Full Service Restaurants7.4. Institutes7.5. Quick Service Restaurants7.6. Others
8. Saudi Arabia Food Service Market, By Service Type (USD Million) 2020-2033
8.1. Saudi Arabia Food Service Market Size, Share and Forecast, By Service Type, 2020-20268.2. Saudi Arabia Food Service Market Size, Share and Forecast, By Service Type, 2027-20338.3. Dine-In8.4. Takeaway8.5. Delivery
9. Saudi Arabia Food Service Market, By Restaurant Type (USD Million) 2020-2033
9.1. Saudi Arabia Food Service Market Size, Share and Forecast, By Restaurant Type, 2020-20269.2. Saudi Arabia Food Service Market Size, Share and Forecast, By Restaurant Type, 2027-20339.3. Chain9.4. Independent
10. Saudi Arabia Food Service Market, By Cuisine Type (USD Million) 2020-2033
10.1. Saudi Arabia Food Service Market Size, Share and Forecast, By Cuisine Type, 2020-202610.2. Saudi Arabia Food Service Market Size, Share and Forecast, By Cuisine Type, 2027-203310.3. Western Cuisine10.4. Middle Eastern Cuisine10.5. Asian Cuisine10.6. Others
11. Saudi Arabia Food Service Market Forecast, 2020-2033 (USD Million)
11.1. Saudi Arabia Food Service Market Size and Market Share
12. Saudi Arabia Food Service Market, By Region, 2020-2033 (USD Million)
12.1. Saudi Arabia Food Service Market Size and Market Share By Region (2020-2026)12.2. Saudi Arabia Food Service Market Size and Market Share By Region (2027-2033)12.3. Eastern Region12.4. Western Region12.5. Southern Region12.6. Northern Region
13. Company Profile
13.1. Al Tazaj Fakeih13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. AlAmar Foods Company13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. ALBAIK Food Systems Company S.A.13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Americana Restaurants International PLC13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Apparel Group13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Fawaz Abdulaziz AlHokair Company13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Galadari Ice Cream Co Ltd LLC13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Herfy Food Service Company13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Kudu Company For Food And Catering13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. LuLu Group International13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments13.11. M.H. Alshaya Co. WLL13.11.1. Company details13.11.2. Financial outlook13.11.3. Product summary13.11.4. Recent developments13.12. Reza Food Services Company Limited13.12.1. Company details13.12.2. Financial outlook13.12.3. Product summary13.12.4. Recent developments13.13. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Saudi Arabia Food Service Market is projected to reach USD 61.36 billion by 2033, growing at a CAGR of 9.63% during the forecast period.
Saudi Arabia Food Service Market grew in market size from 2024. The Market is expected to reach USD 61.36 billion by 2033, at a CAGR of 9.63% during the forecast period.
Saudi Arabia Food Service Market CAGR of 9.63% during the forecast period.
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Saudi Arabia Food Service Market size is USD 61.36 billion from 2024 to 2033.
Saudi Arabia Food Service Market Segment is Covered By Type, By Service Type, By Restaurant Type, By Cuisine Type.
The Middle East region is anticipated to have the highest market share in Saudi Arabia Food Service Market.
Saudi Arabia has seen a sharp increase in the quantity of food and retail malls in recent years. Over the past ten years, the practice of establishing food outlets in malls—previously restricted to the nation's largest cities—has extended to tier 2 and tier 3 cities.
The key players in the market include Companies Covered Al Tazaj Fakeih, AlAmar Foods Company, ALBAIK Food Systems Company S.A., Americana Restaurants International PLC, Apparel Group, Fawaz Abdulaziz AlHokair Company, Galadari Ice Cream Co Ltd LLC, Herfy Food Service Company, Kudu Company For Food And Catering, LuLu Group International, M.H. Alshaya Co. WLL, Reza Food Services Company Limited, Others.
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