Saudi Arabia Food Service Market, By Type (Dining Services, PBCL (Pubs, Bars, Clubs & Lounges), QSR (Quick Service Restaurants) and Cafes & Others), By Region, By Company, Competition, Forecast & Opportunities, 2025
Saudi Arabia food service market is projected to grow from an estimated $ 11.6 billion in 2019 to $ 13.7 billion by 2025. Market growth is anticipated on account of increasing urbanization, rapid expansion in food delivery services, an increasing number of young adults & working population, rising disposable income in Saudi Arabia.
Saudi Arabia food service market is categorized into Dining Services, PBCL (Pubs, Bars, Clubs & Lounges), QSR (Quick Service Restaurants) and Cafes & Others. QSR segment holds the largest share in the market with the growing popularity of fast foods and casual dining in the country. Chained consumer food services are growing at a fast pace, followed by Dining Services in Saudi Arabia food service market. Number of dining restaurants are rising in Saudi Arabia, with international brands like Applebee's, Outback Steak House, Chilis, and TGI Fridays, marking their presence. The global chains have followed the strategy of customization and localization through intelligent modifications in their menus.
Western region dominated the country's food service market, followed by Central region in 2019. Both of these regions are expected to continue their dominance during the forecast period. Some of the major players operating in Saudi Arabia food services market include Al Ahlia Restaurants Company, Pizza Hut, McDonald's, Burger King, Subway, Domino's Pizza, Herfy Fast Foods, Kudu, Tony Roma's, Al-Baik Chicken, among others. Famous global brands operating in Saudi Arabia food service market include Domino's Pizza, McDonald's, Cafe Coffee Day, KFC (Kentucky Fried Chicken), Pizza Hut, Burger King, Starbucks, Dunkin' Donuts, Costa Coffee, Subway and others.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of food service players operating in Saudi Arabia. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the companies which could not be identified due to the limitations of secondary research.
TechSci Research calculated the market size of the Saudi Arabia food service market using a top-down approach, wherein data for various applications across various end-user segments were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as food service players and other stakeholders. besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Saudi Arabia food service market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
PBCL (Pubs, Bars, Clubs and Lounges)
QSR (Quick Service Restaurant)
Cafes & Others
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia food services market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
16. Strategic Recommendations