QSR Segment to Drive Saudi Arabia Food Service Market until 2025
Growing
inclination towards healthy lifestyle, increasing urbanization, rapid expansion
of food delivery market and rising tourism driving food service market in Saudi
Arabia
According to recently released TechSci
Research report, “Saudi Arabia Food
Service Market,
By Type, By Region,
By Company, Forecast &
Opportunities, 2025”, food service market in Saudi Arabia is projected to grow from an
estimated $ 11.6 billion in 2019 to $ 13.7 billion by 2025 on account of rising
disposable income, growing awareness about healthy lifestyle, increasing number
of working women and rising internet penetration. Moreover, changing consumer tastes and preferences coupled with growing tourism in
Saudi Arabia is also boosting the country’s food service market. Over the last few
years, the culture of eating out has witnessed a significant growth in Saudi
Arabia. Moreover, the market has also been witnessing a rising trend of home
delivery as well as an increasing number of consumers developing taste for
foreign origin cuisines.
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than 10 market data Figures spread through 70 Pages and an in-depth TOC on "Saudi
Arabia Food Service Market"
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Food services market in Saudi Arabia is categorized into Dinning
Services, PBCL (Pubs, Bars, Clubs & Lounges), QSR (Quick Service
Restaurants) and Cafes & Others. Among these segments, Quick Service
Restaurant segment accounted for the largest share in Saudi Arabia food service
market in 2019, followed by Dining Services. With the growing popularity of
fast foods and casual dining, chained consumer food services are growing
at a fast pace across the country. Dining Services restaurants are increasing
in number in Saudi Arabia, with rising presence of international brands, like
Applebee’s, Outback Steak House, Chilis, etc.
In terms of region, Saudi
Arabia food service market is categorized into Northern, Southern, Central, Western
and Eastern regions. Western region was the country’s largest food service
market in 2019, followed by Central region on account of increasing tourism and
brand expansions in these regions. Western and Central regions cumulatively
account for around two-thirds of the country’s food service market, and this
trend is expected to continue in the coming years.
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Few of the major food service
market players operating in Saudi Arabia 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. “Saudi Arabia food service market is expected to grow at
a rapid pace due to increasing urbanization, rising tourism and growing
presence of international food service brands across the country. Also, due to
the increasing number of working women, changing customers tastes &
preferences, rising focus of leading players on product quality and international
brand expansions, the food service market in the country is expected to
continue growing over the next five years.”, said Mr Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Saudi Arabia Food Service Market, By Type, By
Region, By Company, Forecast & Opportunities, 2025” has evaluated the future growth potential of Saudi Arabia Food
Service market and provides statistics and information on market structure,
consumer behaviour and trends. The report is intended to provide cutting-edge
market intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyses the emerging trends along with
essential drivers, challenges, and opportunities available in Saudi Arabia Food
Service market.
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