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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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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