Saudi Arabia Online Food Ordering and Delivery Market to Grow USD 902 Million until 2026
Increasing internet
penetration and growing disposable income to fuel Saudi Arabia Online Food
Ordering and Delivery Market
According to TechSci report
on, “Saudi Arabia Online Food Ordering and Delivery Market By Operation Type (Food Aggregators and
Restaurant-Based), By Source
{Online (Mobile App and Web) and Offline}, By Payment (Mobile Wallet, Card
Payment, Cash on Delivery and Net Banking), By Region, Competition Forecast & Opportunities, 2026”, Saudi Arabia online food ordering and delivery market was
valued USD 511.21 Million in the 2020 which is
forecast to grow at 10.05% CAGR during 2021 – 2026. Online food delivery service market is growing with
the increased demand of convenient options for services. Work-life has become
more hectic and the Gen-Z does not want to spend their hard-earned money and
precious time in walking to the restaurants, thus online service brings the
ease to hectic lifestyle. Also, increasing disposable and high internet
penetration are supporting factors for the growth of the market. If the Saudi
Arabia online food ordering and delivery market overcomes the challenge of high
operational cost, the market can be expected to show more than expected growth
in the forecast years.
Browse
over 20 market data Figures spread through 69 Pages and an
in-depth TOC on "Saudi
Arabia Online Food Ordering and Delivery Market"
https://www.techsciresearch.com/report/saudi-arabia-online-food-ordering-and-delivery-market/7245.html
The report on Saudi
Arabia online food ordering and delivery market is segmented by operation
type, by source, by payment methods, and by region. Based on operation type the segments are categorized
into food aggregators, and restaurant-based businesses. In the historical
years, 2016 to 2019, food aggregators asserted their dominance in the market.
Consumer chose online supplier over the restaurant visits because of how
convenient it is. Consumers do not have to find time separately to visit the
restaurant for the meals while they can simply pick their favorite set of
dishes from multiple restaurants at once and enjoy their meal while
multitasking.
While the whole
world suffered from the pandemic, Saudi Arabia economy also suffered a hit but
was recovered soon enough. In the later half of the year, Saudi Arabia online
food ordering and delivery market showed an unexpected growth in the 2020. Due
to pandemic and the imposed lockdown, consumer shifted the choice of food to a
healthier home-cooked meal diet and avoided restaurant food. Lockdown further
inhibited any tentative consumer from visiting restaurants. All this caused
downfall in the business which was soon overcome by the online delivery systems
with their no-contact delivery and online payment methods.
Major
players operating in Saudi
Arabia online food ordering and delivery market include Talabat,
Hunger Station, Careem, Jahez, Mrsool Inc, Jahez, Lugmety, Toyou, Mathagi, The
Chefz, Wssel, among others. Restaurants
delivering food through online booking often offer attractive discounts and
coupons to the users intending to push their ordering volume. The companies
also offer various promotional schemes like buy one get one free or offer
complimentary food items with the ordered items to gain competitive edge in the
market. Such promotional schemes significantly propel the users to opt for
online food ordering and delivery services, thereby contributing to the market
growth.
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“Western Region was the highest revenue generating region in Saudi
Arabia online food ordering and delivery market, accounting for 43.79% share in
2020. Furthermore, the region is expected to remain the most dominating region
during the forecast period as well and is expected to grab a share of 42.19% by
2026, advancing at a CAGR of 9.37% during the forecast period. The growth of
the region is attributed to high population density, growing industrialization
and increasing food joints and restaurants in the region. Furthermore, western
states like Jouf, Tabuk, Jeddah, Medina, and
Mecca exhibit huge growth potential owing to the presence of large urban
agglomerations, which results in higher usage of internet and smartphone, which
in turn leads to greater demand for online food ordering and delivery services.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Saudi Arabia Online Food
Ordering and Delivery Market By Operation Type (Food Aggregators and
Restaurant-Based), By Source {Online (Mobile App and Web) and Offline},
By Payment (Mobile Wallet, Card Payment, Cash on Delivery and Net Banking), By
Region, Competition
Forecast & Opportunities, 2026” has evaluated the future growth potential of Saudi
Arabia online food ordering and delivery market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Saudi Arabia online food ordering and delivery market.
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