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Aggressive panorama, development, tendencies and forecast of the Saudi catering market in 2027 – Unique report by Mordor Intelligence

“Intelligence from Mordor”

The Saudi catering market is a fragmented and aggressive market with quite a few gamers current out there. Main market gamers embrace Mc Donald’s Company, Yum! Manufacturers Inc., Herfy Meals Providers Co., Albaik Meals Methods Co. SA and Domino’s Pizza Inc., amongst others.

Overview of the catering market in Saudi Arabia

The Saudi catering market was valued at USD 27.8 billion in 2021 and is projected to develop at a CAGR of seven.71% in the course of the forecast interval 2022-2027. The total-service restaurant section accounted for almost all of the market, owing to the robust presence of the millennial inhabitants, the expansion of the tourism {industry}, and the acceptance of Western tradition throughout the nation. Due to this fact, USA informal eating places similar to Chili’s, Fuddruckers, TGI Fridays, Applebee’s, Sizzler and On The Border are very fashionable and situated in all main cities of Saudi Arabia. Customers go to meals shops for various causes, together with for comfort, to pattern new tastes and flavors, to have a good time, and to socialize. For instance, in Might 2021, CEC Leisure, the dad or mum firm of American quick meals model Chuck E Cheese, deliberate to open 100 new shops globally over time, together with a minimum of 25 in Saudi Arabia. Thus, the {industry} has gained momentum and the market studied has seen robust development in all meals service classes.

Obtain a free pattern right here – Saudi catering market

Key Highlights of the Saudi Foodservice Market

  • The Saudi catering market is a fragmented and aggressive market with quite a few gamers current out there. Main market gamers embrace Mc Donald’s Company, Yum! Manufacturers Inc., Herfy Meals Providers Co., Albaik Meals Methods Co. SA and Domino’s Pizza Inc., amongst others.
  • With restricted leisure choices, the restaurant/meals truck consuming tradition has grown in reputation within the nation. This has elevated the demand for international cuisines, thus rising the variety of meals shops.
  • Unbiased restaurant chains preserve a dominant place within the full-service restaurant section, as they provide on-site eating companies with an in depth menu.
  • Throughout Ramadan, to draw shoppers, full-service eating places, together with Hyatt Regency Tent and The Ritz-Carlton Residences, attempt to compete with native eating places to supply a greater eating expertise, which energizes the market.

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Current Developments within the Saudi Restaurant Market

  • In December 2021, Riyadh worldwide Catering Service, the franchisee of McDonald’s eating places within the central, jap and northern areas of the Kingdom, opened its 2 hundredth department on Riyadh Boulevard.
  • In November 2021, Dominos launched a brand new aspect dish, Domino’s Oven-Baked Dips, in three distinctive flavors: Tacky Marinara, 5 Cheese and Baked Apple to pair with Domino’s Bread Twists.

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Record of key gamers within the Saudi catering market

  • McDonald’s Company
  • Domino’s Pizza Inc.
  • Yum! manufacturers inc.
  • Restaurant Manufacturers Worldwide Inc.
  • Starbucks Company
  • Herfy Meals Providers Co. (Savola Group)
  • Albaik Meals Methods Firm S.A.
  • Al-Tazaj
  • Americana Group Inc.
  • Shawaya Home

*Non-exhaustive listing

Mordor Intelligence has segmented the Saudi restaurant market primarily based on sort and construction:

  • Kind (Market Measurement & Worth Primarily based Forecast (USD Billion, 2016-2027)
    • Full-service eating places
    • Fast service eating places
    • Coffees
    • Catering or institutional meals sector
  • Construction (Market Measurement & Worth Primarily based Forecast (USD Billion, 2016-2027)
    • Unbiased Client Catering
    • Chained meals service to shoppers

About Mordor Intelligence

Mordor Intelligence is a enterprise info and consulting firm. Our mission is to map complicated enterprise ecosystems all over the world to higher predict butterfly results. Thus far, we have partnered with greater than 4,000 firms throughout 20 industries, delivering correct information and actionable insights throughout greater than 6,000 initiatives. Our groups of domain-specific analysis specialists constantly monitor the markets, enabling our purchasers to realize a aggressive edge by high-quality market intelligence.

We provide absolutely custom-made intelligence options to fulfill the distinctive enterprise wants of any group. Our deep {industry} experience, mixed with cross-functional analyst groups, permits us to fulfill the intelligence wants of probably the most particular enterprise issues.

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