Saudi Arabia Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027

Saudi Arabia Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027

Summary

“Saudi Arabia Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027” published by GlobalData provides extensive insight and analysis of the Saudi Foodservice market over the next five years (2022-27) and acts as a vital point of reference for operators or suppliers.

The Saudi profit sector’s revenue reached SAR104.2 billion ($27.8 billion) in 2022, registering a compound annual growth rate (CAGR) of 1% from 2017 to 2022. The rise of religious tourism and the resumption of sports competitions and other events helped boost the number of tourist arrivals from 3.5 million in 2021 to 16.6 million in 20222. The increase in tourist arrivals supported the growth of foodservice establishments. Furthermore, the steps taken by the Saudi government to promote travel and tourism positively impacted hotels, restaurants, and cafés. The mobile operator channel registered strong growth, at a CAGR of 12.4% during 2017-22, thanks to its high popularity among Saudis. During 2022-27, the Saudi profit sector will register a strong CAGR of 5.1%. The number of transactions will rise at a CAGR of 3.2%, while the number of outlets will increase at a CAGR of 1.2%.

The report includes -

• Overview of Saudi Arabia's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Saudi foodservice market including GDP per capita, consumer price index, population growth, and annual household income distribution.
• Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, and coffee & tea shop) within the Saudi foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
• Customer segmentation: Identify the most important demographic groups, buying habits, and motivations that drive out-of-home meal occasions among segments of the Saudi population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Scope

• The Saudi profit sector’s revenue reached SAR104.2 billion ($27.8 billion) in 2022, registering a compound annual growth rate (CAGR) of 1% from 2017 to 2022. QSR was the leading profit sector channel in 2022, contributing 41.4% of total sales. FSR secured the second position with a 31.1% share of sales. The mobile operator channel registered a strong CAGR of 12.4% during 2017-22.
• The channel is highly popular among Saudis due to its provision of high-quality food at affordable prices. In 2022, the QSR channel led the profit sector in terms of the number of transactions. This was due to the increasing preference for fast-food options among Saudi consumers. Saudi consumers are interested in exploring new cuisines in the FSR channel. Consumers in the country are actively supporting operators that prioritize social inclusivity and uphold ethical standards.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2022-27) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
• Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, and coffee & tea shop) will allow readers understand the wants and needs of their target demographics.