RIYADH, Saudi Arabia -
April 8, 2025 -
PRLog -- According to the latest market research study published by P&S Intelligence, the Saudi Arabian food service market is poised for substantial growth, with projected revenues reaching USD 32.2 billion in 2024 and an anticipated compound annual growth rate (CAGR) of 8.8% through 2030, culminating in a market size of USD 53.3 billion by the end of the forecast period.
This robust expansion is fueled by increasing consumer demand for convenient dining options, particularly in urban centers like Riyadh, Jeddah, and Dammam, where fast-paced lifestyles are driving the popularity of home delivery services.
Key Insights - The market is segmented by service type into fast food, full-service, quick-service, cloud kitchens, and cafes and bars. Among these, quick-service restaurants are experiencing significant growth, driven by the rising demand for fast and convenient meal options.
- The cuisine type segmentation includes Western, Middle Eastern, Asian, and European flavors. Western cuisine, in particular, has gained popularity, reflecting the diverse preferences of the Saudi population and expatriate communities.
- Regionally, the Al-Riyadh province stands out as both the largest and fastest-growing area in the food service market. This prominence is attributed to its dense population, economic vitality, and cultural openness to diverse culinary experiences.
Browse detailed report analysis on "Saudi Arabia Food Service Market Growth and Future Analysis (https://www.psmarketresearch.com/market-analysis/saudi-ar...)" - Artificial Intelligence (AI) applications are being adopted to analyze customer preferences and optimize delivery routes, thereby improving service personalization and operational efficiency.
- The competitive dynamics of the market are characterized by fragmentation, with numerous international and local players vying for market share. Major companies such as Herfy Food Services Co. JSC KSA, ALBAIK Food Systems Company, Yum! Brands Inc., and Starbucks Corporation are key contributors to the market's vibrancy.
- The rise of cloud kitchens, which focus exclusively on delivery without physical dine-in spaces, is gaining momentum. This model capitalizes on the growing preference for online food ordering and offers cost efficiencies by minimizing overhead expenses associated with traditional restaurant setups.
- Regulatory considerations play a crucial role in shaping market operations. Compliance with food safety standards, licensing requirements, and adherence to cultural and religious norms are imperative for businesses to operate successfully in this market.
- The proliferation of food delivery apps and online platforms has transformed consumer engagement, offering greater convenience and expanding the reach of food service providers. This digital shift is expected to continue driving growth in the sector.
Account Phone Number