Press release
Saudi Arabia Food Service Market: 11.57 % Healthy CAGR, Trends and Growth to 2029| Starbucks Corporation (U.S.), Yum! Brands, Inc. (U.S.), McDonald's Corporation (U.S.), ALBAIK Food Systems Company Ltd. ,etc
The Saudi Arabia food service market size was valued at USD 12.57 billion in 2021 and is projected to reach a valuation of USD 14.16 billion in 2022. The market is expected to reach USD 30.47 billion by 2029 with a CAGR of 11.57% during the forecast period. Increasing adoption of western culture due to tourism and education activities is anticipated to drive market growth. Current spike in the number of food malls and food courts is expected to propel the market course. The shift towards international brands and the entry of major international food chains is projected to assist in market development. Fortune Business Insights™ shares this information in its report titled "Saudi Arabia Food Service Market, 2022-2029."Get a Sample Copy of the Research Report:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/saudi-arabia-food-service-market-106896
List of Key Players Profiled in the Market Report
Starbucks Corporation (U.S.)
Yum! Brands, Inc. (U.S.)
McDonald's Corporation (U.S.)
ALBAIK Food Systems Company Ltd. (Saudi Arabia)
Restaurant Brands International Inc. (Canada)
Domino's Pizza, Inc. (U.S.)
Herfy Food Services Co. JSC, KSA (Saudi Arabia)
KUDU Company for Food and Catering (Saudi Arabia)
Papa John's International, Inc. (U.S.)
Hardee's Restaurants LLC (U.S.)
Segmentation
Full Service Restaurants to Lead Owing to Increasing Number of Physical Restaurants
On the basis of type, the market is divided into full service restaurants, quick service restaurants, institutes, and others. Full service restaurants accounts for the largest part due to their quick services in the brick and mortar restaurants. It accounted for 41.64% in 2021. Fine dining and casual dining restaurants are the major contributors to this segment.
Commercial Segment to Dictate Due to Increasing Number of Salaried Professionals
Based on service type, the market is categorized into up to commercial and institutional service providers. Commercial food service provider is anticipated to dominate the market during the coming years due to growing number of salaries professionals in the household. The growth is attributed to increase in the frequency of families eating out. Easy convenience and availability of food services is expected to drive market growth for the segment.
Get a Customized Report
https://www.fortunebusinessinsights.com/enquiry/customization/saudi-arabia-food-service-market-106896
Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Drivers and Restraints
Increasing Number of Food Courts and Malls to Progress Market Growth
In recent years, shopping malls and food malls have been expanding in Saudi Arabia which is anticipated to drive Saudi Arabia food service market growth. Consumer need to have every amenity under one roof and also to have multi-brand outlets under one roof. The expansion of food malls possessed an opportunity for fast food chains of Quick Service Industry (QSR) industry which is estimated to market development. Growing expansion of international brands is expected to further propel market development. Over past few years, various casual dining chains in Saudi Arabia such as Cipriani, Cheesecake Factory, and Hakkasan.
However, high demand for online food delivery is expected to hamper the market growth. It also involves production of too much food which can create food waste.
Competitive Landscape
Partnership Strategies by Key Players to Advance Market Path
Partnership strategies by the market players are anticipated to improve market development. In January 2022, Halwani Bros. Co. invested around USD 53 million in Aquat Food Industries Co., sister company of Albaik Food Systems Co. By signing this agreement, the company targets to supply the locally-produced food products required to operate Albaik restaurants in Egypt. Some prominent players include Starbucks Corporation, McDonald's Corporation, Domino's Pizza, Inc., Papa John's International, Inc. and others.
Key Industry Development
March 2022- BB Social Dining is launching a new food outlet at Saudi Arabia. The outlet is a casual dining outlet offers different food cuisines, thus fulfills the growing demand of its consumers.
Inquire Before Buying:
https://www.fortunebusinessinsights.com/enquiry/queries/saudi-arabia-food-service-market-106896
Contact Us:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road, Baner,
Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Connect us via Social Media Channels:
LinkedInFacebookTwitter Blogs
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Saudi Arabia Food Service Market: 11.57 % Healthy CAGR, Trends and Growth to 2029| Starbucks Corporation (U.S.), Yum! Brands, Inc. (U.S.), McDonald's Corporation (U.S.), ALBAIK Food Systems Company Ltd. ,etc here
News-ID: 2896806 • Views: …
More Releases from Fortune Business Insights
Reverse Flame Steam Boiler Market 2023 Dynamics, Major Players, SWOT Analysis, a …
Overview of the Global Reverse Flame Steam Boiler Market 2030:
The report discusses everything a marketer requires before investing in the global Reverse Flame Steam Boiler Market during the forecast period 2023-2030. Reverse Flame Steam Boiler Market Size, Share And Global Trend By Capacity (Up to 100kW, 100-1000 kW, Above 1000 kW), By End-Use (Food Industry, Chemical Industry, Refineries, Metal Industry, Power Plant), And Geography Forecast Till 2022-2029. It provides detailed…
Syngas and Derivatives Market Research Analysis, Size, Share, Growth Highlights …
Overview of the Global Syngas and Derivatives Market 2030:
The report discusses everything a marketer requires before investing in the global Syngas and Derivatives Market during the forecast period 2023-2030. Syngas and Derivatives Market Size, Share and Global Trend By Feedstock(Coal, Petroleum, Natural Gas, Biomass), By Technology(Partial Oxidation, Steam Reforming, Auto-Thermal Reforming, and others), By End User(Chemicals, Power Generation, Liquid Fuels, Gaseous Fuels), and Geography Forecast till 2022-2029. It provides detailed…
![Port equipment Market Will Experience An Upswing In Demand, Driven By Top Players | Liebherr (Switzerland), TTS Group (Norway), Kalmar (Finland) Konecranes (Finland) |](https://cdn.open-pr.com/W/6/W602476118_g.jpg)
Port equipment Market Will Experience An Upswing In Demand, Driven By Top Player …
The Port equipment Market Research Report provides an in-depth analysis of the market landscape and identifies future growth opportunities and trends until 2030. By offering valuable insights, the report enables companies to make informed decisions on business strategies and identify potential areas for growth. With a comprehensive assessment of the market, it equips businesses with the necessary tools to stay ahead of the competition.
With this Port equipment Market research report,…
![Modular Chillers Market to reach USD 6.13 billion by 2026, at a CARG of 6.2% | LG Electronics, Mitsubishi Electric Corporation , Haier Group, Midea Group](https://cdn.open-pr.com/W/6/W602113037_g.jpg)
Modular Chillers Market to reach USD 6.13 billion by 2026, at a CARG of 6.2% | L …
The Modular Chillers Market Report 2023 by Fortune Business Insights provides a comprehensive overview of the market's latest trends, size, regulations, key players, and strategies. The report offers valuable insights into the market's sales and revenue, product type, applications, regions, and leading players. Modular Chillers Market report also covers key players and competitor analysis, providing a comprehensive understanding of the industry's commercial landscape. The report is useful for gaining insights…
More Releases for Saudi
Saudi Arabia Agriculture Market, Saudi Arabia Agriculture Industry, Saudi Arabia …
Saudi Arabia Agriculture is focussed on the spread of dates, dairy farm merchandise, eggs, fish, poultry, vegetables, and flowers to markets round the creation because it has attained its own potency within the production of such merchandise. The private sector additionally plays a role within the nation's agriculture, because the government offers long-term interest-free loans and inexpensive water, fuel, electricity, and duty-free imports of raw materials and machinery. Over the past…
Saudi Arabia Pharmaceutical Market | pharmaceutical companies in saudi arabia, p …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Saudi Arabia Pharmaceutical Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
The report examines Saudi Arabia pharmaceutical market for the period 2016–2026. The primary…
Saudi Arabia Apparel Retail Market Research Report 2022 | Market Reports On Saud …
Market Reports On Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Apparel Retail Market” under Consumer Goods category. The Saudi Arabia Apparel Retail Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
Apparel Retail in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2013-17, and forecast…
Saudi Arabia Airport Privatization Sector Saudi Arabia Airport Sales Report 2022
For Report Sample Contact: neeraj@kuickresearch.com or +91-11-47067990
Report Table of Contents
Saudi Arabia Aviation Industry Overview
Privatization in Saudi Arabia
Saudi Arabia Civil Aviation Regulatory Authority
3.1 General Authority of Civil Aviation (GACA)
3.2 International Air Transport Association
Saudi…
Saudi Arabia Mutual Fund Sector Saudi Arabia Mutual Fund Sales Report 2022
For Report Sample Contact: neeraj@kuickresearch.com or +91-11-47067990
Report Table of Contents
1. Saudi Arabia Financial Sector Overview
2. Saudi Arabia Stock Market and Exchange Overview
3. Saudi Arabia Mutual Fund Market Overview
4. Saudi Arabia Mutual Fund Program and Managers
4.1 Fund Managers and Companies
4.2 Types of Mutual Funds
5. Saudi Arabia Mutual Fund Asset Allocation
5.1 Market Overview
5.2 Mutual Fund Market Indicators
…
Saudi Arabia Radio LIve
Saudi Arabia Live Radio is created for the sake of our contemporary users to accommodate their demands and expectations.
This innovative application is full of comprehensive Radio Stations, which are renewed and extended from time to time by the sophisticated professionals. The following app is absolutely free of charge and provides you with an exclusive opportunity to listen to your favorite music and newsworthy programs, as well as news from…