Saudi Arabia’s recent total food service sales was estimated at SR33.3 billion - FOODEX
Published 2017-05-29 09:39:50
Being the largest economy in the Middle East, Saudi Arabia has a rapid growth of food consumption. The Kingdom offers abundant growth opportunities to food and beverage companies, across all its sub-sectors and categories, due to a particular lifestyle, age group and most of all, potential.
According to industry research, the total GCC food services market, which includes, full-service chain restaurants, quick service restaurants, Café & Bakery segment, recently stood at SR70.5 billion and is estimated to grow to a collective value of SR91.9 billion by 2018, while Saudi Arabia’s recent total food service sales was estimated at SR33.3 billion, accounting for nearly half of the GCC market.
Characterized by a relaxed and casual ambiance, offering a full table service, the casual dining segment has emerged as the second fastest growing within the food sector market with potential for growth.
Source: Saudi Gazette