Saudi Arabia Fast Food Market : Industry Size, Share, Analysis, Trend & Future Planning 2017
Saudi Arabia Fast Food Market (2017-2023): Market Forecast by Types (Burgers, Hamburgers & Sandwiches, Chicken, Pizza & Pasta, Asian & Latin American Fast Food, Sea Food and Others (Mediterranean, Lebanese, etc.)), Distribution Channel (Take Away Outlets, Dine-in Restaurants, Cafes & Bakeries and Others (Food trucks, Kiosks, etc.)), Regions (Central Region, Eastern Region, Western Region and Southern Region) and Competitive Landscape
Saudi Arabia fast food market is witnessing growth due to surge in young age population and changing lifestyle of workforce in the Kingdom. The decline in crude oil prices and economy has not affected the market to a greater extent and the food consumption of the consumers in Saudi Arabia is on increasing trend. Saudi Arabia is one of the key contributing countries in GCC fast food market. Better outlets reach and service would fuel the demand for fast food in the country.
Saudi Arabia Fast Food market is projected to grow at a CAGR of 6.9% during 2017-23. Fast Food market is anticipated to register strong growth in the forecast period owing to high food consumption, increase in spending on food products and urbanization. Fast Food market in the region is expected to grow due to availability of variety of fast foods of various international and national players. However, growing health concerns regarding obesity and diabetes are the major threats to the market; thus driving the companies to offer more healthy foods in their portfolio.
Take away outlets are the major revenue generating distribution channel followed by full service outlets in the country on account of better servicing and availability of different flavors. Central region including Riyadh is the majority revenue generator in 2016 as it inhabits hefty share of expatriates and working population of the country.
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