Saudi Arabia Fast Food market is projected to grow at a CAGR of 6.9% during 2017-2023 – Foodex Saudi
Fast foods can be prepared quickly and are gaining popularity as these are emerging as alternatives for home-cooked meals. Entry of international food chains, presence of expatriate population, growing number of tourists and changing food preference are spurring the market for fast food in Saudi Arabia.
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.
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 2017 as it inhabits hefty share of expatriates and working population of the country.
The report thoroughly covers the Saudi Arabia Fast Food market by types, distribution channels and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Source: Business Wire