Saudi Arabia foodservice market is forecasted to reach USD 31.6 billion by 2024 growing at a CAGR of 5.9% during the forecast period (2019 - 2024)
Growing demand for home delivery and foodservice providers is expected to drive the market. Increasing health consciousness and growing rate of obesity among the Saudi Arabian population is challenging the market. Companies are coming with new and innovative healthy food with organic and natural ingredients in an attempt to overcome the challenges faced by the players in the industry.
The eating-out trend in KSA is growing rapidly and has become a major attraction in the GCC region. With limited options available for entertainment, the culture of eating out has gained a higher preference in GCC. This dinning pattern in the GCC region is strongly impacting the KSA food service market.
Source: Mordor Intelligence