Saudi Arabian Foodservice Market Overview
The Saudi Arabian Foodservice market was valued at USD 27.8 Billion in 2021 and is projected to grow at a CAGR of 7.71% during the forecast period, 2022-2027. The full-service restaurant segment accounted for the major share in the market, owing to the strong presence of the millennial population, the growing tourism industry, and acceptance of western culture across the country. Consequently, the United States casual dining restaurants, such as Chili’s, Fuddruckers, TGI Fridays, Applebee’s, Sizzler, and On The Border, are very popular and located in all the major cities of Saudi Arabia. Consumers visit food service outlets for a number of reasons, including added convenience, to sample new tastes and flavors, to celebrate, and to socialize. For instance, in May 2021, CEC Entertainment, the parent company of American fast-food brand Chuck E Cheese planned to open 100 new outlets around the world over the years, with at least 25 in Saudi Arabia. Hence, the industry gained momentum, and the market studied witnessed strong growth in all foodservice categories.
Download a free sample here – Saudi Arabian Foodservice Market
Key Highlights of the Saudi Arabian Foodservice Market
Check our other latest research on –
Recent Developments in the Saudi Arabian Foodservice Market
Related Research and Links
List of Key Players in the Saudi Arabian Foodservice Market
*List Not Exhaustive
Mordor Intelligence has segmented the Saudi Arabian Foodservice Market based on type and structure:
About Mordor Intelligence
Mordor Intelligence is a market intelligence and advisory firm. Our mission is to map complex business ecosystems across the globe to better predict butterfly effects. To date, we have partnered with 4000+ enterprises across 20 industries, to deliver precise data and actionable insights in over 6000 projects. Our domain-specific teams of research experts continuously track markets, enabling our clients to gain a competitive edge through high-quality market intelligence.
We offer fully tailored intelligence solutions to meet the unique business requirements of any organization. Our deep industry expertise coupled with cross-functional analyst teams ensures we can support the intelligence requirements of even the most specific of business problems.
Media ContactCompany Name: Mordor Intelligence Private LimitedContact Person: Sai TejaEmail: Send EmailPhone: +1 617-765-2493Address:5th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli City: HyderabadState: Telangana 500008Country: IndiaWebsite: https://www.mordorintelligence.com/industry-reports/saudi-arabia-foodservice-market?utm_medium=Outbound&utm_source=press-release&utm_campaign=AB_Newswire