Saudi Arabia $12.7 Bn Catering Services Market Trends, Competition, Forecast and Opportunities, 2030F
Saudi Arabian Catering Services Market
Dublin, May 13, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Catering Services Market, By Region, Competition, Forecast and Opportunities, 2020-2030F" has been added to ResearchAndMarkets.com's offering.
The Saudi Arabia Catering Services Market, valued at USD 7.51 billion in 2024, is projected to reach USD 12.74 billion by 2030, growing at a CAGR of 9.21% during the forecast period. This growth is attributed to the expansion of the hospitality, corporate, healthcare, and education sectors. Key factors such as increased tourism due to Vision 2030, higher disposable incomes, and the preference for outsourced catering in various sectors are driving market expansion. Government-backed mega projects like NEOM and the Red Sea Project present new opportunities for market players. Expansion of the Hospitality and Tourism Industry The rapid growth of Saudi Arabia's hospitality and tourism sector significantly contributes to the catering services market. The Vision 2030 initiative focuses on transforming the nation into a global tourism hub, leading to the rise of luxury hotels, resorts, and entertainment venues like NEOM and Qiddiya. During the first eight to nine months of 2024, Saudi Arabia recorded an over 61% increase in international tourist arrivals, becoming the third-fastest growing destination globally for inbound tourism. Government efforts to attract global events, such as the Formula 1 Saudi Arabian Grand Prix, have heightened the demand for large-scale catering solutions. The surge in restaurants and cafes is also contributing to the heightened need for high-quality catering services. Key Market Challenges
High operational costs present a significant challenge to the catering industry in Saudi Arabia. The country's arid climate necessitates the importation of food ingredients, raising costs for businesses. Fluctuating global food prices, supply chain disruptions, and currency exchanges compound financial pressures. Maintaining quality standards also demands investment in advanced storage and logistics solutions to comply with food safety regulations. Labor costs escalate due to the need for skilled personnel at competitive wages. The VAT increase from 5% to 15% further raises business expenses, challenging profitability and competitive pricing, thereby impacting the scalability of operations.
Key Market Trends
The integration of technology in operations is rapidly transforming the catering services landscape. Companies increasingly utilize cloud-based kitchen management systems, AI-driven meal planning, and automated inventory tracking to boost efficiency and reduce waste. Online platforms and mobile apps simplify ordering and enhance the customer experience. Digital payment solutions and contactless transactions align with the Vision 2030 goal of creating a cashless economy. Data analytics helps forecast demand trends, offering personalized meal plans and promotions. Future investments in robotics for food preparation and AI-powered customer service promise to further innovate the industry. Key Market Players
Gulf Catering Company
Saudi Airlines Catering Company
Sodexo FZE
Unique Catering Services Ltd.
Algosaibi Services Company
Gulf Mahmal Support Services Co. Ltd.
Al-Karam Al-Arabi for Catering Services Ltd.
Rezayat Catering & Support Services
Almays Catering Solutions
Arabian Gannas Ltd. Co.
Key Attributes:
Report Attribute
Details
No. of Pages
88
Forecast Period
2024 - 2030
Estimated Market Value (USD) in 2024
$7.51 Billion
Forecasted Market Value (USD) by 2030
$12.74 Billion
Compound Annual Growth Rate
9.2%
Regions Covered
Saudi Arabia
Key Topics Covered: 1. Introduction2. Research Methodology3. Executive Summary4. Voice of Customer Analysis5. Saudi Arabia Catering Services Market Outlook6. Saudi Arabia Hospitality Catering Services Market Outlook7. Saudi Arabia Holy Sites Catering Services Market Outlook8. Saudi Arabia Onshore Rigs Catering Services Market Outlook9. Saudi Arabia Healthcare Catering Services Market Outlook10. Saudi Arabia Offshore Rigs Catering Services Market Outlook11. Saudi Arabia Education Catering Services Market Outlook12. Saudi Arabia Corporate Catering Services Market Outlook13. Market Dynamics14. Market Trends & Developments15. Policy & Regulatory Landscape16. Supply Chain Analysis17. Saudi Arabia Economic Profile18. Competitive Landscape19. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/r3ahpo
About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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Saudi Arabian Catering Services Market
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