Saudi Arabia Catering Services Market Analysis, Price Trend, Industry Overview and Report 2023-2028

Market Insights

As per recent research by MarkNtel Advisors, The Saudi Arabia Catering Services Market size was valued at around USD 4.88 billion in 2022 is further expected to grow at a CAGR of about 7.0% during the forecast period 2023-28.

Key Driver: Frequent Occurrence of Mega Events Within the Kingdom

The evolution of the industry's offering is based on the shift in demand, the creation of exciting mega-events and entertainment, and the establishment of the kingdom as a leading global business, entertainment, sports, and tourism destination. With the rising construction of corporate buildings, small and medium enterprises have been facilitating VIP dining services for small exclusive gatherings as well as high-profile celebrations, resulting in a significant demand for catering services in Saudi Arabia. Furthermore, the kingdom hosting various international seminars, conferences, etc., related to different educational or industrial backgrounds has reinforced the need for such services. For instance,

Recently, on March 8, 2023, Saudi Arabia witnessed the first-ever Hospitality 3.0 conference, hosted by Caterer Middle East and Hotelier Middle East. The conference seemed to emerge as an opportunity for the prominent market players as it perfectly encompassed expert insights, predictions, and advice from decision-makers across the kingdom’s hospitality and FB industries.

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Market Segmentation and Consumer Behavior:

By Type

Contractual
Non-Contractual

By End User

Business Industry
Education
Healthcare
Defense and Offshore
Mining EPC
Sports Leisure
Others

By Model

Client Pay B2B
Consumer pays/retail
B2C

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Saudi Arabia Catering Services Market Geographical Analysis:

By Region:

West
East
South
North
Central

Key Players and Competitive Strategies in the Saudi Arabia Catering Services Market

Several prominent players dominate the Saudi Arabia Catering Services Market, including:

Gulf Catering Company
Tamimi Global Company Ltd.
Saudi Catering Contracting
Algosaibi Services
Nesma Catering
Saudi Airlines Catering
Al-Suwaiket Catering
Al-Suwaidi Services
Others

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Questions Addressed in this Study

1.What factors are driving the Saudi Arabia Catering Services Market growth?

2.How is the Saudi Arabia Catering Services Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Saudi Arabia Catering Services Market?

4.What is the current size of the Saudi Arabia Catering Services Market, and how is it projected to change in the future?

5.What is the future outlook for the Saudi Arabia Catering Services Market in terms of technological advancements and market expansion?

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Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals.