Press Release Description
Saudi Arabia Catering Services Market is projected to grow at a CAGR OF 8.12% from 2025 to 2030.
The Saudi Arabia Catering Service Market is projected to grow at a CAGR of 8.12% in the forecast period of 2025-30, cites MarkNtel Advisors in the recent research report. The market growth is attributed to the increasing demand for hygienic and cost-competitive food services among both the residents and business facilities for various occasions, events weddings, etc. Moreover, with the growing expansion of airports in the country, due to the increasing focus of the Saudi Government to welcome millions of visitors in the country to boost their GDP growth, the demand for catering services to provide food to their employees is substantially increasing.
Moreover, with the increasing demand, various catering service providers, such as Saudi Airlines Catering Company, Gulf Catering Company, etc., are collaborating with FMCG companies to enhance their food sales. For instance, in 2022, Saudi Airlines Catering Company (SACC) announced a collaboration agreement with Siwar Foods, a Saudi-based FMCG company, to work together on food solutions for different economic sectors and increase their presence and revenue opportunities in the country.
Additionally, the county hosts a series of national and international events such as Saudi Horeca, HVAC R, Saudi International Hala Expo, commerce, etc., which leads to an increase in visitor’s arrival in Saudi Arabia, thereby resulting in increased demand for catering services during 2025-30, further states the research report, “Saudi Arabia Catering Service Market Analysis, 2025.
Contractual Segment is projected to drive Saudi Arabia Catering Services Market
Based on the type, the market is further bifurcated into Contractual and Non-Contractual Catering Services. Among these, the contractual segment dominates the Saudi Arabia Catering Services Market owing to the growing need for contractual catering contracts from end-user industries like business & industry, commercial spaces, and other leisure activities. Additionally, the rising religious tourism in Saudi Arabia, due to the presence of several sacred places such as Makkah and Madinah, etc., have further augmented the demand for contract catering services by the tourism authority to ensure the availability of food services to the visitors. Moreover, to increase the visitors tally, the Saudi government announced the removal of the limit on the number and the age restriction for Hajj pilgrims in 2023. This would also result in constant demand for contract catering services in the Kingdom during the forecast period.
Corporate Segment is projected to drive the Saudi Arabia Catering Services Market
Based on the end-user, the market is further bifurcated into Corporate, Educational Institutes, In-Flight, Healthcare, Mining & EPC, Defense, Offshore Sports & Leisure, others. Among these, Corporate Segment dominates the Saudi Arabia Catering Services Market. In recent years, business and Industry have seen substantial expansion as businesses worldwide have chosen Saudi Arabia as a location for their corporate headquarters because of the nation’s openness to international trade and advantageous location as a regional gateway. Additionally, the expansion of corporate catering services in Saudi Arabia will be aided by the increased foreign direct investment in the country by companies, including Aramco, etc., to promote the development of the private sector and lower taxes for office environments.
For instance, according to UNCTAD’s World Investment Report, FDI inflows in Saudi Arabia rose from around USD 19 billion in 2021 to over USD 24 billion in 2022 and are projected to continue to grow due to the rising initiatives of the KSA government promoting flexible FDI laws. Thus, the growing expansion of office spaces in the country is augmented to support the demand for food services in the coming years as well, thereby leading to a surge in the revenue growth of Saudi Arabia’s Catering Services market.
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including (Gulf Catering Company, Algosaibi Service, Saudi Catering & Contracting, Nesma United Industries, Cartion (Saudi Airlines Catering Company), Al Suwaidi Holding Co, Unique Company Limited, Tamimi Global Co. Ltd., Al Karam Al-Arabi for Catering Services Limited, and Zamil Operations and Limited) are looking forward to strengthening their market position.
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the country?
- How has the industry been evolving in terms of geography & service adoption?
- How has the competition been shaping across the country?
- How has the buying behavior, customer inclination, and expectations from catering service providers been evolving during 2020-30?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
Place an order
USD 2,200
USD 1,760
USD 2,950
USD 2,360
USD 3,850
USD 3,080
USD 4,950
USD 3,465
100% Safe & Secure
Strongest encryption on the website to make your purchase safe and secure