Market Definition
The upcoming construction projects in the country are a major growth driver for the Saudi Arabia Catering Services market. Under Saudi Vision 2030, key sectors such as real estate, tourism, and retail, are expected to witness a major boost, thereby strongly contributing to the growth of catering services in the forthcoming period. Moreover, the establishment of offices in the country would lead to a rise in the opportunities for contractual catering services in the years to come, thereby positively impacting the Saudi Arabia Catering Services market.
Market Insights
According to the MarkNtel Advisors’ research report titled “Saudi Arabia Catering Services Market Analysis, 2023-28”, the Catering Services market is estimated to register a CAGR of around 7% during 2023-28. The catering services on a contractual basis captured the highest market share in the Saudi Arabia Catering Services market in 2021. The maximum share is attributed to the increase in spending by large corporates. The suppliers are also improving their supply capability while adopting performance-based metrics for evaluation and performance monitoring. The major end users for contractual services are corporate offices, education, healthcare, defense, etc.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-21 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| CAGR (2023-2028) | 7% |
| Region Covered | West,East,South,Central |
| Key Companies Profiled | Gulf Catering Company, Tamimi Global Company Ltd., Saudi Catering & Contracting, Algosaibi Services, Nesma Catering, Saudi Airlines Catering, Al-Suwaiket Catering, Al-Suwaidi Services, Others |
| Unit Denominations | USD Million/Billion |
The key players with a considerable market share in the Saudi Arabia Catering Services market include Gulf Catering Company, Tamimi Global Company Ltd., Saudi Catering & Contracting, Algosaibi Services, Nesma Catering, etc. The companies provide catering services to hospitals, universities, military, security forces, and Saudi Arabian airlines. Tamimi Global Company is one of the major food catering companies which also serve the U.S. military.
Market Outlook, Segmentation and Statistics
Key Questions Answered in the Market Research Report
Frequently Asked Questions
A. The market size of Saudi Arabia catering services market during 2023-28 is forecast to be around 7%.
A. It is forecast that the catering services on a contractual basis captured the highest market share in the Saudi Arabia catering services market by registering considerably higher CAGR.
A. Gulf Catering Company, Tamimi Global Company Ltd., Saudi Catering & Contracting, Algosaibi Services, Nesma catering are few of the leading players in the Saudi Arabia catering services market.
A. Yes, the scope of the report encompass detailed catering services type & model wise statistics such as market size, market segmentation based on various subcategories.
A. The maximum share is attributed to the proliferating sending of large corporates segments and they will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Catering services of Saudi Arabia.
