Saudi Arabia Catering Services Market Overview

Saudi Arabia Catering Services Market grew significantly in the period of 2018-2021 on account of the shift of government expenditure to non-oil sectors from oil sectors, the rising number of inflight passengers, and the rise in the construction, tourism, healthcare, and education industry in 2018. During 2020, Covid-19 significantly impacted the overall Saudi Arabia Catering Services Market growth as the country faced a nationwide lockdown that led to the shutting down of all activities and movement in country and impacted the supply chain in market which has resulted in the decline in catering industry by 9% in 2020. Most of the industrial and manufacturing hubs, hotels, construction and infrastructure projects where catering services are heavily used were closed which impacted the market demand during that year.

According to 6Wresearch, Saudi Arabia Catering Services Market size is projected to grow at a CAGR of 6.6% during 2022–2028. The market is expected to witness significant growth in the coming years owing to rising spending expenditure of government on non-oil sectors. The government is developing smart cities such as NEOM city, Red Sea project, and entertainment cities such as Qiddiya city, Amaala project. Also, the government of Saudi Arabia has set a target to touch 330 million passengers travelling by 2030, which would demand new airlines and airports across the country. The government initiative of developing 250 airline routes by 2030 and a $100 Million investment to develop new airline company by 2025 would robust the demand in catering services in upcoming years. Additionally, the government's initiative to cater more than 6 million hajj pilgrims under the pilgrimage experience program 2030 would lead to a rise in the catering industry as the government every year hires catering contractors to cater to hajj pilgrims.

Market by Regions

Central region including Riyadh and north border would be the focal point in Catering Services Market in Saudi Arabia owing to growing constructions, airline, healthcare and industrial sector. Central region would grow at a rate of 7.4% during forecasted years. Rapid development of infrastructure, including upcoming smart city projects, malls and an overall increase in tourism opportunities in nearby cities of Riyadh would lead to the growth in use of catering during the forecast period.

Key Highlights of the Report

• Saudi Arabia Catering Services Market Overview
• Saudi Arabia Catering Services Market Outlook
• Saudi Arabia Catering Services Market Forecast
• Saudi Arabia Catering Services Market Trends
• Competitive Benchmarking
• Company Profiles
• Saudi Arabia Catering Services Market Revenue Share, By Companies
• Historical Data and Forecast of Saudi Arabia Catering Services Market Revenues for the Period 2018-2028F
• Historical Data and Forecast of Saudi Arabia Catering Services Market Revenues, By Types, for the Period 2018-2028F
• Historical Data and Forecast of Saudi Arabia Catering Services Market Revenues, By End Users, for the Period 2018-2028F
• Historical Data and Forecast of Saudi Arabia Catering Services Market Revenues, By Regions, for the Period 2018-2028F

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