Report

Saudi Arabia Catering Services Market Report

116 pages Oct 2024
Saudi Arabia Catering Services

Saudi Arabia Catering Services Market Report and Forecast 2032

By Type (Contractual, Non-Contractual), By End-User (Corporates, Healthcare, Hospitality, Others (Aviation, Educational etc.)), By Model (Client PayB2B, Consumer Pays/Retail, B2C),...By Region (East, West, South, Central) Read more

  • Building, Manufacturing & Construction
  • Pages : 116
  • Oct 2024
  • Report Format :  

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Saudi Arabia Catering Services Market Insights & Analysis

The Saudi Arabia Catering Services Market was USD 5.4 Billion USD in 2024 and is expected to grow at a CAGR of around 6.5% during the forecast period 2024-32. The growing need for catering services in a range of contexts, including events, hospitals, educational institutions, corporate offices, and social gatherings, is one of the main aspects pushing the industry. Saudi Arabia, a key participant in the oil & gas sector, has seen a rise in the need for offshore oil rig catering services, guaranteeing a timely & adequate supply of meals. Furthermore, it is anticipated that the long-term growth of food trucks & restaurants in urban areas would have a good effect on the sector.

The market’s expansion has been significantly aided by Saudi Arabia’s Vision 2032 projects, which strive to diversify the nation’s economy and enhance tourism. Due to this initiative, massive projects & events have emerged that call for top-notch catering services. The companies have also profited from the increased popularity of international cuisines and the move toward healthier eating.

Saudi Arabia Catering Services Market FY32

Description of Image
  • Study Period: 2020- 2032

  • Base Year: 2024

  • CAGR(2024-2032): 6.5%

  • Market Value 2024: USD 5.4 Billion/Million

  • Major Players: Gulf Catering Company, Tamimi Global Company Ltd., Saudi Catering & Contracting, Algosaibi Services, Nesma Catering, Saudi Airlines Catering, and Others 

Additionally, customers can now more easily obtain catering services owing to technological advancements like delivery services & online ordering. The intense competition between restaurants that offer catering services & catering businesses has influenced the sector to focus on innovation & quality, which is fueling the Saudi Arabia Catering Services Market growth.

Saudi Arabia Catering Services Market Dynamics

  • Hosting Large-scale Events Within the Kingdom to Drive the Market Growth

The advent of large-scale mega-events & entertainment initiatives, changing consumer expectations, and Saudi Arabia's rising prominence as a global center for business, entertainment, sports, and tourism are contributing to the catering industry's transformation. The construction of corporate buildings has led to a surge in the demand for catering services, small- & medium-sized businesses are now providing VIP dining experiences for high-profile events and private meetings.

Additionally, Saudi Arabia's role as a host for various international seminars and conferences across different educational and industrial sectors has further fueled the Saudi Arabia Catering Services Market.

  • Lack of Qualified Professionals to Improve Kitchen Efficiency to Restrict the Growth

To be competitive, the Saudi Arabian Catering Services Market needs to address several challenges. One major issue is that kitchen managers are investing a lot in pricey equipment without giving their staff enough training on how to operate it properly. It is crucial to make sure that employees are trained in both, using modern technology and conventional culinary techniques. Therefore, the workers' lack of training would hamper the expansion of the industry.


Saudi Arabia Catering Services Market Report and Forecast 2032

Saudi Arabia Catering Services Market Segment-wise Analysis

By Type:

  • Contractual
  • Non-contractual

The Contractual segment has secured a significant share of the Saudi Arabia Catering Services Market, and this trend is expected to persist in the coming years. The need for contractual services has been majorly driven by the tourism industry, as it constantly serves both inbound & outbound tourists. For example, the Saudi Arabian government aims to accommodate nearly 330 million travelers by 2032, which would further enhance the demand for in-flight catering services.

Moreover, the government annually involves third-party caterers to offer meals for the ever-increasing number of Hajj pilgrims. Hence, with the government's objective of catering to more than 6 million pilgrims through the Pilgrimage Experience Program 2032, the catering business is set to experience significant growth, particularly in Mecca.

By Model:

  • Client Pay B2B
  • Consumer pays/retail
  • B2C

In the Saudi Arabian Catering Services Market, the Client Pay B2B segment is anticipated to have a sizable proportion between 2024 & 2032. In an industry that is undertaking a substantial transition, catering firms have been able to not only survive but also prosper due to their business models and service offerings. It is predicted that the need for B2B catering services would rise as more & more corporate organizations and service-related sectors in the kingdom try to capitalize on the increased revenue potential brought about by religious tourism & expanding trade operations.

A growing number of service-related industries and corporate entities in the kingdom are looking to tap into the burgeoning revenue potential that is resulting from religious tourism and expanding trade activities, which is expected to increase the demand for B2B catering services.                                                                                           

What Does Our Saudi Arabia Catering Services Market Research Study Entail?

  • Saudi Arabia Catering Services Market Research Report highlights the forecast growth rate or CAGR by anticipating the market size & share.
  • The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
  • Saudi Arabia Catering Services Market Research Report entails details about the most critical shifts in market share in the prominent regions.
  • Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.


Table of Contents

  1. Introduction
    1. Objective of the study
    2. Product Definition
    3. Market Segmentation
    4. Study Variables
  2. Research Methodology
    1. Secondary Data Points
      1. Companies Interviewed
    2. Primary Data Points
      1. Break Down of Primary Interviews
  3. Executive Summary
  4. Market Dynamics
    1. Drivers
    2. Challenges
    3. Opportunity Assessment
  5. Recent Trends and Developments
  6. Key Factors Considered by Companies While Selecting a Vendor
  7. Smart Measures Takes by Catering Vendors
  8. Saudi Arabia Catering Market Overview (2020-2032)
    1. Market Size (in USD Millions)
    2. Market Share, By Type
      1. Contractual
      2. Non-Contractual
    3. Market Share, By Operating Model
      1. In-House
      2. Outsourced
    4. Market Share, By Service Delivery Model
      1. Client/Company Paid
      2. User Paid
    5. Market Share, By End User
      1. Corporates
      2. Healthcare
      3. Hospitality
      4. Others (Aviation, Educational etc.)
    6. Market Share, By Enterprise Size
      1. Large (More than 500 Employees)
      2. Mid-Size (100-499 Employees)
      3. Small (Less than 100 Employees)
    7. Market Share, By Region
      1. East
      2. West
      3. South
      4. Central
    8. Market Share, By Company
      1. Competition Characteristics
      2. Revenue Shares & Analysis
  9. Saudi Arabia Contractual Catering Market Overview (2020-2032)
    1. Market Size (in USD Millions)
    2. Market Share, By Type
    3. Market Share, By Operating Model
    4. Market Share, By Service Delivery Model
    5. Market Share, By End User
    6. Market Share, By Enterprise Size
    7. Market Share, By Region
  10. Saudi Arabia Non-Contractual Catering Market Overview (2020-2032)
    1. Market Size (in USD Millions)
    2. Market Share, By Type
    3. Market Share, By Operating Model
    4. Market Share, By Service Delivery Model
    5. Market Share, By End User
    6. Market Share, By Enterprise Size
    7. Market Share, By Region
  11. Competitive Outlook (Company Profiles – Partial List)
    1. Gulf Catering Company
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    2. Tamimi Global Company Ltd.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    3. Saudi Catering & Contracting
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    4. Algosaibi Services
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    5. Nesma Catering
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    6. Saudi Airlines Catering
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    7. Al-Suwaiket Catering
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    8. Al-Suwaidi Services
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
  12. Contact Us & Disclaimer

Companies Mentioned

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

Frequently Asked Questions

   A. The Saudi Arabia Catering Services Market is predicted to grow at a CAGR of around 6.5% during the forecast period, i.e., 2024-32.

   A. The hosting of large-scale events within the kingdom to drive the Saudi Arabia Catering Services Market growth during 2024-32.

   A. The Client Pay B2B is expected to lead the Saudi Arabia Catering Services Market during the forecast period.

   A. The lack of qualified professionals to improve kitchen efficiency to restrict the growth of the Saudi Arabia Catering Services Market through 2032.

   A. Gulf Catering Company, Tamimi Global Company Ltd., Saudi Catering & Contracting, Algosaibi Services, Nesma Catering, Saudi Airlines Catering, Al-Suwaiket Catering, Al-Suwaidi Services, are the major competitors in the Saudi Arabia Catering Services Market.