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 F&B 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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