Saudi Arabia Catering Market – Industry Trends and Forecast to 2028
MarkNtel Advisors, a prominent market research firm, has recently published a report titled Saudi Arabia Catering Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Saudi Arabia Catering market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.
Saudi Arabia Catering Reports Highlights
What is the size of the Saudi Arabia Catering Market?
The Saudi Arabia Catering Services Market size was valued at around USD4.88 billion in 2022 & is further expected to grow at a CAGR of about 7.0% during the forecast period 2023-28. The market is primarily driven by the increasing demand for catering services at events and social gatherings, hospitals, corporate offices, and educational institutions, among others. Other than this, the kingdom being the oil and gas giant, has witnessed higher demand of caterers for oil rigs to offer enough and on time food for offshore platforms. Over the years, the cities have been dotted with A’la carte restaurant and food trucks that is expected to bode well for the industry in the long run.
What do the growth prospects and trends look like in the Saudi Arabia Catering Industry?
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.
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What Components are encompassed within Saudi Arabia Catering Market segmentation?
The report has divided the market into the following segments:
By End User
-Business & Industry
-Defense and Offshore
-Mining & EPC
-Sports & Leisure
-Client Pay B2B
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Who are the Primary Companies or Entities active in the Industry?
The report covers the major market players including:
-Gulf Catering Company
-Tamimi Global Company Ltd.
-Saudi Catering & Contracting
-Saudi Airlines Catering
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