Surging demand from hospitality sector is driving the growth of Saudi Arabia Catering services Market, in the forecast period, 2022-2026.
According to TechSci report on, “Saudi Arabia Catering services Market By Service Type (Contractual, Non-Contractual) By Type (Wedding Catering, Corporate Catering, Restaurant Catering, Food-Truck Catering, Canteen Catering, and Others) By End User (Commercial, Industrial, Hospitality, Healthcare, In-Flight, Others) By Region, Competition Forecast & Opportunities, 2026”, Saudi Arabia catering services market has shown promising growth in historical years until 2019 and is expected to continue its growth in upcoming forecast years 2021 to 2026. Saudi Arabia catering services market owes its growth to the factors like rapidly evolving hospitality facility in the country. Kingdom of Saudi Arabia is supporting and evolving the hospitality industry with advanced technology and extended research about healthier meals, food safety measures and world-class services for the consumers including tourists visiting the country for various reasons are the factor is driving the growth of the market. Moreover, rising demand from high-income households and businesses would further substantiate the growth of the market in the next five years. Catering services involve serving the guests in any event or organizations with the delicacies while minding their palate, preferences, and health concerns. The catering services are major part of hospitality industry, often being related to quality experience for the consumers/ guests as well as the organizers.
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The Saudi Arabia catering services market is segmented by service type, type, end user, regional distribution, and competitional landscape. Based on type, the market is further segmented into wedding catering, corporate catering, restaurant catering, food-truck catering, canteen catering, and others. Wedding caterers are often event based catering services that depending upon the size of the event acquires different forte and number of employees waiting the tables and guests at the wedding. The buffet systems along with the roaming waiters serving the guests is often implemented in huge weddings. The culture of the Kingdom of Saudi Arabia often conducts huge events for the systems. Wedding caterers are often in businesses with the event management team and come as a contractual service provider. Corporate catering is implemented in the office, and other institutional catering service. Offices, hospitals, educational centers, etc. all use corporate catering services to feed the consumers. Rising number of these institution and demand for healthier food is supporting the growth of the market segment in the upcoming five years.
Based on service type, the market is further divided into contractual, and non-contractual. Contractual catering services are expected to hold the largest revenue shares of the market and assert its dominance over the market segment on the account of demands from the regular canteen, and offices that rather opt for a yearlong contractual service, such that they are more affordable, as well as are accustomed to the consumer’s palate. Moreover, he recent trends of contractual catering services also provides services in kitchen, lighting, and seating arrangements for the daily consumers thereby consistently supporting the growth of the market. The market players also, offer better schemes and better programs that the institution can afford for a complete year rather than outsourcing for various necessities. Rising number of weddings, restaurants, and buffet systems in the hotels is supporting the growth of the non-contractual catering services and thus it is expected to hold significant growth in the upcoming five years.
A partial list of market player in the Saudi Arabia catering services market includes Gulf Mahmal Support Services Company, Unique Catering Services Ltd, Almays Catering Solutions, Saudi Airlines Catering Company, Saudi Zoom Catering Company Ltd, ChefJee Catering Company, Algosaibi Services Co., Food House Catering, Saudia Catering, Al Dana Modern Services Center, Gulf Catering Company, Al-Karam Al-Arabi for Catering Services Limited, Atyab Gulf Catering Services, Saudi Catering & Contracting Co., Arabian Gannas Catering Co. Ltd., among others. These market players hold larger shares of the market than the new market players. With the evolving technology, it is appropriate to say that the effective research and development of the technologically advanced instruments and methods to satisfy consumer demands would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide such products and services that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
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“Hospitality sector is ever advancing and the surge in the demand for better and efficient catering services is aiding the expansion of the Saudi Arabia catering services market in the upcoming five years. New market entrants are required to research the market outlook and consumer habits before entering the market. Efficiency and maintenance of the food safety protocols is expected to substantiate the goals for new market players. Collaboration and deals with the restaurants and smaller canteen can help them establish themselves in local market. The Kingdom of Saudi Arabia has certain regulatory bodies that are efficiently monitoring and authorizing the catering service providers such the basic safety and hygiene is maintained. Approvals from the government organizations and regulatory authorities would support the new market players in establishing their own markets,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia Catering services Market By Service Type (Contractual, Non-Contractual) By Type (Wedding Catering, Corporate Catering, Restaurant Catering, Food-Truck Catering, Canteen Catering, and Others) By End User (Commercial, Industrial, Hospitality, Healthcare, In-Flight, Others) By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Saudi Arabia catering services market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia catering services market.
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