Saudi Arabia’s Food Service Industry

According to P&S Intelligence, the Saudi Arabian food service market is poised for significant growth, with projections indicating a revenue of USD 32.2 billion in 2024, expected to reach USD 53.3 billion by 2030, reflecting a compound annual growth rate (CAGR) of 8.8%. This expansion is driven by several factors, including the increasing demand for home delivery services and the growing number of restaurants and retail malls across the nation. Urban centers like Riyadh, Jeddah, and Dammam are witnessing a surge in consumer preference for convenient meal options, influenced by rapid urbanization and evolving lifestyles.