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Saudi Arabia Food Services Market Forecast & Opportunities, 2020-2024 & 2025-2030: McDonald's, KFC, and Domino's Strengthen Presence, Herfy Expands into Africa as Saudi Fast-Food Brands Go Global

1. Saudi Arabia's food services market to grow from $31.45B to $59.87B by 2030. 2. Urbanization and youth demographics drive demand for fast-food and delivery services. 3. International chains like McDonald's expand in the region, enhancing market competition. 4. Online payments now constitute 70% of retail transactions, boosting operational efficiency. 5. Supply chain complexities present challenges but businesses are improving logistics management.

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FAQ

Why Bullish?

The substantial growth forecast for Saudi food services favors MCD's expansion, similar to past growth spikes during market expansion phases.

How important is it?

A flourishing market indicates strong potential for MCD's growth; historical data suggests a correlation between local market expansions and company performance.

Why Long Term?

As the market evolves, MCD can establish a foothold, benefiting from ongoing trends for years, akin to its success in other emerging markets.

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Dublin, May 16, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Food Services Market, By Region, Competition, Forecast & Opportunities, 2020-2030F" has been added to ResearchAndMarkets.com's offering. The Saudi Arabia Food Services Market is forecasted to grow significantly, from USD 31.45 billion in 2024 to USD 59.87 billion by 2030, reflecting a CAGR of 9.04% This market expansion is driven by urbanization, a growing youth population, and rising disposable incomes leading to increased demand for convenient dining options and food delivery services. The Vision 2030 initiative further propels growth, enhancing investments in tourism and hospitality. An influx of international restaurant chains and local startups presenting diverse cuisines is aligning with consumers' evolving preferences, including a penchant for healthier and premium dining options. The online food delivery sector and quick-service restaurants (QSRs) are rapidly accelerating market growth. Key Market Drivers Expansion of Fast-Food Chains Across the Region Fast-food chains are leveraging rapid urbanization and a burgeoning young population in Saudi Arabia. For instance, Herfy Food Services, a leading Saudi fast-food chain, has expanded into Africa with outlets in Nigeria, operated by Eatrite Food Services West Africa. Eatrite plans to open 50 Herfy outlets in Nigeria over the next decade. International brands like McDonald's, KFC, and Domino's are also increasing their footprint, appealing to both local and expatriate consumers. The proliferation of fast-food chains is spurred by the rising trend of eating out and increased popularity of delivery services. Their strategic placement in high-traffic areas and adoption of digital ordering platforms elevate their market reach and align with Saudi Vision 2030's focus on the foodservice industry. Key Market Challenges Supply Chain Complexities Supply chain complexities pose a notable challenge, with a reliance on both local and international suppliers leading to vulnerabilities in cost and availability. Global price fluctuations, geopolitical tensions, and logistical disruptions can disrupt supply consistency and quality. The geographical diversity of Saudi Arabia complicates logistics, especially in rural and remote areas. To mitigate these challenges, businesses are enhancing supply chain management, local sourcing, and logistics partnerships. Despite these efforts, supply chain optimization remains crucial for sustaining market stability. Key Market Trends Rising Popularity of Online Payment The popularity of online payment methods is reshaping the Saudi Arabia food services market. The Saudi Central Bank reports digital payments accounted for 70% of all retail transactions, fueled by mobile wallets like Apple Pay and STC Pay. The convenience and security of digital payments are particularly favored in the food delivery segment. Adopting online payment solutions is essential for foodservice businesses aiming to stay competitive, as it enhances operational efficiency and customer experience, while providing valuable consumer insights for tailored marketing and inventory strategies. Key Market Players Olayan Saudi Holding CompanyAlamar Foods CompanyMcDonald'sHerfy Food Services CompanyShawaya House CompanyTanmiah Food CompanyStarbucks Coffee CompanyAmericana Restaurants International PlcDeli & Meal LLCD.ream international Key Topics Covered:1. Introduction 2. Research Methodology 3. Executive Summary 4. Voice of Customers 5. Saudi Arabia Food Services Market Outlook5.1. Market Size & Forecast5.2. Market Share & Forecast5.3. Saudi Arabia Food Services Market Mapping & Opportunity Assessment 6. Saudi Arabia Domestic Food Services Market Outlook6.1. Market Size & Forecast6.2. Market Share & Forecast 7. Saudi Arabia International Food Services Market Outlook7.1. Market Size & Forecast7.2. Market Share & Forecast 8. Market Dynamics 9. SWOT Analysis 10. Market Trends & Developments 11. Saudi Arabia Economic Profile 12. Policy & Regulatory Landscape 13. Competitive Landscape For more information about this report visit https://www.researchandmarkets.com/r/eo9v1v About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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