As per current published report by Markntel Advisors the Saudi Arabia Catering Services Market is estimated to grow at a CAGR of around 7.0% during the forecast period, i.e., 2023-28. A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.
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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.
The Saudi Arabia Catering Services Market has segmented the market into the following categories:
By Type
(Contractual, Non-Contractual),
By End User
(Corporate, Educational Institutes, Healthcare, Defense and Offshore, Mining & EPC, Sports & Leisure, Others),
By Model
(Client Pay B2B, Consumer pays/retail, B2C)
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By Region
– West
– East
– South
– North
– Central
Competitive Environment Featuring Key Players:
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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-The present and projected market outlook in light of recent changes, which include growth prospects and drivers as well as obstacles and constraints in both developed and emerging regions
-Using Porter’s Five Forces approach, provides a thorough examination of the market from a variety of angles.
-Uses the value chain to offer market intelligence.
-The state of the market dynamics and potential for future market expansion
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