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GCC Food Service MarketGCC Food Service Market by Type (Full Service Restaurants, Quick Service Restaurants, Others), by Forecast 2026-2034
The GCC Food Service Marketsize was valued at USD 31.80 USD Billion in 2023 and is projected to reach USD 128.73 USD Billion by 2032, exhibiting a CAGR of 22.11 % during the forecast period. GCC Food Service defines a broad category of food service operations within the countries of the Gulf Cooperation Council, which includes different subtypes including QSR, casual dining, contract catering, and institutional food services. These services are flexible on regional preferences, focused on hygiene, and where traditional and international food options are offered. Some trends that are worth mentioning are an optimized supply chain, better quality concerning food safety, and an increasing focus on digitalization regarding ordering and delivery processes. Practical uses range from business organizations’ food service to hospitals, catering services in functions or parties, and the hospitality industries in general effectively targeting the diversity and cultural customers in the GCC.
Type:
May 2022: The parent company of Hardee’s restaurant CKE Restaurants Holdings, Inc., partnered strategically with Universal Pictures to promote the movie “Jurassic World Dominion.” As a part of this strategy, the company introduced new movie-themed burger products in the market.
January 2022: Halwani Bros. Co. invested around USD 53 million in a non-binding agreement with Aquat Food Industries Co. Through this agreement, the company aims to supply locally-produced food products required to operate Albaik restaurants in Egypt.
December 2021: Riyadh International Catering Corporation, the Saudi Arabia franchisor of McDonald's restaurants, opened the 200th branch of the company on Riyadh Boulevard. This expansion will help to increase the revenue of the company.
The report encompasses:
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 22.11% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 22.11%.
Key companies in the market include Starbucks Corporation (U.S.), Yum! Brands, Inc. (U.S.), McDonald’s Corporation (U.S.), Restaurant Brands International Inc. (Canada), Domino’s Pizza, Inc. (U.S.), Papa John's International, Inc. (U.S.), ALBAIK Food Systems Company Ltd. (Saudi Arabia), Herfy Food Services Co. JSC, KSA. (Saudi Arabia), Kitopi (United Arab Emirates), Aura Group (Qatar).
The market segments include Type.
The market size is estimated to be USD 31.80 USD Billion as of 2022.
Expansion of International Brands in Saudi Arabia to Fuel Market Growth.
Rising Popularity of Veganism to Fuel Market Growth.
Greater Reliance on Food Imports and Limited Availability of Natural Resources Inhibit the Market Growth.
May 2022: The parent company of Hardee’s restaurant CKE Restaurants Holdings, Inc., partnered strategically with Universal Pictures to promote the movie “Jurassic World Dominion.” As a part of this strategy, the company introduced new movie-themed burger products in the market
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3850, USD 4850, and USD 5850 respectively.
The market size is provided in terms of value, measured in USD Billion.
Yes, the market keyword associated with the report is "GCC Food Service Market," which aids in identifying and referencing the specific market segment covered.
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
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