1. What is the projected Compound Annual Growth Rate (CAGR) of the GCC Food Service Market?
The projected CAGR is approximately 22.11%.
GCC Food Service MarketGCC Food Service Market Decade Long Trends, Analysis and Forecast 2025-2033
GCC Food Service Market by Type (Full Service Restaurants, Quick Service Restaurants, Others), by Forecast 2025-2033
Base Year: 2024
100 Pages
GCC Food Service Market Decade Long Trends, Analysis and Forecast 2025-2033
GCC Food Service Market Decade Long Trends, Analysis and Forecast 2025-2033
Key Insights
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.
GCC Food Service Trends
- The rise of quick-service restaurants (QSRs) and casual dining restaurants (CDRs)
- Growing demand for convenience and value-for-money options
- Increasing popularity of food delivery and online ordering services
- Adoption of technology in the food service sector
Driving Forces: What's Propelling the GCC Food Service Market
- Rapid Urbanization & Population Growth: The GCC region is witnessing an unprecedented surge in urban populations, coupled with consistent demographic expansion. This translates to a larger consumer base actively seeking diverse and convenient food options, directly fueling demand in the food service sector.
- Surging Disposable Income Levels: A significant rise in disposable income empowers consumers to allocate more of their spending towards dining out and exploring premium culinary experiences. This trend is particularly evident among younger demographics and expatriate communities, driving demand for a wider array of restaurants and food outlets.
- Flourishing Tourism & Hospitality Sector: The GCC's strategic focus on becoming a global tourism hub, with world-class attractions and a robust hospitality infrastructure, directly benefits the food service market. Tourists, business travelers, and event attendees are key drivers of F&B consumption, demanding both local flavors and international cuisines.
- Supportive Government Initiatives & Regulatory Policies: Governments across the GCC are actively promoting economic diversification and supporting the growth of the F&B industry. Initiatives like simplified licensing, food safety standards, and investment incentives create a favorable ecosystem for businesses to thrive and expand their operations.
- Conducive Investment Environment: The region offers an attractive landscape for both local and international investors. Political stability, a business-friendly approach, and access to capital make the GCC a prime destination for establishing and scaling food service ventures, from quick-service restaurants to fine-dining establishments.
Challenges and Restraints in the GCC Food Service Market
- High operating costs
- Competition from international and local players
- Fluctuations in food prices
- Rising labor costs
- Government regulations
Emerging Trends in GCC Food Service
- Health-conscious food options
- Use of social media and online platforms
- Focus on sustainability and environmental consciousness
- Rise of cloud kitchens and ghost restaurants
Growth Catalysts in the GCC Food Service Industry
- Government investments and incentives
- Expanding tourism sector
- The growing population of expatriates
- Increasing demand for home delivery and takeaway services
Market Segmentation: GCC Food Service Analysis
Type:
Leading Players in the GCC Food Service Market
- Starbucks Corporation
- Yum! Brands, Inc.
- McDonald’s Corporation
- Restaurant Brands International Inc.
- Domino’s Pizza, Inc.
- Papa John's International, Inc.
- ALBAIK Food Systems Company Ltd.
- Herfy Food Services Co. JSC, KSA.
- Kitopi
- Aura Group
Significant Developments in the GCC Food Service Sector
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.
Comprehensive Coverage GCC Food Service Market Report
The report encompasses:
- Market size and its growth trajectory
- Detailed market segmentation
- In-depth competitive landscape analysis
- Region-specific insights
- Consumer behavior analysis
- Drivers, Restraints, Opportunities, and Challenges (DROCs)
- SWOT analysis
Regional Insight
- Saudi Arabia
- United Arab Emirates
- Kuwait
- Oman
- Qatar
Consumer Side Analysis
- Consumer behavior
- Consumer preferences
- Consumer spending patterns
Swot Analysis
- Strengths
- Weaknesses
- Opportunities
- Threats
GCC Food Service Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 22.11% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Expansion of International Brands in Saudi Arabia to Fuel Market Growth
- 3.3. Market Restrains
- 3.3.1. Greater Reliance on Food Imports and Limited Availability of Natural Resources Inhibit the Market Growth
- 3.4. Market Trends
- 3.4.1. Rising Popularity of Veganism to Fuel Market Growth
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. GCC Food Service Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Full Service Restaurants
- 5.1.2. Quick Service Restaurants
- 5.1.3. Others
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1.
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. UAE GCC Food Service Market Analysis, Insights and Forecast, 2019-2031
- 7. Saudi Arabia GCC Food Service Market Analysis, Insights and Forecast, 2019-2031
- 8. Qatar GCC Food Service Market Analysis, Insights and Forecast, 2019-2031
- 9. Oman GCC Food Service Market Analysis, Insights and Forecast, 2019-2031
- 10. Bahrain GCC Food Service Market Analysis, Insights and Forecast, 2019-2031
- 11. Kuwait GCC Food Service Market Analysis, Insights and Forecast, 2019-2031
- 12. Rest of GCC GCC Food Service Market Analysis, Insights and Forecast, 2019-2031
- 13. Competitive Analysis
- 13.1. Market Share Analysis 2024
- 13.2. Company Profiles
- 13.2.1 Starbucks Corporation (U.S.)
- 13.2.1.1. Overview
- 13.2.1.2. Products
- 13.2.1.3. SWOT Analysis
- 13.2.1.4. Recent Developments
- 13.2.1.5. Financials (Based on Availability)
- 13.2.2 Yum! Brands Inc. (U.S.)
- 13.2.2.1. Overview
- 13.2.2.2. Products
- 13.2.2.3. SWOT Analysis
- 13.2.2.4. Recent Developments
- 13.2.2.5. Financials (Based on Availability)
- 13.2.3 McDonald’s Corporation (U.S.)
- 13.2.3.1. Overview
- 13.2.3.2. Products
- 13.2.3.3. SWOT Analysis
- 13.2.3.4. Recent Developments
- 13.2.3.5. Financials (Based on Availability)
- 13.2.4 Restaurant Brands International Inc. (Canada)
- 13.2.4.1. Overview
- 13.2.4.2. Products
- 13.2.4.3. SWOT Analysis
- 13.2.4.4. Recent Developments
- 13.2.4.5. Financials (Based on Availability)
- 13.2.5 Domino’s Pizza Inc. (U.S.)
- 13.2.5.1. Overview
- 13.2.5.2. Products
- 13.2.5.3. SWOT Analysis
- 13.2.5.4. Recent Developments
- 13.2.5.5. Financials (Based on Availability)
- 13.2.6 Papa John's International Inc. (U.S.)
- 13.2.6.1. Overview
- 13.2.6.2. Products
- 13.2.6.3. SWOT Analysis
- 13.2.6.4. Recent Developments
- 13.2.6.5. Financials (Based on Availability)
- 13.2.7 ALBAIK Food Systems Company Ltd. (Saudi Arabia)
- 13.2.7.1. Overview
- 13.2.7.2. Products
- 13.2.7.3. SWOT Analysis
- 13.2.7.4. Recent Developments
- 13.2.7.5. Financials (Based on Availability)
- 13.2.8 Herfy Food Services Co. JSC KSA. (Saudi Arabia)
- 13.2.8.1. Overview
- 13.2.8.2. Products
- 13.2.8.3. SWOT Analysis
- 13.2.8.4. Recent Developments
- 13.2.8.5. Financials (Based on Availability)
- 13.2.9 Kitopi (United Arab Emirates)
- 13.2.9.1. Overview
- 13.2.9.2. Products
- 13.2.9.3. SWOT Analysis
- 13.2.9.4. Recent Developments
- 13.2.9.5. Financials (Based on Availability)
- 13.2.10 Aura Group (Qatar)
- 13.2.10.1. Overview
- 13.2.10.2. Products
- 13.2.10.3. SWOT Analysis
- 13.2.10.4. Recent Developments
- 13.2.10.5. Financials (Based on Availability)
- 13.2.1 Starbucks Corporation (U.S.)
List of Figures
- Figure 1: GCC Food Service Market Revenue Breakdown (USD Billion, %) by Product 2024 & 2032
- Figure 2: GCC Food Service Market Share (%) by Company 2024
List of Tables
- Table 1: GCC Food Service Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 2: GCC Food Service Market Revenue USD Billion Forecast, by Type 2019 & 2032
- Table 3: GCC Food Service Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 4: GCC Food Service Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 5: UAE GCC Food Service Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 6: Saudi Arabia GCC Food Service Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 7: Qatar GCC Food Service Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 8: Oman GCC Food Service Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 9: Bahrain GCC Food Service Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 10: Kuwait GCC Food Service Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 11: Rest of GCC GCC Food Service Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 12: GCC Food Service Market Revenue USD Billion Forecast, by Type 2019 & 2032
- Table 13: GCC Food Service Market Revenue USD Billion Forecast, by Country 2019 & 2032
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
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
Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.
Frequently Asked Questions
2. Which companies are prominent players in the GCC Food Service Market?
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).
3. What are the main segments of the GCC Food Service Market?
The market segments include Type.
4. Can you provide details about the market size?
The market size is estimated to be USD 31.80 USD Billion as of 2022.
5. What are some drivers contributing to market growth?
Expansion of International Brands in Saudi Arabia to Fuel Market Growth.
6. What are the notable trends driving market growth?
Rising Popularity of Veganism to Fuel Market Growth.
7. Are there any restraints impacting market growth?
Greater Reliance on Food Imports and Limited Availability of Natural Resources Inhibit the Market Growth.
8. Can you provide examples of recent developments in the market?
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
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3850, USD 4850, and USD 5850 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in USD Billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "GCC Food Service Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
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.
13. Are there any additional resources or data provided in the GCC Food Service Market 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.
14. How can I stay updated on further developments or reports in the GCC Food Service Market?
To stay informed about further developments, trends, and reports in the GCC Food Service Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.