Saudi Arabia catering services market is expected to grow at a CAGR of 6.91% during the forecast period 2023-2027.
Saudi Arabia catering services market was valued at USD5.99 billion in 2021 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 6.91% during the forecast period 2023-2027. The market’s growth can be attributed to the inflating popularity of fusion cuisine on menus in Saudi Arabia on account of the developing multi-cultural society and the presence of a considerable number of expatriates across the country. The expanding working population across Saudi Arabia is further stimulates the growth for catering services market. The rising construction of commercial buildings, schools, hospitals, and IT parks has augmented the expansion of catering services industry, which is expected to support the catering services market in the forthcoming years.
The tourism and hospitality industry are prominently connected to the catering services market, and the Government of Saudi Arabia has taken various steps to bolster the tourism and Hajj pilgrims in the kingdom following COVID-19. People across the country started paying greater attention to their health and inclined towards more nutritional and healthy food when the novel coronavirus affected their immune systems.
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