MENA Food Service Market
Description
MENA Food Service Market
Growth Factors of MENA Food Service Market
The MENA food service market size touched the valuation of USD 84.77 billion in 2023 and is predicted to reach the valuation of USD 92.48 billion in 2024. Characterized by the CAGR of 9.41% during the forecast period, the market is expected to hit USD 189.87 billion in 2032.
Characterized by domestic tourism and increasing spending on dining out, the growth market for food service in MENA is expected to skyrocket in coming years. Iran, Israel, and Gulf countries have a large presence of restaurants and hotel facilities which are the hubs for leisure activities, corporate meetings, and quick bites or meals. The MENA food service market growth is also set to bolster with its concept of cloud kitchens/ghost kitchens/dark kitchens. In addition, heavy reliance of the MENA’s economy on the oil and gas industry is set to propel the market growth.
Comprehensive Analysis of MENA Food Service Market
The market is being studied on various fronts including service type, type, and geography.
Based on the service type, the market is classified into commercial and institutional. The commercial segment takes the lead of MENA food service market share as it caters to a wide range of customers including individuals, families, and tourists and their variegated tastes and preferences. On the basis of type of restaurants, there are full service restaurants, quick service restaurants, institutes, and others. Among these, full service restaurants take the lion’s share as it offers a complete dining experience, table service, and comprehensive menus. These restaurants are known to serve an extensive range of cuisines including Arabic, Mediterranean, Asian, and Western.
Country wise, the market is studied across Saudi Arabia, Egypt, UAE, Algeria, Kuwait, Qatar, and Rest of the Middle East and North Africa. The bolstering growth of the market in these regions is defined by the busy and hectic lifestyles, change in the consumer preferences, and adoption of various digital technologies. The urban areas of the region are witnessing a rise in food delivery and pick up as food trucks, grab-and-go outlets, and street food vendors are more and more popular as they offer convenience. In addition, social responsibility and awareness regarding the environment have become one of the significant factors governing the demand for locally sourced ingredients and environmentally friendly packaging.
The competitive dynamics of the MENA food service market is well defined by various strategies including new food offerings of fusion dishes and traditional dishes. These food offerings are known for their exceptional tastes and providing different experiences to their consumers. The leading players of the market are Domino's Pizza, Inc., McDonald's Corporation, Pizza Hut, Taco Bell, and Burger King.
In December 2023, the Ritz-Carlton announced the launch of its new resort in the second half of 2024, inspired by a super yacht. The resort is set to cater to the exponential growth in the travel industry and increased tourism in Dubai.
Segmentation Table
MENA Food Service Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Growth Rate CAGR of 9.41% from 2024 to 2032
Segmentation
By Type
Full Service Restaurants
Quick Service Restaurants
Institutes
Others
By Service Type
Commercial
Institutional
By Country
Saudi Arabia
Egypt
UAE
Algeria
Kuwait
Qatar
Rest of MENA
Table of Contents
110 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Overview of the Global Food Service Market
- 4.2. Overview of Middle East and North Africa Food Industry
- 4.3. Middle East and North Africa Food Service Market Consumer Trends
- 4.4. Middle East and North Africa Population Trends
- 4.5. Industry SWOT Analysis
- 4.6. Food Service Supply Chain Framework
- 4.7. Recent Industry Developments: Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- 4.8. Qualitative Analysis Related to COVID-19
- 5. MENA Food Service Restaurants Market Analysis, Insights and Forecast, 2024-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Type (Value)
- 5.2.1.1. Full Service Restaurants
- 5.2.1.1.1. Fine Dining Restaurants
- 5.2.1.1.2. Casual Dining Restaurants
- 5.2.1.2. Quick Service Restaurants
- 5.2.1.3. Institutes
- 5.2.1.4. Others
- 5.2.2. By Service Type (Value)
- 5.2.2.1. Commercial
- 5.2.2.2. Institutional
- 5.2.3. By Country (Value)
- 5.2.3.1. Saudi Arabia
- 5.2.3.2. UAE
- 5.2.3.3. Kuwait
- 5.2.3.4. Qatar
- 5.2.3.5. Egypt
- 5.2.3.6. Algeria
- 5.2.3.7. Israel
- 5.2.3.8. Morocco
- 5.2.3.9. Rest of MENA
- 6. Competitive Matrix
- 6.1. Business Strategies Adopted by Leading Players
- 6.2. MENA Food Service Restaurants Market Revenue Share/Ranking Analysis, By Key Manufacturers, 2023
- 7. Company Profiles
- 7.1. Starbucks Corporation
- 7.1.1. Overview
- 7.1.2. Description
- 7.1.3. Product/Service Portfolio
- 7.1.4. Financials (Data as available in public domain and/or on paid databases)
- 7.1.5. Recent Developments
- 7.2. Yum! Brands, Inc.
- 7.2.1. Overview
- 7.2.2. Description
- 7.2.3. Product/Service Portfolio
- 7.2.4. Financials (Data as available in public domain and/or on paid databases)
- 7.2.5. Recent Developments
- 7.3. McDonald’s Corporation
- 7.3.1. Overview
- 7.3.2. Description
- 7.3.3. Product/Service Portfolio
- 7.3.4. Financials (Data as available in public domain and/or on paid databases)
- 7.3.5. Recent Developments
- 7.4. Restaurant Brands International Inc.
- 7.4.1. Overview
- 7.4.2. Description
- 7.4.3. Product/Service Portfolio
- 7.4.4. Financials (Data as available in public domain and/or on paid databases)
- 7.4.5. Recent Developments
- 7.5. Domino’s Pizza, Inc.
- 7.5.1. Overview
- 7.5.2. Description
- 7.5.3. Product/Service Portfolio
- 7.5.4. Financials (Data as available in public domain and/or on paid databases)
- 7.5.5. Recent Developments
- 7.6. ALBAIK Food Systems Company
- 7.6.1. Overview
- 7.6.2. Description
- 7.6.3. Product/Service Portfolio
- 7.6.4. Financials (Data as available in public domain and/or on paid databases)
- 7.6.5. Recent Developments
- 7.7. Aura Hospitality & Food Services
- 7.7.1. Overview
- 7.7.2. Description
- 7.7.3. Product/Service Portfolio
- 7.7.4. Financials (Data as available in public domain and/or on paid databases)
- 7.7.5. Recent Developments
- 7.8. Kitopi
- 7.8.1. Overview
- 7.8.2. Description
- 7.8.3. Product/Service Portfolio
- 7.8.4. Financials (Data as available in public domain and/or on paid databases)
- 7.8.5. Recent Developments
- 7.9. Chicking
- 7.9.1. Overview
- 7.9.2. Description
- 7.9.3. Product/Service Portfolio
- 7.9.4. Financials (Data as available in public domain and/or on paid databases)
- 7.9.5. Recent Developments
- 7.10. Kout Food Group
- 7.10.1. Overview
- 7.10.2. Description
- 7.10.3. Product/Service Portfolio
- 7.10.4. Financials (Data as available in public domain and/or on paid databases)
- 7.10.5. Recent Developments
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
