Saudi Arabia Cafes market was
valued USD 4.79 Billion in 2020 and is
forecast to grow at CAGR of over 7.54% in the next five years. The increasing
per capita income, rising number of tourists, growing western influence,
changing consumer tastes and preferences and rapid expansion in café services,
are the major drivers for the Saudi Arabia cafés market.
Furthermore, the online café services industry has expanded dramatically, with
significant technological advances facilitating the development of the online
platform and allowing for a better user experience and convenience. The
increasing use of online café services by millennials and the younger
population has been a major driver for the growth of Saudi Arabia cafés market
over the years.
Due to
the government's strict regulations during pandemic, all cafés were closed,
forcing them to shift to home delivery services. As most people are addicted to
the taste of a particular café, this increased the overall demand for online
food ordering from cafés. As Saudi Arabia has an internet penetration rate of
95.72% as of 2019, the majority of people preferred to order online during the
pandemic.
The
tourism industry in Saudi Arabia is changing as a result of private and public
sector efforts to diversify the tourist base and the purpose of visiting Saudi
Arabia. The number of tourists visiting the country is increasing, which is
boosting domestic tourism. In 2019, approximately 19 million people visited the
country for religious and other reasons, a 10% increase from 2017. The
increasing number of foreign workers, as well as millions of pilgrims visiting
the country has augmented the tourism, resulting in the growth of the Saudi Arabia
cafés market.
Saudi
Arabia cafés market is categorized by ownership, by segment, by sales channel,
by region and by company. In terms of ownership, the Saudi Arabia cafés market
is segmented into Chain Outlets & Standalone outlets. Among which, Chain
Outlets have accounted for the majority of shares in the country’s cafés market
and this segment is expected to continue its dominance over the forecast period
on account of changing tastes and preferences of people. One reason for this
segment's rapid growth is the widespread use of the internet and social media,
which has exposed a large number of Saudis to western food and culture. Cafés are
increasing in number in Saudi Arabia, with international brands like
Applebee’s, Outback Steak House, Chilis, and TGI Fridays marking their
presence.
In terms of region,
the Saudi Arabia cafés market is categorized into Western, Central, Eastern,
Southern and Northern region. Western region is the dominant region in Saudi
Arabia cafés market in 2020 followed by the central region and is expected to
maintain its dominance in the forecast period due to changing lifestyle and
preferences, rising per capita income, and growing population.
Some of the major
players operating in the Saudi Arabia cafés market are Applebee’s, Starbucks, T.G.I. Friday’s, Chili’s, Java Time, etc.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021E
Forecast Period: 2022F-2026F
Objective of the
Study:
- To analyze the historical growth in the market
size of the Saudi Arabia cafés market from 2016 to 2020.
- To estimate and forecast the market size of
the Saudi Arabia cafés market from 2021E to 2026F and growth rate until
2026F.
- To classify and forecast Saudi Arabia cafés
market based on by ownership, by segment, by sales channel, by region and
by company.
- To identify the dominant region or segment in
the Saudi Arabia cafés market.
- To identify drivers and challenges for the
Saudi Arabia cafés market.
- To examine competitive developments such as
expansions, new cafés launches, mergers & acquisitions, etc., in the
Saudi Arabia cafés market.
- To identify and analyze the profiles of
leading players operating in Saudi Arabia cafés market.
- To identify key sustainable strategies adopted
by market players in Saudi Arabia cafés market.
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TechSci Research performed both primary
as well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of service providers across the country. Subsequently,
TechSci Research conducted primary research surveys with the identified
companies. While interviewing, the respondents were also enquired about their
competitors. Through this technique, TechSci Research could include the service
providers which could not be identified due to the limitations of secondary
research. TechSci Research analyzed the service providers, and presence of all
major players across the country.
TechSci Research calculated the market size of Saudi Arabia cafés market
using a bottom-up approach, wherein data for various segments were recorded and
forecast for the future years. TechSci Research sourced these values from the
industry experts and cafés chain representatives and externally validated them
through analyzing historical data of these segments for getting an appropriate,
overall market size. Various secondary sources such as company websites, news
articles, press releases, company annual reports, investor presentations, and
financial reports were also studied by TechSci Research.
Key Target Audience:
- Café owners and franchise.
- Café end users.
- Research organizations and
consulting companies.
The study is useful in providing
answers to several critical questions that are important for the industry
stakeholders such as service providers, end-users, etc., besides allowing them
in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Saudi Arabia cafés
market has been segmented into the following categories, in addition to
the industry trends which have also been detailed below:
- Saudi Arabia Cafés
Market, By Ownership:
- Chain
Outlets
- Standalone
Outlets
- Saudi Arabia Cafés
Market, By Segment:
- Saudi Arabia Cafés
Market, By Sales Channel:
- Saudi Arabia Cafés
Market, By Region:
- Western
- Central
- Southern
- Eastern
- Northern
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies present in Saudi Arabia cafés market.
Available
Customizations
With the given market data,
TechSci Research offers customizations according to a company’s specific needs.
The following customization options are available for the report:
Company Information
Detailed analysis and
profiling of additional market players (up to five).