Increasing Number of Religious Tourists and Development in the Education and Healthcare Infrastructure to Foster Future Growth of Saudi Arabia Catering Services Market: Ken Research - PowerPoint PPT Presentation

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Increasing Number of Religious Tourists and Development in the Education and Healthcare Infrastructure to Foster Future Growth of Saudi Arabia Catering Services Market: Ken Research

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This report will help industry consultants, catering service providers, retail chains, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future. – PowerPoint PPT presentation

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Title: Increasing Number of Religious Tourists and Development in the Education and Healthcare Infrastructure to Foster Future Growth of Saudi Arabia Catering Services Market: Ken Research


1
Increasing Number of Religious Tourists and
Development in the Education and Healthcare
Infrastructure to Foster Future Growth of Saudi
Arabia Catering Services Market Ken Research
2
The implementation of National Transformation
Program and Saudi Arabia Vision 2030, growing
construction sector and increasing number of
schools, hospitals, corporate offices and hotels
have aided the demand for catering services in
Saudi Arabia.
3
The report titled Saudi Arabia Catering Services
Market Outlook to 2021- Increasing Number of
Religious Tourists and Growth in the Education
and Healthcare Sector to Drive Future by Ken
Research suggested a robust CAGR of 7.5 in
revenue of the Saudi Arabia Catering Services
market by 2021 with changing customer preferences
and infrastructure investment driving the
revenues of this market in the future. The
Saudi Arabia Catering Services Market has seen
major share of demand from the hospitality sector
as Saudi Arabia saw an increase in number of
religious tourists and investment in developing
the tourism infrastructure. The industrial and
construction sector catering services demand
increased as government took several initiative
to revive the economy from the affect of falling
oil prices on different parts of the market. The
construction activities are expected to rise due
to growing infrastructure investment.
4
Saudi Arabian Railway Master Plan (2010-2040)
will further augment industrial catering services
market for labour camps. Moreover, programs such
as Kafalah Loan Guarantee Program and National
Industry strategy G2020 will increase
construction activity. Recent times have seen a
shift towards healthy foods and natural
ingredients as lifestyle-related diseases, such
as diabetes, cancer and blood pressure problems
have increased. People are becoming sensitive
regarding lifestyles and hygiene standards. This
change is expected to re-shape the catering
services in channels such as education, health
care, business services, labour camps and
hospitality. The Saudi Arabia education sector
is expected to grow exponentially on the back of
a rising population, increasing private sector
participation and growing demand for skilled
workforce. This segment is mainly served by the
domestic catering companies.
5
They primarily look for good quality food at
competitive prices. Rising number of tourists in
the country has also increased the airline
catering industry as the number of passengers
increased by 2.6 in 2016 as compared to 2015.
Moreover, Saudi Arabia has a huge number of
expatriates dominating the construction sector.
This segment creates significant demand for
catering services. Growing number of divorces has
aided the growth of catering services as people
remarry. The number of marriages in Saudi Arabia
has increased by 18.0 in 2016. The catering
industry also saw increasing use of technology
and modern methods of production which include
online ordering apps, vehicle tracking systems
and inventory management platform. This helped in
increasing the efficiency of various processes
involved in the catering business. The popularity
of fusion-food on the menu has grown in Saudi
Arabia supported by
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growing multi-cultural society due to the
presence of a large number of expatriates in the
country. Catering services offered a blend of
traditional and modern cuisine on their
menus. Key Topics Covered in the Report Saudi
Arabia Catering Companies Catering Service
Providers in Saudi Arabia Catering Business in
KSA Saudi Airline Catering Market Share Saudi
Arabia Catering Services Market Saudi Arabia
In-Flight Catering Services Market Saudi Airlines
Catering Company Revenue Saudi Arabia Corporate
Wedding Catering Market Meals Delivered by
Catering Companies KSA Industrial Catering
Industry Saudi Arabia
7
  • For further reading click on the link below
  • https//www.kenresearch.com/food-beverage-and-toba
    cco/food-services/saudi-arabia-catering-services-m
    arket/129370-11.html
  • Related Reports by Ken Research
  • https//www.kenresearch.com/food-beverage-and-toba
    cco/food-services/india-future-foodservice-2020/12
    8589-11.html
  • https//www.kenresearch.com/food-beverage-and-toba
    cco/food-services/spain-future-foodservice-2020/12
    8588-11.html
  • https//www.kenresearch.com/food-beverage-and-toba
    cco/food-services/brazil-future-foodservice-2021/1
    28592-11.html

8
Contact Ken Research Ankur Gupta, Head
Marketing Communications query_at_kenresearch.com
91-124-4230204
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