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13 Mar 2024

The Future of Foodservice in Saudi Arabia Report

The Future of Foodservice in Saudi Arabia Report
JLL's report examines the food and beverage trends that are set to lead the way in The Kingdom of Saudi Arabia. Download your copy of the report today

The Saudi Arabian General Authority for Investment (SAGIA) forecasts that spending on food service will grow by 6% per annum over the next five years. The Saudi F&B industry accounted for 10% of gross domestic product (GDP) in 2018 according to the report, which also highlights the importance of the industry to the overall economy. JLL's report examines the food and beverage trends that are set to lead the way in The Kingdom of Saudi Arabia. Download your copy of the report today.

Saudi Arabia's Evolving Food & Beverage Industry

At the time of data collection and analysis, our region had not yet experienced the social and economic consequences of the outbreak of COVID-19. While the F&B landscape is expected to change, with restaurants facing cash-flow and operational restrictions, we remain positive in our outlook for the industry’s growth and the shift in trends. Saudi Arabia’s Food and Beverage (F&B) industry is the largest in the Middle East, valued at USD 45 billion. The Saudi Arabian General Authority for Investment (SAGIA) forecasts that spending on food service will grow by 6% per annum over the next five years (far ahead of the overall population growth of 1.8%), with food consumption reaching SAR 221 billion (USD 59 billion) by 2021. This growth is being driven by a number of demographic and social changes sweeping the Kingdom.

 

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