Saudi Arabia Catering Services Market 2019-2025: Market Forecast by Types, End-Users, Regions, and Competitive Landscape - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 3, 2019--
The “Saudi Arabia Catering Services Market (2019-2025): Market Forecast by Types, by End-Users, by Regions, and Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering.
Saudi Arabia Catering Services Market is projected to grow at a CAGR of 2.7% during 2019-25.
The Saudi Arabia catering services market is expected to experience a decent growth over the coming years. Under the Saudi Vision 2030, the government plans to spend heavily upon its non-oil sectors such as infrastructure development, healthcare sector, education sector and several others. This in turn, would generate the demand for catering services in Saudi Arabia. Furthermore, growing religious tourism in the country would also drive the growth of catering services in Saudi Arabia.
The contractual catering services segment is the highest revenue generating segment in the catering services market of Saudi Arabia owing rising demand for catering services in several sectors such as education, healthcare etc. Further, the market of non-contractual segment is anticipated to register higher growth over the former one during the forecast period.
In 2018, the industrial vertical accounted for the highest share in terms revenues and the vertical is also heading towards growth after experiencing a decline in the year 2017. However, other verticals such as In-flight and educational are considered as the key growing verticals.
The report thoroughly covers market by types, end-users and regions. The report provides an unbiased and detailed analysis of the on-going Saudi Arabia catering services market trends, opportunities high growth areas and market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.
Key Highlights of the Saudi Arabia Catering Services Market Report
For more information about this report visit https://www.researchandmarkets.com/r/etss6h
View source version on businesswire.com:https://www.businesswire.com/news/home/20191203005749/en/
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KEYWORD: MIDDLE EAST SAUDI ARABIA
INDUSTRY KEYWORD: RETAIL RESTAURANT/BAR
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 12/03/2019 10:34 AM/DISC: 12/03/2019 10:34 AM