Increasing internet penetration and growing disposable income to fuel Saudi Arabia Online Food Ordering and Delivery Market
Increasing internet penetration and growing disposable income to fuel Saudi Arabia Online Food Ordering and Delivery Market
According to TechSci report on, “Saudi Arabia Online Food Ordering and Delivery Market By Operation Type (Food Aggregators and Restaurant-Based), By Source {Online (Mobile App and Web) and Offline}, By Payment (Mobile Wallet, Card Payment, Cash on Delivery and Net Banking), By Region, Competition Forecast & Opportunities, 2026”, Saudi Arabia online food ordering and delivery market was valued USD 511.21 Million in the 2020 which is forecast to grow at 10.05% CAGR during 2021 – 2026. Online food delivery service market is growing with the increased demand of convenient options for services. Work-life has become more hectic and the Gen-Z does not want to spend their hard-earned money and precious time in walking to the restaurants, thus online service brings the ease to hectic lifestyle. Also, increasing disposable and high internet penetration are supporting factors for the growth of the market. If the Saudi Arabia online food ordering and delivery market overcomes the challenge of high operational cost, the market can be expected to show more than expected growth in the forecast years.
Browse over 20 market data Figures spread through 69 Pages and an in-depth TOC on"Saudi Arabia Online Food Ordering and Delivery Market"
The report on Saudi Arabia online food ordering and delivery market is segmented by operation type, by source, by payment methods, and by region. Based on operation type the segments are categorized into food aggregators, and restaurant-based businesses. In the historical years, 2016 to 2019, food aggregators asserted their dominance in the market. Consumer chose online supplier over the restaurant visits because of how convenient it is. Consumers do not have to find time separately to visit the restaurant for the meals while they can simply pick their favorite set of dishes from multiple restaurants at once and enjoy their meal while multitasking.
While the whole world suffered from the pandemic, Saudi Arabia economy also suffered a hit but was recovered soon enough. In the later half of the year, Saudi Arabia online food ordering and delivery market showed an unexpected growth in the 2020. Due to pandemic and the imposed lockdown, consumer shifted the choice of food to a healthier home-cooked meal diet and avoided restaurant food. Lockdown further inhibited any tentative consumer from visiting restaurants. All this caused downfall in the business which was soon overcome by the online delivery systems with their no-contact delivery and online payment methods.
Major players operating in Saudi Arabia online food ordering and delivery market include Talabat, Hunger Station, Careem, Jahez, Mrsool Inc, Jahez, Lugmety, Toyou, Mathagi, The Chefz, Wssel, among others. Restaurants delivering food through online booking often offer attractive discounts and coupons to the users intending to push their ordering volume. The companies also offer various promotional schemes like buy one get one free or offer complimentary food items with the ordered items to gain competitive edge in the market. Such promotional schemes significantly propel the users to opt for online food ordering and delivery services, thereby contributing to the market growth.
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“Western Region was the highest revenue generating region in Saudi Arabia online food ordering and delivery market, accounting for 43.79% share in 2020. Furthermore, the region is expected to remain the most dominating region during the forecast period as well and is expected to grab a share of 42.19% by 2026, advancing at a CAGR of 9.37% during the forecast period. The growth of the region is attributed to high population density, growing industrialization and increasing food joints and restaurants in the region. Furthermore, western states like Jouf, Tabuk, Jeddah, Medina, and Mecca exhibit huge growth potential owing to the presence of large urban agglomerations, which results in higher usage of internet and smartphone, which in turn leads to greater demand for online food ordering and delivery services.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia Online Food Ordering and Delivery Market By Operation Type (Food Aggregators and Restaurant-Based), By Source {Online (Mobile App and Web) and Offline}, By Payment (Mobile Wallet, Card Payment, Cash on Delivery and Net Banking), By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Saudi Arabia online food ordering and delivery market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia online food ordering and delivery market.
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