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Saudi Arabia Cafés Market insight, Report 2022-2028

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Saudi Arabia Cafu00e9s Market was worth USD 6.27 billion in the year 2021. The market is projected to grow at a CAGR of 10.6%, earning revenues of around USD 12.64 billion by the end of 2028. The Saudi Arabia Cafu00e9s Market is booming because of the growing urban population base, massive product awareness, and changing societal norms that are creating opportunities for restaurant and cafu00e9 owners across the country by meeting the demand for high-quality food as well as changing taste

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Saudi Arabia Cafés Market insight, Report 2022-2028

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  1. Saudi Arabia Cafés Market, By Category, Industry Size, Share, Trend Analysis and Forecast Report, 2022-2028

  2. Saudi Arabia Cafés Market - Industry Trends & Forecast Report 2028 A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Saudi Arabia Cafés Market was worth USD 6.27 billion in the year 2021. The market is projected to grow at a CAGR of 10.6%, earning revenues of around USD 12.64 billion by the end of 2028. The Saudi Arabia Cafés Market is booming because of the growing urban population base, massive product awareness, and changing societal norms that are creating opportunities for restaurant and café owners across the country by meeting the demand for high-quality food as well as changing tastes and preferences due to western influence. 

  3. Growth Drivers Surging Demand for Chain Outlets of Cafés The Chain Outlets of Cafés has accounted for the majority share in the Saudi Arabia Cafés Market in comparison to Standalone Outlets. With the growing popularity of fast foods and casual hangouts amongst the growing youth population, chained outlets are growing at a fast pace. Chain Outlets are increasing in number with international brands making expansions like McDonald’s, KFC, Applebee’s, Chilis, Dominos, etc. marking their presence in the country. Furthermore, the global chains have followed the strategy of customization and localization through intelligent modifications in their menus to cater as per the changing taste preferences of its consumers.

  4. Restraints  High Dependence on Online Platform The increasing dependence on the online platform due to the pandemic to order food from cafés is restraining the growth of the Saudi Arabia Cafés Market. This is because consumers lack trust while making payments via digital platform. However, the online platform is projected to witness significant growth opportunities owing to contact-less buying or delivery and cashless transactions options during the forecast period. Sample Copy: https://www.blueweaveconsulting.com/report/saudi-arabia-cafes-market/report-sample

  5. Impact of COVID-19 During the COVID-19 pandemic, cafés were negatively impacted due to lockdown measures. This is because many chained café outlets in Saudi Arabia faced temporary closures which greatly affected the business. Also, there was shortage of raw materials and labor due to complete lockdown. As social distancing was the norm at the time so café to be operational even after the lifting of national lockdown restrictions was next to impossible. And a significant number of outlets also closed permanently due to difficult economic conditions which they faced and found it impossible to sustain any further.

  6. Regional Insights Geographically, the Saudi Arabia Cafés Market is segmented into Western, Central, Eastern, Southern and Northern region. The Western region segment accounts to hold the largest share in the market owing to the well-established chain restaurants and rising disposable income. This trend is 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. Hence, all these factors are likely to increase the demand for cafés resulting in expansion of brands and impacting the growth of the Saudi Arabia Cafés Market during the forecast period.  

  7. Competitive Landscape Key players operating in Saudi Arabia Cafés Market are Sulalat Coffee, Applebee’s, Bateel, Starbucks, Elixir Bunn Coffee Roasters, T.G.I. Friday’s, Brew92, Chili’s, Bafarat Café, Java Time, Sizzler House, dr.CAFE COFFEE, Café Magad, Fuddruckers, Boho Café, Outback Steakhouse, Derby Coffee International and other prominent players

  8. Recent Development In March 2022, AG Café, the master franchisee of Canadian restaurant chain Tim Hortons in the Middle East, announced that it plans to expand the brand’s presence in Saudi Arabia by reaching to more than 200 coffee shops by 2024.

  9. Key Players Sulalat Coffee, Applebee’s, Bateel, Starbucks, Elixir Bunn Coffee Roasters, T.G.I. Friday’s, Brew92, Chili’s, Bafarat Café, Java Time, Sizzler House, dr.CAFE COFFEE, Café Magad, Fuddruckers, Boho Café, Outback Steakhouse, Derby Coffee International and other prominent players.

  10. About Us: Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well-informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade-off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavors successful.

  11. Contact Us:  +1 866 658 6826 +1 425 320 4776 +44 1865 60 0662  info(@)blueweaveconsulting.com  www.blueweaveconsulting.com

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