Saudi Arabia Full Service Restaurants Market Size

The market size of full-service restaurants in Saudi Arabia is experiencing significant growth, driven by a diverse range of cuisines. Middle Eastern cuisine remains a major segment, deeply rooted in local culture and emotional connections, while Latin American cuisine, particularly Mexican, is the fastest-growing segment. Asian cuisine also holds a substantial market share, with Japanese cuisine gaining popularity. This growth trajectory reflects the evolving culinary landscape in Saudi Arabia, as it aims to attract a larger number of international visitors, further boosting the restaurant market.

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Saudi Arabia Full Service Restaurants Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 14.62 Billion
svg icon Market Size (2029) USD 22.25 Billion
svg icon Largest Share by Cuisine Middle Eastern
svg icon CAGR (2024 - 2029) 8.77 %
svg icon Fastest Growing by Cuisine Latin American

Major Players

Saudi Arabia Full Service Restaurants Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Saudi Arabia Full Service Restaurants Market Analysis

The Saudi Arabia Full Service Restaurants Market size is estimated at 14.62 billion USD in 2024, and is expected to reach 22.25 billion USD by 2029, growing at a CAGR of 8.77% during the forecast period (2024-2029).

14.62 Billion

Market Size in 2024 (USD)

22.25 Billion

Market Size in 2029 (USD)

5.54 %

CAGR (2017-2023)

8.77 %

CAGR (2024-2029)

Largest Segment by Outlet Type

62.31 %

value share, Independent Outlets, 2023

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The high popularity of unique and diverse dining experiences, coupled with a rising number of restaurants offering localized cuisine and competitive prices, has led to growth.

Largest Segment by Cuisine Type

45.30 %

value share, Middle Eastern, 2023

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The availability of a variety of dishes, including regional specialties, in the area is attracting a diverse range of customers and increasing the trajectory of growth.

Fastest-growing segment by Outlet Type

9.14 %

Projected CAGR, Chained Outlets, 2024-2029

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The increasing attraction for consistency in menu, service, and ambiance is appealing to consumers who seek reliable dining options leading to growth in the region.

Fastest-growing segment by Cuisine Type

12 %

Projected CAGR, Latin American, 2024-2029

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Increasing demand for unique flavors and ingredients offered by Latin American dishes is attracting a new customer base and contributing to the fastest growth.

Leading Market Player

0.40 %

market share, Americana Restaurants International PLC, 2022

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It operates with brands, such as Chicken Tikka and TGI Fridays. With a presence of over 1000 restaurants across the country, the company focuses on quality and excellent customer service.

The rapid surge in the ex-pat population from Asian countries playing a pivotal role in propelling the market growth

  • Middle Eastern cuisine holds a major segment in the market. It registered a CAGR of 3.71%, by value, from 2017 to 2022. Local Middle Eastern cuisine is familiar and comforting to many people in Saudi Arabia. They grew up eating these dishes and often have strong emotional connections to them. This can make local cuisine more appealing than foreign cuisines. Thus, the number of restaurants in Saudi is about 1,500 per 1 million population. Middle Eastern food is moving beyond being recognized for well-known feasts such as kebabs and shawarma.
  • Latin American cuisine is the fastest-growing in the country. It is projected to register a CAGR of 11.76%, by value, during the forecast period. The past several years have seen a rise in the popularity of Mexican cuisine in Saudi Arabia. Mexican restaurants offer a range of traditional and modern Mexican dishes such as tacos, burritos, salads, enchiladas, and guacamole. In 2022, Mexican dishes such as salads and tacos were priced at USD 6.8 per 300 g. Some popular Mexican restaurants in Saudi Arabia include Taqado Mexican Kitchen, El Chico, and Fuego Cocina y Cantina.
  • Asian cuisine holds the second major market share. It is projected to register a CAGR of 9.20% during the forecast period. Chinese, Japanese, and Thai cuisine were among the most popular Asian cuisines among Saudi Arabians. The demand for Japanese cuisine is expected to grow in the coming years, propelling the segment forward. The Kingdom of Saudi Arabia aims to attract 3.9 million visitors from China annually by 2030. Sushi restaurants have been around for a while. However, in recent years, other Japanese-focused businesses and eateries have begun to thrive in the area.
Saudi Arabia Full Service Restaurants Market

Saudi Arabia Full Service Restaurants Industry Segmentation

Asian, European, Latin American, Middle Eastern, North American are covered as segments by Cuisine. Chained Outlets, Independent Outlets are covered as segments by Outlet. Leisure, Lodging, Retail, Standalone, Travel are covered as segments by Location.

  • Middle Eastern cuisine holds a major segment in the market. It registered a CAGR of 3.71%, by value, from 2017 to 2022. Local Middle Eastern cuisine is familiar and comforting to many people in Saudi Arabia. They grew up eating these dishes and often have strong emotional connections to them. This can make local cuisine more appealing than foreign cuisines. Thus, the number of restaurants in Saudi is about 1,500 per 1 million population. Middle Eastern food is moving beyond being recognized for well-known feasts such as kebabs and shawarma.
  • Latin American cuisine is the fastest-growing in the country. It is projected to register a CAGR of 11.76%, by value, during the forecast period. The past several years have seen a rise in the popularity of Mexican cuisine in Saudi Arabia. Mexican restaurants offer a range of traditional and modern Mexican dishes such as tacos, burritos, salads, enchiladas, and guacamole. In 2022, Mexican dishes such as salads and tacos were priced at USD 6.8 per 300 g. Some popular Mexican restaurants in Saudi Arabia include Taqado Mexican Kitchen, El Chico, and Fuego Cocina y Cantina.
  • Asian cuisine holds the second major market share. It is projected to register a CAGR of 9.20% during the forecast period. Chinese, Japanese, and Thai cuisine were among the most popular Asian cuisines among Saudi Arabians. The demand for Japanese cuisine is expected to grow in the coming years, propelling the segment forward. The Kingdom of Saudi Arabia aims to attract 3.9 million visitors from China annually by 2030. Sushi restaurants have been around for a while. However, in recent years, other Japanese-focused businesses and eateries have begun to thrive in the area.
Cuisine
Asian
European
Latin American
Middle Eastern
North American
Other FSR Cuisines
Outlet
Chained Outlets
Independent Outlets
Location
Leisure
Lodging
Retail
Standalone
Travel
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Saudi Arabia Full Service Restaurants Market Size Summary

The Saudi Arabia Full Service Restaurants Market is experiencing significant growth, driven by a diverse range of culinary offerings and changing consumer preferences. Middle Eastern cuisine dominates the market, appealing to both locals and international tourists due to its familiarity and emotional connection. This segment's popularity is bolstered by traditional dishes that resonate with the local population. However, Latin American cuisine is emerging as the fastest-growing segment, with Mexican food gaining traction among residents. Asian cuisine, particularly Japanese, is also expanding, supported by a substantial Asian expatriate community. The increasing frequency of dining out, especially among the youth, coupled with high disposable incomes, is propelling the market forward, making full service restaurants a preferred choice for fine dining experiences.

The market landscape is characterized by a fragmented structure, with major players like Americana Restaurants International PLC and M.H. Alshaya Co. WLL holding a small share of the market. The rise in expatriate populations, particularly from Asia and Latin America, is influencing the growth of specific cuisines, leading to the expansion of Asian and Latin American restaurant brands. The economic development and diversification in Saudi Arabia are shifting dietary habits, with more residents opting for restaurant dining over home-cooked meals. This trend, along with the government's efforts to mitigate food price inflation through sustainable solutions, is shaping the future of the full service restaurant industry in the country.

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Saudi Arabia Full Service Restaurants Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Cuisine

      1. 1.1.1 Asian

      2. 1.1.2 European

      3. 1.1.3 Latin American

      4. 1.1.4 Middle Eastern

      5. 1.1.5 North American

      6. 1.1.6 Other FSR Cuisines

    2. 1.2 Outlet

      1. 1.2.1 Chained Outlets

      2. 1.2.2 Independent Outlets

    3. 1.3 Location

      1. 1.3.1 Leisure

      2. 1.3.2 Lodging

      3. 1.3.3 Retail

      4. 1.3.4 Standalone

      5. 1.3.5 Travel

Saudi Arabia Full Service Restaurants Market Size FAQs

The Saudi Arabia Full Service Restaurants Market size is expected to reach USD 14.62 billion in 2024 and grow at a CAGR of 8.77% to reach USD 22.25 billion by 2029.

In 2024, the Saudi Arabia Full Service Restaurants Market size is expected to reach USD 14.62 billion.

Saudi Arabia Full-Service Restaurants Market Report Snapshots

Saudi Arabia Full Service Restaurants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029