Saudi Arabia Online Food Delivery Market and Analysis Report – Opportunities and Forecast 2023-2030
Saudi Arabia Online Food Delivery Market Overview
Saudi Arabia online food delivery market is predicted to grow during the forecast period owing to the rapid urbanization with the increasing per capita income of consumers. Furthermore, rising popularity of interest usage and smartphones is propelling the market growth.
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Major Saudi Arabia Online Food Delivery Market Drivers
Online food delivery services offers flexibility and culinary options at customers preferred location. The platforms further provides various discounts and tracking facilities to customers experience. In addition, high availability of safer payment options such as CoD and online wallets which helps to save time and effort of customers is driving the Saudi Arabia online food delivery market.
The key factors supporting the growth of the online food delivery market in Saudi Arabia includes increasing disposable income and rising penetration of smartphone users. Due to the high purchasing power of consumers, the adoption of food ordering platforms is further boosting the market growth. Rapid urbanization along with the adoption of the western culture among young population will support the online catering services in KSA. Moreover, the concept of cloud/online kitchen is anticipated to propel the online food delivery market in KSA.
KSA online food delivery market is gaining traction due to the hectic lifestyle of consumers. Increasing preference for the express delivery food and contactless food delivery after pandemic. In addition, change in consumer taste and preference of middle class population is creating more opportunities for meal delivery in Saudi Arabia. Growing demand for Home-cooked food delivery among consumers
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Saudi government planned to reduce dependency on oil sector and to expand non-oil sectors. The government is spending in food delivery services which is creating more job opportunities for people and companies. For example, Social Development Bank signed a 3 years partnership agreement with CITC to provide funding to self-employed individuals to buy own vehicles while working with food delivery companies in 2021.
Food companies are also adopting latest technologies such as automation, AI and monthly plans for meal delivery throughout the KSA. These technologies will help customers to see delivery timing and location. Some of the food delivery application in KSA including Talabat, MRSOOL among others. MRSOOL is the On-demand food delivery applications which serves more than 4 million users in the Saudi Arabia. Even, restaurants are providing contactless payment options and healthy food delivery choices due to the expansion of online meal ordering systems is expected to propel the market growth.
Key Development
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- In 2022, Jahez, food delivery platform in KSA planned to acquire Chefz to strengthen its market position in the online food delivery services.
- In 2022, TakerGo Platform completed the acquisition of Brisk Delivery. Food tech based company, Taker planned to provide delivery solutions that connects restaurants with delivery service provider.
Segments covered in the Report:
The Saudi Arabia Online Food Delivery Market has been segmented on the basis of Business Model and Platform Type. Based on the Business Model, the market is segmented into Logistics-focused Food Delivery System, Order-focused Food Delivery System, Restaurant-specific Food Delivery System. Based on the Platform Type, the market is segmented into Mobile/Tablet Applications, Websites.
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|
Report Coverage |
Details |
| Market Revenues (2022) |
USD Million |
| Market Base Year |
2022 |
| Market Forecast Period |
2023-2030 |
| Base Year & Forecast Units |
Revenues (USD Million) |
| Market Segment | By Business Model, By Platform Type |
| Regional Coverage | Saudi Arabia |
| 25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Saudi Arabia Online Food Delivery Market by Business Model
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- Logistics-focused Food Delivery System
- Order-focused Food Delivery System
- Restaurant-specific Food Delivery System
Saudi Arabia Online Food Delivery Market by Platform Type
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- Mobile/Tablet Applications
- Websites
Related Reports
- Published Date: Dec-2023
- Report Format: Excel/PPT
- Report Code: UP3606-001001
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The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
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Report is shared with unlimited user (employees) of the purchasing corporation only
Saudi Arabia Online Food Delivery Market and Analysis Report – Opportunities and Forecast 2023-2030
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