Saudi Arabia: Food Service - Hotel Restaurant Institutional
Link to report:
U.S. exports of consumer-oriented food products to Saudi Arabia increased 23 percent over the past year to a record $656 million due to expansions in online shopping platforms. In June 2022, the Saudi government fully lifted all COVID-19 restrictions allowing the food service sector to return to pre-pandemic operations while also fully reopening the country to foreign visitors. These changes significantly increased the demand for food ingredients as well as the revenue of the food service sector. In 2023, the total value of the Saudi food service market was estimated at approximately $25 billion, and it is projected to grow approximately 10 percent annually over the next several years.
