Reliable Data You Can Trust
Reliable Data You Can Trust
The country research report on
Saudi Arabia's online food delivery market is a customer intelligence and
competitive study of the Saudi Arabia market. Moreover, the report provides
deep insights into demand forecasts, market trends, and, micro and macro
indicators in the Saudi Arabia market. Also, factors that are driving and
restraining the online food delivery market are highlighted in the study. This
is an in-depth business intelligence report based on qualitative and
quantitative parameters of the market. Additionally, this report provides
readers with market insights and detailed analysis of market segments to
possible micro levels. The companies and dealers/distributors profiled in the
report include manufacturers & suppliers of the online food delivery market in
Saudi Arabia.
In recent years, the popularity of
online food delivery services has been growing trend tremendously. The online
food delivery business is going through a paradigm shift. The huge potential of
this market has resulted in the explosion of numerous online food ordering and
delivery websites in Saudi Arabia. The market has matured in Saudi Arabia, with
an overall compound annual growth rate of 8.56% over the forecast period of
2020-2026. The changing landscape of the food & beverage industry, rising
internet, and smartphone penetration among millennial consumers are some
factors intensifying the market expansion. Moreover, traditional as well as new
food delivery players have attracted significant investment in recent years.
These have stepped up their marketing efforts significantly to build
recognition for their brands rapidly.
The initial stages of the covid-19
pandemic and the ensuing strict lockdown had an adverse impact on Saudi
Arabia's online food delivery companies. But things picked up later on and the
recovery has been faster in this market. Starting with the unlock phases slowly
and steadily more and more restaurants opened their kitchens to satisfy the
needs of millions of consumers who were placing orders online. The COVID-19
lockdown restrictions along with digitalizing efforts of the Government of
Saudi Arabia have resulted in augmented online shopping activity. Since the
onset of the COVID-19 outbreak, the KSA experienced double-digit growth in
online food delivery. Additionally, substantial growth in orders placed online
was noted in June 2020, compared to online orders in April 2019. After the
COVID-19 outbreak, more consumers started ordering food online. On the other
side, the food delivery business brings with it a certain set of challenges
during the pandemic that must be navigated. Amidst the Coronavirus pandemic,
Uber Eats has discontinued its delivery services in 7 countries, including
Saudi Arabia.
The increasing sales of
smartphones and rising internet penetration also drive the market growth. In
terms of smartphone penetration, Saudi Arabia ranks third globally, and it is
ahead of countries such as the United States, Britain, France, and Germany.
Furthermore, the convenience associated with online food delivery increases the
demand for the market in Saudi Arabia. The online food delivery services
provide greater convenience to the users. The users can shuffle through
numerous restaurants, food items, and different cuisines at a single touchpoint
by sitting in their home, office, or any other place of convenience.
Conversely, the high cost of supply chain and logistics is the key restraint
for the market. The supply chain and logistics cost comprise the cost incurred
for order fulfillment, delivery cost, adjusting business resources to dynamic
market demand, and last-mile connectivity. Moreover, the emergence of
digitization and advanced online services provides growth opportunities. The
National Digital Transformation Unit is an important program to achieve the
vision of Saudi Arabia 2030. Recent growth in information technology in Saudi
Arabia has set the pace for an electronic revolution leading to the emergence
of online services.
The report on Saudi Arabia online
food delivery market provides a detailed analysis of segments in the market
based on service type, channel type, and mode of transaction.
·
Restaurant-controlled
·
Independent
·
Food App
Services
·
Others
·
Websites/Desktop
·
Mobile
Applications
·
Cash on
Delivery
·
Online
Highlights of the Report
The report provides detailed
insights into:
1) Demand and supply conditions of online food
delivery market
2) Factor affecting the online food delivery
market in the short run and the long run
3) The dynamics including drivers, restraints,
opportunities, political, socioeconomic factors, and technological factors
4) Key trends and future prospects
5) Leading companies operating in online food
delivery market and their competitive position in Saudi Arabia
6) The dealers/distributors profiles provide
basic information of top 10 dealers & distributors operating in (Saudi
Arabia) online food delivery market
7) IGR Matrix: to position the product types
8) Market estimates up to 2026
The report answers questions such as:
1) What is the market size of online food
delivery market in Saudi Arabia?
2) What are the factors that affect the growth
in the online food delivery market over the forecast period?
3) What is the competitive position in Saudi
Arabia online food delivery market?
4) What are the opportunities in Saudi Arabia
online food delivery market?
5) What are the modes of entering Saudi Arabia
online food delivery market?
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