What Innovations are Propelling the Saudi Food & Beverage Industry?

Executive Summary

Saudi Arabia F&B sector has seen a noticeable transformation from being a closed traditional structure to an open innovative one. Restaurants have changed their way they serve their customers and incorporated new technologies to enhance their operations. Food Delivery apps have now collaborated with many restaurants and are providing delivery services at the consumer doorstep. But there is still a long way to go in terms of technology adoption compared to other developed markets as FoodTech companies have started providing innovative solutions across the Food and Beverages value chain. Investments in food technologies will surely help restaurants in the longer run and stay profitable in challenging circumstances. There have been several innovations in the FoodTech sector across the globe, which could be adopted in a market like Saudi Arabia due to its demographics. The unexplored potential of Saudi F&B markets can be unlocked using latest technologies.

Key Discussion Points

• Saudi Arabia F&B Market structure overview
• Saudi Arabia Population and Consumption
• KSA Food Distribution market
• Journey of Saudi Arabia from frontier market to an emerging market
• Innovations in the Saudi Arabian F&B sector
• Technology advancements that can be implemented in the F&B sector
• Digital Payment Technologies
• Customer Support systems
• Restaurant Management systems

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Did you know?

• Saudi Arabia population is estimated at 36.2 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 2% until 2025.
• The Saudi Arabian Online Food Ordering and Delivery Market were valued at USD 511.2 million in 2020 which is forecast to grow at a 10.05% CAGR from 2021 to 2026.
• The Food inflation in Saudi Arabia is 2.4% which is expected to increase because of global supply chain disruptions due to global happenings like Russia-Ukraine War, Ban of export of food products in countries like Indonesia and much more.
• To utilize the tech advancements, Saudi has several startups emerging with high advanced technology to support restaurant and delivery business of Saudi Arabia.