Saudi Arabia | Online food ordering and delivery market in the Kingdom expected to rise to $7.95 billion by 2029

Arab Weather - The online food ordering and delivery market in Saudi Arabia is expected to rise to $7.95 billion by 2029, up from $2.48 billion in 2023, at a CAGR of 21.44%.

Significant growth in recent years

According to Research and Markets, the online food ordering and delivery market in Saudi Arabia has witnessed significant growth and a radical shift in the way consumers access food in recent years. This growth reflects technological and social transformations that have positively impacted consumer behavior and the way they interact with food services.

Key factors behind growth

There are many factors that contribute to the growth of the online food and delivery market, the most prominent of which are:

1. Increasing Internet Penetration and Smartphone Usage: The rapid increase in internet penetration and smartphone usage are the major drivers for the growth of this market. These factors are making food ordering services more accessible and convenient.
2. Availability of high-speed internet services: High-speed internet services contribute to improving the user experience, which enhances the culture of convenience and ease in using food ordering applications.
3. Evolution of mobile applications: Smart applications contribute to changing consumer behavior and enhancing the trend towards using digital services to meet their daily needs, such as ordering food.

Based on these factors, the online food ordering and delivery market in Saudi Arabia is expected to continue to witness significant growth in the coming years.

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