Cafes/Bars in Saudi Arabia - New Market Study Published

Given Saudi Arabia's strict legislation and conservative culture, cafés/bars continued to benefit from being a popular meeting place, particularly among the country's large younger population. Chained specialist coffee shops in particular recorded strong growth towards the end of the review period, as they appeal to an increasingly wide range of consumers, from professional expatriates to the young local population trying to emulate Western lifestyles and culture.

Competitive Landscape

Costa Coffee, which is operated by Hassan Mohamed Jawad & Partners Commercial Co Ltd, leads the value sales in specialist coffee shops with a 22% share. Starbucks comes in second with a share of 20% in value terms. Both Costa Coffee and Starbucks are managed by strong operators that have strong foodservice presence in the GCC region. Such experience and knowledge about the local markets enabled the two brands to accelerate their presence and penetrate the traditional and rigid market of Saudi Arabia faster compared to other brands.

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Industry Prospects

Cafés/bars will continue to be popular meeting places and see strong growth over the forecast period, with an expected value CAGR of 8% at constant 2013 prices. While outlet expansion is predicted to proceed at a much slower pace, consumer spending will be fuelled by rising disposable incomes as well as specialist coffee shops widening their appeal to a larger consumer base. Growth is expected to be particularly strong for chained specialist coffee shops, recording a transaction volume CAGR of 10%, with strong branding and an upmarket image attracting many consumers to these outlets.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Cafés/Bars industry in Saudi Arabia with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Cafés/Bars industry in Saudi Arabia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Cafés/Bars in Saudi Arabia market research report includes:

* Analysis of key supply-side and demand trends
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Cafés/Bars in Saudi Arabia?
* What are the major brands in Saudi Arabia?
* What are the growth prospects for specialist coffee shops in Saudi Arabia?

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