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Saudi Arabia Grocery Delivery Market Size
The grocery delivery market is expected to grow to US $2.8 billion by 2028 at an 18.2% CAGR; a growth rate 3 times higher than the 6% CAGR of the meal delivery market.
This growth is driven by the fact that grocery delivery is still in its infancy in Saudi, due to the segment coming later into the Saudi market.
There are a growing number of grocery delivery players in the space such as Nana and Ninja, and Saudi is still witnessing the early days of changing consumer habits towards online grocery shopping.
Moreover, incumbent retailers such as Panda and Al Rawa are yet to enter the market with their e-commerce operations, which will further sustain that growth.
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The Future of Food Delivery in Saudi Arabia
The KSA food delivery market, worth US $10 billion in 2023, is expected to hit $14.9 billion by 2028, with food-delivery startups playing a central role in driving that growth, capitalizing on shifting consumer needs. These emerging companies have captured 45% of the $600 million investment in the KSA Foodtech sector, signaling a significant transformation in dining experiences and underscoring their essential role in shaping the future of food delivery in Saudi Arabia.
