Meal Delivery Market Share Per Player
There are two dominant players in the Saudi food delivery landscape, and that is HungerStation and Jahez.
HungerStation was partially acquired by Rocket Internet’s FoodPanda in 2016; in 2023, the company was fully acquired and absorbed into Delivery Hero’s global portfolio of foodtech players.
Jahez successfully IPO’d on Saudi Arabia’s secondary stock exchange in 2022.
As the infobyte shows, HungerStation remains the dominant player, having been the first to market.
Back in 2019, HungerStation boasted a 65% market share of the meal delivery segment while Jahez only held 13% of the market.
Fast forward 3 years and in 2022, HungerStation and Jahez held less than 50% of the total Saudi market, indicating increased competition as new entrants such as MrSool gain momentum.
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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 startups snagged 45% of the $600 million raised by KSA's Foodtech sector, marking a transformative shift in dining experiences and highlighting their pivotal role in Saudi Arabia's evolving food landscape.
