The Future of Food Delivery in KSA: Exploring the $10B Market and Its Leading Players

May 25, 2024

The Future of Food Delivery in KSA: Exploring the $10B Market and Its Leading Players

In Saudi Arabia, HungerStation revolutionized the market in 2012. Eleven years later, the Saudi food delivery market is worth $10 billion, surpassing Canada’s projected $8.1 billion market in 2024, despite similar populations. The Kingdom boasts one of the highest average revenues per user globally at $208.

Since 2019, local foodtech startups in the Kingdom have attracted over $555 million in funding, with food delivery startups snapping up almost half of that total. Nana, a grocery delivery startup, is the most funded foodtech startup in the country, having raised over $200 million. Successful exits, like Jahez’s IPO in 2022 and HungerStation's acquisition by Delivery Hero, have further boosted investor confidence in the sector.

Discover more in this trailer for the Special Report: "The Future of Food Delivery in Saudi Arabia".

The Future of Food Delivery in Saudi Arabia

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