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INDUSTRY NEWS AND INSIGHTS

23 Apr 2024

MENA out-of-home dining to reach $ 82 billion by 2028

MENA out-of-home dining to reach $ 82 billion by 2028

The Middle East and North Africa (MENA) out-of-home dining sector is projected to reach $81.82 billion by 2028.

The market value is expected to grow at a CAGR of 10.66% during the forecast period of 2023-2028, with full-service restaurants (FSR) and casual dining segment being the dominant segment owing to rising consumer’s disposable income.

Research also suggests that consumer foodservice outlets across the UAE generated Dh58.4 billion ($15.9 billion) in sales last year and this is expected to see a nearly 50% rise in sales in 2023 and the coming year.

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