23 Apr 2024
MENA OOH Dining to Reach $82B 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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