Steak is one of the food and beverage sub-category offered in restaurants, along with the meal deals and combinations and pizza sub-categories, according to GlobalData’s menu intelligence database. In its menu analysis of the steak sub-category in Saudi Arabia report, GlobalData analyses 1,386 menu items from different foodservice outlets and provides an overview of the food categories available across the foodservice channel in Saudi Arabia. According to the report, the steak sub-category constituted a 6% share among all restaurant types in Saudi Arabia. Buy the report here.
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Beef was found to be the most-used ingredient in the steak sub-category featuring in 96% of menu items, followed by vegetables and herbs, spices & seasonings. Cheese and fungi & mushrooms were also significant ingredients.
An analysis of the annual price change between 2023 and H1 2024 indicates that the average menu prices in the steak sub-category remained flat. As on-premises dining gains momentum following the COVID-19 pandemic, the steak sub-category in Saudi Arabia is expected to experience overall growth.
Different sub-categories exhibited mixed price movements within Saudi Arabia foodservice market between 2023 and H1 2024. Food sub-categories in Saudi Arabia witnessed price increase in their food offerings in the mentioned timeline. Out of these, beer, ale & cider sub-category saw highest price increase.
An in-depth analysis of steak sub-category price trend by location reveals consumption trends of each region. The graph below represents the change in steak sub-category menu prices during 2022-2024 across the top five locations. As seen below, steak sub-category menu items in Khobar became more affordable as compared to Alkhobar and Jeddah.
While consumers become more price conscious, operators too, look for ways to optimize their costs to retain margin and market share. In Saudi Arabia market, restaurants operators rely on innovation as a crucial tactic to appeal to customers as well as optimize costs. As increasing number of consumers seek novel experiences, foodservice operators must continuously innovate their menu choices, providing superior taste and quality along with a diverse selection of dishes. Operators should highlight the distinctive tastes and flavours of their food and beverage offerings in a convenient format to enhance customer engagement.
To further understand and explore GlobalData’s insight into Saudi Arabia sub-category menu, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Online Menu Intelligence is a database of cost and profit foodservice operators on menus within Foodservice Intelligence Center. The tool’s several search options, such as cuisine, category, menu item, ingredient, and restaurant, help users to conduct focused searches in terms of price analysis (average price and change in prices), menu item claims, popular categories, cuisine/ingredient penetration levels, etc.
