Sweet Culinary Institute Market in Riyadh, Jeddah & Dammam to Boom at 29.9% CAGR by Ken Research
GURUGRAM, India, Feb. 8, 2024 /PRNewswire/ -- The Sweet Culinary Institute market in Riyadh, Jeddah, and Dammam is poised for significant growth, driven by a confluence of factors. Ken Research anticipates the market to surge from SAR 32.1 million in 2022 to SAR 118.7 million by 2028, reflecting a robust CAGR of 29.9%. Let's delve into the key trends fueling this exciting expansion.
A Sweet Recipe for Success:
- Government Initiatives: Saudi Vision 2030's focus on vocational training and diversifying the economy is driving investments in culinary education. Initiatives like the Culinary Arts Commission further boost market growth.
- Increased Culinary Tourism: Saudi Arabia's tourism sector is flourishing, creating demand for skilled professionals in the culinary field. Culinary institutes play a crucial role in upskilling aspiring chefs and bakers.
- Global Collaboration: Partnerships with renowned international institutions like Le Cordon Bleu are enhancing program quality and exposing students to diverse culinary trends and techniques.
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Market Segmentation: A Diverse Palette of Offerings
- By Program Type: Course/Awards dominate the market (56%), followed by Diplomas and Workshops. This trend reflects a preference for shorter, specialized skill-building programs.
- By Delivery Mode: Offline learning reigns supreme (83%), offering hands-on practical experience. Hybrid and online options are gaining traction, catering to diverse learning styles and schedules.
- By Region: Riyadh leads the pack (47%), followed by Jeddah and Dammam. The capital city's larger population and business hub status contribute to its market dominance.
Competitive Landscape: Baking a Brighter Future
- Emerging Demand for Diplomas: Growing interest in comprehensive training indicates potential for increased diploma programs.
- Short-Term Courses Gain Traction: Demand for commitment-free skill development suggests opportunities for expanding short-course offerings.
- Bridging the International Gap: Saudi institutes need to enhance features like faculty diversity, technology integration, and global exposure to match their European counterparts.
- Overcoming Cultural Barriers: Addressing societal biases against culinary professions can attract wider participation and talent.
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Recent Developments: Sweetening the Future
- Collaborations like Le Cordon Bleu's new institute in Riyadh and Sommet Education's partnership with FHM showcase continued international engagement.
- ZADK Culinary Institute's partnership with Culinary Arts Academy Switzerland highlights the focus on advanced program development.
- HTMi Saudi Arabia's dual certificates with Eurhodip and UNWTO demonstrate efforts to enhance international recognition.
Future Outlook: A Delicious Course for Prosperity
- Driven by the aforementioned factors, the market is expected to witness a CAGR of 29.9% between 2023 and 2028.
- The growing popularity of cloud kitchens and government support for tourism further bolster demand for skilled culinarians.
- Embracing international best practices and addressing cultural nuances will be crucial for market players to thrive.
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Taxonomy
Sweet Culinary Institute Market in Riyadh, Jeddah & Dammam
By Type of Programs
Diploma
Course/Awards
Workshops
By Mode of Delivery
Offline
Hybrid
Online
By Type of Region
Riyadh
Jeddah
Dammam
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Sweet Culinary Institute Market in Riyadh, Jeddah and Dammam
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