| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| Market Size (2024) | USD 18.77 Billion |
| Market Size (2029) | USD 24.14 Billion |
| CAGR (2024 - 2029) | 5.20 % |
Saudi Arabia Agriculture Market Analysis
The Agriculture Market In Saudi Arabia Market size is estimated at USD 18.77 billion in 2024, and is expected to reach USD 24.14 billion by 2029, growing at a CAGR of 5.20% during the forecast period (2024-2029).
Saudi Arabia has been one of the largest agricultural markets in the GCC region over recent years. Several initiatives undertaken by the government to ensure food security, the shift toward greenhouse production, and the increase in the adoption of high-tech farming practices are some favorable factors driving the market growth in the country. For instance, in 2023, Saudi Arabia’s Ministry of Environment, Water, and Agriculture allocated USD 104.7 billion to develop 3,300 water projects. Such initiatives facilitate the development of the agriculture sector by bringing advanced farming technologies into the country. In terms of production, fruits hold the largest market share in the country. The fruits grown locally are more prevalent in the country. The common fruits produced in the country include dates, grapes, watermelon, figs, peaches, mangoes, and papaya. Dates, among other crops, are essential economic crops and are highly cultivated in Saudi Arabia. The favorable climatic conditions of the country make it feasible to cultivate dates at a higher volume, bringing in increased scope for export opportunities and driving the market. According to the International Trade Centre, Saudi Arabia ranked first globally in date exports, reaching USD 341.5 million with a volume of 321.1 thousand metric tons in 2022.
Saudi Arabia Agriculture Market Trends
Increasing Food Security Concerns
Food security is a national strategic objective for Saudi Arabia and a part of Saudi Vision 2030. Focusing on food security has resulted in increased domestic production of food crops and, eventually, an increased area under production to minimize import dependency on food. As per the FAO, the production of fruits in Saudi Arabia increased from 2,784,212.38 metric tons in 2019 to 2,889,843.75 metric tons in 2022. While Saudi Arabia has achieved its food security in some commodities, such as dates, eggs, and milk, the dependency on imports is still high in other essential products, including tomatoes and other fruits and vegetables. According to the World Food Security Index data for 2022, Saudi Arabia occupied the last place in the Gulf, although its economy topped the Arab world. This created a broader scope for improving agriculture, mainly producing food crops, including fruits and vegetables. Therefore, the government promotes production with financial assistance and water projects to achieve self-sufficiency in these commodities and expand food security.
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Expanding Export of Dates
Dates, among other crops, are essential economic crops and are highly cultivated in Saudi Arabia. The favorable climatic conditions of the country make it feasible to cultivate dates at a higher volume, bringing in increased scope for export opportunities and driving the market. According to the International Trade Centre, Saudi Arabia ranked first globally in date exports in 2022. The value of Saudi date exports in 2022 reached USD 341.5 million with a volume of 321.1 thousand metric tons. The country also witnessed the highest annual growth rate of exports over the past five years, with exports entering 113 countries. Despite the non-fertile desert terrains, low 40-100 mm rainfalls, and lack of natural water bodies and groundwater levels, the country achieved self-sufficiency in date production, exporting dates to neighboring countries. Moreover, Saudi Vision 2030 focuses more on the palm and date sector, as the value of palms and dates is almost 12% of the agricultural gross product and 0.4% of the non-oil gross product. Thus, with the increased export of dates in the country, the agriculture market of Saudi Arabia is anticipated to witness significant growth in the following years.
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Saudi Arabia Agriculture Industry Segmentation
In Saudi Arabia, agriculture witnessed a drastic change, with the conversion of large desert areas into productive farmlands using the latest and advanced technologies.
The Saudi Arabian Agriculture Market is segmented by Type into Food Crops/Cereals, Fruits, Vegetables, and Oilseeds and Pulses. The report includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The report offers market size and forecasts in terms of value (USD) and volume (metric tons) for all the above segments.
| Type (Production Analysis by Volume, Consumption Analysis by Volume and Value, Import Analysis by Volume and Value, Export Analysis by Volume and Value, and Price Trend Analysis) | Food Crops/Cereals |
| Fruits | |
| Vegetables | |
| Oilseeds and Pulses |
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Saudi Arabia Agriculture Market Research FAQs
How big is the Agriculture Market In Saudi Arabia Market?
The Agriculture Market In Saudi Arabia Market size is expected to reach USD 18.77 billion in 2024 and grow at a CAGR of 5.20% to reach USD 24.14 billion by 2029.
What is the current Agriculture Market In Saudi Arabia Market size?
In 2024, the Agriculture Market In Saudi Arabia Market size is expected to reach USD 18.77 billion.
What years does this Agriculture Market In Saudi Arabia Market cover, and what was the market size in 2023?
In 2023, the Agriculture Market In Saudi Arabia Market size was estimated at USD 17.79 billion. The report covers the Agriculture Market In Saudi Arabia Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Agriculture Market In Saudi Arabia Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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Agriculture in Saudi Arabia Industry Report
Statistics for the 2024 Agriculture in Saudi Arabia market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Agriculture in Saudi Arabia analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
