Market Size of Saudi Arabia Fruits And Vegetables Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 8.12 Billion |
| Market Size (2029) | USD 10.26 Billion |
| CAGR (2024 - 2029) | 4.80 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Fruits and Vegetables Market Analysis
The Saudi Arabia Fruits And Vegetables Market size is estimated at USD 8.12 billion in 2024, and is expected to reach USD 10.26 billion by 2029, growing at a CAGR of 4.80% during the forecast period (2024-2029).
- For the past few years, Saudi Arabia has been one of the largest markets for agriculture in the GCC region. Food security initiatives by the government, the shift toward greenhouse production, and consumer inclination toward a healthy diet are the major factors driving market growth.
- People are shifting to healthier diet plans with increasing urbanization, higher disposable incomes, and increased awareness about healthy diets. This has boosted the demand for organic food in recent years. Furthermore, the population in urban cities is gradually becoming more aware of the origin and type of food consumed. The fruits and vegetables grown locally are more prevalent in the country. Although priced higher than imported ones, the demand is still significant.
- Dates and watermelons are the most widely produced fruits, while potatoes and tomatoes are the most commonly produced vegetables in Saudi Arabia. The demand for these crops is anticipated to grow, supported by the country's prosperous oil-based economy, increased disposable income of Saudi households, and rapidly expanding retail trade, stimulating consumption.
- The increasing presence of superstores and hypermarkets has increased access to high-quality fruits and vegetables for the Saudi population. As many of these retailers adopt strategies, including optimal pricing strategies, to capture the market, the demand among consumers is increasing.
Saudi Arabia Fruits and Vegetables Industry Segmentation
Fruits and vegetables are high in vitamins, minerals, and phytochemicals. The scope of the report is limited to fresh fruits and fresh vegetables.
The Saudi Arabian market for fruits and vegetables is segmented by fruits and vegetables. The report includes the production (volume), consumption (value and volume), and trade in terms of import analysis (value and volume), export analysis (value and volume), and price trend analysis. The report offers market size and forecasts in volume (metric tons) and value (USD) for the above segments.
Saudi Arabia Fruits And Vegetables Market Size Summary
The fruits and vegetables market in Saudi Arabia is experiencing significant growth, driven by several key factors. The government's food security initiatives and a shift towards greenhouse production are central to this expansion. As urbanization increases and disposable incomes rise, there is a growing consumer preference for healthier diets, which has spurred demand for organic produce. Locally grown fruits and vegetables, despite being more expensive than imports, are gaining popularity due to increased awareness of their benefits. The country's oil-based economy and expanding retail trade further support the rising demand for staple crops like dates, watermelons, potatoes, and tomatoes. The proliferation of superstores and hypermarkets has also enhanced access to high-quality produce, encouraging consumer consumption.
Saudi Arabia is actively transforming its agricultural sector by integrating modern technologies to boost fruit and vegetable production. Innovations such as greenhouse and vertical farming, along with drone technology, are revolutionizing traditional farming practices. These advancements allow for increased quantity and quality of produce with limited resources, addressing the challenges posed by the country's climatic conditions. The government's investment in agricultural technology, including a significant financial commitment to enhance greenhouse production, underscores its commitment to increasing domestic produce. This focus on modernizing agriculture is aligned with the rising health consciousness among consumers, particularly millennials, who are driving the demand for nutritious fresh produce.
Saudi Arabia Fruits And Vegetables Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Incorporation Of Technology in Farming Practices
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1.2.2 Favorable Government Initiatives For Increasing Vegetable And Fruit Production
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1.3 Market Restraints
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1.3.1 High Cost of Entry in the Market
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1.3.2 Unfavorable Climatic Conditions
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2. MARKET SEGMENTATION (Production Analysis by Volume, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, and Export Analysis by Value and Volume)
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2.1 Vegetables
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2.2 Fruits
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Saudi Arabia Fruits And Vegetables Market Size FAQs
How big is the Saudi Arabia Fruits And Vegetables Market?
The Saudi Arabia Fruits And Vegetables Market size is expected to reach USD 8.12 billion in 2024 and grow at a CAGR of 4.80% to reach USD 10.26 billion by 2029.
What is the current Saudi Arabia Fruits And Vegetables Market size?
In 2024, the Saudi Arabia Fruits And Vegetables Market size is expected to reach USD 8.12 billion.
