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Saudi Arabia Agriculture Market Size (2024 - 2029)

The agriculture market size in Saudi Arabia is experiencing growth driven by government initiatives aimed at ensuring food security and the adoption of advanced farming technologies. The country's strategic shift towards greenhouse production and high-tech farming practices has contributed to its status as one of the largest agricultural markets in the GCC region. Fruits, particularly dates, hold a significant share of the market, benefiting from the favorable climatic conditions that enhance cultivation and export opportunities.

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Market Size of Saudi Arabia Agriculture Industry

Saudi Arabia Agriculture Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
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).

  • The Saudi Arabian agricultural market is experiencing significant transformation, driven by government initiatives, technological advancements, and evolving consumer preferences. Key factors driving market growth include government efforts to ensure food security, a shift toward greenhouse production, and increased adoption of high-tech farming practices. In 2023, the Saudi Arabian Ministry of Environment, Water, and Agriculture allocated USD 104.7 billion for 3,300 water projects, facilitating agricultural development by introducing advanced farming technologies to the country.
  • The country's favorable climate conditions enable high-volume date cultivation, creating increased export opportunities and driving market growth. Fruits constitute the largest market share in Saudi Arabian agricultural production, with locally grown varieties being prevalent. Common fruits produced in the country include dates, grapes, watermelon, figs, peaches, mangoes, and papaya. Among these, dates are a crucial economic crop and are extensively cultivated in Saudi Arabia. According to the International Trade Centre, Saudi Arabia led global date exports in 2022, with a value of USD 341.5 million and a volume of 321.1 thousand metric tons.
  • Greenhouse farming is expanding rapidly in Saudi Arabia. The country's arid climate and limited water resources make greenhouse cultivation a viable option for producing high-value crops such as tomatoes, cucumbers, and strawberries. As of 2023, the protected vegetable cultivation area in the country spans 6,096 hectares, with projections indicating growth during the forecast period due to its ability to increase yield per hectare compared to traditional farming methods.

Saudi Arabia Agriculture Industry Segmentation

Agriculture is the practice of cultivating plants and crops such as cereals, fruits, vegetables, flowers, pulses, and others.

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 Size Summary

The agriculture market in Saudi Arabia is poised for significant growth, driven by strategic government initiatives aimed at enhancing food security and adopting advanced farming technologies. The country's focus on greenhouse production and high-tech farming practices has positioned it as a leading agricultural market within the GCC region. The government's substantial investment in water projects underscores its commitment to developing the sector and reducing reliance on food imports. Fruits, particularly dates, dominate the agricultural landscape, benefiting from the favorable climatic conditions that support high-volume cultivation. This has not only bolstered domestic production but also expanded export opportunities, with Saudi Arabia leading globally in date exports.

Despite achieving self-sufficiency in certain commodities like dates, eggs, and milk, Saudi Arabia still relies heavily on imports for other essential food products, such as tomatoes and various fruits and vegetables. This dependency highlights the ongoing need for agricultural development to align with the national strategic objective of food security, as outlined in Saudi Vision 2030. The government's efforts to increase domestic food crop production and expand the area under cultivation are crucial in minimizing import dependency. As a result, the agriculture market is expected to experience robust growth, supported by financial assistance and infrastructure projects aimed at achieving greater self-sufficiency and enhancing food security.

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Saudi Arabia Agriculture Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Food Security Concerns

      2. 1.2.2 Technological Advancements

      3. 1.2.3 Government Initiatives and Subsidies

    3. 1.3 Market Restraints

      1. 1.3.1 Unfavorable Climatic Conditions

      2. 1.3.2 Higher Market Entry Cost

  2. 2. MARKET SEGMENTATION

    1. 2.1 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)

      1. 2.1.1 Food Crops/Cereals

      2. 2.1.2 Fruits

      3. 2.1.3 Vegetables

      4. 2.1.4 Oilseeds and Pulses

Saudi Arabia Agriculture Market Size FAQs

The Saudi Arabia Agriculture 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.

In 2024, the Saudi Arabia Agriculture Market size is expected to reach USD 18.77 billion.

Saudi Arabia Agriculture Market Report Snapshots

Agriculture Market In Saudi Arabia Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)