Fruits and Vegetables Market in Saudi Arabia Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Saudi Arabia Fruits and Vegetables Market Trends and 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 (in metric tons) and value (in USD million) for all of the above segments.

Saudi Arabia Fruits and Vegetables Market Size

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Saudi Arabia Fruits and Vegetables Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 3.68 Billion
Market Size (2029) USD 4.59 Billion
CAGR (2024 - 2029) 4.50 %
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Saudi Arabia Fruits and Vegetables Market Analysis

The Saudi Arabia Fruits and Vegetables Market size is estimated at USD 3.68 billion in 2024, and is expected to reach USD 4.59 billion by 2029, growing at a CAGR of 4.5% 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 the rising demand for a healthy diet are the major factors expected to drive the market's growth during the forecast period.

With increasing urbanization, higher disposable incomes, and increased awareness about healthy diets, people are shifting to healthier diet plans. This has boosted the demand for organic food over the past few 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 popular 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 widely produced vegetables in Saudi Arabia. The demand for these crops is anticipated to continue growing, supported by the country's rich oil-based economy, increased westernization and 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 Market Trends

This section covers the major market trends shaping the Saudi Arabia Fruits & Vegetables Market according to our research experts:

Aiming for Self-sufficiency in Fruits and Vegetable Production

Adverse climatic conditions such as high temperatures and prolonged dry spells have led to Saudi Arabia's dependence on the imports of fresh produce, such as vegetables. In aiming for self-sufficiency in vegetable production, the Saudi Arabian government has been promoting technologies such as drip irrigation and protected cultivation. This has led to increased production in the country. According to FAOSTAT, fruit production in Saudi Arabia accounted for 2,370,735.0 metric tons in 2017 and reached 2,913,925.0 metric tons in 2020. Such initiatives are expected to reduce Saudi Arabia's dependence on imports and boost domestic production in the country.

As reported by the Ministry of Commerce, Saudi Arabia's production of fruits witnessed an increase of 194% in six years, reaching 2.7 million metric tons by the end of 2020. Dates are at the top of the list of Saudi fruits and are one of the major fruits propelling agriculture growth. The country ranked second in the world in the production of dates, with 1.5 million metric tons in 2020.

For Saudi Arabia, food security has been a national strategic objective for many years and is part of the Saudi Vision 2030. The expanding focus on food security in the country has resulted in the increased domestic production of food crops and, eventually, an increased area under production to minimize the import dependency on food. The country's Agricultural Development Fund (ADF) is key to this, which plays a pivotal role in overseeing and supporting KSA's agriculture sector.

Several government policies in the wake of food security have propelled the growth of the fruit and vegetable sector in recent years. For instance, the Saudi Arabian Agricultural Bank (SAAB), a government agency, offers subsidies to small and medium land-holding farmers, credits interest-free loans, and financially supports the growers. In addition, in 2021, the Saudi Agriculture Development Fund approved several loans worth over USD 229 million to finance working capital for importing agricultural products to strengthen food security in the country.

Saudi Arabia Fruits and Vegetables Market - Saudi Arabia Fruits and Vegetables Market: Production Volume in Metric Ton, Fruits, 2017-2020.

Dates and Palms Dominate the Trade

According to the International Trade Centre, Saudi Arabia ranked first globally in date exports in 2021. The value of Saudi date exports in 2021 reached USD 320 million. Further, the country also witnessed the highest annual growth rate of exports over the past five years, at 12.5%, with exports entering 113 countries. Despite the desert terrains, low rainfalls of 40-100 mm, lack of natural water bodies, and groundwater level, the country has achieved self-sufficiency in date production, exporting dates to neighboring countries.

Further, the Saudi Vision 2030 has placed a lot of attention on the palm and date sector through its development and sustainability, working early to prepare and implement programs to develop this sector and increase its contribution to the GDP. The value of palms and dates in Saudi Arabia is almost 12% of the agricultural gross product and 0.4% of the non-oil gross product.

Moreover, the high production and export reflected the interest of the Saudi leadership in enhancing non-oil exports, developing the work system for planting and improving the production of palm, and the leading role of partners, mainly the producers and exporters of dates. In addition, Saudi traders benefit from the growing international demand for dates. The export of dates is expected to increase during the forecast period.

Vision 2030 aims to invest primarily in food and crops and make the dates sector one of the most important sectors that attract national investments. In 2021, Saudi Arabia launched a global electronic platform for dates as a way to introduce international investors to the different types of fruit being produced in the country.

Saudi Arabia Fruits and Vegetables Market: Export Volume in Metric Ton, Dates, 2017-2021

Saudi Arabia Fruits and Vegetables Market News

  • June 2022: The Saudi Arabian Government approved loans worth USD 373 million from the Agricultural Development Fund. The approved loans include development loans for small farmers, financing loans for the sectors of vegetable production in greenhouses, poultry breeding and production, and fish farming.
  • April 2022: The Saudi supermarket chain Tamimi Markets signed a joint venture with two companies, Japan-based Mitsui & Co. and Italian agricultural technology provider Zero SRL. This venture of three companies is aimed at developing vertical smart farms in the Al Kharj area of the Kingdom.
  • March 2022: The Saudi Agriculture Development Fund approved several loans with an accumulated worth of over USD 229 million to finance working capital. The loans were utilized to import agricultural products targeting the food sector. The loans fall in line with the Fund's goal to enhance food security and support agricultural activity in the Kingdom.

Saudi Arabia Fruits and Vegetables Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

  5. 5. 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)

    1. 5.1 Vegetables

    2. 5.2 Fruits

  6. 6. PRICES AND INTERNATIONAL TRADE

    1. 6.1 Dates

    2. 6.2 Onion

    3. 6.3 Potato

    4. 6.4 Tomato

    5. 6.5 Garlic

    6. 6.6 Cauliflower

    7. 6.7 Beans

    8. 6.8 Lemon

    9. 6.9 Apple

    10. 6.10 Banana

    11. 6.11 Grapes

    12. 6.12 Grapefruit

    13. 6.13 Strawberry

    14. 6.14 Watermelon

  7. 7. REGIONAL ANALYSIS

    1. 7.1 PESTLE Analysis

    2. 7.2 Value Chain Analysis

    3. 7.3 Government Policies and Regulations

  8. 8. COMPETITIVE ANALYSIS

    1. 8.1 Distribution Network and Retail Analysis

    2. 8.2 Company Profiles

  9. 9. MARKET OPPURTUNITIES AND FUTURE TRENDS

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Saudi Arabia Fruits and Vegetables Industry Segmentation

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 (in metric tons) and value (in USD million) for all of the above segments.

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Saudi Arabia Fruits and Vegetables Market Research FAQs

The Saudi Arabia Fruits and Vegetables Market size is expected to reach USD 3.68 billion in 2024 and grow at a CAGR of 4.5% to reach USD 4.59 billion by 2029.

In 2024, the Saudi Arabia Fruits and Vegetables Market size is expected to reach USD 3.68 billion.

In 2023, the Saudi Arabia Fruits and Vegetables Market size was estimated at USD 3.52 billion. The report covers the Saudi Arabia Fruits and Vegetables Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Fruits and Vegetables Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Fruits and Vegetables in Saudi Arabia Industry Report

Statistics for the 2024 Fruits and Vegetables in Saudi Arabia market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Fruits and Vegetables 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.

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Fruits and Vegetables Market in Saudi Arabia Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)