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 % |
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).
- The Saudi Arabian fruits and vegetables market has shown substantial growth in recent years, driven by rising domestic demand, government support, and technological advancements. Despite its arid climate, Saudi Arabia has successfully cultivated a diverse range of produce, including dates, pomegranates, citrus, grapes, tomatoes, cucumbers, and onions. The overall fruit and vegetable production volume increased by about 32.5% between 2019 and 2022. To overcome the challenges posed by the desert environment, the country has invested significantly in greenhouse agriculture and irrigation systems. In January 2023, the Minister of Environment, Water and Agriculture in Saudi Arabia announced a USD 1 billion (SAR 4 billion) investment to expand the country's plant resources sector and greenhouses by 2025.
- The Saudi government has promoted a favorable environment for agricultural growth through policies, subsidies, and infrastructure development. This has led to increased production, improved quality, and greater self-sufficiency in fruits and vegetables. Dates and watermelons are the predominant fruit crops, collectively accounting for about 75% of the total fruit production volume in 2022.
- The market is also experiencing a growing trend towards organic and locally produced fruits and vegetables. As consumers become more health-conscious, they are increasingly seeking products free from synthetic chemicals and pesticides. This shift has created opportunities for farmers who adopt sustainable and organic farming practices.
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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1.2.3 Growing Demand for Fresh Produce
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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.