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Foodex Saudi/Industry News

Industry News

Discover more and JOIN us — curated headlines from the Saudi and GCC food & beverage market
Published 2020-09-07
The Saudi market for Beverages is valued at $2.61 billion dollars. Growing at a CAGR of 6 percent, the market is expected to reach over $5.1 billion b

As you know, the global food and beverage market is expected to grow due to a rising population and income.  Saudi Arabia, whose share of the global sector is $40 billion, aims to grow its food processing activities in…

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Published 2020-08-30
The Saudi market for dairy is valued at $4.7 billion. Growing at a CAGR of 6 percent, the market is expected to reach over $6.4 billion by 2021

As you know, the global food and beverage market is expected to grow due to a rising population and income.  Saudi Arabia, whose share of the global sector is $40 billion, aims to grow its food processing activities in…

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Published 2020-08-27
Saudi Arabia is one of the world’s fastest growing countries in the manufacturing sector, with 7.5% average growth every year.

Saudi Arabia is one of the world’s fastest growing countries in the manufacturing sector, with 7.5% average growth every year. Currently, the manufacturing sector contributes roughly 10% to the nation’s GDP. Key factors…

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Published 2020-08-20
The Saudi market for Seafood is valued at $2.64 billion. Growing at a CAGR of 7 percent, the market is expected to reach over $3.8 billion by 2021

As you know, the global food and beverage market is expected to grow due to a rising population and income.  Saudi Arabia, whose share of the global sector is $40 billion, aims to grow its food processing activities in…

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Published 2020-08-18
The Saudi market for Fruits, Nuts, and Vegetables is valued at $8.3 billion. Growing at a CAGR of 6 percent, the market is expected to reach over $11.

As you know, the global food and beverage market is expected to grow due to a rising population and income.  Saudi Arabia, whose share of the global sector is $40 billion, aims to grow its food processing activities in…

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Published 2020-08-10
Saudi Arabia’s food security strategy overcame global supply crisis, says ministry

Today, the Kingdom has one of the largest storing capacity in the Middle East for wheat and flour, with more than 3.3 million tons. We also have trustworthy food supply chains capable of daily production that can…

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Published 2020-06-29
Food sector profits in Saudi Arabia grew by 85.19% during the first quarter of 2020

Food sector profits in Saudi Arabia grew by 85.19% during the first quarter of 2020, an increase of 274.19 million riyals over the first quarter of last year. 11 food production companies listed on the Saudi stock…

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Published 2020-04-22
External agricultural investment will play a role in providing some of food commodities through the Saudi Agricultural and Livestock Investment Compan

RIYADH — There is no shortage in food supplies and stocks are aplenty. Pumped water supplies are continuing as usual to all regions of the Kingdom, Saudi Press Agency (SPA) quoted the Minister of Environment, Water and…

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Published 2020-04-22
Saudi Arabia allocates SAR 2 bln for agricultural imports

Saudi Arabia allocated SAR 2 billion to import new agricultural products in line with the Kingdom's food security strategy, said Abdulrahman Al-Fadhli, Minister of Agriculture and Chairman of the Saudi Agricultural…

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Published 2020-03-08
The largest and fastest growing food market in the region; predicted to grow at a rate of 6 percent over the next five years.

The food processing industry in Saudi Arabia is well-positioned to grow at a considerable rate in the near future. Domestic, regional and international demands for Saudi food products have been increasing year on year,…

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Published 2020-03-02
The Saudi market for Confectionery, Starch Products, and Coffee is growing at a CAGR of 6 percent, and is expected to reach over $12.3 billion by 2021

As you know, the global food and beverage market is expected to grow due to a rising population and income.  Saudi Arabia, whose share of the global sector is $40 billion, aims to grow its food processing activities in…

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Published 2020-02-25
During the last five years, Saudi Arabia imported about 542 thousand tons of tea and coffee with a total value of 10 billion SAR

The total Saudi imports of tea and coffee during the past five years (from 2014 to 2018) reached 542.3 thousand tons with an estimated value of 10.3 billion riyals. According to data obtained by the "Economy", obtained…

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Published 2020-02-16
According to the Saudi Arabia General Investment Authority (SAGIA), the Kingdom is expected to see around $59 billion worth of investment in its food

The General Authority for Investment confirmed that the volume of food consumption in Saudi Arabia will reach 221 billion riyals ($ 59 billion) until 2021, amid expectations that the volume of these investments will…

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Published 2020-01-14
Saudi Arabia’s Food and Beverage (F&B) market is the largest and most attractive in the Middle East, valued at $45 billion

The food processing industry in Saudi Arabia is well-positioned to grow at a considerable rate in the near future. Domestic, regional and international demands for Saudi food products have been increasing year on year,…

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Published 2019-07-29
21 Thousand Restaurants in Saudi Arabia

According to the General Authority of Statistics (Tourism Establishments Survey 2017), the total number of food & beverages serving establishments is 52,024 of which 21,000 is the total no of restaurants. Saudi Arabia…

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Published 2019-07-22
The General Establishment for Cereals announces a tender to import 715 tons of wheat

The General Grain Corporation announced today its third tender for the year 2019 to import 715,000 tons of wheat for supply during the period (September – November 2019) distributed over 12 vessels, 7 vessels for Jeddah…

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Published 2019-07-15
The Saudi Arabia red meat market is expected to register a CAGR of 3.47% during the forecast period 2018 to 2023

The Saudi Arabia red meat market is expected to register a CAGR of 3.47% during the forecast period, 2018 to 2023. Government support has enabled manufacturers to improve production technology and to compete with…

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Published 2019-07-08
The Saudi Arabian fruits market is expected to register a CAGR of 3.7% during the forecast period 2018-2023

The Saudi Arabian fruits market is expected to register a CAGR of 3.7% while the vegetables market in Saudi Arabia is expected to witness a CAGR of 3.3% during the forecast period. Dates and watermelons are the most…

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Published 2019-07-01
Saudi Arabia Specialty Fats & Oils Market is projected to reach $281 million by 2024

Saudi Arabia Specialty Fats & Oils Market stood at $177 million in 2017 and is projected to reach $281 million by 2024 on account of uncertainty in the availability of cocoa butter along with its higher price. This…

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Published 2019-06-24
60% of Saudi Arabia fish is imported

Following my article last week about agribusiness, another equally important sector to agriculture is aquaculture. Aquaculture is one of the fastest-growing methods of producing foods in the world and is estimated by…

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Published 2019-06-17
Saudi Arabia red meat sales online is expected to grow tremendously, with an estimated CAGR of 4.85% during the forecast period 2018-2023

The Saudi Arabia red meat market is expected to register a CAGR of 3.47% during the forecast period, 2018 to 2023. Government support has enabled manufacturers to improve production technology and to compete with…

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Published 2019-06-09
The vegetables market in Saudi Arabia is expected to witness a CAGR of 3.3% during the forecast period 2018-2023

The Saudi Arabian fruits market is expected to register a CAGR of 3.7% while the vegetables market in Saudi Arabia is expected to witness a CAGR of 3.3% during the forecast period. Dates and watermelons are the most…

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Published 2019-05-27
The Saudi Arabia weight loss market is projected to reach a value of US$ 1,507 Million by 2023, at a CAGR of 7.9% during 2018-2023

The Saudi Arabia weight loss market was worth US$ 957 Million in 2017. This market is projected to reach a value of US$ 1,507 Million by 2023, at a CAGR of 7.9% during 2017-2023.   The growing awareness among the…

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Published 2019-05-20
The seafood consumption is estimated to grow by 8% per annum to 600,000 tons in 2030

Following my article last week about agribusiness, another equally important sector to agriculture is aquaculture. Aquaculture is one of the fastest-growing methods of producing foods in the world and is estimated by…

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