Industry News
KSA’s food industry remains one of the most attractive in the region, with strong sales growth expectation over our forecast period. On an average, KSA imports 80% of its food requirement where food accounts for 15% of…
Technavio’s market research analyst predicts the food retail market in Saudi Arabia to grow at a CAGR of around 5% by 2020. Saudi Arabia accounts for around 51% of the total food retail sales in the GCC region, thanks…
KSA’s food industry remains one of the most attractive in the region, with strong sales growth expectation over our forecast period. On an average, KSA imports 80% of its food requirement where food accounts for 15% of…
Technavio’s market research analyst predicts the food retail market in Saudi Arabia to grow at a CAGR of around 5% by 2020. Saudi Arabia accounts for around 51% of the total food retail sales in the GCC region, thanks…
The market for canned food in Saudi Arabia is at a matured stage, with a limited number of players dominating the market. Canned foods industry is driven by increasing urban population, rising female participation in…
Breakfast cereal is the smallest of the three subsectors within the bakery category in Saudi Arabia, but had the fastest value growth of 10.4% in 2017. The subsector looks to continue this upward motion through 2021,…
Saudi Arabia retail market is projected to grow at a CAGR of over 7.5%, in value terms, during 2017-2022. Increase in culturally diversified population, presence of a highly stable market and increasing number of…
Saudi Arabia is estimated to be the 20th largest bakery products market worldwide, with US$5.11 billion worth of retail value sales in 2016. Around this period, the Saudi Arabia bakery product market fell in global…
The Saudi Arabian foodservice market was valued at USD 29.83 billion in 2017, and it is expected to record a CAGR of 5.9% during the forecast period (2018–2023). Growing demand for home delivery and foodservice…
Cream is an irreplaceable part of the Saudi Arabian diet. Currently, the production of cream has witnessed a rise of 28.9% per annum. Currently, production is increasing by over 17% per year. This high production rate…
Fast foods can be prepared quickly and are gaining popularity as these are emerging as alternatives for home-cooked meals. Entry of international food chains, presence of expatriate population, growing number of…
The appetite for organic foods in Saudi Arabia is on an upward trajectory, with a third of consumers (33 percent) purchasing more in the last 12 months compared to the previous year, according to a new survey. The poll,…
Rice is a staple food in Saudi Arabia that is served for lunch and dinner. A traditional dish called kabsah is widely consumed in Saudi homes. The majority of Saudis include rice as a major part of their daily diet.…
Milk consumption is expected to help maintain the food industry’s growth at a CAGR of 11.62% during the forecast period of 2018-2023. A high per capita income, growing health-conscious population, and increasing…
A high per capita income, growing health-conscious population, and increasing interest of women in milk consumption are a few factors that are expected to help maintain the industry’s growth at a CAGR of 11.62% during…
Milk consumption is expected to help maintain the food industry’s growth at a CAGR of 11.62% during the forecast period of 2018-2023. A high per capita income, growing health-conscious population, and increasing…
According to Alpen Capital, size of the GCC retail sector is forecasted to grow at a CAGR of 4.6% from US$ 250.5 billion in 2016 to US$ 313.2 billion in 2021. The sector is expected to grow steadily through 2021 driven…
Saudi Arabia & GCC food industry is on a sustainable and balanced growth path says Alpen Capital’s new report The GCC population is expected to witness an addition of 6.5 million individuals between 2016 and 2021. The…
The new 4.2 km development in Saudi Arabia’s commercial hub adds new park areas, a 650 metre walkway as well as three new beaches in the area. The new public area with 17 plazas, sculptures, fountains, a water park and…
According to Alpen Capital, Food consumption in the GCC is expected to expand at a CAGR of 4.2% from an estimated 48.1 million MT in 2016 to 59.2 million MT in 2021. This growth is primarily attributable to increase in…
Attendees included senior officials from various ministries of both countries. (Photo: Pakistan Press Information Department) ISLAMABAD/RIYADH: The Saudi-Pakistan Joint Ministerial Commission (JMC) met in Islamabad on…
RIYADH: Saudi Arabia’s King Salman met with the Executive Chairman of Atlantic Council, Frederick Kemp, at Al-Yamamah palace in Riyadh on Tuesday, Saudi’s state-run news agency (SPA) reported. During the meeting, the…
Representatives from more than 60 Japanese firms have taken part in a business forum in Saudi Arabia. Japan's Economy, Trade and Industry Minister Hiroshige Seko and Saudi Arabian Energy and Industry Minister Khalid bin…
Prince Faisal bin Khalid bin Abdulaziz, the Governor of Asir Region, on Wednesday inaugurated a number of development projects in Mohail Asir province, state news agency SPA has reported. The development projects at the…