Unpacking the Growth: Saudi Arabia’s Booming Processed Food Market

The processed food market in Saudi Arabia is witnessing substantial growth, fueled by increasing imports, a flourishing local manufacturing sector, and a shift towards healthier eating habits. In this blog, we'll explore the Saudi processed food market, focusing on Saudis' eating behaviors, emerging trends, and key international trade fairs

 Key Statistics: Saudi Arabia Processed Food Market Size & Share Analysis 

• Saudi Arabia imports from food & beverage reached (USD 24.1 Billion) in 2022 with an increase of ‎‎30% compared with 2021 imports. ‎
• Brazil is the top supplying market for Saudi Arabia food & Beverage imports with a share of (12.3%) from the total imports followed by India, Australia, and United Arab Emirates with shares of (8.3%), (6.2%), and (6%) respectively.  
• Vegetables prepared or preserved ‎ are the top imported products by Saudi Arabia from Egypt, ‎followed by Locust beans‎, Cheese and Chocolates.‎
• Saudi Arabia’s share of the global food sector is 176B SAR (2019), with dairy, meat and poultry being the largest sectors. Saudi Arabia’s overall food market is expected to grow across all segments in the coming years, reaching 250B SAR by 2030 due to a significant amount of dairy, meat, bakery, fruits and confectionery being imported and processed locally.
• Saudi Arabia is home to a growing food manufacturing sector that benefits from population and income growth, lifestyle changes, state support, and favorable trade agreements. Demand for packaged foods is growing and more multinational companies are entering the market as a result.
• Saudi Arabia’s local food processing is significant. Most Saudi food manufacturers depend on imports for food ingredients. Current available data indicates that in 2022 the country imported approximately USD 3 billion worth of intermediate food products. The Saudi government provides various incentives for the expansion of the local food processing industry to improve food security. As such, the prospect for increased expansion of the domestic food processing industry should increase the demand for food ingredients.

Saudis Embrace Healthier Eating Habits

 The high consumption of fat and sugar rich foods and drinks, as well as a sedentary lifestyle, has resulted in high obesity and diabetic rates throughout Saudi Arabia. According to recent reports, 70% of Saudis are overweight and up to 30% of them are diabetic. The diabetic rate is forecast to more than double by 2030, which has created opportunities for local food processors to offer a limited range of diet foods (mainly fat free and low-fat dairy products).

To take advantage of this potentially huge and lucrative market, local food processors have started to work with various Saudi government agencies to increase consumer awareness of a healthy eating lifestyle. Healthier foods will be a major driver in Saudi Arabia over the next several years.

Discovering Potential: Explore Opportunities in the Saudi Food Market through International Trade Fairs 

• The Saudi Food Show‎

The Saudi Food Show, the Kingdom's leading event for food and beverage sourcing, takes place 21-23 May 2024, in Riyadh. This groundbreaking platform convenes a distinguished international contingent of exhibitors, thought leaders, industry communities, strategic partners, innovative brands, and acclaimed chefs. Get ready to experience the hottest trends and innovations in the industry – all under one roof! The Saudi Food Show is your key to unlocking unmatched growth and prosperity for your business's next move.

Gain unparalleled access to industry leaders and interact with prominent F&B powerhouses like ABP (Pepsi), Americana, Aujan Group, BRF Foods, IFFCO, First Mills, Pinar, Kellogg's, and more. Dive deep into industry insights at the Saudi Food Summit, featuring thought-provoking talks from renowned experts. Witness the future of food and beverage at the all-new Saudi Foodpreneur zone, showcasing exciting startups. Be captivated by gastronomic artistry at the prestigious Top Table competition, featuring acclaimed chefs. The Saudi Food Show offers a multitude of experiences designed to inspire, educate, and connect you with valuable opportunities – it's an action-packed event you won't want to miss.

For more details, check Saudi Food Show website: https://www.thesaudifoodshow.com/

TijaraHub is participating in the trade fair with a group of its vendors from Egypt and Turkey at the TijaraHub pavilion. The aim is to support these vendors in opening new markets for their products. The vendors will be showcasing a wide range of food and beverage products.

Enhance Your Kitchen's Flavor: Explore TijaraHub's Food & Beverages Varieties!‎

TijaraHub platform showcases premium food & beverages products sourced from a variety of Egyptian and Turkish vendors through this link: https://tijarahub.com/food-and-beverage/

Discover a variety of services available at TijaraHub

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TijaraHub simplifies the global sourcing journey for processed food. Our easy-to-navigate platform enables businesses to discover a variety of options, engage with suppliers, and smoothly finalize transactions. Optimize your time and resources through our simplified B2B trading experience.

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We understand the importance of cost-effectiveness in your business. TijaraHub offers competitive pricing on food & beverage section, through a diversified collections and different tastes displayed by well-known vendors from Egypt and Turkey.

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TijaraHub transcends geographical boundaries, connecting businesses globally. Whether you are a retailer, distributor, our platform provides access to processed food worldwide. Experience the convenience of global sourcing without leaving your desk.