Saudi Arabia’s new food economy is here. Is this the food manufacturing capital of tomorrow?
When it comes to the global food and beverage industry of the future, there are a few places more exciting than Saudi Arabia. From foodservice to food manufacturing, the country’s F&B industry has been growing at an astoundingly rapid pace through impressive investments, a series of seminal and truly inspiring projects, and a young and educated population that is hungry for positive change.
By 2035, the country’s food industry is projected to receive a $20 billion boost that will allow for major development in the agricultural and food manufacturing sectors alike. Dairy, bakery, sweets and confectionery, poultry, and beverages (including juices) are set to gain a huge competitive advantage from these investments, along with any F&B products benefiting from an increased focus on R&D. With the country’s geographical and economic advantages - from its status as a BRICS nation, to its increasing impact through its projected decade-long tourism boom that includes a target of 150 million visitors by 2030, and its thriving reputation as a regional food hub - it’s little surprise that Saudi Arabia’s F&B market is valued at USD45 billion and growing. Its food manufacturing industry, in particular, already benefited from investments of USD61.8 million, with everything from chocolate to yoghurt and fish products being produced in the Kingdom, and other top-produced foods including milk, dates, fresh fruit, potatoes, and meats and poultry - and it’s about to experience a major boom in locally-produced manufactured and processed food products that can serve not only the rest of the surrounding region, but the world.
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Saudi Arabia’s F&B market is projected to experience an annual growth rate of 4% until 2028, making this the ideal time to strike and be part of this fast-developing market. Projected figures for the food market in 2024 include 13.83k enterprises, with at least 136.20k employees, and the amount of land being dedicated for food factories is only rising. As the country is on the brink of transforming into one the most technologically-advanced, future-forward, sustainability-supporting nations in the world across a number of industries that place F&B at the centre, the landscape is ripe with exceptional business opportunities for both regional and international food manufacturers and investors. And when it comes to entering this thrilling, high-potential market, there’s no better platform than Saudi Food Manufacturing. The inaugural show - that will come hot on the heels of the roaring success of the first-ever edition of The Saudi Food Show in 2023 - will bring together the largest number of exhibitors and buyers from across the world, top international brands, the global experts and decision-makers leading future technologies, and the most forward thinking and future-proofing operations all working together establishing sustainability, and increasing profitability. Don’t miss your chance to be part of Saudi Food Manufacturing 2024, as the industry boldly embraces digitalisation to inspire innovation, address needs and provide solutions.