Industries
Food and agriculture
The agri-food and beverage industry in Saudi Arabia is considered one of the most attractive and profitable sectors in the kingdom and is undergoing remarkable growth contributing importantly in the development of the national economy in the Kingdom.
SAUDI Food & agriculture
In 2022, Saudi Arabia allocated USD 24.4 billion to food and agriculture industries to boost production and exports.
The Saudi Arabia food & beverage market is valued at USD 28,811.9 million in 2023 and is projected to register a CAGR of 3.22% during the next five years. The Saudi Foodservice Market size is estimated at 25.19 billion USD in 2023, and is expected to reach 42.48 billion USD by 2029, growing at a CAGR of 9.10% during the forecast period (2023-2029).Moreover, the food Processing & Packaging is valued at US$ 21.7 Billion.
On the other side, Saudi Arabia is the largest market for agriculture in the GCC region and the demand for agriculture is increasing constantly in the Kingdom. The Agriculture Market in Saudi Arabia is estimated at USD 19.30 billion in 2023, and is expected to reach USD 24.40 billion by 2028, growing at a CAGR of 4.80% during the forecast period (2023-2028).
SAUDI ARABIA food & agriculture IN NUMBERS
Saudi allocated budget for food & agriculture industries
Saudi Food & Beverage market value
Saudi foodservice market size
Saudi agriculture market
france food & agriculture
France’s food sales are set to reach €198.5 billion by 2026, growing at an average rate of 1.3% year on year. The France Foodservice Market size is estimated at 71.16 billion USD in 2023, and is expected to reach 104.08 billion USD by 2029, growing at a CAGR of 6.54% during the forecast period (2023-2029). Revenue in the Food market amounts to US$208.60bn driven by an increase in the transaction count and the market is expected to grow annually by 3.08% (CAGR 2023-2028). In parallel, France Occupies the Maximum Share of the halal food market in Europe where 59% of the Muslim population consumes halal-certified meat systemically .
In 2022, agricultural production achieved a value, excluding subsidies, of $ 102.09 billion. The France agricultural machinery market is expected to register a CAGR of 3.2% during the forecast period. Lastly, the tractor market in france (being the most important segment in the agri-equipment market) was worth $1.6 billion in 2021 and is expected to grow at a CAGR of 3.1% during 2022-2027. The France tractor market witnessed registrations of 34,865 units in 2022, which is expected to reach 44,387 units by 2028 growing at a CAGR of 4.11% during the forecast period.
FRANCE food & agriculture IN NUMBERS
