Analysts at GMI Research estimates that Saudi Arabia Agriculture Market is predicted to witness a promising CAGR of 5.7% over the forecast period from 2024-2031.

Saudi Arabia is the largest market across GCC countries for agriculture. The agriculture sector is one of the major contributors for the development of the Saudi Arabia economy. Agriculture sector contributed around USD 19.37 billion in GDP in 2022. Rise in the population growth has increased the importance of agriculture across Saudi Arabia. The government of Saudi Arabia launched various policies to encourage the farmers and to support agriculture in this region. For instance, Grain Silos & Flour mills Organization was introduced to buy and store wheat and to construct flour mills and to produce animal feed. Moreover, Saudi government launched various programs to encourage modern farmer technology, to enhance storage and export facilities and to promote agricultural research and training institutions. In 2022, Saudi government planned to invest USD 24.4 billion to increase the local production and export in food and agricultural sectors.

Major Saudi Arabia Agriculture Market Drivers

Increasing food concerns among consumers especially for farm produced such as meat, vegetables, grains and seafood. Saudi government has introduced various regulation to ensure food safety and to strengthen quality of the crops, driving the Saudi Arabia agriculture market. With the increase in the purchasing power of consumer, the demand for high quality agricultural products increases. Saudi Arabia is focusing on technological advancement to increase land productivity and to improve efficiency ha positively impacted the agriculture in Saudi Arabia market. In 2022, Tamimi, a Saudi supermarket signed an joint venture with Miitsui & Co. and Zero SRL planned to develop smart farms which will supply fresh agricultural produce in the Al Kharj across the Saudi Arabia. These technological advancements will help farmers to earn more and also boost the agriculture sector in Saudi Arabia. Growing production of primary crops such as cereals, sugar crops, vegetables, oil crops, fruit, among others. As per the FAO, the production of primary crops in Saudi Arabia was 5,673 thousand tonnes in 2019.

Saudi Arabia government has taken various initiatives to achieve self-sufficiency in agriculture production. Under Saudi Vision 2030, the government planned to provide financial support for environment agriculture and water sectors by investing USD 24.5 Billion. In 2019, the government started a programme to boost organic output by helping farmers to switch to organic farming by 300% by 2030. The Saudi government also inaugurated Saudi Arabian Agricultural Bank to provide subsidy to small and medium land owners and Sustainable Agricultural Rural Development Programme to bolster the production, processing and marketing of crops. Moreover, the government encouraging farmers to adopt modern irrigation technology such drip irrigation system and micro sprinkler to reduce water usage and to increase crop yield. For instance, Saudi Arabia planned to increase dragon food production as it is high priced commodity and require less water than other agricultural crops in 2022. Such government initiatives will support the growth of the Saudi Arabia agriculture market.

 Key questions answered in this research report:

• • At what pace is Saudi Arabia Agriculture Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Saudi Arabia Agriculture Market? What will be the impact of drivers and restraints in the future?
  • What are the various areas of Saudi Arabia Agriculture Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Segments covered in the Report:

The Saudi Arabia Agriculture Market has been segmented on the basis of Crop Type and Geography. Based on the Crop Type, the market is segmented into Food Crops/Cereals, Fruits, Vegetables, Oilseeds and Pulses. Based on the Geography, the market is segmented into Central, Eastern, Western, Southern.

Market Segmentation

Saudi Arabia Agriculture Market by Crop Type

• • Food Crops/Cereals
  • Fruits
  • Vegetables
  • Oilseeds and Pulses

Saudi Arabia Agriculture Market by Geography

• • Central
  • Eastern
  • Western
  • Southern