Agriculture in Saudi Arabia: Market Trends, Size, Growth, Opportunity and Forecast (2021 - 2026)


Posted May 11, 2021 by mronarabia

Agriculture in Saudi Arabia is projected to register a CAGR of 4.5% during the forecast period (2021-2026).
 
Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Agriculture in Saudi Arabia - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)”under Saudi Arabia Agriculture Market category. The Agriculture Market in Saudi Arabia is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.

Agriculture in Saudi Arabia is projected to register a CAGR of 4.5% during the forecast period (2021-2026).

The global Covid-19 pandemic had a minimal impact on Agriculture Market in Saudi Arabia. The capital intensive processing systems for staple crops have led to avoid labor shortage and ensure production efficiency. The kingdom has the largest storage systems for wheat and flour with a storgae capacity of more than 3.3 million metric ton and the efficient supply chains ensuring to meet the daily consumer needs have resulted in mitigating the Covid-19 related disruptions. Despite the pandemic outbreak and its effect on the global supply chain, the kingdom overcame it through the strength and durability of food and agricultural security.

Request a free sample copy of Saudi Arabia Agriculture Market Report @
http://www.marketreportsonsaudiarabia.com/marketreports/sample/reports/2509818



Saudi Arabia is the largest market for agriculture in the GCC region and the demand for agriculture is higher at present in the country, owing to changing consumption patterns of consumers and increasing awareness. The increasing presence of superstores and hypermarkets has increased the access to high-quality agricultural products for the Saudi population. As many of these retailers adopt strategies, including optimal pricing strategies to capture the market, the demand among consumers is increasing. The urban population is gradually becoming brand conscious and is becoming aware about the origin and type of food consumed.

Key Market Trends
The Push Towards Water Conservation Is Driving the Market
The Saudi government discontinued its domestic wheat production program in the year 2015 as an initiative towards water conservation. The comparative advantage of each region in terms of climate, water abundance, and developing agricultural technology have made the agricultural sector achieve high growth and self-sufficiency. This self-sufficiency in food production is resulting in the improvement of quality in the agricultural products and reduce the use of groundwater for agricultural purposes which accounted for approximately 10.0 billion cubic meters in 2019. The Saudi government has been encouraging farmers to participate in alternative sustainable agricultural activities, such as greenhouse farming and implementing advance drip irrigation practices, to produce fruits and vegetables. This is promoting the cultivation of different varieties of fruits, vegetables and grains for sustainable development of the nation.

The Fruits Segment leads the Market
The fruit market in Saudi Arabia is driven by the increasing disposable income of the Saudi population, increasing health concerns, and growing awareness about the positive benefits of consuming fruits and accelerating urbanization trends. There is a rising trend of more and more people buying processed fruits and fruit snacks, as opposed to fresh fruit produce. The canning of fruits is the largest domestic business segment, accounting for nearly half of the local earnings concerned with the fruit market. Manufacturing of fruit juice is the second-largest source of revenue for local producers, occupying one-third of the total revenue.

Browse our full report with Table of Contents: http://www.marketreportsonsaudiarabia.com/marketreports/agriculture-in-saudi-arabia-growth-trends-covid-19-impact-and-forecasts-2021-2026-/2509818

About Us
Market Reports on Saudi Arabia provides you with an in-depth industry reports focusing on various economic, political and operational risk environment, complemented by detailed sector analysis. We have an exhaustive coverage on variety of industries – ranging from energy and chemicals to transportation, communications, constructions and mining to Food and Beverage and education. Our collection includes over 3000 up-to-date reports all researched, analysed and published by top-notch international research firms.

Contact us at:
Market Reports On Saudi Arabia
Tel: +91 22 27810772 / 27810773
Email: [email protected]
Website: http://www.marketreportsonsaudiarabia.com
Follow us on : Twitter, Facebook, LinkedIn
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Sharon Williams
Phone 0222781077273
Business Address 808, Real Tech Park, 8th Floor, Sector - 30A, Vashi, Navi Mumbai - 400703, INDIA.
Country India
Categories Agriculture
Tags saudi arabia agriculture market , saudi arabia agriculture market forecast , saudi arabia agriculture market report , saudi arabia agriculture market size , saudi arabia agriculture market trend
Last Updated May 11, 2021