Saudi food imports surging due to changing consumption patterns

  • A major shift in the food buying preferences of Saudi consumers is unlocking huge two-way trade opportunities in the Kingdom, according to a recent survey by leading research provider, Nielsen.
  • With Saudi’s domestic food producers receiving a confidence boost for their dairy, snacks, ice-cream, mineral water, tea and coffee production, a host of international suppliers are also reaping rewards from increasing demand for globally-branded baby food, energy drinks and canned foods in the Gulf’s largest market.
  • With Saudi’s population forecast to rise almost 2% to just under 35 million by 2020, according to the United Nations, the renewed focus on domestic production is designed to start off-setting the fact the Kingdom remains the GCC’s largest importer of food. Further demand is expected to emanate from the planned NEOM mega city, which has food as a key focus. The first phase of the project is due to be delivered in just seven years’ time.
  • With the total number of food retail outlets in the country projected by Dublin’s Research and Markets to grow by 4.9% annually by the end of the decade, some 87 Saudi Arabian food producers representing diverse sectors, including Arrow Juice, Siafa Dates, Americana, Al Seedawi and Mahmood Saeed Beverage, will push their quality and competitiveness.Read in detail here!
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