Saudi food industries sector seen to grow 7% by 2030: Argaam Macro

Argaam Macro in a recent report expected Saudi Arabia’s food industries sector to record a compound annual growth rate (CAGR) of nearly 6.8% through 2030, driven by rising demand for food products.

In the report released today, August 19, 2025, Argaam Macro revealed that the sector’s size reached about SAR 166.15 billion in 2024, compared to SAR 152.22 billion a year earlier, marking an increase of SAR 13.9 billion, or 9.2% year-on-year.

The food industries sector makes up 10% of the Kingdom’s total manufacturing industries, underscoring its importance as a vital sector contributing to diversifying the industrial base and strengthening national food security.

Argaam Macro’s study explained that the accelerated growth of food industries in Saudi Arabia has been fueled by several key factors, including the continuous population growth, the rising number of visitors and tourists, the steady expansion of food and beverage manufacturers, along with higher household consumer spending, aided by rising incomes and evolving consumption patterns.

The study indicated that harnessing these factors effectively —through developing food industry infrastructure, catalyzing investment in modern technologies, and strengthening local and global partnerships—would enhance self-sufficiency, improve product quality, and increase export opportunities.

Moreover, the tourism sector expansion, increasing international events, the facilitation of entry measures, and the development of entertainment destinations all encourage the food industries sector to broaden its production and distribution scope in line with global standards and preferences.

Investing strategically and proactively in these factors not only benefits food industries but also boosts all market sectors. It is a key pillar in delivering Saudi Vision 2030’s targets for a diversified and sustainable economy.

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