Page 8 - AWA Vol.42-No7 issue

SAUDI AGRICULTURE EXHIBITION 2026

$3.11 Billion 500% $191 Million
Animal Feed Market Opportunities… Projected Sector Growth for Aqua- Veterinary Medicine Market
culture Products and Services Growth Assured…
Saudi Arabia’s animal feed market
was valued at $2.4 With the predicted fish production Saudi Arabia’s veterinary medi-
increase of 500% by 2025, new op- cine market is expected to grow at a
Billion in 2020 and is anticipated
to grow at a CAGR of 5.31% to reach portunities to service the aquacul- CAGR of 5.00% in the forecast period
$2.95 Billion in 2024 and $3.11 in ture sector are accelerating. With (2023-2027), to reach $201.80 Million
2025. This is due to increasing ag- the increasing export of Saudi fish by 2027. The growth presents room
ricultural development and invest- that will add nearly $1 Billion to in the market for new business en-
ment in meat, dairy and poultry pro- the economy, the expansion of fish trants as well as expansion oppor-
duction coupled with the growing production requires an increase in tunities for current providers. The
population and the increased de- aquatic health services, fish farming full services of animal health are in
mand for animalbased agricultural equipment, packaging and process- growing demand as the sector de-
products. Market growth is provid- ing systems, and cold-chain logistics sires the latest know how and further
ing an ideal climate for animal feed services. sophistication.
producers to increase output and
revenues.

Top 10 in Consumption
17.4% Projected Growth Kingdom's Coffee Consumers
Creates Fastest and Largest Market Spend Annually more than $266
in the Region for Organic Foods...
$2.3 Billion Million…
Cold Chain Market Expansion Saudi Arabia is the largest natural Saudi Arabia sits in the Top 10 of
and organic foods market in the Mid-
The cold chain logistics market size coffee consuming nations, globally.
is expected to grow from $1.36 Bil- dle East valued at $54.2 Million. Pro- The Kingdom imports 70,000- 90,000
lion in 2023 and reach $1.51 Billion jections anticipate a market growth tones of coffee every year and pro-
in 2024 and $1.69 Billion in 2025. The of 17.4% to 2026. The organic food duces another 800 tones locally.
acceleration of the smart food logis- market growth is driven by rising Whilst significant business oppor-
tics market dominates the cold chain disposable income and government tunities exist in the coffee import
sector. Rising domestic consumption support towards organic farming as market, the government’s plan to
of fresh food imports and exports has well as growing consumer prefer- plant 1.2 Million coffee trees by 2026
ushered in a rapidly growing cold ences toward chemical free food. presents new opportunities for cof-
chain logistics market that is rely- fee farm machinery and equipment
ing on smart technologies in trans- suppliers and coffee processing and
port management and distribution of packaging solution providers.
temperature-controlled products.

Circle 4 on enquiry card
6 Vol. 42 No. 7