Saudi Arabia: Food Processing Ingredients
Saudi Arabia is the largest economy in the Arab world and home to a growing food manufacturing and processing sector. Total investments in the sector are projected to reach $70 billion in 2030, an increase of approximately 59% over total investments in 2016. Most Saudi food manufacturers depend on imports for food ingredients and imported a total of $3 billion ($434 million from the United States) worth of intermediate food ingredient products in 2022. While the United States continues to thrive on traditional exports, Post anticipates healthier foods will be a major driver in Saudi Arabia over the next several years. In 2022, U.S. agricultural exports to Saudi Arabia set a record high, and Post believes 2023 could be even better. Saudi Arabia is the 20th largest market for U.S. agricultural products.