Saudi Arabia Fruit and Vegetable Processing Market Size Set to Grow at CAGR of 4.78% to Surpass USD 1.13 Billion by 2030
Saudi Arabia Fruit and Vegetable Processing Market is flourishing because of the rising demand for convenient and ready-to-eat food products and growing health awareness.
Report Ocean, a leading strategic consulting and market research firm, in its recent study, estimated the Saudi Arabia Fruit and Vegetable Processing Market size at USD 780.33 million in 2023. During the forecast period between 2024 and 2030, Report Ocean expects the Saudi Arabia Fruit and Vegetable Processing Market size to expand at a CAGR of 4.78% reaching a value of USD 1,136.18 million by 2030. The implementation of cutting-edge food processing technologies, such as supercritical fluid technology and membrane technology, and the growing demand for ready-to-eat food items are key growth factors for the Saudi Arabia fruit and vegetable processing market. Furthermore, it is projected that the Saudi Arabia Fruit and Vegetable Processing Market would expand due to rising investments in effective cold chain infrastructure.
Opportunity: Rising Demand for Convenient and Ready-to-eat Food Products
Convenient and ready-to-eat items are in high demand due to the Kingdom's growing working adult population and shifting customer lifestyles. The increased demand for processed fruits and vegetables is also being influenced by the growing number of women entering the workforce and the rise in per capita income. Processed items are becoming more and more popular among consumers because they are convenient to use, consume, and store for extended periods of time. The Kingdom's fruit and vegetable processing sector is further propelled by the high rate of food spoiling caused by the country's hot environment.
Saudi Arabia Fruit and Vegetable Processing Market
Segmental Coverage
Saudi Arabia Fruit and Vegetable Processing Market - By Processing Equipment
Based on processing equipment, the Saudi Arabia Fruit and Vegetable Processing Market is segmented into pre-processing, processing, washing, filling, seasoning, and packaging. The processing segment dominates the Saudi Arabia Fruit and Vegetable Processing Market. There is a wide range of fruit and vegetable processing equipment available, such as fruit processing plants and abrasive peelers fruit pulpers. The market has a strong demand for fruit processing plants. The machine processes fruits and vegetables using a steam-based heating source. It comes with typical equipment, including a temperature control section and a freeze dryer. Fresh fruits and vegetables have a longer shelf life when stored in a vegetable processing line equipped with an ozone system.
Competitive Landscape
Major players operating in the Saudi Arabia Fruit and Vegetable Processing Market include Watania Agri, Saudi Arabian Food Industries Company, Almarai Company, Desert Oasis, Najran Agricultural Development Company, Hail Agricultural Development Company, Golden Dates Factory, Khaled Mohammad Alnuzha Dates Trading Est., and Maghadi Dates Factory.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Saudi Arabia Fruit and Vegetable Processing Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Saudi Arabia Fruit and Vegetable Processing Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
