Saudi Arabia Agribusiness Market Size Worth USD 40.6 Million by 2033 | Industry Growing at a CAGR of 2.84%

Agribusiness Market in Saudi Arabia 2025:

How Big is the Saudi Arabia Agribusiness Industry?

The Saudi Arabia agribusiness market size reached USD 31.6 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 40.6 Million by 2033, exhibiting a growth rate (CAGR) of 2.84% during 2025-2033.

Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 31.6 Million
Market Size in 2033: USD 40.6 Million
Market Growth Rate (CAGR) 2025-2033: 2.84%

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Saudi Arabia Agribusiness Market Trends and Drivers:

The Saudi Arabia agribusiness market is being fundamentally transformed by the intersection of technological advancement, government intervention, and increasing focus on sustainability. Essentially, the country's Vision 2030 plan has spurred significant investment in agriculture to improve food security and minimize import reliance. In addition, the use of new agricultural methods like hydroponics, vertical agriculture, and controlled-environment agriculture is allowing for effective crop growth in the country's dry weather.

Additionally, the incorporation of artificial intelligence and Internet of Things (IoT) technologies is maximizing the utilization of resources, enhancing yield projections, and supporting precision agriculture approaches. In addition, the government's investment of substantial amounts of money in the Agricultural Development Fund is financing technology adoption and infrastructure improvement in the agribusiness industry.

Additionally, increased consumer demand for organic and locally grown food is motivating farmers to implement sustainable and environmentally friendly farming methods. Moreover, strategic partnerships with global agribusiness companies are promoting knowledge transfer and bringing innovative solutions to the domestic market.
Another significant consideration is the growth of aquaculture and livestock production, which is diversifying the farm output and supporting the country's food self-sufficiency efforts.

Also, the use of effective water management systems, such as desalination and reuse of wastewater, is tackling the serious issue of water scarcity in agriculture. Briefly, the intersection of favorable government policies, technological developments, and changing consumer tastes is driving the development of the Saudi Arabia agribusiness market to become a central figure in the agricultural sector in the region.

Saudi Arabia Agribusiness Industry Segmentation:

The report has segmented the market into the following categories:

Product Insights:

• Grains and Cereals
• Dairy
• Oilseeds
• Livestock
• Others

Application Insights:

• Agrichemicals
• Seed Business
• Breeding
• Machinery and Equipment

Regional Insights:

• Northern And Central Region
• Western Region
• Eastern Region
• Southern Region

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Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

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This release was published on openPR.