• Various types of fish and sea food.
• Competitive prices.
• Use modern technologies in all stages of production.
• Adopt modern transportation methods that preserve the quality of the fish.
• Managing the developing and marketing ideas to elevate the competitive benefits.

Despite accounting for 0.7% of the global population, the GCC countries account for 3% of the global expenditure on processed food and beverages, with USD 102 billion out of USD 3.4 trillion. This indicates a higher per capita food consumption in the region compared to the global average. This isn’t surprising upon closer examination; the GCC population surpasses 58 million, with approximately 56.3% of them falling within the age bracket of (25 to 54 years old); It is this crucial and dynamic demographic segment that drives the food industries market, being the most vibrant and youthful compared to other age segments

Given Saudi Arabia’s dominance in the GCC region, accounting for approximately 59.7% of the total population, and its commanding share of over 53% in the food and beverage market, “Mashroo3k” has taken the initiative to present the key indicators of this vital market within the Kingdom based on the latest available statistics:

• As of the Q2 of 2021, the number of food products factories was 916, with an additional 249 under construction. The number of beverage factories was estimated at 209, with an additional 71 factories under construction.
• The number of food products factories accounts for 11.1% of the total operating factories (8258), whereas beverage factories represent 2.5% of the total number of factories in the kingdom.
• Food and beverage market in Saudi Arabia has been estimated at SAR 168.8 billion.
• At the end of 2021, the volume of food products consumption reached SAR 221 billion, reflecting a growth rate of 6%.
• According to global reports, the food consumption value in the Kingdom of Saudi Arabia is USD 70 billion, representing 60% of the total food consumption in the Gulf region.
• Fast food market is expected to reach USD 4.5 billion in three years.
• The market value of organic, healthy, and specialty food in the Kingdom reached USD 27 billion, with the halal food products market value reaching USD 6 billion.
• The Kingdom’s imports of food and beverage products were estimated at USD 14.5 billion per year.
• The operational expenses of food and beverage services activities were estimated at SAR 34,032.10 million in 2020, reflecting a notable growth compared to SAR 30,069.23 million in 2018.
• The operational revenues of food and beverage services activities in 2020 were estimated at approximately SAR 61,557.77 million, compared to SAR 54,866.87 million in 2018.
• The value of the operational expenses of food and beverage services activities is expected to hit SAR 52,489.34 million by 2027. The value of the operational revenues of food and beverage services activities is expected to hit SAR 92,084.64 million by 2027.
• The total operational revenues of food industry are expected to reach SAR 128,540,573 thousand by 2027.

Global Food Industry:

• According to UNICEF, the global prevalence of malnutrition increased to 9.8% in 2021.
• An estimated (702 to 828) million people worldwide currently face hunger.
• The revenues of the food industry market are estimated at USD 8.66 trillion.
• 8% of the total revenues of the food industry market will be achieved online.
• The total global production of primary crops is 9.4 billion tons.
• The total global production of red and white meat is 337 million tons.
• The total global production of fruits is 883 million tons.
• The total global production of vegetables is 1128 million tons.
• The total global production of vegetable oil is 201 million tons.
• The total global production of dairy is 883 million tons.
• The total global production of eggs is 83 million tons.