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The Saudi Arabian pet market is growing - fueled by rising pet ownership driven by evolving social norms and increasing disposable income.

The food processing industry is an important component of Ecuador’s manufacturing sector. This sector contributes 56 percent to Ecuador’s manufacturing gross domestic product and grossed $14 billion in net sales. Excellent sales prospects exist for U.S. food ingredient products to supply this industry.

The ongoing transformation of Saudi Arabia bodes well for the retail food sector. In 2023, the Saudi food retail market was estimated at more than $51 billion and projected to increase by more than 5 percent annually in the coming years due to the continued urbanization, growing population, changing shopping habits, expansion of physical store locations , and increasing popularity of online platforms.

U.S. exports of consumer-oriented food products to Saudi Arabia increased 23 percent over 2021 to a record $656 million mainly due to the continued expansion in online shopping platforms.

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.

The food processing industry is an important component of Ecuador’s manufacturing sector. This sector contributes 45 percent to Ecuador’s manufacturing gross domestic product and grossed $12 billion in net sales.

Ecuador’s National Customs Service (SENAE) announced on February 2, 2023, that Distiller’s Dried Grains with Solubles (DDGS) will no longer be subject to a 12 percent value added tax.

The retail industry is an important component of Ecuador’s economy. The 2022 forecasts for retail food sales is $24.9 billion and for consumer expenditures on food, beverages, and tobacco is $15.9 billion. Excellent sales prospects exist for U.S. food products to supply this sector.

U.S. exports of consumer-oriented food products to Saudi Arabia decreased four percent in 2021, compared to 2020, to approximately $535 million mainly due to shipping issues (e.g., fewer cargo ships, higher costs, etc.) throughout the year. Unfortunately, this trend is expected to continue throughout 2022.

The food processing industry is an important component of Ecuador’s manufacturing sector. In 2020, the sector contributed $6.5 billion to Ecuador’s gross domestic product and grossed $11 billion in net sales. Excellent sales prospects exist for U.S. food ingredient products to supply this industry.

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 percent over total investments in 2016.

Post anticipates a significant increase in U.S. high-value food product exports to Saudi Arabia in 2021 due to expansion of the retail sector.