Browse Data and Analysis

The HRI sector is witnessing remarkable growth, fueled by urbanization, a surging population, rising disposable incomes, shifting social and cultural trends, and a thriving tourism industry. The Saudi food retail market, currently valued at $30 billion, is projected to grow by another $15 billion by 2030.

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.

In 2013, the number of food retail outlets in Saudi Arabia was estimated at 40,435 stores, an increase of 15 percent over their number in 2012.

The hotel, restaurant and institutional (HRI) food service sector in Saudi Arabia has been rapidly growing in the past decade.

U.S. food and agricultural product exports to Saudi Arabia reached a record-high level of $1.425 billion in FY 2014, an increase of 24 percent over the previous year.