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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.
Saudi regulations allow the importation of biotech plant products. However, they are required to be labeled if they contain more than one percent genetically engineered (GE) plant....
Saudi Arabia imported $14.8 billion worth of agricultural and related products in 2016, with the U.S. accounting for about 10 percent of total Saudi imports
Saudi Arabia’s regulatory authorities continue to strictly enforce Saudi and GSO food import regulations and standards, particularly those related to allowable limits for food additives....