Source: US Department of Agriculture Foreign Agricultural Service
Saudi Arabia is home to a growing food manufacturing and processing sector which benefits from population and income growth, life-style changes, state support, and favorable trade agreements. Investment in the sector is projected to reach $59 billion in 2021, an increase of approximately 64 percent over 2013. Manufacturers include major multinational and domestic companies such as PepsiCo and SAVOLA. Most Saudi food manufacturers depend on imports for food ingredients. Saudi Arabia imported $2.7 billion worth of intermediate food products in 2019, mostly for further processing. U.S. suppliers provided approximately 13 percent, or $350 million. Some bulk products, including corn, are also used by processors.