The value added of food, beverages, and tobacco in Saudi Arabia has shown steady growth from 2013 to 2023, increasing from 11.94 to 16.33 Units of Total Manufacturing. The growth rate slowed down from 2021 onwards, with a year-on-year growth rate of 1.69% in 2023. The CAGR over the last 5 years until 2023 was 1.83%. This indicates a deceleration in growth compared to the previous years. Between 2023 to 2028, the forecasted CAGR is expected to be about 1.19%, with an overall growth rate of 6.09% over this period.

Key future trends to watch for include:

Increased investment in food processing technologies
Shifts towards healthier and organic product lines
Policies promoting local manufacturing and consumption
Potential impacts of changing consumer preferences and digital transformation in the industry