The market is dominated by domestic suppliers, as imports account for 38.9% of total market size in 2023. Households drive market demand, with household spending representing 89.0% of total demand in 2023. Saudi Arabia has the largest market size for coffee, tea, spices and ready meals regionally, with demand reaching USD9.7 billion in 2023. Aseer Trading, Tourism & Mfg Group is the largest company in Saudi Arabia, generating 5.1% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 14.5% of total production value in 2023. The total number of companies increases in 2023, to 2,833 units. The costs of the industry decrease by 2.6% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 23.1% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 2.6% of total production output. With production value of USD3.6 billion, Saudi Arabia accounts for 26.3% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Coffee, Tea, Spices and Ready Meals in Saudi Arabia: ISIC 1549. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Coffee, Tea, Spices and Ready Meals in Saudi Arabia: ISIC 1549 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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