Saudi Arabia Canned Food Market: Projected Growth and Trends Through 2028 [Yahoo! Finance]
ITOCHU CORP UNSP/ADR (ITOCY)
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Source: Yahoo! Finance
A comprehensive research publication focusing on the Saudi Arabia canned food market has been released and is now available on our website. This in-depth analysis projects a significant growth trend, anticipating a robust compound annual growth rate (CAGR) of 3.55% from 2021 to 2028. This surge in growth is set to propel the market value to US$1,132.689 million by the end of the forecast period, up from US$887.449 million in 2021. The Saudi Arabian economy , known as the Arab world's powerhouse, is witnessing a substantial escalation in its food processing industry. Noteworthy investments expected to peak at $70 billion by 2030, representing a 59% increase over investment figures from 2016. The continued robustness of the food sector, as highlighted by Ministry officials projecting a $20 billion growth by 2035, is anticipated to stimulate the canned food market extensively, particularly within key industries such as beverages, dairy, and ready-to-eat sectors. Factors Contributing
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