Agribusiness companies today are confronting a daunting array of challenges. They are grappling with a high cost of production, shrinking profit margins, disruptive technological innovations, climate change, changing customer preferences, worldwide shift towards sustainable practices, stringent regulations and geopolitical events. However, amidst these obstacles lies significant opportunities. Agribusiness is undergoing a remarkable transformation driven by several key trends.
Global outlook
While agritech is revolutionizing data collection and farm management with drones, sensors, AI, blockchain, and cloud computing, consumer preferences are also shifting. Consumers are demanding healthy, sustainable, and ethically sourced options, including local produce, non-GMO goods, and meat alternatives. Busy lifestyles are driving the need for convenience, with readily prepared meals, quick delivery, and longer shelf-life products in high demand. Further complicating the picture are geopolitical tensions disrupting supply chains, economic uncertainties impacting prices, and rising deglobalization policies forcing agribusinesses to explore local alternatives and navigate a more complex regulatory environment.
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Saudi outlook
Saudi Arabia is home to a growing food production, manufacturing and processing sector. The sector benefits from population and income growth, life-style changes, government support, and favourable trade agreements. The Saudi Arabian agribusiness sector presents a highly attractive growth opportunity, with a projected CAGR of 2.79% reaching a staggering USD 17.68 billion by 2029 [1]. Investments in the sector is projected to reach $70 Billion by the end of 2030[2]. Highest growth areas to include: Controlled Environment Agriculture, Greenhouses, Hydroponics, Remote Sensors and Digitalized Processes, Drones, Use of Solar Energy for Water, Desalination and Genetic Editing. With new government investments and plans to develop local agricultural assets, growth is expected to continue.
How We Can Help?
We provide a comprehensive suite of services to help agribusinesses navigate these challenges and achieve success. We offer expertise in technology adoption, global procurement, and operational excellence, across the Produce to Provide lifecycle, all designed to empower your business for long-term growth and sustainability.
CMT-Corporate Strategy
We assist clients in developing a long-term, clear, and actionable strategy aligned to the firm's goals.
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Business Model Transformation
We help develop and implement innovative business models that leverage digital technologies and cater to evolving consumer preferences.
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