Market Size of Kuwait Fruits & Vegetables Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 134.70 Million |
Market Size (2029) | USD 218.02 Million |
CAGR (2024 - 2029) | 10.11 % |
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Kuwait Vegetables and Fruits Market Analysis
The Kuwait Fruits & Vegetables Market size is estimated at USD 134.70 million in 2024, and is expected to reach USD 218.02 million by 2029, growing at a CAGR of 10.11% during the forecast period (2024-2029).
- The country has low domestic production capabilities for fruits and vegetables, as the soil in the region is soft in organic content, has low-nutrient holding abilities, and has poor moisture-retaining capacity. The natural water resources required for irrigation are minimal, with most of the water used from desalination plants, which consume a lot of electricity, increasing the cost of farming for domestic farmers, as there are no subsidies for electricity in the country.
- The Government of Kuwait is encouraging agricultural companies to invest in foreign countries with a comparative advantage in producing certain crops and importing their products back into Kuwait. The Kuwaiti government provides financial incentives to encourage investors to participate in this food security initiative and invest overseas. Thus, the harsh climatic conditions and vulnerable water and soil resources are the significant constraints faced by the agriculture sector in Kuwait; hence, the country primarily depends on importing fruits and vegetables.
- Furthermore, the non-issuance of non-exposure permits for some sales centers and owners of stalls, no parallel operation of supermarkets in the commercial areas, precautionary policies forced upon some cooperatives and markets, discontinuation of the 'barcode' system for individual shopping and stopping restaurants and groceries from buying vegetables and fruits are some of the significant factors influencing the fruits and vegetables market in the country. Thus, the growing demand for fruits and vegetables in Kuwait is attributed to the increasing disposable incomes of the people and the increasing health concerns of the Kuwaiti population.