Food Retail Market In Saudi Arabia 2024-2028
The food retail market in Saudi Arabia is forecasted to grow by USD 16.37 bn during 2023-2028, accelerating at a CAGR of 5.67% during the forecast period. The report on the food retail market in Saudi Arabia provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by expansion of hypermarkets and supermarkets in Saudi Arabia, growing e-commerce industry in Saudi Arabia, and increasing investment in food industry in Saudi Arabia.
Technavio's food retail market in Saudi Arabia is segmented as below:
By Distribution Channel
By Packaging
By Product
- Meat and poultry
- Fruits and vegetables
- Cereals
- Dairy
- Beverages and others
This study identifies the robust digitalization in food retail in Saudi Arabia as one of the prime reasons driving the food retail market in Saudi Arabia growth during the next few years. Also, rising growth of tourism and hospitality sector and rising number of mergers and acquisitions (M and A) among market players will lead to sizable demand in the market.
The report on the food retail market in Saudi Arabia covers the following areas:
- Food retail market in Saudi Arabia sizing
- Food retail market in Saudi Arabia forecast
- Food retail market in Saudi Arabia industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading food retail market in Saudi Arabia vendors that include Abdullah Al Othaim Markets Co., Al Dabbagh Group, Al Jazera, Al Raya, AL SADHAN, Amazon.com Inc., Astra Markets, Bindawood Holding, Carrefour SA, Hermas, Jeddah Central Markets Co., Lulu Group International, Manuel Supermarket, Nahada, Nana, One Meem, Savola Group, SPAR Group Inc., Speedy, and Tamimi Markets. Also, the food retail market in Saudi Arabia analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.