Food & Grocery Retail in Middle East

Food & Grocery Retail in Middle East

Summary

Food & Grocery Retail in Middle East industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• The food & grocery retail market is segmented into household products, tobacco, food, and drinks. Market value refers to retail sales.
• The Middle Eastern food & grocery retail market recorded revenues of $204.5 billion in 2023, representing a compound annual growth rate (CAGR) of 4.8% between 2018 and 2023.
• The food segment accounted for the market's largest proportion in 2023, with total revenues of $163.2 billion, equivalent to 79.8% of the market's overall value.
• The Middle Eastern food & grocery retail market is expanding due to the growth in grocery retail infrastructure which provides consumers convenient access to a wide variety of food and grocery options. For instance, in October 2023, Spinneys, one of the key supermarket chains in Egypt, opened a 1,100 m2 store in Obour City, marking the first store in Qalubeya and the 25th in Egypt.

Scope

• Save time carrying out entry-level research by identifying the size, growth, and leading players in the food & grocery retail market in Middle East
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the food & grocery retail market in Middle East
• Leading company profiles reveal details of key food & grocery retail market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Middle East food & grocery retail market with five year forecasts

Reasons to Buy

• What was the size of the Middle East food & grocery retail market by value in 2023?
• What will be the size of the Middle East food & grocery retail market in 2028?
• What factors are affecting the strength of competition in the Middle East food & grocery retail market?
• How has the market performed over the last five years?