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Food Retail Market in Saudi Arabia 2016-2020

About the Food Retail Market in Saudi Arabia

Saudi Arabia is a desert country and is known as the birthplace of Islam. It is home to the religion’s two most sacred mosques, Masjid al-Haram in Mecca and Masjid an-Nabawi in Medina, the burial site of prophet Muhammad. It is the world's largest producer and exporter of petroleum products. It has the world's second-largest oil reserves and sixth-largest gas reserves. The country is categorized as a World Bank high-income economy with a high Human Development Index.

Technavio’s analysts forecast the food retail market in Saudi Arabia to grow at a CAGR of 4.9% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the food retail market in Saudi Arabia for 2016-2020. To calculate the market size, the report has taken into consideration the revenue generated from the retail sales of food products in Saudi Arabia and has not included revenue generated from on-trade sales. It also includes the market size based on volume, which has been calculated based on the retail consumption of food products.

The market is divided into the following segments based on product categories:

  • Cereals
  • Dairy
  • Fruits and vegetables
  • Meat
  • Other foods
Technavio's report, Food Retail Market in Saudi Arabia 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Carrefour
  • NESTO
  • Othaim Markets
  • Panda United
  • Tamimi Markets
Other prominent vendors
  • Al Raya Supermarkets
  • Al Sadhan Supermarkets
  • Balsharaf Supermarkets
  • Bin Dawood Supermarkets
  • Farm Supermarkets
  • Lulu Hypermarket
  • Manual Hypermarket
  • Marhaba Supermarkets
  • Sarawat Supermarkets
  • Star Hypermarkets
Market driver
  • Increase in number of retail outlets
  • For a full, detailed list, view our report
Market challenge
  • Nitaqat law
  • For a full, detailed list, view our report
Market trend
  • Increasing import of food products
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Food Retail Market in Saudi Arabia 2016-2020

Technavio recognizes the following companies as the key players in the food retail market in Saudi Arabia: Carrefour, NESTO, Othaim Markets, Panda United, and Tamimi Markets.

Other Prominent Vendors in the market are: Al Raya Supermarkets, Al Sadhan Supermarkets, Balsharaf Supermarkets, Bin Dawood Supermarkets, Farm Supermarkets, Lulu Hypermarket, Manual Hypermarket, Marhaba Supermarkets, Sarawat Supermarkets, and Star Hypermarkets.

Commenting on the report, an analyst from Technavio’s team said: “A trend which is helping to boost market growth is the increasing imports of food products. It is estimated that Saudi Arabia is importing about 80% of its food requirements, worth about $24 billion, from foreign countries. For religious reasons, all food products imported to Saudi Arabia must be certified halal and also Saudi Arabia bans the import of alcoholic beverages, pork meat, and food ingredients or additives that contain pork products, including pork fat, gelatin, and lard.”

According to the report, a key growth driver is the increase in number of retail outlets. Food retailers are trying to increase their store numbers so as to gain more market share and also access more consumer segments. Panda supermarket chain plans to increase its number of stores to 250 by 2020 from the current number of 240. Al Sadhan Supermarkets plans to increase its number of stores by 18 in the next 10 years. Also, Carrefour plans to increase its number of stores to 20 from 14 during the forecast period.

Further, the report states that one challenge that could restrict market growth is Nitaqat Law. One of the main challenges faced by the market is the lack of experienced human personnel due to the Nitaqat law implemented by the Saudi Arabian government. The Nitaqat law was implemented by the government to replace foreign workers with Saudi nationals in the private sector.



Companies Mentioned

Carrefour, NESTO, Othaim Markets, Panda United, Tamimi Markets, Al Raya Supermarkets, Al Sadhan Supermarkets, Balsharaf Supermarkets, Bin Dawood Supermarkets, Farm Supermarkets, Lulu Hypermarket, Manual Hypermarket, Marhaba Supermarkets, Sarawat Supermarkets, Star Hypermarkets.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Retail sales area per capita 2015-2020 (square meters per thousand inhabitants)
  • Market landscape
    • Country overview
      • Table Saudi Arabia: Overview 2015-2019
    • Market overview
      • Table Overview of food retail market in Saudi Arabia 2015
    • Global food retail market
      • Table Global food retail market 2015-2020 ($ trillions)
    • Overview of food retail sales in GCC
      • Table Overview of food retail sales in GCC 2010-2020
      • Table Comparison of combined market shares of top three food retailers in UK, France, UAE, and Saudi Arabia 2010 and 2015
      • Table Key points to be followed by food retailers in GCC countries in order to benefit from market trends
    • Food retail market in Saudi Arabia
      • Table Food retail market in Saudi Arabia by revenue 2015-2020 ($ billions)
      • Table Food retail market in Saudi Arabia by volume 2015-2020 (millions of tons)
    • Packaged food market in Saudi Arabia
      • Table Packaged food market in Saudi Arabia by revenue 2015-2020 ($ billions)
      • Table Packaged food market in Saudi Arabia by volume 2015-2020 (millions of tons)
      • Table Opportunities for retailers, manufacturers, and distributors in food retail market in Saudi Arabia
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Table Overview of food retail market in Saudi Arabia by product 2015-2020
    • Cereals market in Saudi Arabia
      • Table Cereals market in Saudi Arabia 2015-2020 ($ billions)
      • Table Working women population in Saudi Arabia 2011-2015 (thousands)
      • Table Cereal production in Saudi Arabia 2011-2014 (millions of tons)
      • Table Major wheat importers to Saudi Arabia 2014
    • Fruits and vegetables market in Saudi Arabia
      • Table Fruits and vegetables market in Saudi Arabia 2015-2020 ($ billions)
      • Table Import of vegetables in Saudi Arabia 2010-2013 ($ millions)
    • Dairy market in Saudi Arabia
      • Table Dairy market in Saudi Arabia 2015-2020 ($ billions)
      • Table Major importers of milk to Saudi Arabia 2014
    • Meat market in Saudi Arabia
      • Table Meat market in Saudi Arabia 2015-2020 ($ billions)
      • Table Bovine meat imports to Saudi Arabia 2014
      • Table Broiler meat production in Saudi Arabia 2011-2016 (thousands of tons)
      • Table Broiler meat import in Saudi Arabia 2014-2016 (thousands of tons)
    • Other foods market in Saudi Arabia
      • Table Other foods market in Saudi Arabia 2015-2020 ($ billions)
      • Table Major fish importers to Saudi Arabia 2014
      • Table Main channels of distribution of fish and seafood in Saudi Arabia 2015
  • Market segmentation by distribution channel
    • Table Food retail market in Saudi Arabia by distribution channel 2015
  • Market drivers
    • Table Urbanization in Saudi Arabia 2011-2014
    • Table Disposable income in Saudi Arabia 2012-2016 ($ billions)
    • Table Consumer expenditure on food products 2012-2016 ($ billions)
    • Table Number of food retail outlets in Saudi Arabia 2012-2014
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Import of food products from European Union to Saudi Arabia 2011-2015 ($ billions)
  • Vendor landscape
    • Competitive scenario
    • Carrefour
      • Table Carrefour: Product overview
    • NESTO
      • Table NESTO: Product overview
    • Othaim Markets
      • Table Othaim Markets: Product overview
    • Panda United
      • Table Panda United: Product offerings
    • Tamimi Markets
      • Table Tamimi Markets: Product overview
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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