+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Retail Market in Saudi Arabia 2025-2029

  • PDF Icon

    Report

  • 143 Pages
  • December 2024
  • Region: Saudi Arabia
  • TechNavio
  • ID: 5933110
1h Free Analyst Time
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

The retail market in saudi arabia is forecasted to grow by USD 64.6 billion during 2024-2029, accelerating at a CAGR of 7.1% during the forecast period. The report on the 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 economic diversification under vision 2030, rising consumer spending power, and growth in tourism sector in saudi arabia.

The retail market in saudi arabia is segmented as below:

By Type

  • Non-food retail
  • Food retail

By Distribution Channel

  • Bakalas
  • Super markets
  • Hyper markets
  • Online

By Geographical Landscape

  • Middle East and Africa
This study identifies the integration of technology in retail sector as one of the prime reasons driving the retail market in saudi arabia growth during the next few years. Also, growing emphasis on sustainable retail and increasing adoption of omnichannel retailing will lead to sizable demand in the market.

The report on the retail market in saudi arabia covers the following areas:

  • Retail Market in Saudi Arabia sizing
  • Retail Market in Saudi Arabia forecast
  • Retail Market in Saudi Arabia industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading retail market in saudi arabia vendors that include Abdullah Al Othaim Markets Co., AL SADHAN, Ali Hassan Al Dahan and Partner Co. Ltd., Arabian Stores Co. Ltd., Azadea Group, Balsharaf Group, Bindawood Holding, Cenomi Retail, CHALHOUB GROUP, Jarir Marketing Co., Lulu Group International, M. H. Alshaya Co. WLL, Majid Al Futtaim Holding LLC, Manuel Supermarket, Nahdi Medical Co., Savola Group, Tamimi Markets, and Virgin Red Ltd. Also, the 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 report 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 primary and secondary research. 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 accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by Distribution Channel
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
Chart on Saudi Arabia: Year-over-year growth 2024-2029 (%)
Data Table on Saudi Arabia: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Retail Market in Saudi Arabia 2019 - 2023
Historic Market Size - Data Table on Retail Market in Saudi Arabia 2019 - 2023 ($ billion)
5.2 Type segment analysis 2019 - 2023
Historic Market Size - Type Segment 2019 - 2023 ($ billion)
5.3 Distribution Channel segment analysis 2019 - 2023
Historic Market Size - Distribution Channel Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
6.1 Impact of AI on Retail Market in Saudi Arabia
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Type
8.1 Market segments
Chart on Type - Market share 2024-2029 (%)
Data Table on Type - Market share 2024-2029 (%)
8.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
8.3 Non-food retail - Market size and forecast 2024-2029
Chart on Non-food retail - Market size and forecast 2024-2029 ($ billion)
Data Table on Non-food retail - Market size and forecast 2024-2029 ($ billion)
Chart on Non-food retail - Year-over-year growth 2024-2029 (%)
Data Table on Non-food retail - Year-over-year growth 2024-2029 (%)
8.4 Food retail - Market size and forecast 2024-2029
Chart on Food retail - Market size and forecast 2024-2029 ($ billion)
Data Table on Food retail - Market size and forecast 2024-2029 ($ billion)
Chart on Food retail - Year-over-year growth 2024-2029 (%)
Data Table on Food retail - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Type
Market opportunity by Type ($ billion)
Data Table on Market opportunity by Type ($ billion)
9 Market Segmentation by Distribution Channel
9.1 Market segments
Chart on Distribution Channel - Market share 2024-2029 (%)
Data Table on Distribution Channel - Market share 2024-2029 (%)
9.2 Comparison by Distribution Channel
Chart on Comparison by Distribution Channel
Data Table on Comparison by Distribution Channel
9.3 Bakalas - Market size and forecast 2024-2029
Chart on Bakalas - Market size and forecast 2024-2029 ($ billion)
Data Table on Bakalas - Market size and forecast 2024-2029 ($ billion)
Chart on Bakalas - Year-over-year growth 2024-2029 (%)
Data Table on Bakalas - Year-over-year growth 2024-2029 (%)
9.4 Super markets - Market size and forecast 2024-2029
Chart on Super markets - Market size and forecast 2024-2029 ($ billion)
Data Table on Super markets - Market size and forecast 2024-2029 ($ billion)
Chart on Super markets - Year-over-year growth 2024-2029 (%)
Data Table on Super markets - Year-over-year growth 2024-2029 (%)
9.5 Hyper markets - Market size and forecast 2024-2029
Chart on Hyper markets - Market size and forecast 2024-2029 ($ billion)
Data Table on Hyper markets - Market size and forecast 2024-2029 ($ billion)
Chart on Hyper markets - Year-over-year growth 2024-2029 (%)
Data Table on Hyper markets - Year-over-year growth 2024-2029 (%)
9.6 Online - Market size and forecast 2024-2029
Chart on Online - Market size and forecast 2024-2029 ($ billion)
Data Table on Online - Market size and forecast 2024-2029 ($ billion)
Chart on Online - Year-over-year growth 2024-2029 (%)
Data Table on Online - Year-over-year growth 2024-2029 (%)
9.7 Market opportunity by Distribution Channel
Market opportunity by Distribution Channel ($ billion)
Data Table on Market opportunity by Distribution Channel ($ billion)
10 Customer Landscape
10.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
Overview on factors of disruption
12.4 Industry risks
Impact of key risks on business
13 Competitive Analysis
13.1 Companies profiled
Companies covered
13.2 Company ranking index
Company ranking index
13.3 Market positioning of companies
Matrix on companies position and classification
13.4 Abdullah Al Othaim Markets Co.
Abdullah Al Othaim Markets Co. - Overview
Abdullah Al Othaim Markets Co. - Business segments
Abdullah Al Othaim Markets Co. - Key offerings
Abdullah Al Othaim Markets Co. - Segment focus
SWOT
13.5 AL SADHAN
AL SADHAN - Overview
AL SADHAN - Product / Service
AL SADHAN - Key offerings
SWOT
13.6 Ali Hassan Al Dahan and Partner Co. Ltd.
Ali Hassan Al Dahan and Partner Co. Ltd. - Overview
Ali Hassan Al Dahan and Partner Co. Ltd. - Product / Service
Ali Hassan Al Dahan and Partner Co. Ltd. - Key offerings
SWOT
13.7 Azadea Group
Azadea Group - Overview
Azadea Group - Product / Service
Azadea Group - Key offerings
SWOT
13.8 Balsharaf Group
Balsharaf Group - Overview
Balsharaf Group - Product / Service
Balsharaf Group - Key offerings
SWOT
13.9 Bindawood Holding
Bindawood Holding - Overview
Bindawood Holding - Product / Service
Bindawood Holding - Key offerings
SWOT
13.10 Cenomi Retail
Cenomi Retail - Overview
Cenomi Retail - Product / Service
Cenomi Retail - Key offerings
SWOT
13.11 CHALHOUB GROUP
CHALHOUB GROUP - Overview
CHALHOUB GROUP - Product / Service
CHALHOUB GROUP - Key offerings
SWOT
13.12 Jarir Marketing Co.
Jarir Marketing Co. - Overview
Jarir Marketing Co. - Product / Service
Jarir Marketing Co. - Key offerings
SWOT
13.13 Lulu Group International
Lulu Group International - Overview
Lulu Group International - Product / Service
Lulu Group International - Key offerings
SWOT
13.14 M. H. Alshaya Co. WLL
M. H. Alshaya Co. WLL - Overview
M. H. Alshaya Co. WLL - Product / Service
M. H. Alshaya Co. WLL - Key offerings
SWOT
13.15 Majid Al Futtaim Holding LLC
Majid Al Futtaim Holding LLC - Overview
Majid Al Futtaim Holding LLC - Product / Service
Majid Al Futtaim Holding LLC - Key offerings
SWOT
13.16 Nahdi Medical Co.
Nahdi Medical Co. - Overview
Nahdi Medical Co. - Business segments
Nahdi Medical Co. - Key offerings
Nahdi Medical Co. - Segment focus
SWOT
13.17 Savola Group
Savola Group - Overview
Savola Group - Product / Service
Savola Group - Key offerings
SWOT
13.18 Tamimi Markets
Tamimi Markets - Overview
Tamimi Markets - Product / Service
Tamimi Markets - Key offerings
SWOT
14 Appendix
14.1 Scope of the report
14.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
14.3 Currency conversion rates for US$
Currency conversion rates for US$
14.4 Research methodology
Research methodology
14.5 Data procurement
Information sources
14.6 Data validation
Data validation
14.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
14.8 Data synthesis
Data synthesis
14.9 360 degree market analysis
360 degree market analysis
14.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Type
Exhibits 5: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 8: Overview on criticality of inputs and factors of differentiation
Exhibits 9: Overview on factors of disruption
Exhibits 10: Impact of drivers and challenges in 2024 and 2029
Exhibits 11: Parent Market
Exhibits 12: Data Table on - Parent Market
Exhibits 13: Market characteristics analysis
Exhibits 14: Value chain analysis
Exhibits 15: Offerings of companies included in the market definition
Exhibits 16: Market segments
Exhibits 17: Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
Exhibits 18: Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
Exhibits 19: Chart on Saudi Arabia: Year-over-year growth 2024-2029 (%)
Exhibits 20: Data Table on Saudi Arabia: Year-over-year growth 2024-2029 (%)
Exhibits 21: Historic Market Size - Data Table on Retail Market in Saudi Arabia 2019 - 2023 ($ billion)
Exhibits 22: Historic Market Size - Type Segment 2019 - 2023 ($ billion)
Exhibits 23: Historic Market Size - Distribution Channel Segment 2019 - 2023 ($ billion)
Exhibits 24: Five forces analysis - Comparison between 2024 and 2029
Exhibits 25: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 26: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 27: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 28: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 29: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 30: Chart on Market condition - Five forces 2024 and 2029
Exhibits 31: Chart on Type - Market share 2024-2029 (%)
Exhibits 32: Data Table on Type - Market share 2024-2029 (%)
Exhibits 33: Chart on Comparison by Type
Exhibits 34: Data Table on Comparison by Type
Exhibits 35: Chart on Non-food retail - Market size and forecast 2024-2029 ($ billion)
Exhibits 36: Data Table on Non-food retail - Market size and forecast 2024-2029 ($ billion)
Exhibits 37: Chart on Non-food retail - Year-over-year growth 2024-2029 (%)
Exhibits 38: Data Table on Non-food retail - Year-over-year growth 2024-2029 (%)
Exhibits 39: Chart on Food retail - Market size and forecast 2024-2029 ($ billion)
Exhibits 40: Data Table on Food retail - Market size and forecast 2024-2029 ($ billion)
Exhibits 41: Chart on Food retail - Year-over-year growth 2024-2029 (%)
Exhibits 42: Data Table on Food retail - Year-over-year growth 2024-2029 (%)
Exhibits 43: Market opportunity by Type ($ billion)
Exhibits 44: Data Table on Market opportunity by Type ($ billion)
Exhibits 45: Chart on Distribution Channel - Market share 2024-2029 (%)
Exhibits 46: Data Table on Distribution Channel - Market share 2024-2029 (%)
Exhibits 47: Chart on Comparison by Distribution Channel
Exhibits 48: Data Table on Comparison by Distribution Channel
Exhibits 49: Chart on Bakalas - Market size and forecast 2024-2029 ($ billion)
Exhibits 50: Data Table on Bakalas - Market size and forecast 2024-2029 ($ billion)
Exhibits 51: Chart on Bakalas - Year-over-year growth 2024-2029 (%)
Exhibits 52: Data Table on Bakalas - Year-over-year growth 2024-2029 (%)
Exhibits 53: Chart on Super markets - Market size and forecast 2024-2029 ($ billion)
Exhibits 54: Data Table on Super markets - Market size and forecast 2024-2029 ($ billion)
Exhibits 55: Chart on Super markets - Year-over-year growth 2024-2029 (%)
Exhibits 56: Data Table on Super markets - Year-over-year growth 2024-2029 (%)
Exhibits 57: Chart on Hyper markets - Market size and forecast 2024-2029 ($ billion)
Exhibits 58: Data Table on Hyper markets - Market size and forecast 2024-2029 ($ billion)
Exhibits 59: Chart on Hyper markets - Year-over-year growth 2024-2029 (%)
Exhibits 60: Data Table on Hyper markets - Year-over-year growth 2024-2029 (%)
Exhibits 61: Chart on Online - Market size and forecast 2024-2029 ($ billion)
Exhibits 62: Data Table on Online - Market size and forecast 2024-2029 ($ billion)
Exhibits 63: Chart on Online - Year-over-year growth 2024-2029 (%)
Exhibits 64: Data Table on Online - Year-over-year growth 2024-2029 (%)
Exhibits 65: Market opportunity by Distribution Channel ($ billion)
Exhibits 66: Data Table on Market opportunity by Distribution Channel ($ billion)
Exhibits 67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 68: Impact of drivers and challenges in 2024 and 2029
Exhibits 69: Overview on criticality of inputs and factors of differentiation
Exhibits 70: Overview on factors of disruption
Exhibits 71: Impact of key risks on business
Exhibits 72: Companies covered
Exhibits 73: Company ranking index
Exhibits 74: Matrix on companies position and classification
Exhibits 75: Abdullah Al Othaim Markets Co. - Overview
Exhibits 76: Abdullah Al Othaim Markets Co. - Business segments
Exhibits 77: Abdullah Al Othaim Markets Co. - Key offerings
Exhibits 78: Abdullah Al Othaim Markets Co. - Segment focus
Exhibits 79: SWOT
Exhibits 80: AL SADHAN - Overview
Exhibits 81: AL SADHAN - Product / Service
Exhibits 82: AL SADHAN - Key offerings
Exhibits 83: SWOT
Exhibits 84: Ali Hassan Al Dahan and Partner Co. Ltd. - Overview
Exhibits 85: Ali Hassan Al Dahan and Partner Co. Ltd. - Product / Service
Exhibits 86: Ali Hassan Al Dahan and Partner Co. Ltd. - Key offerings
Exhibits 87: SWOT
Exhibits 88: Azadea Group - Overview
Exhibits 89: Azadea Group - Product / Service
Exhibits 90: Azadea Group - Key offerings
Exhibits 91: SWOT
Exhibits 92: Balsharaf Group - Overview
Exhibits 93: Balsharaf Group - Product / Service
Exhibits 94: Balsharaf Group - Key offerings
Exhibits 95: SWOT
Exhibits 96: Bindawood Holding - Overview
Exhibits 97: Bindawood Holding - Product / Service
Exhibits 98: Bindawood Holding - Key offerings
Exhibits 99: SWOT
Exhibits 100: Cenomi Retail - Overview
Exhibits 101: Cenomi Retail - Product / Service
Exhibits 102: Cenomi Retail - Key offerings
Exhibits 103: SWOT
Exhibits 104: CHALHOUB GROUP - Overview
Exhibits 105: CHALHOUB GROUP - Product / Service
Exhibits 106: CHALHOUB GROUP - Key offerings
Exhibits 107: SWOT
Exhibits 108: Jarir Marketing Co. - Overview
Exhibits 109: Jarir Marketing Co. - Product / Service
Exhibits 110: Jarir Marketing Co. - Key offerings
Exhibits 111: SWOT
Exhibits 112: Lulu Group International - Overview
Exhibits 113: Lulu Group International - Product / Service
Exhibits 114: Lulu Group International - Key offerings
Exhibits 115: SWOT
Exhibits 116: M. H. Alshaya Co. WLL - Overview
Exhibits 117: M. H. Alshaya Co. WLL - Product / Service
Exhibits 118: M. H. Alshaya Co. WLL - Key offerings
Exhibits 119: SWOT
Exhibits 120: Majid Al Futtaim Holding LLC - Overview
Exhibits 121: Majid Al Futtaim Holding LLC - Product / Service
Exhibits 122: Majid Al Futtaim Holding LLC - Key offerings
Exhibits 123: SWOT
Exhibits 124: Nahdi Medical Co. - Overview
Exhibits 125: Nahdi Medical Co. - Business segments
Exhibits 126: Nahdi Medical Co. - Key offerings
Exhibits 127: Nahdi Medical Co. - Segment focus
Exhibits 128: SWOT
Exhibits 129: Savola Group - Overview
Exhibits 130: Savola Group - Product / Service
Exhibits 131: Savola Group - Key offerings
Exhibits 132: SWOT
Exhibits 133: Tamimi Markets - Overview
Exhibits 134: Tamimi Markets - Product / Service
Exhibits 135: Tamimi Markets - Key offerings
Exhibits 136: SWOT
Exhibits 137: Inclusions checklist
Exhibits 138: Exclusions checklist
Exhibits 139: Currency conversion rates for US$
Exhibits 140: Research methodology
Exhibits 141: Information sources
Exhibits 142: Data validation
Exhibits 143: Validation techniques employed for market sizing
Exhibits 144: Data synthesis
Exhibits 145: 360 degree market analysis
Exhibits 146: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the retail market in saudi arabia: Abdullah Al Othaim Markets Co., AL SADHAN, Ali Hassan Al Dahan and Partner Co. Ltd., Arabian Stores Co. Ltd., Azadea Group, Balsharaf Group, Bindawood Holding, Cenomi Retail, CHALHOUB GROUP, Jarir Marketing Co., Lulu Group International, M. H. Alshaya Co. WLL, Majid Al Futtaim Holding LLC, Manuel Supermarket, Nahdi Medical Co., Savola Group, Tamimi Markets, and Virgin Red Ltd..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is integration of technology in retail sector."

According to the report, one of the major drivers for this market is the economic diversification under vision 2030.

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 a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Abdullah Al Othaim Markets Co.
  • AL SADHAN
  • Ali Hassan Al Dahan and Partner Co. Ltd.
  • Arabian Stores Co. Ltd.
  • Azadea Group
  • Balsharaf Group
  • Bindawood Holding
  • Cenomi Retail
  • CHALHOUB GROUP
  • Jarir Marketing Co.
  • Lulu Group International
  • M. H. Alshaya Co. WLL
  • Majid Al Futtaim Holding LLC
  • Manuel Supermarket
  • Nahdi Medical Co.
  • Savola Group
  • Tamimi Markets
  • Virgin Red Ltd.